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Afreximbank meeting to boost Africa trade, investment

Abuja, Nigeria | THE INDEPENDENT | African Export-Import Bank (Afreximbank) is set to host its 32nd Annual Meetings (AAM2025) in Abuja, Nigeria, from June 25 to 27, drawing a high-powered coalition of African, Caribbean (CARICOM), and global leaders. The event, which comes at a time of heightened geopolitical and economic uncertainty, …

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DTB’s Ssebaana challenges contractors to embrace financial discipline to unlock bank financing

                                                                           Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank (DTB) Chief Executive Officer, Geofrey Ssebaana, has urged players in Uganda’s construction sector to adopt stronger financial discipline, forge strategic partnerships, and integrate sustainability into their operations as key prerequisites for accessing financing from the country’s banking institutions. He emphasized …

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UDB profit climbs, funding gap persists

As Uganda’s development bank posts strong results, calls grow for sustainable government support to meet rising demand Kampala, Uganda | JULIUS BUSINGE | Uganda Development Bank (UDB), the country’s leading state-owned development finance institution, has reported a robust net profit of Shs 57.8 billion ($15.4 million) for the year ending 2024—an …

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Afreximbank criticises Fitch after “erroneous” ratings downgrade

The downgrade has also attracted criticism from the African Peer Review Mechanism (APRM), an arrangement established in 2003 by African Union states to monitor governance performance ANALYSIS | JOHN BASQUILL | The African Export-Import Bank (Afreximbank) has joined a pan-African governance unit in criticising Fitch Ratings’ downgrade to the multilateral development …

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