West Africa's central bank enrolled town criers, United Nations peacekeepers and even desert pilots as it pulled out all the stops for an unprecedented, 10-week campaign to swap old banknotes for new that ended last week. The Central Bank of the States of West Africa hailed the campaign as a triumph.
The race by foreign banks for a chunk of the South African banking pie appears to be hotting up. The bid by United Kingdom banking group Barclays plc for Absa seems to be gaining momentum, and emerging-market banking group Standard Chartered has reiterated its intention to garner a bigger slice of the South African market.
The African Development Bank (AfDB) on Sunday launched a fund to help nations emerging from conflicts settle their arrears to foreign donors and tap new loans to rebuild their shattered economies. AfDB director Arunma Oteh launched the initial -million fund at a ceremony attended by more than 1 000 delegates.
The bank asked the African Climate Reality Project to coordinate and present a position statement on energy, agriculture, forestry, land and ecosystems and climate finance but cancelled the presentation at the last minute