Tag Archives: loans

Lopatka: “Africa wants closer cooperation with Austria” / State Secretary sets initiatives for economic cooperation and educational projects

VIENNA, Austria, May 14, 2013/African Press Organization (APO)/ Opportunities for deepening political and economic ties to the African continent were the focus in a meeting of Austrian State Secretary Reinhold Lopatka with 25 ambassadors from African states. The Austrian Development Agency (ADA), the Austrian Development Bank and the Austrian Ministry of Finance (soft loans) are the partners in the Africa initiative, which the Federal Ministry for European and International Affairs has started with the support of the Federal Economic Chamber (WKÖ) and the City of Vienna. The African ambassadors showed great interest in stronger economic cooperation with Austria, including tourism projects and accessing Austrian know-how.
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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. read more

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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 read more

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A piece by Donald Kaberuka, President of the African Development Bank, to set the scene for the BRICS summit in Durban on 26-27 March

A Win-Win in Infrastructure – The Durban BRICS Summit
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ZENITH BANK SHINES DESPITE COUNTRY ‘GRAPPLING WITH BAD DEBTS’

Zenith Bank (Gambia) Limited, a subsidiary of Zenith Bank PLC., West Africa’s biggest and most profitable bank has recorded outstanding results in all indices of financial standing, for its third year of operations in the country, as confirmed in its 2012 audited annual report. read more

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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. read more

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Human Trafficking and the Human Rights Agenda Against Eritrea (Part 1)

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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. read more

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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. read more

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IMF Executive Board Concludes 2012 Article IV Consultation with Mali

BAMAKO, Mali, February 11, 2013/African Press Organization (APO)/ On January 28, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mali.1 The Board also approved a disbursement under the Rapid Credit Facility (RCF) during the same meeting (See Press Release No. 13/24). read more

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“The Ethical Water Exchange is THE platform to transform wastewater into a clean tradable resource: treated wastewater.”

Exclusive interview with Valérie Issumo, Founder, Prana Sustainable Water, Switzerland.  She will address the Water track at African Utility Week on: “Ethical water exchange – the monetary value of recycled wastewater”. read more

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Survey Provides Statistics On Equatorial Guinean Households

Government obtains data needed for planning social projects. read more

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Human Rights Watch: On a Dogged Mission of Defamation

Once again, Human Rights Watch (HRW) is engrossed in its frantic campaign of defamation.  The organization has just distributed, through the electronic media, a document that targets Eritrea as a “systemic violator of human rights”.  The core areas of its unfounded accusations are Eritrea’s National Service and the country’s nascent mining sector.  To this end, HRW unabashedly equates Eritrea’s National Service with “forced labour”, which, in its view, “qualifies Eritrea as a violator of human rights”. read more

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First Grain Warehouse Receipts Issued in Ghana

Both Producers and Consumers to Benefit

TAMALE, Ghana, Jan. 9, 2013 /PRNewswire-USNewswire/ — Getting a loan, storing crops, earning more from sales—all are about to become a little easier for Ghanaian grain farmers and traders with the recent issuance of the first grain warehouse receipts. This auspicious event took place in December in Tamale, in northern Ghana, a relatively poor area that is the focus of development efforts. The receipts are a record of deposit that can be accepted as collateral by banks and nonbank financial institutions. read more

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