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African Development Bank President Adesina urges Canada to be present at Africa’s investment table

Toronto, 19 September 2018 – African Development Bank President, Akinwumi Adesina, on Wednesday urged Canadian business leaders to “be part of the action and seize investment opportunities on the continent.” Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Commerce in Toronto. Promoting the …

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The African Development Bank and FAO target agriculture investments to end hunger and create wealth in Africa

Strategic alliance includes commitment to raise funds to promote food security, sustainable agriculture and rural development Rome, Italy, 27 August 2018  – The African Development Bank and the FAO today agreed to boost joint efforts aimed at catalysing agriculture sector investments in Africa to end hunger and malnutrition and increase …

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Kagame: Stop begging, finance Africa’s development

Africa will stop depending on donors to finance its own development if it tames illicit financial flows, improves taxation and adds value to its raw materials, according to Rwandan President Paul Kagame. He was speaking at the opening of the African Leadership Forum last week. The leader, who is also …

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Financing of the Union: By Africa for Africa

The African Union has adopted a new financing strategy to assure reliable funding for its programmes and make it less dependent on external partners. The African Union (AU) was launched in 2002, succeeding the Organisation of African Unity (OAU, 1963–99), with the aim of driving Africa’s growth and economic development …

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Credit to private sector to grow by 13% in 2018

  Rwanda’s financial sector is expected to increase lending to the private sector with the National Bank of Rwanda predicting a 13 per cent growth (in credit to the private sector) in 2018. According to the Monetary Policy and Financial Stability Statement released yesterday by the central bank, the bank …

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Rwf 2,094.9 billion for 2017/2018 budget

The Minister of Finance and Economic Planning, Ambassador Claver Gatete has presented a draft budget for 2017/2018 showing a significant rise from Rwf 1954.2 billion in 2016/2017 to Rwf 2094.9 billion. Internally generated revenues and loans account for 83% of the total budget; 17% will come from foreign aid. As …

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BK nets Rwf 5.6 billion in 2017 first quarter

Bank of Kigali earned Rwf 5.6 billion net profit in the first quarter of 2017 a 5.8% growth of similar period last year. The bank’s total assets grew to Rwf 661.6 billion. The Chief Finance Officer at BK, Nathalie Mpaka has told the media that BK made a good progress …

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