Banking & Finance

US$93bn needed to improve infrastructure

A new report from the World Bank and African partners, Africa's Infrastructure: A Time for Transformation, highlights the findings of a 24-country study and urges increased investment in four critical areas: energy, transport, water, and information and communications technology.

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Financing for Uganda’s farmers

Stanbic Bank Uganda has teamed up with the Alliance for a Green Revolution in Africa and Kilimo Trust to create a US$25mn fund for smallholder farmers and agricultural businesses previously considered too risky for lending.

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Millions for key developmental project in Burkina Faso

Abu Dhabi Fund for Development (ADFD) has signed an agreement to provide AED36.73mn (US$10mn) as a concessionary loan to Burkina Faso's government.

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Moving into mobile financial services

The world's biggest handset manufacturer Nokia has teamed with Obopay to launch a mobile financial management and payments service targeted at unbanked people in developing countries.

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Investment in agriculture

The Food and Agriculture Organization and the Islamic Development Bank have reached a $1bn agreement to fund agricultural development.

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  1. The power of mobile money

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