World Bank Group President Jim Yong Kim has announced a broad strategy to end extreme poverty by 2030, and welcomed emerging players such as the Asian Infrastructure Investment Bank and the New Development Bank, established by the BRICS countries, as potentially strong allies in the economic development of poor countries and emerging markets.
Category: Banking & Finance
Stronger US Dollar Hurting More Countries
The strengthening US dollar has created external pressures in some countries, as reflected in weakened currencies and declining foreign exchange reserves, Moody’s Investors Service says in research published today.
ESICH Life Assurance Gears Up For Growth
ESICH Life Assurance, a leading life assurance company in Ghana, announced that it has successfully implemented AGILIS Life Insurance System from Agile Financial Technologies.
Moody’s Downgrades GCB Bank
Moody’s Investors Service downgraded GCB Bank Limited’s global local-currency long-term deposit ratings to B3 from B2, its foreign-currency deposit ratings to Caa1 from B3, and adjusted downward its baseline credit assessment (BCA) to b3 from b2.
African Central Bank Governors to Meet in Addis Ababa
The Economic Commission for Africa and the African Union Commission will host the second Caucus of African Central Bank Governors, in Addis Ababa, Ethiopia.
Mauritius Commercial Bank Affirms African Expansion
The Mauritius Commercial Bank (MCB) has affirmed its growing African ambitions through its participation as one of the four Diamond Sponsors of the ongoing Africa CEO Forum in Geneva, Switzerland.
Ecobank, JBA Sign Training Support Partnership
Ecobank Ghana Limited, a subsidiary of Ecobank Transnational Incorporated (ETI) has reached a training support partnership with the Journalists for Business Advocacy (JBA) to build the capacity of Ghanaian journalists in the country.
600 Delegates Storm Reuters 4th Trading Africa Summit
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has inaugurated the 4th Trading Africa Summit in Cape Town, South Africa.
AfrAsia Bank Picks 7 Euromoney Awards
The 2015 Euromoney Private Banking Survey has awarded AfrAsia Bank several accolades for private banking services, the most prominent being ‘Best Private Bank in Mauritius 2015’.
ICD Grabs Awards
The Islamic Corporation for the Development of the Private Sector (ICD) has won two awards at the industry-leading Islamic Finance news Deal of the Year Awards for 2014.