AfDB shareholders approve landmark $115bn capital increase
05 November 2019 | 6:00 am
The African Development Bank (AfDB) held its extraordinary shareholders’ meeting in Abidjan were the Governor of the bank approved a landmark $115 billion increase in capital for the continent’s foremost financial institution. Kenneth Igbomor joins CNBC Africa for more.
June 23, 2023
June 23, 2023
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July 8, 2023
An Israeli raid in the West Bank city of Jenin killed three Palestinians and wounded at least 29 others. Israeli helicopters opened fire on gunmen in a rare Israeli Air Force operation in the area.
The third day of tit-for-tat attacks in the occupied West Bank has led to the death of at least one Palestinian. Israel has said it will build 1,000 more settlement homes despite international calls to halt the plans.
Turkey has increased its base interest rates by a whopping 6.5%, the clearest indication yet that the unconventional economic policy dubbed "Erdonomics" might be history now in Recep Tayyip Erdogan's new government.
The Palestinian Health Ministry said five people had been killed and over two dozen wounded in the attack in the northern West Bank city of Jenin.
Jenin and its refugee camp have seen heightened violence between Israeli forces and Palestinian fighters over past weeks. While Israel claims the operation is to counter terrorism, international observers are concerned.
The Palestinian Health Ministry said that another Palestinian had died overnight, bringing the death toll up to 10. Israeli media cited IDF spokesperson Daniel Hagari as saying that operations could be over within days.
We look at reactions from the Middle Eastern press after Israel's raid in Jenin and the West Bank. Also, papers react to Senegalese leader Macky Sall's decision not to stand for a third term. British and Australian papers continue to trade barbs over cheating allegations at the Ashes. Finally, watch Roger Federer join Coldplay for a song during their Zurich concert!
Riad Salameh held the post for 30 years, but is now wanted in several European countries for alleged financial crimes. One of his vice-governors will temporarily take over.
The interest rate was increased to an anticipated 5.25%, the bank's 14th hike in a row. The bank is expected to continue with its policy of hiking the interest rate in the next months to combat inflation.
The Russian ruble hit its lowest level since March 2022 when the currency crashed following Moscow's invasion of Ukraine. Inflation, meanwhile, has remained persistently high.
Bankly, the popular Fintech company that specializes in payment processing through POS terminals, has today announced the launch of Bankly Microfinance Bank. The launch of Bankly Microfinance Bank marks a significant milestone in Bankly’s journey to provide accessible financial solutions to individuals and businesses across Nigeria.
The People's Bank of China announced it was cutting its key one-year interest rate for the second time in three months on Monday, but left its five-year rate unchanged.
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