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AfDB Annual Meetings: Adesina’s Assessment and Farewell

At the 2025 Annual Meetings of the African Development Bank (AfDB), held from May 26 to 30 in Abidjan, Akinwumi Adesina presented his assessment at the

AfDB – Standard Bank: Partnership to support SMEs

Supporting small and medium-sized enterprises (SMEs) has become a crucial issue for economic development in Africa. In this context, the African Development Bank (AfDB) and Standard

Bank Surpluses in 2024: 1.6 trillion USD in Reserve

In 2024, the global banking sector records a surplus of USD 1.6 trillion, marking a significant milestone in the post-pandemic economic recovery. Capmad looks at the

Trade in Africa: Bank financing of 50 Million USD

On 4th March 2025, a significant announcement was made regarding a strategic investment of 50 million USD by Ghana International Bank (GIB) and British International Investment

Kenyan banks cut interest rates

Kenya’s banking sector is undergoing a significant transformation, marked by a reduction in interest rates that could have a profound impact on the country’s economy. In

Cyberattack : Uganda’s Central Bank Loses 16 Million USD

An audit reveals that the Bank of Uganda (BoU) transferred a colossal sum of 16.2 million USD to suspicious accounts in Japan. Uganda’s Auditor General points

AfDB : Priorities of the 2024-2033 Decennial Strategy

The African Development Bank (AfDB) unveils its 2024-2033 decennial strategy during the annual meetings in Nairobi in May 2024. Focused on the continent’s critical needs, this

Central Bank of Nigeria Raises Borrowing Rate to 27.50 %

The Central Bank of Nigeria (CBN) raised its interest rate to 27.5% during its last meeting of the year, following a significant surge in inflation in

Gulf banks invest heavily in Egypt

According to Fitch, numerous banks from the GCC are seeking to acquire Egyptian banks, driven by the relatively high growth rates available in Egypt compared to their domestic

Nigeria to host headquarters of the African Energy Bank

Nigeria will host the headquarters of the African Energy Bank, marking a significant milestone for the continent’s energy sector by financing oil and gas projects across

Customer satisfaction : Best banks in Côte d’Ivoire

The best banks in Côte d’Ivoire in terms of customer satisfaction reveal varied performances. In May 2024, data from SagaBrand show which financial institutions stand out

French banks withdraw from Africa : Opportunities for local banks

Fitch Solutions, an international rating agency, believes the withdrawal of French banks from Africa will create opportunities for local banks. This move, they say, could spur