Daily Archives: June 8, 2013
AfDB signs a USD 100 million Risk Participation Agreement with Commerzbank AG to support Trade Finance in Africa
TUNIS, Tunisia, June, 2013/African Press Organization (APO)/ – The African Development Bank (AfDB) (http://www.afdb.org) formally signed on May 29th in Marrakech, Morocco, in the prelude of the 48th AfDB Annual Meetings, a USD 100 million unfunded Risk Participation Agreement (RPA) with Commerzbank AG under which the two banks will share the default risk on a portfolio of eligible trade transactions originated by African issuing banks in Africa and confirmed by Commerzbank AG. This facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. It will foster financial sector development, regional integration, and increase government revenue generation ultimately improving Africa’s sustainable economic growth.
Targeting unemployed youth – both graduates and those without qualifications.
The bizarre implementation of the Amendment Act, with the Amendment Bill just around the corner.
‘The average investor underperforms the average investment.’
Over the past 20 years, no group has endured greater pain and humiliation within organisations than mid-level managers or MLMs. This has come from line managers all the way up to the men and women working just two levels below the CEO.
The recent spat between Kigali and Dar es Salaam, coming at a delicate time for the Great Lakes region in general, is one the region cannot hope will resolve itself.
Over the past two months, the situation at the Kenya Petroleum Refineries Ltd refinery has been growing worse by the day, threatening Kenya and its neighbours who rely on the facility with a possible oil supply crisis.
I am such an idiot. These were the last thought of skydiver Liam Dunne as he hurtled through the sky over in New Zealand when his parachute refused to open.
Our MPs want more loot again,
So have voted themselves more pay.
Recent remarks President Jakaya Kikwete of Tanzania at the African Union summit in Addis Ababa, Ethiopia, that Rwanda should negotiate with the genocide-linked rebels FDLR, who are also listed by the US as a terrorist group, was shocking.