Page 28 - Afdb News Today

Afrika ekonomisinde koronavirüs salgınının etkisiyle 190 milyar dolarlık kayıp yaşandığı iddia edildi.

Togo’s tax earnings on the rise driven by tax governance support project Public finance Monday, 17 May 2021 16:50 (Togo First) - From CFA516.3 billion in 2015, tax earnings in Togo surged 21.29% to 626.2 billion in 2019. The increase was driven by the Tax Governance Support Project (PAGFI), indicates a report of the African Development Bank (AfDB), the project’s main financial backer.  The period corresponds to the first years of operation of the PAGFI. The projec...

Diamond Club West Coast Reelects President RAPAPORT... The Diamond Club West Coast (DCWC), an affiliate of the World Federation of Diamond Bourses (WFDB), has reelected Moshe Salem as its president. Kalpesh Jhaveri and Antranig Ayvazian have been voted in as vice presidents of the Los Angeles-based trade group, which was founded in 1946 and has a membership of about 275 merchants. The DCWC selected Rahul Parikh as treasurer and Va...

Diamantaires Emerge from Crisis with Credit Insights Apr 15, 2021 12:20 AM   By Avi Krawitz RAPAPORT... In the first issue of the Rapaport Research Report, which came out in January 2018, we highlighted the mistrust that existed between the diamond industry and its lenders. Diamantaires argued that the banks had ...

President Muhammadu Buhari has approved the appointment of Dr Oyebode Oyetunde as Executive Director for Nigeria at the African Development Bank (AfDB) in Abidjan, Cote D’Ivoire. Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, made this known in a statement in Abuja on Tuesday. Before the appointment, Oyetunde was Senior Special Assistant to the President on Finance and Fiscal Policy as well as Legal Matters in the Office of the Chief of Staff to Presiden...

The African Development Bank has committed $530m to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions. The finance package, approved in December 2019 by the Board of Directors of the African Development Bank, consists of $480m in financing from the Bank, along with $50m from the Africa Growing Together Fund, a $2bn facility sponsore...

March 17, 2021 The African Development Bank (AfDB) is hoping that the digitalization of economies and companies in response to the coronavirus pandemic will help the continent recover quickly from its associated economic shocks. To this end, the finance institution is looking to establish investment banks to accelerate ventures by the continent’s young, tech savvy innovators. Like much of the world, Covid-19 lockdowns in Africa prompted a migration to online platforms, forcing government empl...

Economic governance Wednesday, 17 March 2021 13:36 (Togo First) - The African Development Bank (AfDB) recently published its 2021 Africa economic outlook report. Titled “From Debt Resolution to Growth: the Road Ahead for Africa,” the 200-page document dives into the issue of debt and assesses the performances of African economies amid the ongoing pandemic.  Togo, according to the report’s authors, should record a rapid economic recovery. They state that as the pa...

A total of 465 million people in Africa could be affected by extreme poverty, one-third of the continent's population, in a setback after two decades of steady reductions

Punch Newspapers Sections Temiloluwa O’Peters The African Development Bank Group has signed a $400,000 grant agreement with the Securities and Exchange Commission of Nigeria to strengthen securities market regulation and broaden market instruments. The bank said in a statement on Friday that the funds would go towards strengthening the risk-based supervision framework, regulation of derivatives and green bonds, and building capacity for green finance. It added that the grant, sourced from the...