Month: March 2024

[[{"value":"The African Development Bank (https://www.AfDB.org/) signed a loan agreement of EUR 100 million with the Fonds d’équipement communal (FEC) in Rabat, on Friday, March 15, to fund new investment and sustainable infrastructure projects backed by territorial communities. The aim of the operation is to improve public services, particularly in rural areas, and support the emergence of new economic activities, investment opportunities and employment opportunities to help improve living conditions for […]

[[{"value":"The African Development Bank (https://www.AfDB.org/) and NMB Bank Limited Zimbabwe (NMB) have signed a $15 million Trade Finance Transaction Guarantee Facility to unlock trade finance opportunities for Zimbabwean small and medium-sized enterprises and those in agri-business and trade distribution value chains. The signing took place on 7 March at NMB Bank Headquarters in Harare. Moono Mupotola, African Development Bank Country Manager, and Gerald Gore, NMB Bank Chief Executive Officer attended.  […]

[[{"value":"The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) has delivered an Islamic banking capacity-building program for the Ethiopian banking sector. Organized with the theme, “Unlocking the Potential: Practical Insights for Islamic Banking Success”, the training program was held in Addis Ababa, Ethiopia from 4-7 March 2024. Over 35 senior management and board-level officials from several Ethiopian commercial banks participated in the program. The program was formally inaugurated by H.E. Solomon Desta, […]

[[{"value":"The UAE has strongly condemned a terrorist attack that targeted a hotel in Somalia’s capital, Mogadishu, which resulted in a number of deaths and injuries to innocent people.  In a statement, the Ministry of Foreign Affairs (MoFA) affirmed that the UAE expresses its strong condemnation of these criminal acts and its permanent rejection of all forms of violence and terrorism aimed at undermining security and stability in contravention of international […]

[[{"value":"Every Wednesday and Sunday, patients stream into the African Union Transition Mission in Somalia (ATMIS), Level-II hospital in Baidoa, southwest of the Somalia capital, Mogadishu. They are here to take advantage of a weekly free medical camp organised by ATMIS Ethiopia National Defence Forces (ENDF); troops stationed in the Southwest State of Somalia. Among the beneficiaries is Rukia Mohamed Issack, a middle-aged mother who has been nursing a recurrent kidney […]

[[{"value":"President William Ruto has assured Kenyans that the economy has bounced back and the country is set for better times. The President cited the recent strengthening of the Kenya shilling against the dollar and the resolution of the $2 billion Eurobond. Consequently, the price of consumer products such as maize flour and fuel have reduced significantly, clear indications of a stabilising economy. “Our economy was in bad shape and we […]

[[{"value":"“What we need from Europe is capital, not from the government but from the private sector which needs money in the form of profits. It's a win-win formula,” he said. The President made the appeal today while meeting a delegation from Italy led by Ambassador Stefano Gatti, the Director General of the Italian Agency for Development Cooperation at State House Entebbe. President Museveni commended the Prime Minister of Italy, H.E […]

[[{"value":"Today, the United States, through USAID, announced more than $80 million in additional humanitarian assistance to help people affected by the ongoing humanitarian crisis in Ethiopia. USAID Assistant to the Administrator for the Bureau for Humanitarian Assistance Sonali Korde announced the funding during her visit to the country. According to the UN, more than 21 million people are estimated to require humanitarian assistance in Ethiopia in 2024 due to the […]

[[{"value":"South Africa’s President Cyril Ramaphosa will deliver a keynote and open the Sustainable Infrastructure Development Symposium of South Africa (SIDSSA) 2024, taking place on March 17-19 at the Century City Conference Center in Cape Town. Poised to showcase updates and announcements on new international partnerships and joint ventures in South Africa, SIDSSA 2024 is set to gazette opportunities for investing in infrastructure for stakeholders in the region. The symposium will […]