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Economic Community of West African States (ECOWAS)
Source: Economic Community of West African States (ECOWAS) |

West Africa: Strengthening Staff Welfare Mechanisms in Response to Regional Dynamics at 38th Annual General Meeting of the Staff Mutual Credit Union

In outlining strategic directions for the Union, the President of the ECOWAS Staff Mutual Credit Union, Mr. Jimmy Ife-Ilori, announced a set of forward-looking initiatives designed to enhance member access and financial flexibility

The ECOWAS Commission has reiterated its unwavering commitment to the welfare and financial resilience of its staff through strengthened collaboration with the ECOWAS Staff Mutual Credit Union. This assurance was given during the 38th Annual General Meeting (AGM) of the Union, held on 27 March 2025 at the ECOWAS Commission…

Economic Community of West African States (ECOWAS)
Source: Economic Community of West African States (ECOWAS) |

Economic Community of West African States (ECOWAS) Strengthens Capacity of Member States for Effective Implementation of Regional Tax Reforms

This will ultimately contribute to improved tax policy formulation, administration and implementation within the ECOWAS region

In line with its mandate to support Member States in strengthening their capacity to implement regional tax policies and administration, the ECOWAS Commission , through the Directorate of Customs Union and Taxation, has  organized a four-day workshop on “Enhancing Capacity for Effective Implementation of the ECOWAS Adopted Methodology on Tax Expenditure” to…

Afreximbank

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    • Launch of the Trans-Africa Bond Alliance (TABA) in Nairobi on 28th March 2025
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Source: Afreximbank |

Afreximbank and Zep-Re launch the Trans-Africa Bond Alliance (TABA)

The alliance will harmonize trade practices and introduce a standardised framework that ensures secure, predictable, and efficient trade movement

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and Zep-Re (PTA Reinsurance Company) today launched the Trans-Africa Bond Alliance (TABA), a transformative initiative, designed to bridge the insurance capacity gap and empower African contractors to secure more construction and procurement projects while boosting cross-border trade and enhancing the movement of goods and investment…

African Development Bank Group (AfDB)

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    • The African Development Bank Group has given the green light to the establishment of a trust fund to curb hunger among school-age children in Africa
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Source: African Development Bank Group (AfDB) |

African Development Bank Group approves $50 million trust fund to end school-age hunger in Africa

The End School-Age Hunger Fund (ESAH) was approved on 20 March with the aim of bolstering school meal programmes in targeted African countries

The Board of Directors of the African Development Bank (www.AfDB.org) approved the establishment of a fund to help put an end to hunger and malnutrition amongst school age-children in Africa.  The End School-Age Hunger Fund (ESAH) was approved on 20 March with the aim of bolstering school meal programmes in…

Ministry of Finance - Republic of Ghana
Source: Ministry of Finance - Republic of Ghana |

Parliament Approves Landmark Tax and Fiscal Reforms: A Giant Step Towards Economic Transformation

The reforms, spearheaded by Finance Minister Dr. Cassiel Ato Forson, are expected to stimulate economic growth, support businesses, and provide much-needed relief to individuals

In a historic and sweeping policy overhaul, Parliament yesterday approved a series of transformative tax amendment bills aimed at enhancing revenue efficiency, easing financial burdens, and realigning key government funds to drive national development. The passage of these bills marks a major victory for economic reform and a significant step…

Ministry of Finance - Republic of Ghana
Source: Ministry of Finance - Republic of Ghana |

Finance Minister Engages United Kingdom (UK) High Commissioner on Ghana’s Economic Outlook

The meeting reaffirmed the strong partnership between Ghana and the UK, with both parties committed to enhancing economic resilience, expanding social safety nets, and advancing climate finance initiatives

Minister for Finance, Dr. Cassiel Ato Forson, held a meeting with the British High Commissioner to Ghana, H.E. Harriet Thompson, and her team to discuss Ghana’s economic outlook, fiscal policies, and key social interventions outlined in the 2025 Budget. During the discussions, Dr. Forson acknowledged the economic challenges Ghana has…

Africa Finance Corporation (AFC)

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    • AFC wins six top honors at the 2025 Global Banking & Markets Africa Awards in Cape Town
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Takes Center Stage with Six Prestigious Awards at the Global Banking & Markets Africa Awards 2025

These accolades underscore AFC’s pivotal role in landmark transactions that drive sustainable development and economic growth across the region

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has been recognized for its outstanding contributions to Africa’s financial and capital markets with six prestigious awards at the Global Banking & Markets Africa Awards 2025, presented during the Bonds, Loans & ESG Capital Markets Conference in Cape Town.…

Parliament of the Republic of Uganda
Source: Parliament of the Republic of Uganda |

Uganda: Government Tables Shs4.8 Trillion Supplementary Appropriation Bill

According to the breakdown, the biggest portion of the funding goes to; State House with Shs374 billion in recurrent allocations

Government has tabled before Parliament the Supplementary Appropriation Bill, 2025, aimed at allocating up to Shs4.8 trillion to critical priorities including defence, security and infrastructure. The Minister of State for Finance, Planning, and Economic Development (General Duties), Henry Musasizi, tabled the Bill on behalf of government during a plenary sitting…

Energy Capital & Power
Source: Energy Capital & Power |

Africa Energy Bank Gears Up for H1 2025 Launch

The Africa Energy Bank is set to address the continent’s energy financing challenges, with strong support from key members including the Republic of Congo, Ghana, Nigeria and Angola

Ahead of its H1 2025 launch, the Africa Energy Bank – developed jointly by Afreximbank and the African Petroleum Producers Organization (APPO) – is positioning itself to tackle major challenges in financing, technology and market reliability to accelerate Africa’s oil and gas sector development. Speaking at the Congo Energy &…

Islamic Corporation for the Development of the Private Sector (ICD)
Source: Islamic Corporation for the Development of the Private Sector (ICD) |

Appointment of Dr. Khalid Khalafalla as Acting Chief Executive Officer of Islamic Corporation for the Development of the Private Sector (ICD)

Dr. Khalafalla brings extensive experience from his career within the IsDB Group

The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, is pleased to announce that its Board of Directors has approved the appointment of Dr. Khalid Khalafalla as Acting Chief Executive Officer (CEO), effective 19 March 2025.  Dr.…

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