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Ghana: July APR increases to 26.6 %

The Bank of Ghana (BoG) has announced an Annual Percentage Rates (APR) of 26.6 per cent for the month of July 2017. The industry average base rate as at July 31, 2017 was 26.6 per cent, showing an increase of 0.3 per cent, when compared to the rate at the ...

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Akinwumi Adesina wins 2017 World Food Prize

  “Throughhis roles over the past two decades with the Rockefeller Foundation, at the Alliance for a Green Revolution in Africa (AGRA), and as Minister of Agriculture of Nigeria, Dr. Adesina has been at the forefront of galvanizing political will to transform African agriculture through initiatives to: expand agricultural production, ...

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DHL Express lauds employees as cornerstone of success

Paul Clegg, Vice President, Human Resources, DHL Express Sub Saharan Africa           In a network business like DHL Express (www.dpDHL.com), it is imperative that a culture of motivation is inculcated among employees so they will deliver superior service to our customers. The annual DHL Employee Appreciation ...

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AfDB Names Vanessa Moungar as Director for Gend

The African Development Bank is pleased to announce the appointment of Vanessa Moungar as Director of Gender, Women and Civil Society with effect from 1st July 2017. A citizen of Chad and France, Moungar brings along diverse experience from the public and private sectors, as well as an extensive global ...

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AfDB approves US$ 15 million equity investment in Shore Capital Fund to support inclusive growth in Africa

    The Board of Directors of the African Development Bank (AfDB) has approved a US$ 15 million investment in Shore Capital Fund III, a multinational Private Equity Fund which promotes financial inclusion by supporting financial institutions serving Africa’s low income and emerging middle-class communities. With a target capitalization of ...

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Ghana: Inflation rate dropped by 13% to 12.6%

Ghana’s inflation dropped to 12.6 percent in May 2017. This is 0.4 percent down from the 13 percent recorded in April 2017. The inflation measures the change over time in the general price level of goods and services that households acquire for the purposes of consumption. The Acting Government Statistician, ...

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20 million Africans benefit from transport, ICT projects financed by AfDB in 2016

  June 13, 2017/AfDB Transport and information and communication technology (ICT) projects financed by the African Development Bank (AfDB) in 2016 would have a positive impact on the living conditions of close to 20 million Africans over the next few years. The AfDB made this forecast in the Annual Report ...

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G20, African countries explore opportunities to increase investments in Africa at Berlin conference

The President of the African Development Bank, Akinwumi Adesina, joined leaders from African countries and G20 members in Berlin on Monday to discuss opportunities to enhance the business environment and increase investment in Africa. A common refrain on the opening day of the two-day conference – “G20 Africa Partnership – ...

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Gaddafi’s son ‘freed’ in Libya

  Saif al-Islam Gaddafi, second son of the late deposed Libyan leader Col Muammar Gaddafi, is said to have been freed under an amnesty, in a move which could fuel further instability. His father’s preferred successor, he had been held by a militia in the town of Zintan for the ...

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AfDB to work with African Central Banks to increase national savings

AgDB logo The African Development Bank (AfDB) and the Governors of Central Banks in Africa have resolved to strengthen cooperation on a range of issues to curb illegal financial outflows, bolster measures to improve tax collection and exchange information to improve monitoring of domestic financial markets. The AfDB has also ...

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