The Bank has already contributed USD 25 million to fund the preparatory phase of the project. Moreover, along with its partners, it mobilized USD 15.6...
Digital payments have been growing significantly in Africa in recent years, but the segment remains fragmented and faces numerous challenges. Revio, a...
The Economist Intelligence Unit highlights that most African countries on the list of the most attractive destinations for Chinese investment performed...
The report shows that China is backing big African infrastructure projects less, as many countries on the continent are debt-laden.
China...
Guinean law firm Thiam & Associés advised China Baowu Steel Group ("Baowu"), the world's largest steel producer, on the signing in Beijing (People's...
For the fifth consecutive time, since July 2023, Niger has defaulted on its financial obligations on the West African Economic and Monetary Union (WAMU)...
During a visit to the African Development Bank, Swedfund CEO Maria Hakaanson has expressed keen interest in strengthening the cooperation and exploring...
The agreement signed with the EIB will provide SMEs in Côte d'Ivoire and Senegal with long-term loans in foreign currency to improve their agricultural...
In 2022, the BRVM stock market experienced a 24.2% increase in market capitalization. When combined with a 7.7% net dividend yield, this represents a...
AGL Mali carried out a large-scale logistics operation for the LAFIGUE mine in Côte d'Ivoire in August. The company coordinated an exceptional convoy of...
The 78th edition of the United Nations General Assembly in New York City will focus on progress towards the Sustainable Development Goals under the 2030...
Although their volume exceeds that of official development aid and even foreign direct investment on the continent, the remittances from the African...
The Board of Directors of the African Development Fund approved a grant of US$6.73 million to Mozambique in Abidjan on 13 September 2023 to support the...
The cybersecurity awareness platform KnowBe4 looked into the issue of online fraud in Africa and published a statistics report on September 11.
The...
The African Development Bank today announces upcoming investor calls and meetings in New York, London and Paris, ahead of an inaugural USD Global...
Trade between Algeria and Turkey now exceeds $5 billion, according to the Algerian government. Both countries hope to increase the figure in the...
The African Development Bank (AfDB) believes that getting SDRs from developed countries would allow it to raise more money on financial markets at costs...
This pilot project aims to reduce the financing deficit of importing and exporting companies, in emerging countries, including African nations. It has a...
The African Development Bank's Sustainable Energy Fund for Africa (SEFA) welcomes approximately $50 million in new funding contributions from...
Investment firm Tana is selling its investment in the Moroccan school network IEG (International Education Group) for an undisclosed amount.
Eight...
In a landmark achievement, the President and Chairman of the Board of Directors of ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum...
Today, the Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to the goal of net zero by...
Southbridge Investments and On.Capital are pleased to announce the formation of a strategic joint venture to manage a USD 100 million Fund: The Energy...
African Development Bank President Akinwumi Adesina has announced a new $1 billion fund to accelerate climate financing for Africa’s youth...
The African Development Bank returns as a top-tier partner of the African Green Revolution Forum (AGRF) - now re-branded as the Africa Food Systems...
Matthew Antwi is a haulier and works for a Nigerian business that exports coconuts. He regularly drives the Lomé-Cotonou road from his home country Ghana...
Through the Emerging Markets Infrastructure Fund II, the financial institution plans to finance transport and renewable energy projects in targeted...
The report reveals that most African fintechs operate in the payments & remittances, lending & financing, and business administration segments.
African...
Electric motorbike manufacturer Spiro wants to expand its activities in French-speaking West Africa where it has been present for over a year. The company...
In Egypt, inflation reached 36.5% in July 2023. The EGX 30, the index of the “most highly capitalized and liquid stocks traded on the Egyptian Exchange,”...
Africa Specialty Risks (“ASR”), the pan-African focused reinsurance group, is pleased to announce that it has launched a new Captive Solutions offering....
The report points out that persistent global macroeconomic uncertainties have prompted most private equity funds active on the continent to exercise...
The loan and equity financing will fund the construction of a pyrethrum processing plant in Kenya. Through this initiative, the American and Finnish...
Three months after announcing plans to sell its entire stake in the United Bank, the Central Bank of Egypt is being approached by potential buyers...
The International Development Finance Corporation (DFC) announced on August 15 that it has provided a $500 million guarantee (over 313 billion FCFA...
This growth in intra-regional trade can be primarily attributed to the continued elimination of non-tariff barriers, the harmonization of product...
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