After a decade of consistent growth, the volume of investment captured by African startups has seen a year-on-year decline in 2023. This drop is...
The healthtech industry in Africa showed resilience over the past year, only dipping 2% in funding. In contrast, the broader African tech world saw a...
From March 2023 to January 2024, AGL Côte d'Ivoire carried out the end-to-end logistics of the medical equipment, ordered by the Ivorian Ministry of...
The Central Bank of West African States (BCEAO) issued an instruction on January 31, 2024, outlining the procedures for providing payment services within...
The International Finance Corporation (IFC) announced on February 1 the establishment of a $100 million financing facility for the Moroccan...
Nigerian billionaire Aliko Dangote announced an investment of over $1 billion to develop a phosphate project in Senegal. The announcement came on...
KeysFinance Partners, partnering with a consortium of Ivorian investors through "NSI" investment vehicle, is delighted to announce the official...
AXIAN Investment, a leading investment firm committed to fostering African start-ups, announces two new deals. With Bfree, AXIAN confirms its willingness...
The Fund for Export Development in Africa (FEDA), the development impact-focused subsidiary of the African Export-Import Bank (Afreximbank), has announced...
The United Nations Development Program (UNDP) has joined forces with African nations to develop an innovative fund named "Timbuktoo". This tool is aimed...
In a strategic move to support green small and medium-sized enterprises (SMEs), young entrepreneurs, and female-led firms in Burkina Faso, Guinea, Gambia,...
The Board of Directors of the African Development Bank (AfDB) agreed on Wednesday that the Bank should take a stake of USD 10.50 million in the capital of...
The 59th Annual Meeting of the Board of Governors of the African Development Bank and the 50th Meeting of the Board of Governors of the African...
The outstanding non-repaid bank credits of the Central African Economic and Monetary Community (Cemac) reached CFA1,917.9 billion on December 31, 2022....
Kenya, South Africa, Egypt, and Nigeria collectively absorbed nearly 75% of the total funding raised by African startups in 2023, with fintech companies...
The loanis the very first agreement between the Canadian financial institution and the West African Development Bank. It will in crease financing for...
Despite a 14% decrease in the value of palm oil since the beginning of 2023, positive signs are emerging with a recovery in prices, increased demand from...
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed a US$ 30 million senior secured...
The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor, has once again...
The International Finance Corporation's (IFC) investment in the second fund of A.P. Moller Capital is awaiting approval since August 31, 2023. The...
The Board of Directors of the African Development Bank Group approved a loan of EUR 74.25 million to Cameroon in Abidjan on 14 December 2023 to implement...
Meeting in Abidjan on 13 December 2023, the Board of Directors of the African Development Bank Group approved a loan of $105.19 million to Angola to...
Vista Group is among the African companies that are taking advantage of Société Générale’s decision to exit more African countries.  Société...
The ECOWAS Bank for Investment and Development (EBID) extended a line of credit totaling EUR 30 million to MANSA Bank in a ceremony held in Abidjan, Côte...
The women-focused investment fund Wic Capital has secured a line of credit from UK investor FSD Africa to continue financing women entrepreneurs in...
As the global venture capital market cools down, African startups are increasingly turning to non-dilutive funding to meet their capital needs. According...
Meeting in Abidjan on 5 December 2023, the Board of Directors of the African Development Bank Group approved a grant of $33.25 million to Mozambique...
Meeting on 1 December in Abidjan, the Board of Directors of the African Development Bank Group approved a loan of $252.83 million to Uganda, to...
“Together, we have opportunities to create youth wealth and eradicate poverty, which is not a tradable commodity.” Akinwumi Adesina  The President...
The African Development Bank (AfDB) has announced commitments of $20 million for Nigerian SMEs with FSDH and $148 million in Egypt with CIB....
The International Finance Corporation (IFC) announced a second commitment to the latest Apis fund. The move aims to support companies in Africa and Asia...
In a year since it was launched at COP 27, the African Green Bank Initiative has kickstarted four green banks and helped the capitalisation of...
NJS Group announces that it has today finalized the acquisition of YARA CAMEROUN shares from Yara International ASA. The transaction has been approved by...
The Board of Directors of the African Development Bank Group on Wednesday approved a €101.10 million loan to Kenya to implement the third phase...
The market for Buy Now, Pay Later (BNPL) in Africa & the Middle East is set to nearly triple by 2028, reaching $28.6 billion, up from $9.9...

ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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