Banking

July 21, 2019

1

Afreximbank appoints Idrissa Diop Compliance Director

The African Export-Import Bank (Afreximbank) has appointed Idrissa Diop, formerly of Ecobank Transnational Inc., as its new Director of Compliance.

Mr. Diop, who, until his appointment, was Ecobank's Group Head of Compliance, replaces Maureen Mba, who retired from Afreximbank in May after a long meritorious service.

The new Director comes with 20 years' experience"...

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July 18, 2019

2

Bank of America Reports Second-Quarter 2019 Financial Results

Bank of America reported its second-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190717005354/en/

July 16, 2019

3

AIMS, AfDB ink partnership to accelerate mathematics for industry expertise across Africa

The African Development Bank (AfDB) and the African Institute for Mathematical Sciences (AIMS) signed a Memorandum of Understanding on Monday to strengthen education, training and research in mathematical sciences in Africa.

Speaking at the signing, African Development Bank Vice President for Agriculture and Human Development, Jennifer Blanke stressed the strong partnership"...

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July 11, 2019

4

Absa ETFs list on A2X

Three of Absa Corporate and Investment Bank’s (Absa CIB) metal exchange traded funds (ETFs) become available for trade on A2X Markets today: - NewGold (GLD) - NewPlat (NGPLT) and - NewGold Palladium (NGPLD). These listings are in addition to their current listings on the Johannesburg Stock Exchange and the Namibian Stock Exchange. The issued share capital will be unaffected by their secondary listing on A2X. A2X CEO, Kevin Brady commented, “The ABSA metal ETFs are the leaders in their field with almost R25 billion in assets under management. ETFs are experiencing significant growth due to their low cost and we are thrilled to include these ETFs in the list of securities available for trade on our platform.” These ETF listings will bring the number of securities available for trade on A2X to 25 with a combined market capitalisation of over R2.4 trillion. A2X boasts listings......

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July 11, 2019

5

Mastercard partners with USADF and CIAT to grow farmers network across Africa

Mastercard has announced the signing of two public-private partnerships that will extend the reach of the Mastercard Farmers Network (MFN) to millions of smallholder farmers in Africa.

Under this partnership, key partners, the International Center for Tropical Agriculture (CIAT) and the United States African Development Foundation (USADF), are providing support to further roll out the MFN platform across Uganda making transacting much safer and"...

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July 9, 2019

6

African Development Fund improving and impacting lives of millions in Africa, beneficiaries

Established to provide concessional buffer to needy economies on the continent, the African Development Fund (ADF), is not only facilitating rapid roll-out of development projects, but its investments continue to transform and sustain lives, beneficiaries say.

In 38 of the continent’s neediest countries, the Fund is creating linkages to promote regional integration, commercial exchanges and enhancing food security by investing in power projects,"...

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June 25, 2019

7

W’Bank Highlights Benefits of Investing in Infrastructure

The net benefit on average of investing in more resilient infrastructure in low- and middle-income countries will be $4.2 trillion with $4 in benefit for each $1 invested, according to a new report from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR).

The report titled: “Lifelines: The Resilient Infrastructure Opportunity,” laid out a framework for understanding infrastructure resilience, which is the"...

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June 24, 2019

8

Afreximbank approves $69m dividend pay-out to shareholders

The African Export-Import Bank (Afreximbank) will pay a total of $69 million to its shareholders as dividend from its 2018 earnings, according to decisions reached during the Annual General Meeting of Shareholders (AGM) of the Bank which are now ended in Moscow.

The shareholders also appointed one new member to its Board of Directors and decided to retain Nigeria, which has been its Chairman since the last meeting in Abuja in 2018, in that position"...

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