China’s Central Bank adds liquidity via reverse repos
Beijing, Nov. 3, 2023: China’s Central Bank conducted 43 billion Yuan (about 5.99 billion U.S. dollars) of seven-day reverse repos...
Foreign
Chinese Yuan weakens to 7. 1797 against dollar
Beijing, Nov. 3, 2023: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 19 pips to...
AfDB approves new loan to finance construction of Namibia’s railway
Windhoek, Nov. 2, 2023: African Development Bank (AfDB) on Wednesday approved 196.43 million dollars loan for Namibia to implement the...
IFC gives $2.9bn to East African green economy businesses
The International Finance Corporation (IFC) has given Kenya, Tanzania and the Democratic Republic of Congo (DRC) businesses $2.9 billion in...
Tinubu seeks German chancellor’s support to combat terrorism
Abuja, 30, 2023: President Bola Tinubu, on Sunday solicited the support of German Chancellor, Olaf Scholz, in combating terrorism in...
AfDB invests $4bn in Nigeria
Abuja, Oct. 29, 2023: The African Development Bank(AfDB) says its portfolio in Nigeria is one of the largest among the...
AfDB, partners vote $1bn to fund Nigeria’s SAPZs
Abuja, Oct. 29, 2023: African Development Bank (AfDB), Islamic Development Bank (IDB) and the International Fund for Agricultural Development have...
AfDB loans to Kenya hit $3.95bn
African Development Bank’s (AfDB) loans to Kenya have grown 37.2 percent in the last five years to cross the half-a-trillion...
Asia Development Bank calls for prioritising MSME development to sustain growth
Manila, Oct. 25, 2023: Promoting post-pandemic recovery in Asia and the Pacific needed, to prioritise the development of micro, small,...
AfDB invests $2bn in ICT projects in Africa
Abuja, Oct. 25, 2023 : The African Development Bank (AfDB), said it invested about two billion dollars in 40 innovation...
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