Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5 billion...
Oryx Energies service stations are changing and that launches the new dynamic of the group: modernity, innovations, high quality products and services...
The International Finance Corporation, the private sector arm of the World Bank, has approved a loan worth $50 million to Nigeria’s Access Bank to...
A six-year project to develop industrial skills among Ghana’s workforce has improved the engineering and manufacturing skills of young people, promoted...
In Nigeria, loans worth 7.8 trillion naira ($20 billion) granted to 35,640 clients are being restructured by banks operating in the country, Bloomberg...
The African Development Bank has concluded its bid to co-finance the construction of Mozambique's integrated Liquefied Natural Gas (LNG) plant by signing...
The Spanish branch of Moroccan banking group Bank of Africa is facing a fine of €1.67 million imposed by the Bank of Spain. In a statement issued on...
Kenya can still afford 5 years of a budget deficit in the current state of its public finances, according to the FY2020-21 Budget Act. The projected...
15 deals in the Africa Investment Forum’s portfolio, valued at $3.79 billion earmarked to address COVID-19 impacts
Increased and decisive...
BVMT-listed OneTech received €23 million from the International Finance Corporation (IFC), to support its development in Tunisia, Morocco, and...
The South African government could help its loss-making power utility Eskom out of the indebtedness that has been drowning the company for years....
Egyptian firm Sarwa Capital plans to issue sukuk bonds worth EGP2.5 billion (about $152.2 million) this year. A request in that regard is pending...
Nigerian startup TradeDepot, which offers product distribution solutions for retailers and consumers, received additional financing of $10 million...
The Federal government of Nigeria could lose gains on Treasury bills (short-term loans), due to the decision by the central bank to cut foreign exchange...
FirstRand plans to replicate in Ghana its successful economic model implemented in South Africa. The company’s Ghanaian subsidiary -FirstRand Bank Ghana-...
The Nigerian Access Bank Group is targeting a new acquisition in the banking sector in Zambia, according to a press release issued to investors. Its...
The Nigerian currency has been losing value for the past two days on the FMDQ OTC securities exchange, a privately owned alternative financial market...
Bolloré Logistics Madagascar announces the opening of a new office in the Ivato International Airport, Antananarivo, the capital of Madagascar. With a...
An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory...
Helios Investment Partners has just secured an additional $100 million for its fourth Africa-focused fund Helios Investors IV. The money is provided...
Companies operating in Africa raised a total of $337.7 million in private equity investments in June 2020, we learned. This does not include the...
AfricInvest IV Fund, the fourth fund launched by Tunisia-based investment firm AfricInvest, reached a total of $202 million in mobilization. Last...
Present in Kenya since 2014, the leading insurance company in Mauritius reaches another important milestone in its expansion strategy in East Africa by...
Mobile Money transactions in Kenya dropped by a total of KSh36.7 billion over the first five months of 2020 to KSh1,752 billion against KSh1,789 billion...
Against the backdrop of the Covid-19 health crisis, Bolloré Logistics is extending until 31 July 2020 its special weekly cargo freight service between...
In Nigeria, real interest rates on government securities redeemable within one year plunged to -8.3% at the end of April 2020. At the time when this...
The African Development Bank Group has concluded the investment of R2 billion (around $116 million) in Sustainable Development Goals-linked bonds...
Malawi's financial market recovered in the second quarter of 2020, after the fall in March. In this wake, Malawi All Share Index, the composite index of...
The African Development Bank Group has joined the World Trade Organisation and other multilateral development banks to reduce trade finance gaps that...
The second quarter of 2020 has been a really difficult one for all countries around the world mainly because of the coronavirus crisis and the sometimes...
South African real estate investment trust, Redefine Properties, announced on June 29 it has reached an agreement with US investment firm Starwood Capital...
Nigerian pension fund manager FCMB Pensions Limited engaged in talks with rival AIICO Pension Managers to acquire a 96% stake in the company for an...
Since January 1, 2020, the cumulative market value of the world’s listed banks fell by $2,126.7 billion, according to data provided by Capital QI....
Activities on the Zimbabwe Stock Exchange have been suspended, according to a press release signed on 28 June 2020 by Justin Bgoni, the institution's...
Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa...
The Central Bank of Kenya has decided to extend for a further 6 months its measure allowing money transactions via mobile phones to be charge-free for...
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Covid-19: sectors hardly hit by the pandemic will benefit from new tax breaks
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Africa Food Manufacture to invest XAF13 bln in the construction of Cameroon’s first durum flour mill
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Climate financing by leading multilateral development banks tops $61.6 billion
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