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Afreximbank stands tall in trade development and finance – AfDB President

Dr Akinwumi Adesina, President of the African Development Bank (AfDB), said the African Export-Import Bank (Afreximbank) has become a reputable and solid regional development finance institution, meeting significant financing needs in trade development and trade finance in Africa. Afreximbank and the African Development Bank have enjoyed a collaborative and productive …

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German development bank invests $11.3b in developing, emerging countries 

The KfW Development Bank, a German state-run banking group, invested a record 9.7 billion euros ($11.3 billion) in projects in developing and emerging countries last year, up from 8.8 billion euros in 2016. A total of 40 per cent of the new investments went to Africa and the Middle East, …

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Africa Initiative for Governance announces 2018/19 scholarship recipients

Africa Initiative for Governance (AIG) has announced the recipients of the 2018/2019 round of the AIG Scholarships, the organisation’s fully funded scholarship programme for young, outstanding West Africans with a passion for public service.  Commencing 2017, for a period of five years, five scholarships are made available every year by …

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Ghana to host 2018 Africa Regional Development Forum 

Ghana will host the International Telecommunications Union (ITU) Africa Regional Development Forum (RDF) 2018 to discuss the way forward in the Information Communication Technology (ICT) space for the region from July 18 to 20. The 2018 RDF is being organised on the theme: “ICT4SDGs: Towards the implementation of World Telecommunication …

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UDS makes Ghana proud in FASU Games

University for Development Studies (UDS) has made Ghana proud by securing an appreciable number of medals in the just ended federation of African Sports University (FASU) games.   The UDS places fourth in the competition which puts Ghana among the first five best sporting countries in Africa.   The 9th …

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Surge in cryptocurrencies driving new hitech virtual money laundering – CipherTrace

The Rising spate in the theft of cryptocurrencies is driving the surge of a new, high-tech era of virtual money laundering, a headache to governments globally, according to a report.  In the first half of 2018, more than US$760 million in cryptocurrency was stolen from exchanges – a threefold increase …

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Liberia under pressure to deal with war crimes

The Liberian government has failed to give an undertaking that it will create a war crimes court to prosecute those who allegedly committed atrocities during the country’s two armed conflicts spanning more than 14 years. This week in Geneva, the government came under pressure at the 123rd session of the …

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22 suspects arrested with large quantities of drugs

Drug law enforcement agencies in Ghana have teamed up with Nigeria’s Drug law Enforcement Agency (NDLEA) to fight drug trafficking in an exercise codenamed “Operation Eagle”. It has resulted in the arrest of 22 suspects and seizure of large amount of illegal drugs – 15.7 kilogram (kg) of cocaine, 9.21kg …

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Africa Investment Forum to de-risk investment and catalyse private sector growth

Africa’s infrastructure needs remain huge with unmet financing gap between $130 and $170 billion annually, despite its impressive growth rates in the last decade in most countries.   The African Development Bank (AfDB) is seeking to partner with leading global development finance institutions to establish a mutualized co-guarantee platform to …

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