Day: November 28, 2023

Uganda To Borrow Ksh.23 Billion From China After World Bank Halts Funding

Mr Mohammed

Uganda is preparing to borrow $150 million (Ksh.23 billion) from China’s Export-Import Bank (Exim) to help expand its internet infrastructure, the finance ministry said on Monday.The move underscores the East African country’s increasing reliance for credit on Chinese lenders after the World Bank halted all new lending to Uganda earlier this year in protest at a new anti-homosexuality law. A junior finance minister and the minister for information asked lawmakers on Monday to authorise the debt, the finance ministry wrote on X, the social media platform. The money, the ministry…

United States (U.S.) and African Development Bank Collaborate to Accelerate Africa’s Digital Transformation

Mr Mohammed

CAPE TOWN, South Africa, November 28, 2023/ — The U.S. Commercial Service and the African Development Bank (www.AfDB.org) have announced a new strategic collaboration in a move to drive digital transformation across Africa. Unveiled on the sidelines of the Africa Tech Festival held in Cape Town, South Africa, this collaboration paves the way for a series of dialogues on how U.S. digital innovation can support development goals across Africa. The discussions will focus on key themes such as embracing new technologies, improving internet access, enhancing skills, and creating a regulatory environment conducive…

About Promoting a Just Circular and Blue Economy Transition in Africa

Mr Mohammed

Mohammed A. Abu The Chief Executive Officer(CEO) of South Africa based Sustainable Seas Trust(SST), Janine Osborne has declared that, her organization’s work will focus on strengthening existing multi-lateral partnerships (specifically with the Abidjan and Nairobi conventions, and WIOMSA) to promote a just transition for Africa to a circular and blue economy through supporting its African partners’ response to the incipient global plastics treaty. “While securing multiple funding sources beyond this generous grant remains a priority, SST is truly grateful to the Norwegian government for their continued partnership and support of…

Islamic Development Bank Institute Joins Forces with Nigerian Exchange Limited to Boost Islamic Capital Markets in Nigeria

Mr Mohammed

LAGOS, Nigeria, November 28, 2023/ — The Islamic Development Bank Institute (IsDB Institute) (https://IsDBInstitute.org) joined forces with the Nigerian Exchange Limited (NGX) to deliver an influential Islamic capital markets capacity-building workshop in Lagos, Nigeria. Organized under the theme “Economic Growth and Business Development Opportunities through the Islamic Capital Markets”, the workshop aimed to contribute to deepening the Nigerian capital markets through the listings and issuances of Islamic financial instruments. The workshop was held on 21 November 2023 and attracted 90 participants from across the Nigerian economic and financial sector. These…