KINSHASA, DR CONGO, 21st April 2021-President Uhuru Kenyatta has commended Kenya's Equity Bank for its growing continental presence saying the financial institution's expansion is helping unite Africa and expand her economic freedom.
President Uhuru Kenyatta and Equity Bank Group CEO Dr James Mwangi unveil a commemorative plaque to signify the official inauguration of the rebranded Equity BCDC office block in Central Kinshasa, DRC.
"Today, the Republic of Kenya and the Democratic Republic of Congo forge a stronger bond through the merger of Banque Commerciale du Congo (BCDC) and Equity Bank Congo (EBC).
President Uhuru Kenyatta with Equity Bank Group CEO Dr James Mwangi and DR Congo's Central Bank Governor Deogratias Mutombo during the official inauguration of the rebranded Equi...
“The Bank of Uganda held its policy rate unchanged at 7.0% as expected – however, there are some risks to our expectation of an early tightening. While the BoU is mindful of fiscal risks, it nonetheless sees inflation as ‘benign’, and expects to see a further deceleration in core inflation. The BoU also notes that the economic recovery has lost some of its earlier momentum, amid rising COVID cases. Somewhat predictably, it has taken the decision to extend COVID credit relief measures for 6 months from April 1st, when the extraordinary measures were otherwise due to come to an end. The Covid-19 Liquidity Assistance Program will also be kept in place, although this will be reviewed from ‘time to time’ as the pandemic evolves.
The market implications of this decision are ...
Kampala – 19 January 2021: Our attention has been drawn to another group of unscrupulous persons hiring for the post of “Data Entry” job openings at Standard Chartered Bank and requiring candidates to pay monies for Covid 19 tests which are apparently sent to the recruiting persons.
While we intermittently advertise several employment and development opportunities within Standard Chartered as and when they fall vacant, the alleged placements are not one of them. We pride ourselves on being an equal opportunity employer with a robust recruitment and resourcing policy and approach.
This is to therefore inform the general public that such employment communications that circulate on social media or through other forums or platforms, not owned or originating from Standard Chartered Bank’...
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If you strategy on using pesticides ask a doctor prior to you do to ensure that anything you spray will not damage you or anyone in the house. You should protect your eyes and pores and skin when using any pesticide products. Contact to the skin can cause redness, swelling, itching and prolonged irritation. If you have any of these symptoms ask your Doctor if they can suggest something to assist.
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Natural capital is the stock of renewable and non-renewable natural resources, such as plants, animals, air, water, soils and minerals
ABIDJAN, Ivory Coast, December 23, 2020
-- The African Development Bank (https://www.AfDB.org/) and the Green Growth Knowledge Platform (GGKP) have been awarded a two-year, CHF 241,875 ($273,439) grant from the MAVA Foundation to mainstream natural capital in development finance in Africa.
MAVA, a philanthropic foundation, promotes the conservation of biodiversity and advocates for sustainable economies in the Mediterranean, West Africa and Switzerland.
The grant will support activities to develop a business case for natural capital among multilateral development banks, scale up the application of natural capital in infrastructure ...
Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme
The Desert to Power initiative intends to turn the Sahel region into a renewable powerhouse, harnessing its solar potential to create the world’s largest solar zone
ABIDJAN, Ivory Coast, December 22, 2020/ -- The Board of Directors of the African Development Bank (https://www.AfDB.org/) approved on Wednesday a Desert-to-Power (D2P) technical support program that will advance the rollout of solar generation in G5 Sahel countries, where 60 million people lack access to electricity.
The technical assistance, in the form of a $5 million grant from the Sustainable Energy Fund for Africa (SEFA), has three main components: (i) technical studies for the i...
The funds, from the African Development Fund (ADF) Transition Support Facility, will provide additional funding and operational flexibility
ABIDJAN, Ivory Coast, December 22, 2020/ -- The Boards of Directors of the African Development Bank (www.AfDB.org) and the African Development Fund (ADF) have approved a grant of UA 16 million to the African Legal Support Facility (ALSF) to strengthen legal expertise and negotiating capacities of transition states in Africa.
The funds, from the ADF’s Transition Support Facility, will provide additional funding and operational flexibility through which the Bank can assist eligible Regional Members Countries (RMCs) facing issues of fragility to build resilience. The Targeted Support Window (Pillar III) through which the funds will be ...
The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility
ABIDJAN, Ivory Coast, December 21, 2020
The African Development Bank (www.AfDB.org) and the Intergovernmental Authority on Development (IGAD) (https://bit.ly/3nDsT4E), a regional organization of Horn of Africa countries, held a webinar to discuss the pressures affecting water security in the Greater Horn of Africa and how the Bank can support regional member countries to better respond to growing water stress.
The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility. The event was underpinned by several studies indicating that pressures o...
The Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations
ABIDJAN, Ivory Coast, December 20, 2020/ -- The 2021 Borrowing Program of the African Development Bank (www.AfDB.org) has been approved by the Board of Directors for up to $10.4 billion to be raised from capital markets. This program will allow the Bank to raise funds in the debt capital markets in order to help finance the Bank’s projects and programs in Africa. The approval was made on December 11, 2020.
The African Development Bank is active in various international capital markets including the US dollar, Euro, Australian dollar and Pound sterling. The Bank will continue to promote...
Gauthier, a Belgian citizen, is a seasoned professional in international negotiations and relations with various stakeholders
ABIDJAN, Ivory Coast, December 16, 2020
The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Mr. Gauthier Boulard as Director and Special Advisor in the Office of the President, effective 1 January 2021.
In his new role, Gauthier will support President of the African Development Bank Group Akinwumi Adesina, to strengthen partnerships and engagements with multilateral development banks, international institutions and global initiatives to coordinate international financing for development. He will also support the President in outreach efforts to strengthen relations and engagements with non-regional m...
Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division
ABIDJAN, Ivory Coast, December 17, 2020/ -- The African Development Bank (https://www.AfDB.org/) is pleased to announce the appointment of Mr. Simon MIZRAHI as Acting Director, Communication and External Relations Department (PCER), effective 16 December 2020.
The African Development Bank Appoints Mr. Simon Mizrahi, Acting Director, Communication and External Relations (PCER)
Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division. Before joining the African Development Bank, he worked for the Organisation for Economic Cooperation and Development (OECD), based in France, as Senior Policy Adviser, A...
Kampala,Uganda: – Four years since Bancassurance was first introduced in Uganda as part of the amendments to the Financials Institutions Act 2014, experts say the concept is gaining ground and is expected to greatly impact Insurance penetration.
Bancassurance is the selling and distribution of insurance products through banks. Commercial Banks are adopting it because selling insurance products gives them a new and lucrative revenue stream without high new setup costs.
On April 13, 2018, the Insurance Regulatory Authority (IRA) of Uganda granted a License to Housing Finance Bank to start selling insurance policies to its customers and the general public. The IRA Acting Chief Executive Officer, Benerd Obel said during the event at the authority that Housing finance Bank had become...
Kampala,December 2020 – Housing Finance Bank , National Social Security Fund (NSSF) and ABC (Agent Banking Company) have today announced a partnership that enables social security collections through agency banking.
The partnership means that NSSF members will now be able to submit their social security contributions through Housing Finance Bank agents in their neighborhood.
Speaking during the launch, Michael Mugabi, the Housing Finance Bank Managing Director explained that the service will bring convenience to the Fund’s members whilst giving the bank an opportunity to expand the financial services offered through its agency banking platform.
“Given the prevailing circumstance, just like any other business, we have had to be fluid and deliberate in the way we innovate o...