The South African Reserve Bank Amendment Bill [B10-2010] Submissions and Hearings
Africa’s main development bank says the continent is making a "spectacular" recovery from the global recession.
African ministers of economy will discuss proposals next week for a continental investment bank and stock exchange to promote development.
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/ 1 December 2008
The ANC will not plunder the pockets of South Africans to realise the ambitious goals set out in its election manifesto, it said on Monday.
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/ 10 November 2008
Eskom said on Monday it had signed a -million loan with the African Development Bank to support its power-expansion programme.
African Development Bank pledged -billion more for food aid on Friday as soaring commodity prices raise fears of famine, and it urged grain-exporting countries not to restrict shipments. The bank said that its agriculture portfolio will grow to ,8-billion, and it was restructuring a portion of that to free up -million to be used more quickly.
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/ 5 February 2008
China took part for the first time recently in World Bank meetings on the needs of some of Africa’s poorest countries in what the Bank sees as an important shift in Beijing’s role. China has a growing presence in Africa and has spent billions of dollars to secure raw materials to fuel galloping Chinese economic growth.
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/ 23 January 2008
With most formal banks inaccessible to many Africans, the service of cellphone banking is expanding to the poor on the continent. Mary Kimani examines how financial institutions are extending their services through the ubiquitous usage of cellphones in rural areas.
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/ 29 November 2006
The Central African Republic this week cleared its arrears to the World Bank, thanks to a loan by the French government and a grant by the World Bank, that will restore its ties with international donors, a senior bank official said on Tuesday. The move comes as the former French colony tries to resurrect ties with the international community after years of political and economic instability.
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/ 10 November 2006
The World Bank has highlighted infrastructure investment, improving the investment climate, harnessing skills for innovation and building institutional capacity as critical areas demanding action in sub-Saharan Africa. The World Bank says success on these four fronts will help the region and Africa as a whole make up for missing two decades of global growth.