The African Development Bank has provided a roadmap to the growth of agriculture in African countries with a plan to inject nearly $2.4 billion every year for 10 years:
The 52nd Annual Meetings of the Board of Governors of the African Development Bank (AfDB) and the 43rd Meetings of the Board of Governors of the African Development Fund (ADF) took place in Ahmedabad between 22-26 May 2017 with calls for greater cooperation between the bank and India to help drive Africa’s transformation. The deliberations underlined various measures taken to overcome problems faced by the African countries in dealing with agricultural and industrial development of the continent and stressed on the need for the banking system to be prepared to satisfy the evolving financial appetite of the member countries.
African Development Bank Group has been making tremendous efforts in the implementation of its 10-year strategy encapsulated in the ‘High 5’ priorities. These are (i) Light up and power Africa, (ii) Feed Africa, (iii) Industrialize Africa, (iv) Integrate Africa, and (v) Improve the quality of life for the people of Africa. With the ever-increasing need to meet the demands of the High 5s, the Bank Group’s operations rose by over 17% in 2016. In the same vein, cumulative investments, rose by 19% over the figure for 2015. In real terms, over 22 million people benefited from the bank’s finance services ranging from improvements in water to sanitation to healthcare to electricity to agriculture and transport.
SOVEREIGN FUNDS
Akinwumi Adesina, president, African Development Bank Group, emphasized the need to bring in the private sector in the bank’s High 5s projects. “The Africa Investment Forum is a completely transactional forum to enable mega deals and fast-track investments in Africa by sovereign wealth funds, pension funds, insurance and other institutional investors.Our job is to bank on Africa’s future. We will trust the youths and we will enable their entrepreneurship,” says he.
Bu hikaye Banking Frontiers dergisinin June 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Banking Frontiers dergisinin June 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
