The central bank of Angola will release new banknotes starting July 30, the Chinese news agency Xinhua reported, quoting José de Lima Massano the bank’s governor. According to the official, the new issues will concern notes of 200, 500, 1,000, 2,000, and 5,000 kwanzas. They will be made of polymer, …
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The Board of Directors of the African Development Fund (ADF) on 3 July approved a grant of $165.08 million to support Ethiopia’s response to the health and economic impacts of the COVID-19 pandemic, including helping to ease fiscal pressures on the economy. The grant, awarded from the country’s ADF-15 Performance-Based …
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The World Bank on Wednesday announced that it has created two new vice-presidencies exclusively for Africa to better focus on the sub-Saharan region. In detail, one vice-presidency will cover the western and central parts while the second will focus on the eastern and southern parts. The move aligns with the …
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Zenith Bank Plc, Nigeria’s leading financial institution, has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020. The awards, which was published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks …
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The African Development Bank will launch its African Economic Outlook 2020 Supplement in a live Zoom event from 14.30 to 16.00 (Abidjan time) on Tuesday 7 July 2020. The COVID-19 pandemic has resulted in economic disruptions that have changed the strong growth projections the African Development Bank reported in January in the …
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Shareholders of Ecobank Transnational Incorporated (ETI) have elected Prof. Enase Okonedo and Mr Simon Dornoo as board members of the bank. A statement issued by Adenike Laoye, its Group Head Communication on Wednesday said that the election took place at the company’s 32nd Annual General Meeting (AGM), held in Lagos on …
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African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report revealed. According to the report, illicit financial flows in Africa are estimated at between $50 billion and $80 billion annually; 44% of …
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Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also …
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