SECURING SUSTAINABLE, QUALITY, AND INNOVATIVE INFRASTRUCTURE SOLUTIONS BY AFRICANS, FOR AFRICA

Posted on 11 May 2021 by Gambeta News

11 May 2021. With the aim of connecting and promoting the consulting engineering profession across the African continent, the 27th annual FIDIC Africa Infrastructure Conference takes place online this month. “With a purely virtual event this year, we are confident that our reach and impact will exceed previous years’ conferences,” says Engineer Kabelo Motswagole, President of FIDIC Africa. “The conference will bring together consulting engineers, financial institutions and investment bodies, thought leaders, and government ministries…

MAKHTAR DIOP BECOMES FIRST AFRICAN NATIONAL TO LEAD THE INTERNATIONAL FINANCE CORPORATION

Posted on 18 February 202118 February 2021 by Gambeta News

WASHINGTON, February 18, 2021—World Bank Group President David Malpass today announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation (IFC), an arm of the World Bank Group that advances economic development and improves the lives of people by encouraging growth of the private sector in developing countries. “Makhtar Diop has deep development and finance experience and a career of energetic leadership and service to developing countries…

DEVELOPMENT BANKS JOIN FUNDS FOR NAMIBIA INFRASTRUCTURE PROGRESS

Posted on 5 August 2019 by Gambeta News

Will the new partnership help Namibia resolve its infrastructural problem or will lack of private capital unavailability stop them. Infrastructure development is a key driver for progress across any developing nation. This is why the Development Bank of Namibia (DBN) and Development Bank of South Africa (DBSA) is combing to make that possible. The plan is to pledged N$8 billion in finances for infrastructure requirements in Namibia. According to the announcement, the funds will be…

SOMALIA TO RECEIVE €1 MILLION EUROS FOR INFRASTRUCTURE DEVELOPMENT

Posted on 21 March 2019 by Gambeta News

somalia receive funds for infrastructure development

Italian government issues €1 million euros for Somalia infrastructure development. Somalia government is set to receive funds which will help grow the country Infrastructure. This is after Italian government signed a deal with African Development Bank (AfDB) Multi-Partner Somalia Infrastructure Fund. The fund is worth €1 million euros. Somalia is one of those Africa countries that has suffered a lot especially in the infrastructure sector. This is due to terrorist attack on the nation that has destroyed so…

ZIMBABWE TO GET INFRASTRUCTURE TIPS FROM INDIA EXIM BANK

Posted on 7 March 2019 by Gambeta News

India exim bank to promote zimbabwe infrastructure

Exim Bank of India set to promote Zimbabwe Infrastructure. India Exim Bank is making plans to share its infrastructure ideas with Zimbabwe. This is after the bank announced its plans to visit the nation with the aim to promote their export goods. The bank role will be to coordinate and act as a facilitator towards promoting project export. According to report from African Development Bank (AfDB), Zimbabwe needs over US$30 billion to revamp its aging and dilapidated…

STERLING BANK SIGNS US$65 billion LOAN DEAL WITH BADEA

Posted on 21 February 2019 by Gambeta News

Sterling Bank and The Arab Bank for Economic Development in Africa (BADEA) signs US$65 billion deal Nigerian Bank, Sterling Bank have signed a deal to receive a US$65 billion loan facility from The Arab Bank for Economic Development in Africa (BADEA). According to Sterling Bank’s Executive Director, Corporate & Investment Banking Mr. Yemi Odubiyi, the US$65 billion loan will come in two batches, US$15bn and US$50bn. Firstly, the US$15bn will be for financing private sector projects through on-lending to customers; while…

BDEAC PLANS TO FINANCE DEVELOPMENT PROJECTS IN D.R CONGO

Posted on 5 February 20195 February 2019 by Gambeta News

BDEAC plans to finance development projects in DR Congo. Plans are underway by the Development Bank of the Central African States (BDEAC) to finance projects in Democratic Republic of the Congo. This is the first time that BDEAC is financing any project in the nation. The bank is prioritizing the agricultural, tourism, industrial, health, training and also the infrastructure sectors. On 31st January, delegates from the sub-regional financial institution presented a report to the Congolese Minister of…

UGANDA PRESIDENT MEETS COMMONWEALTH DELEGATES OVER INFRASTRUCTURAL DEVELOPMENT

Posted on 30 January 201930 January 2019 by Gambeta News

President Museveni plans for more infrastructural development in Uganda especially in electricity after meeting with CDC delegates. Infrastructural development in Uganda is part of President Yoweri Museveni plans. In African nations, infrastructural development is the way forward. This is why Uganda President held a meeting with Commonwealth Development Corporation (CDC) delegation. The focus of the meeting was on the different ways to develop the nation’s infrastructure especially in the electricity sector. It aimed at increasing the electricity…

Battle for influence in African infrastructure lending

Posted on 5 December 20185 December 2018 by Gambeta News

China and United States to battle for influence in African infrastructure lending New research from global law firm Baker McKenzie with data provider IJGlobal shows that development finance lending from state-backed institutions is the most important component of infrastructure funding in sub-Saharan Africa. The battle for influence on the continent between Development Finance Institutions (DFIs) and Export Credit Agencies (ECAs) from China and the United States is set to heat up over the next decade…

AFRICAN NATIONS TO GET US$40M FROM AFDB FOR INFRASTRUCTURE DEVELOPMENT

Posted on 19 November 201819 November 2018 by Gambeta News

AFDB plans to release US$40m under the Africa Infrastructure Investment Fund (AIIF) to its Regional offices in Africa. Developing Africa infrastructure is vital if the continent wants to reach the peak of its development. This is why Africa Development Bank (AFDB) is spurring sustainable development and social progress in the continent. In a bid to achieving their set mission, the Bank has set a new lifeline for infrastructure funding in the continent. Meanwhile, this new lifeline…

CHAD TO RECEIVE US$125m SUPPORT FROM WORLD BANK

Posted on 31 October 2018 by Gambeta News

Chad to get US$125 million developmental support from World Bank To help support developmental projects in the Chad; World Bank have announced a US$125 million support for the Central African country. Acoording the the Bank, the support will two frameworks. The signatories for the support agreement were Chadian minister of economy, Issa Doubragne on behalf of the government and World Bank resident representative, François Nankobogo. The World Bank support will also provide budget support to…

Relationship Manager At United Bank For Africa Plc (UBA)

Posted on 31 July 2018 by Gambeta News

United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria, UBA has grown to become a Pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally. Relationship Manager Reference #: UBA_EMDO_RM Location: Lagos Island, Lagos Job…

AfDB AWARDS BEST AFRICAN FINANCE MINISTER TO GHANA

Posted on 24 May 2018 by Gambeta News

African Finance Minister of the year 2018

Ghana Finance Minister receives African Finance Minister of the year award. At the annual meeting of the African Development Bank (AfDB) in Busan, South Korea, Ghana’s Finance Minister, Ken Ofori-Atta was named African Finance Minister of the year. This award is in recognition of the recent positive performance of Ghana’s macro-economy under the watch of Mr. Ken Ofori-Atta. Also recognizing him as Africa’s most results-oriented Finance Minister, Ken Ofori-Atta boosted confidence and optimism in Ghana’s economy. Exhibiting prudent economic management…

Treasurer Recruitment At United Bank For Africa Plc (UBA)

Posted on 23 May 2018 by Gambeta News

United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria, UBA has grown to become a Pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally. Treasurer Reference No: TRN001 Location: Lagos Island, Nigeria Job Functions: Analytics,Banking Industries:…

AFREXIMBANK TO BOOST AFRICA’S AVIATION INFRASTRUCTURE

Posted on 18 April 201818 April 2018 by Gambeta News

Afreximbank pledges to support Africa’s Aviation sector The African Export-Import Bank (Afreximbank) in partnership with the Russian Export Center (REC), embarked on a five-day roadshow. The road show took place in Nairobi, Kenya, through Kampala, Lagos, Abuja and Bamako. This event is part of efforts of the organizing bodies to improve the air transport infrastructure in Africa. Its intent is also to raise the profile of cutting-edge Russian aircraft and helicopters in Africa. The roadshow’s purpose is to…

AFREXIMBANK TO FUND AVIATION IN AFRICA

Posted on 10 April 2018 by Gambeta News

Pan-African bank Afreximbank set aside US$20bn to support Aviation in Africa African Export-Import Bank (Afreximbank) yesterday unveiled a special credit facility for airlines and governments seeking funds to buy Russian-made commercial aircraft. Global head of client relations for the bank, Rene Awambeng said it struck a deal with Russian Export Sector (REC). The deal is to help fund African-based operators to make the purchases. Afreximbank have provided US$20bn to support African airlines including national flag carrier Kenya Airways. The…

WEMA BANK SECURES US$35m CREDIT TO FUND SMEs

Posted on 28 March 2018 by Gambeta News

Wema Bank gets US$35m Line of Credit to support SMEs. Wema Bank Plc have secured a line of credit (LOC) from international lenders. The LOC is specifically to grow financial support for small and medium scale enterprises (SMEs) in Nigeria. The bank received US$15 million and US$20 million from African Development Bank (AfDB) and Islamic Corporation for the Development of the Private Sector (ICD) respectively. Wema Bank pioneered Africa’s first fully digital bank ALAT. According to its Managing Director,…

EU BANK SIGNS US$25m SOLAR PROJECT FOR AFRICA

Posted on 27 March 2018 by Gambeta News

European Investment Bank (EIB–the EU bank) unveils US$25m Solar System Project For Africa The European Investment Bank (EIB) have signed a financing agreement for the installation of solar systems in some African countries. The agreement is between EIB and d.light design inc. d.light is a global leader in solar-powered solutions for people without access to reliable electricity. The solar system will strengthen access to energy in Nigeria and four other African countries and will worth US$25 million. According…

Head, Internal Communications At United Bank For Africa Plc (UBA)

Posted on 13 March 2018 by Gambeta News

United Bank for Africa Plc (UBA) is one of Africa’s leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria, UBA has grown to become a Pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally. Head, Internal Communications Reference No: MCC0012018 Location: Lagos Island, Lagos Contract…

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