Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters Hang Seng Bank shares jumped 29.5% Thursday after parent HSBC announced plans to take it private, valuing the lender at more than 290 billion Hong Kong dollars (over $37 billion). HSBC, Europe’s largest lender,…
Luanda — According to the Angolan Debt and Securities Exchange (BODIVA), the public offering (OPV) of 29.75% of Banco de Fomento Angola (BFA) shares on the stock exchange, which was completed last week and raised 242 million U.S. dollars, was the largest transaction carried out in the country and in Africa this year. BODIVA considers…
Washington — The World Bank Board of Executive Directors approved a Disaster Risk Management Development Policy Financing (DPF) with a Catastrophe Deferred Drawdown Option (Cat DDO) for the Government of Rwanda, aimed at building stronger systems to anticipate, prepare for, and respond to disasters, protecting both lives and livelihoods. Rwanda faces increasing vulnerability to climate-related…
Lusaka — The World Bank is expanding support for Zambia’s watershed management and forest conservation, approving the second phase of the Transforming Landscapes for Resilience and Development (TRALARD II) project aimed to improve sustainable management of over 680,000 hectares of land and enhance livelihood resilience for over 650,000 people in targeted vulnerable communities of Zambia’s…
President Trump said Thursday he will not let Israel annex the occupied West Bank, an idea that has circulated among members of Israeli Prime Minister Benjamin Netanyahu’s government. “I will not allow Israel to annex the West Bank,” the president told reporters during an Oval Office event. “There’s been enough. It’s time to stop now.”…
The African Development Bank (AfDB) recently had a change of leadership as Dr Sidi Oud Tah from Mauritania took over the helm of affairs as the ninth President from the outgone Nigeria’s Dr Adewunmi Adesina. Adesina had been on the saddle between 2015 and 2025, being two terms of five years each. Established in 1964,…
A novel way to maintain strong friendships? Creating a joint bank account. That’s the advice Madison Machen received last year while chatting with her seat-mate on a flight to New York. The woman was on her way to meet her best friend on one of their periodic trips. The trip, she told Machen, was funded…
A new report by the World Bank and UNICEF has revealed that despite global progress in reducing extreme child poverty, Sub-Saharan Africa has seen no improvement in the past decade, with more than half of children in the region still living below the poverty line. The report, ‘Child Poverty: Global, Regional and Select National Trends’,…
Discovery Bank CEO Hylton Kallner Discovery Bank is cementing its place as a serious digital challenger in the South African market. In its full-year results released published last week, for the period ending 30 June 2025, the bank reported positive customer growth numbers, even breaking even for the first time. In this in-depth interview, Discovery…
During a candid and thought-provoking fireside chat at the ongoing Intra-African Trade Fair (IATF 2025), former Nigerian President, Olusegun Obasanjo, issued a powerful warning to African leaders: global financial institutions like the World Bank and IMF were not designed to serve Africa’s development interests. Moderated by CNBC Africa’s Fifi Peters, the session examined Africa’s trade…
