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Africa - Banking

 

Africa - Banking / 09-04-25 / Shelly Nxumalo

AfDB President appoints Andrew Mitchell as Senior Advisor

"The Rt. Hon. Andrew Mitchell, former Minister of State for Development and Africa of the United Kingdom, has been a great supporter of Africa and the African Development Bank's work. He will advise and support me on a pro bono basis in our…

Africa - Banking / 02-04-25 / Kwanele Sibanda

Africa Energy Bank gains momentum with capital contributions

In a significant development for Africa's energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank, a milestone that represents 44% of the minimum required funding from African…

Africa - Banking / 27-03-25 / Kwanele Sibanda

Africa Energy Bank gears up for H1 2025 launch

Speaking at the Congo Energy & Investment Forum in Brazzaville, Dr. Omar Farouk Ibrahim, Secretary General of APPO, reaffirmed the launch timeframe and underscored the urgency of establishing the bank to address the continent's energy needs.

Africa - Banking / 26-03-25 / Shelly Nxumalo

Ecobank named Africa's Best Bank for Trade Finance in Global Finance Awards

"We are focussed on delivering a wide range of trade finance solutions and excellent trade services to our clients, leveraging the African Continental Free Trade Area's single market. This is exemplified by our innovative 'Ecobank Single Market…

Africa - Banking / 11-03-25 / Shelly Nxumalo

Tshabalala champions governance reforms to strengthen AfDB's development impact

"Governance is not a secondary concern - it is the foundation of everything we do. Under my leadership, we will ensure that every decision, every project, and every investment is guided by principles of accountability, efficiency, and effectiveness,"…

Africa - Banking / 07-03-25 / Jane Khumalo

Standard Bank grows women-focused programmes, launching in Ghana next

“We’ve disbursed over Ksh 36 billion through DADA in Kenya, supporting more than 1,000 women in their journey to homeownership. Over a third of our female clients there have moved beyond transactional banking, opening business accounts and securing…

Africa - Banking / 06-03-25 / Kwanele Sibanda

KCB Group and Bank of Kigali launch Pan-African Payment and Settlement System

"We want to play a bigger role in catalyzing trade and payments in Africa and beyond, leveraging our digital capabilities and regional footprint. Our entry into PAPSS aligns perfectly with our strategy of supporting economic growth in Kenya…

Africa - Banking / 25-02-25 / Kwanele Sibanda

AfDB partners with Interpol to combat financial crime in Africa

"This partnership demonstrates our commitment to protecting development resources and ensuring they reach their intended beneficiaries. "As the world's most transparent financial institution for two consecutive editions [according to Publish…

Africa - Banking / 19-02-25 / Duty Editor

African ministers hold visa-free movement dialogue to propel regional integration

"We do it for its promise to transform Africa and to create prosperity. In fact, the goals of our new Ten‑Year Strategy (2024–2033) are designed around seizing Africa’s opportunities for a prosperous, inclusive, resilient, and integrated continent,”…

Africa - Banking / 19-02-25 / Duty Editor

AFC and CEXIM sign partnership to drive trade and infrastructure growth across Africa

"Strategic collaborations like this are key to accelerating Africa's industrialisation and with CEXIM's support, we are unlocking opportunities to build more resilient economies, mobilise capital at scale, and drive long-term prosperity across…

Africa - Banking / 11-02-25 / Shelly Nxumalo

AfDB's Climate Action Window channels $31m to boost climate resilience in four countries

"The Climate Action Window is catalyzing transformative solutions in Africa's most climate-vulnerable regions. From strengthening water security in Sierra Leone to advancing youth-led agribusiness in Djibouti and restoring biodiversity in Madagascar,…

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