Tag Archives: loan

IMF Executive Board Concludes 2013 Article IV Consultation with Seychelles

VICTORIA, Mahé, May 15, 2013/African Press Organization (APO)/ On May 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Seychelles. 1

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The AfDB supports economic recovery in Mali with a loan of more than 30 billion CFA francs

TUNIS, Tunisia, May 8, 2013/African Press Organization (APO)/ The African Development Bank Group (AfDB) (http://www.afdb.org) approved on Wednesday, May 8 in Tunis, a loan of 30 billion CFA francs to the Republic of Mali. This amount will be drawn from the resources of the African Development Fund (ADF), the Bank’s concessional window, to finance an Emergency Economic Recovery Support Programme (EERSP).

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IFC Support for Country Bird’s Expansion Encourages Agribusiness, Employment in Southern Africa

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit http://www.ifc.org.

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ASANTE GOLD CORPORATION: ADVANCE NOTICE POLICY, ROYALTY ACQUISITION UPDATE AND WORKING CAPITAL LOAN AGREEMENT

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Stanbic IBTC declares N12bn profit on gross earnings of N92bn

Stanbic IBTC Holdings, a member of Standard Bank Group, has declared a profit before tax of N11.7 billion for 2012, an increase of 16 percent above the N10.1 billion recorded in the corresponding period of 2011, according to its audited results for the financial year ended December 31, 2012. Similarly, profit after tax rose to N10.2 billion, translating to an increase of 53 percent over the prior year’s N6.6 billion.

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IMF Executive Board Concludes 2012 Article IV Consultation with Cape Verde

PRAIA, Cape Verde, April 24, 2013/African Press Organization (APO)/ On March 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Cape Verde.1

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Sustainable Energy for All: Sector Results Profile

World Bank Group financing for power generation, transmission and distribution, and energy policy and regulatory reform has helped expand access to millions of households in over 60 countries. Bank Group financing, combined with advisory and analytical services, knowledge products, as well as policy support, has also helped launch and scale up renewable energy generation and energy efficiency at national, sub-national and municipal levels. During 2002-11, the Bank supported projects for the construction and rehabilitation of about 115,000 kilometers of transmission and distribution lines and about 19,000 megawatts of generation capacity to improve access to reliable energy.

Off-grid solar power is lighting up gers and herders' lives across the vast steppes of Mongolia. Seventy percent of Mongolia’s herders now have access to electricity.

Challenge

More than 1.2 billion people—about 17 percent of the world’s population—are without access to electricity, most of them concentrated in about a dozen countries in Africa and Asia. Another 2.8 billion rely on wood, charcoal, dung and coal for cooking and heating, which results in over four million premature deaths a year due to indoor air pollution. Shortages in power supplies, and their unreliable and poor quality, due to underinvestment, are also major challenges facing developing countries.

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Standard Bank Group wins EMEA Finance awards in 2013 for landmark deals

Standard Bank Group has walked away with 11 acccolades at the 2013 EMEA Finance Achievements Awards, including being named best merger and acquisition house, best securitisation house and best syndicated loan house in Africa.

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IMF Executive Board Concludes 2012 Article IV Consultation with Equatorial Guinea

MALABO, Equatorial Guinea, March 29, 2013/African Press Organization (APO)/ On January 11, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the 2012 Article IV consultation with Equatorial Guinea.1

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IMF Executive Board Completes First Review Under ECF Arrangement for Niger and Approves US$16.9 Million Disbursement

NIAMEY, Niger, March 29, 2013/African Press Organization (APO)/ The Executive Board of the International Monetary Fund (IMF) today completed the first

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Standard Bank South Africa’s affordable housing loan book reaches R14bn in 2012

Standard Bank South Africa’s home loan book for the affordable housing market grew by 30% to R14-billion in 2012 as South Africa’s largest residential mortgate lender continued to attract first-time homebuyers in this segment.

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AfDB Approves US $73 Million for Irrigation and Road Projects in Malawi

LILONGWE, Malawi, March 14, 2013/African Press Organization (APO)/ The African Development Bank (AfDB) Group (http://www.afdb.org) approved, on March 13, 2013, grants and loans amounting to US $73 million to finance irrigation and road rehabilitation projects in Malawi.

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SA: Education group, CTI, advances learning

CTI is the first to offer free tablet computers for study – the group says.

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AfDB Approves US $300-Million Loan to Nigeria

 

ABIDJAN, Côte d’Ivoire, February 28, 2013/African Press Organization (APO)/ The Board of Directors of the African Development Bank Group (http://www.afdb.org) approved Wednesday in Abidjan, Côte d’Ivoire, a loan of US $300 million to finance the Transport Sector and Economic Governance Reform Program and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.

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AfDB Approves a US $200-million Facility to Reinforce Ecobank’s Trade Finance Capacities

Ecobank Transnational Incorporated is registered and headquartered in Lomé, Togo, as a pan-African bank holding company. It has presence in 32 African countries, and is represented in France through its affiliate, EBI S.A. Ecobank has representative offices in Beijing, China, Dubai, United Arab Emirates and the UK. Its shares are listed on the Ghana, Nigeria and BRVM (UEMOA) Stock Exchanges. ETI has 18,321 employees and 1,200 branches and offices.

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Lopatka: “Mozambique is booming – great opportunities for Austria’s economy” / State Secretary sees new perspectives for closer cooperation with the ADC focus nation

VIENNA, Austria, February 25, 2013/African Press Organization (APO)/ “Mozambique is a future market for Austrian companies in Africa”, State Secretary Reinhold Lopatka stated in his speech at the Mozambique Trade and Investment Forum of the Austrian Foreign Trade Office. An economic delegation headed by the Mozambique Minister of Industry and Trade Armando Inroga met with representatives of numerous Austrian companies at the Austrian Economic Chamber to discuss opportunities for joint projects.

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Zimbabwe’s Central Bank investigation opens a can of worms

 

An investigation conducted by the Reserve Bank of Zimbabwe (RBZ) into operations of the country’s Micro-Finance Institutions (MFIs) and money-lending institutions has exposed a plethora of illegal activities by the institutions impacting on the country’s economic development.

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