East Africa accounted for almost two-thirds of the funding raised by start-ups active on the continent last month, thanks in particular to the mega-rounds...
Although the possibility of dollarization of the Kenyan economy and the perception of a high level of risk are the factors highlighted to counter the...
MStudio officially launched its activities in Abidjan, Côte d’Ivoire, on March 7, 2023. The company aims to spur the growth of start-ups in Francophone...
The Nigerian financial market is reacting favorably to Tinubu's promises to remove fuel subsidies to finance infrastructure and unify exchange rates....
The international financial institution has participated in the final closing of the $70 million African Conservation and Community Tourism Fund....
The Gambia, Ghana, Liberia, Sierra Leone and Sudan plan to contribute $1 million each to ADF’s next replenishment cycle
Five African Development...
Kenya's Zydii becomes the second African company to join the portfolio of Dutch investor Dob Equity this year. The funds secured will finance its...
This is the first close of this fund managed by investment bank Lion's Head and advised by E3 Capital. The funds raised will be invested in companies...
In early May, Fitch downgraded Egypt’s sovereign rating to "B" with a negative outlook. Three of the four banks, whose ratings it downgraded, are public...
Africa Investment Forum’s current pipeline, comprises 90 deals valued at $62.9 billion
The curated projects, which are drawn from all of Africa’s...
The banking group, which claims more than 6 million customers in South Africa and the Philippines, believes the Vietnamese market is a perfect fit for its...
On May 16, 2023, the West African Development Bank (WADB)’s Press Club exchanged with journalists from WAEMU countries on climate finance in West Africa....
With the acquisition, the South African group reinforces its partnership with Khula, which specializes in the distribution of agricultural inputs and...
The Board of Directors of the African Development Bank has approved a $15 million subordinated loan to Infrastructure Credit Guarantee Company...
The expected boom in the African fintech industry will be fueled primarily by low banking rates, high population growth, and the high proportion of the...
The Board of Directors of the African Development Bank on 16 May 2023 approved a $11.7 million budgetary allocation to the African Fertilizer...
Africa contributes the least - less than 3% -- to global warming, yet the continent is the most vulnerable to climate risks. To build resilience against...
The South African banking group which has branches in 10 African countries plans to offer advisory services to Chinese companies interested in investing...
The startup, which claims to have provided $1 billion in credit to about 3 million unbanked customers, is set to expand into South Africa and enter...
The African Development Bank is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part...
Last January, the International Monetary Fund (IMF) approved a $38.4 million assistance program for Guinea-Bissau under the Extended Credit Facility...
The points discussed are crucial for the proposed reform of the World Bank, but they only focus on U.S. priorities. Yet the World Bank's new role in...
After securing €13 million in financing from the EBRD last November, Moroccan banking group BOA is once more reaching out to the European lender for...
During the IsDB's 2023 Annual Meeting, Mali, Gambia, and Djibouti signed agreements with the International Islamic Trade Finance Corporation (ITFC) that...
The subsidiary of Moroccan investment holding H&S Invest Holding will open its capital to the French investor STOA, engaged in infrastructure projects in...
Titan currently owns 94.05% of Union Bank. With the new process initiated, it wants to acquire the remaining 5.95%.
Titan Trust Bank (TTB) Limited...
Even as a child, Gninlnagnon Koné , a young man from Katiola in north central Côte d’Ivoire, liked to follow his parents, who grew tubers and maize, to...
The IMF estimates that the significant reduction of tariff and non-tariff barriers should be accompanied by far-reaching reforms of the business...
Since the beginning of April, the WAEMU government securities market has been gradually recovering, after the slowdown observed in the first quarter. The...
Last year was difficult for Unilever's Ivorian subsidiary, as it faced challenges in its export markets, particularly Mali, and the sale of its tea...
The investment is the mezzanine fund manager’s third in Morroco and 34th in Africa. The operation marks the exit of AfricInvest, which will leave Promamec...
Pioneer in renewable energy in Africa, Africa REN announces a change in the shareholding of Senergy 2 solar power plant. Historical shareholders have sold...
The liberalization of Ethiopia’s banking sector, promised in early 2022 by Prime Minister Abiy Ahmed, is eagerly awaited by many African banks, including...
The two plants should make 100,000 cars per year, each. Egypt, which already has a well-established automotive ecosystem, is a favorite candidate to host...
Most commodity prices are expected to decline sharply this year amid sluggish global economic growth. But gas, oil, coal, and food prices will remain...
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AGL joins the United Nations Global Compact to contribute to building a more sustainable future
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