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    Ecobank declares US$5.82 billion in profits for 2014

    Ecobank, the PanAfrican Bank, has performed strongly in 2014, announcing a profit of US$5.82-billion, US$0.87-million of which was transferred to special reserves and US$4.85 million to retained earnings. The company made the announcement this week, a news welcomed by jubilant shareholders, who saluted Ecobank for finishing the year 2014 with US$24.2 billion in total assets […]

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World Bank MD visits DRC, pledges support to develop agro-industrial parks

World Bank Group Managing Director Dr Sri Mulyani Indrawati, who on Tuesday concluded her visit to the Democratic Republic of Congo (DRC), said her organisation and its agency, the International Finance Corporation, were ready to provide expertise to develop important sectors, including the country’s agro-industrial parks. Indrawati, who met with President Joseph Kabila Kabange, PM […]

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Global rate of blindness declining: report

Blindness across the world seems to be declining, dropping considerably in 2014, as organisations such as Light for the World step in to help people with sight difficulties in developing countries. Light for the World said on Friday that it carried out 53 100 sight-saving cataract surgeries, thus reaching a total of 1.2 million blind […]

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Radio journalist, wife shot dead in Somalia

A 35-year-old radio journalist and his wife were shot dead at their home in troubled Somalia around 1am last week by unidentified gunmen, the Committee to Protect Journalists (CPJ) has reported. The crime took place in Baidoa, a south-central city, where Daud Ali Omar, the reporter for Radio Baidoa, lived with his wife and three […]

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World Bank loans US$500m to Nigeria to improve maternal, child health

The World Bank has recently approved a credit of US$500 million through its International Development Association (IDA) to Nigeria to improve the country’s maternal, child, and nutrition health services for women and children. Despite its high-publicised status of continent’s most populous nation and largest economy, West Africa’s Nigeria is still lagging behind in terms of […]

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