February 19, 2016/AfDB The African Development Bank (AfDB) and the Mano River Union (MRU) held a joint technical seminar in Abidjan this week to discuss reactivation of the MRU initiative. The initiative aims to strengthen regional integration and resilience by reducing the infrastructure gap, with a special focus on energy […]
Tag: InvestAdvocate
AfDB Approves $8.2 Million Equity Participation in Shelter Afrique to Boost Housing in Africa
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-African lender, African Development Bank (AfDB) on Friday said its board of directors has $8.2 million equity investment in Africa’s housing and habitat company, Shelter Afrique, to strengthen its balance sheet and help it achieve its objective of providing quality affordable housing in Africa. “This […]
Fitch Revises Outlook on 3 Nigerian Banks to Negative; Affirms Ratings
18 Feb 2016/Fitch Ratings (This statement was made by the rating agency on February 18, 2016) Fitch Ratings has revised the Outlooks on the Long-term foreign currency Issuer Default Ratings (IDRs) of First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA) and Guaranty Trust Bank Plc (GTB) […]
