Kenyan Eco-friendly Footwear Wins Fashionomics Africa  
Africa Jobs & career

Kenyan Eco-friendly Footwear Wins Fashionomics Africa  

Abidjan, Côte d’Ivoire, 29 March 2021 – The African Development Bank’s Fashionomics Africa initiative has named a women-led Kenya shoe design house as the winner of its competition to support producers of sustainable fashion. Pine Kazi, which converts pineapple leaf and recycled rubber into fashionable footwear, won the $2,000 Fashionomics Africa competition cash prize. In addition, the business […]

All Eyes on Digital Payments
Africa Opinions

All Eyes on Digital Payments

Raghuram G. Rajan, CHICAGO – Digital payments are attracting growing interest, and eye-popping numbers abound, as demonstrated by the US payment processor Stripe’s recent $95 billion valuation. Why all the excitement, and why now? At one level, the reason is straightforward: digital payments allow buyers to pay sellers without physical currency changing hands. Though the technology has […]

Umeme Shakes Off Challenging Year
Africa Industry

Umeme Shakes Off Challenging Year

Leading power distributor Umeme navigated a challenging year to register profit for its shareholders amidst a tough COVID19 operating environment and the regulatory lag in recovery of outstanding income. Although the profits declined, the giant utility managed to complete its capital investment programme of $75m (about sh279b) to improve the network distribution capacity, supply reliability […]

USD 3.5 Million Funding Boost for African's Sustainable Cooling Centre
Africa Agribusiness Investment Uncategorised

USD 3.5 Million Funding Boost for African’s Sustainable Cooling Centre

The new Africa Centre of Excellence for Sustainable Cooling and Cold Chain (ACES) has taken a major step forward in Rwanda with a $3.5 (£2.4 million) million funding boost. The UK Government’s Department for Environment, Food & Rural Affairs (DEFRA) earmarked this contribution for the Centre’s design and technology kit-out, supporting the work of British universities (Birmingham, […]

133 million Climate Fund for Africa-Canada, AfDB
Africa Investment

133 million Climate Fund for Africa-Canada, AfDB

Abidjan, 23 March 2021 – The Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects with a strong gender-responsive component. The fund will be capitalized through a combination of CAD 122.9 million ($104.8 […]

New Appointment Head Corporate Banking-KCB Bank Uganda
Africa Jobs & career

New Appointment Head Corporate Banking-KCB Bank Uganda

Ramla is a seasoned Banker with significant industry-wide experience in corporate and SME business development, having worked in financial services for over 13 years. She also has vast experience in strategy formulation and implementation, relationship management, credit risk management and structured financing, among others. She joins KCB Bank from NCBA Bank (formerly NC Bank) where she was […]