Wednesday, February 21, 2018

AfDB votes for president to guide bank through changing climate

Insiders said member states are divided on whether the AfDB should further concentrate its focus on attracting private financing to large-scale infrastructure projects or...

Nigeria’s Akinwumi Adesina Elected as African Development Bank President

Akinwumi Adesina, who served as Nigeria’s agriculture minister in the outgoing government of Jonathan Goodluck, has been elected as the new president of theAfrican...

eDahab adds Somaliland Shilling to its mobile wallet features

True to the management’s word,  Dahabshiil Group’s eDahab mobile money transfer  wing  added and put to the test additional features permitting the subscriber to...

An integrated Africa will require effective cross-border payment solutions

Over the last five years, Africa’s geographic regions have made integration a priority, and most have recorded successes already—East Africa being the most glaring...

Moneygram hit with largest fine in Austrac’s history

The Australian Transaction Reports and Analysis Centre has levied its largest ever fine on one of the world's biggest remittance network providers, as a...

Big Banks Plead Guilty To Market Manipulation, Will Pay $5.8 Billion

The age of multibillion-dollar bank fines with no admission of wrongdoing is over. The Justice Department announced Wednesday morning that five banks pleaded guilty...

Banks Rule the World, but Who Rules the Banks?

These days, it is already a truism that the hegemony of the US is based on the Federal Reserve System’s (FRS) printing press. It...

Migration and Development: The $100 billion idea

Later this year the Financing for Development summit will take place in Addis Ababa. The discussion will focus on the post-2015 agenda and the...

Banking Africa’s Unbanked – Time For A Reality Check

Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is...

Vacancies: African Development Bank Group – Nigeria

There is an ongoing recruitment into different positions at the African Development Bank Group (AfDB). The African Development Bank Group is a multilateral development...

Latest article

Overcome Recurring Droughts, Not Postpone Them in Northeastern Horn of Africa – de Clercq

The head of United Nations humanitarian efforts in Somalia today underlined the importance of improving communities’ resilience to better withstand the effects of recurring...

ROS-DP World Further Cement Ties, Mutual Interest

The meeting between the President of the Republic of Somaliland and Head of DP World reiterates shared views on development H.E President Muse Bihi Abdi,...

Somalia: A Sheikh Linked With Being Member of Al Shabaab Charged

A Sheikh accused of being a member of Al Shabaab and radicalizing Kenyan youths has been charged with 10 counts of terrorism. Guyo Gorsa allegedly...