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Guaranty Trust Bank

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    • Press Release Zero Processing Fee; GTBank Removes Point of Sale (POS) Processing Fees to Support Businesses
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Source: Guaranty Trust Bank |

Zero Processing Fee; GTBank Removes Point of Sale (POS) Processing Fees to Support Businesses

The Zero Processing Charge campaign aligns with GTBank’s ongoing efforts to empower businesses with innovative financial solutions that drive growth and efficiency

Guaranty Trust Bank Ltd (www.GTBank.com) has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions. This initiative, which took effect Tuesday, 11 February 2025, communicates that merchants using GTBank POS terminals will no longer incur Merchant Service Charges…

Webb Fontaine
Source: Webb Fontaine |

Webb Fontaine Accelerates Benin’s Customs Transformation with Key Milestones

Webb Customs provides authorities with a fully digitalized, AI-powered Customs Management System that interconnects all trade platforms

Webb Fontaine (www.WebbFontaine.com), a leading provider of trade facilitation solutions, has announced a significant milestone in its Customs digitalization project in Benin. The initiative is driving a fundamental transformation in Customs operations across the country. The announcement was made at the 15th Public Finance Review Meeting in Cotonou, an event…

Afreximbank

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    • H.E. Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the Economy for the Federal Republic of Nigeria with Professor Benedict Oramah, President and Chairman of the Board of Directors, Afreximbank and other leaders during the signing ceremony
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Source: Afreximbank |

Nigeria to Host 32nd Afreximbank Annual Meetings from 23 to 28 June 2025

The 32nd Afreximbank Annual Meetings in June 2025 is expected to be the largest gathering of Global Africa in the Bank’s Annual Meetings history, bringing together over 6,000 delegates including Heads of State, government officials, captains of industry, businesspeople, decision-makers, academics, respected experts and advisors from Africa, the CARICOM region and globally

The Federal Government of Nigeria and Afreximbank (www.Afreximbank.com) have signed the Host Country Agreement for the 32nd Afreximbank Annual Meetings (AAM) in Abuja, Nigeria, from 23-28 June 2025. Afreximbank Annual Meetings is one of the most anticipated gatherings on the African continent, featuring high-level policy discussions, presentations, and side events on…

Afreximbank

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    • Prof. Benedict Oramah (4th right), President and Chairman of the Board of Directors of both AMCE and Afreximbank together with senior Nigerian government leaders, members of the Board of Directors of AMCE, Afreximbank executives and other dignitaries during the AMCE site tour
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Source: Afreximbank |

The African Medical Centre of Excellence (AMCE) Unveils Construction Milestones as June 2025 Launch Approaches

As of February 2025, all civil and structural works have been completed, with rigorous quality assurance and control measures ensuring the highest construction standards

The African Medical Centre of Excellence (AMCE), a groundbreaking tertiary medical institution spearheaded by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in partnership with King’s College Hospital, London, hosted a high-level stakeholder and media tour to showcase major construction milestones and reaffirm its commitment to revolutionising healthcare in Africa by building a…

The World Bank Group
Source: The World Bank Group |

The Mohamed bin Zayed Water Initiative and World Bank Sign Memorandum of Understanding (MoU) Focused on Driving Innovation and Investment to Address Global Water Scarcity

This partnership aims to address critical water security challenges and foster innovative solutions to ensure sustainable water management

The Mohamed bin Zayed Water Initiative and the World Bank signed a Memorandum of Understanding (MoU) today to collaborate on efforts to accelerate innovation and investment to address global water scarcity, and strengthen water security in communities around the world. The MoU was co-signed by Ayesha Al-Ateeqi, Executive Director of…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank’s Climate Action Window channels $31m to boost climate resilience in four countries

The Climate Action Window of the Bank Group’s African Development Fund seeks to mobilize $4 billion by 2025 to provide rapid and coherent access to climate finance

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved over $31 million in funding under its African Climate Action Window (CAW) to strengthen climate resilience in Sierra Leone, South Sudan, Djibouti, and Madagascar. The Climate Action Window of the Bank Group’s African Development Fund seeks to…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2025 Article IV Consultation with Morocco

Structural reforms should focus on strengthening job creation, including by better targeting active labor market polices, consolidating programs to support small and medium firms, and removing regulatory distortions that hinder firms’ growth

Economic growth is accelerating thanks to strong domestic demand, amid a new investment cycle in many sectors. Tax reforms have allowed the fiscal deficit in 2024 to be lower than expected while also funding spending measures. Going forward, saving part of the revenue windfall would help strengthen the fiscal buffers.…

Lagos Free Zone (LFZ)

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    • L-R: Principal Country Director, International Finance Corporation(IFC), Christian Mulamula; Regional Director, Central Africa and Anglophone West Africa, IFC, Dahlia Khalifa; Regional Vice President, Africa, IFC, Sergio Pimenta; Chief Executive, Tolaram, Haresh Aswani; Managing Director/Chief Executive Officer, Lagos Free Zone(LFZ), Adesuwa Ladoja and Director, Finance and Operations, LFZ, Ashish Khemka during the official signing ceremony of IFC Investment in Lagos Free Zone held in Lagos
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Source: Lagos Free Zone (LFZ) |

International Finance Corporation (IFC) Invests in Lagos Free Zone to Support Industrial Growth and Economic Diversification in Nigeria

The funds will support the first phase of the 860-hectare Lagos Free Zone, focusing on land development, industrial facilities, and logistics infrastructure

IFC has announced an equity investment of up to $50 million in Lagos Free Zone (www.LagosFreeZone.com) Company to support the development and expansion of Nigeria’s first deepsea port-based, private special economic zone, the Lagos Free Zone. This investment is designed to address critical infrastructure gaps, attract local and global businesses,…

Banque Ouest Africaine de Développement (BOAD)

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    • The West African Development Bank “BOAD” leads the way in innovation with landmark record-breaking $500 million public hybrid issuance
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Source: Banque Ouest Africaine de Développement (BOAD) |

The West African Development Bank “BOAD” leads the way in innovation with landmark record-breaking $500 million public hybrid issuance

This transaction attracted significant and diversified investors driven by the strong credit profile of BOAD and the characteristics of the structure

The West African Development Bank “BOAD” (www.BOAD.org/en/) continues to lead in financial innovation with the successful issuance of a $500 million sustainable hybrid bond on the international capital market. This deeply subordinated instrument carries a 30-year maturity with a five-year non-call period, for an equivalent EUR coupon rate of 5.9%.…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

Nazeem Noordali Appointed as Officer-in-Charge, Chief Executive Officer of the International Islamic Trade Finance Corporation

This appointment followed the completion of the full tenure as Chief Executive Officer (CEO) by Eng. Hani Salem Sonbol on February 7, 2025

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the trade finance entity of the Islamic Development Bank (IsDB) Group, announced the appointment of Mr. Nazeem Noordali as Officer-in-Charge, Chief Executive Officer (CEO) ITFC, effective from 8th February 2025. This appointment followed the completion of the full tenure as Chief Executive…