Finance
US to increase annual aid to Zambia by US$100 million
The United States has said it will increase its bilateral assistance to Zambia in 2013 from US$400 million per annum to $500 million per annum
Reforms see UK release aid to Malawi
The UK has responded to the recent economic reforms initiated by Malawian president, Joyce Banda, by releasing US$51 million of aid to the country
IFC and AfDB sign pact to expand local currency finance
International Finance Corporation (IFC) and African Development Bank (AfDB) have signed an agreement to enter into cross-currency swap transactions
Ecobank wins top African bank accolade
Ecobank Transnational Incorporated (ETI) has been named ‘African Bank of the Year’ at the African Banker Awards