Shareholders of the Agric Development Bank (ADB) will not be paid dividend for the 2019 financial year. Though the bank recorded a profit of ¢14.8 million in 2019, compared to ¢5.9 million in 2018, it declined to pay dividend, as a result of a negative income surplus on its balance sheet. Board Chairman of the […]
TANZANIA Agricultural Development Bank (TADB) has dished out 27bn/- to four Lake Victoria Zone cooperative societies to buy coffee from Kagera and Mara farmers this season. The cooperative societies are namely Ngara Farmers’ Cooperative, Karagwe District Cooperative Union (KDCU), Kagera Cooperative Union (KCU) and Mara Farmers’ Cooperative Union (WAMACU). Industry and Trade Minister, Innocent Bashungwa […]
Listen to article Banks are financial intermediaries that receive deposits from surplus spending units and channel these in a form of loans to finance deficit spending in an economy. The banking activities started in the then Gold Coast during the colonial era with the goal of providing financial services to the British enterprises and the […]
KATHMANDU, AUGUST 10 The rising cases of coronavirus among bank staffers across the country have raised serious concerns over the effectiveness of measures adopted by banks and financial institutions (BFIs) to prevent the spread of the virus. As banking services are among essential services and directly linked to the public, the spread of the contagion […]
– Finance Minister, Ken Ofori-Atta, has given his support to the cleanup of the banking sector in Ghana – According to him, the banks are now better positioned to do business in the country – He added that it is a lot better if the country has fewer but stronger banks Our Manifesto: This is […]
KATHMANDU, JULY 13 Nepal Rastra Bank (NRB) is preparing to refinance all the 753 local bodies through the upcoming Monetary Policy. It is preparing to do so with an aim to uplift the economy which has been hammered by the coronavirus contagion. Speaking at the Finance Committee under the Federal Parliament today, NRB Governor Maha […]
BEIJING, July 13 (Xinhua) — The Agricultural Development Bank of China (ADBC), a rural policy bank, launched 13.2 billion yuan (about 1.89 billion U.S. dollars) of bonds Monday. The three-year and five-year policy bank bonds, each worth 6.6 billion yuan, were issued through public bidding. As the country’s third-largest issuer of bonds, the ADBC has […]
Dr John Kofi Mensah (3rd right) presenting the dummy cheque to Mr Daniel Akwah (3rd left), MD of ADF Farms, and other poultry value chain beneficiaries The Agricultural Development Bank (ADB) has begun the disbursement of the GH¢500 million fund earmarked to revitalise the poultry sector in the country. Yesterday, the bank presented a cheque […]
Dr John Kofi Mensah The Agricultural Development Bank (ADB) has partnered the Ministry of Food and Agriculture (MoFA) and three other institutions to set in motion an ambitious programme meant to end the country’s dependence on imported poultry products and create jobs for the youth. The initiative aims to invest a total of GH¢500 million […]
United States of America Flag The United States of America Treasury’s Office of Foreign Assets Control (OFAC) has lifted sanctions on the Agricultural Development Bank of Zimbabwe and Infrastructure Development Bank of Zimbabwe. In a notice, OFAC said the two institutions have been removed from the Specially Designated Nationals and Blocked Persons List (SDN List). […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.