Finance - Ecofin Agency

Uganda Releases $145 Million to Strengthen the Parish Development Model

Government released a first tranche of UGX 529 billion ($145 million) to fund more than 10,589 cooperatives. Each cooperative will receive UGX...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations in Africa

Nigeria’s Zenith Bank Eyes East Africa for Expansion, Denies Specific Acquisition Talks

Cameroon Unlocks $44.9M Loan for Businesses with State Guarantees

Cameroon restores state control of ENEO in $137 million deal

State buys back 95 % of ENEO from Actis for CFA78 billion ($137 million) Government plans to refinance ENEO’s CFA800 billion debt and tighten...

Cameroon restores state control of ENEO in $137 million deal

State buys back 95 % of ENEO from Actis for CFA78 billion ($137 million) Government plans to refinance ENEO’s CFA800 billion debt and tighten...

Morocco Approves SGTM Listing on the Casablanca Stock Exchange

AMMC approves SGTM’s IPO involving 20 % of its share capital Share sale could reach 5.04 billion dirhams, with tiered pricing for investors SGTM...

Morocco Approves SGTM Listing on the Casablanca Stock Exchange

AMMC approves SGTM’s IPO involving 20 % of its share capital Share sale could reach 5.04 billion dirhams, with tiered pricing for investors SGTM...

IFC Provides $120mln Guarantee to Baobab for SMEs

IFC to provide a $120 million guarantee for SME loans in six African countries Two dedicated funds will support agriculture and small business...

IFC Provides $120mln Guarantee to Baobab for SMEs

IFC to provide a $120 million guarantee for SME loans in six African countries Two dedicated funds will support agriculture and small business...

Nigeria’s Foreign Reserves Hit $46.7 Billion

Reserves reach $46.7 billion, covering 10.3 months of imports Naira sees a brief appreciation despite long-term depreciation Rating upgrades and...

Nigeria’s Foreign Reserves Hit $46.7 Billion

Reserves reach $46.7 billion, covering 10.3 months of imports Naira sees a brief appreciation despite long-term depreciation Rating upgrades and...

African experts urge G20 to create fast-track debt refinancing tool

Panel warns that several low-income countries face mounting debt pressure Calls for a simple mechanism to replace costly debt with affordable...

African experts urge G20 to create fast-track debt refinancing tool

Panel warns that several low-income countries face mounting debt pressure Calls for a simple mechanism to replace costly debt with affordable...

At G20, African Panel Demands Oversight of Global Rating Agencies, Cites Cost to Development

African experts urge G20 to address bias in global credit ratings Report says unfair ratings raise borrowing costs, harm development efforts AU plans...

At G20, African Panel Demands Oversight of Global Rating Agencies, Cites Cost to Development

African experts urge G20 to address bias in global credit ratings Report says unfair ratings raise borrowing costs, harm development efforts AU plans...

Atlantic Group Eyes Industrial Push in Gabon After Banking Expansion

Atlantic Group aims to expand into industrial sectors, including the creation of a cement production unit and potential mining projects. The...

Atlantic Group Eyes Industrial Push in Gabon After Banking Expansion

Atlantic Group aims to expand into industrial sectors, including the creation of a cement production unit and potential mining projects. The...

With 119 Million Young Consumers, Africa’s Gen Z Is Set to Reshape the Retail Market

Gen Z set to drive Africa’s retail growth, says BCG consumer survey Young consumers prioritize quality, global brands, and hybrid shopping...

With 119 Million Young Consumers, Africa’s Gen Z Is Set to Reshape the Retail Market

Gen Z set to drive Africa’s retail growth, says BCG consumer survey Young consumers prioritize quality, global brands, and hybrid shopping...

Orange Mali Lands €80M Loan to Expand 4G and Drive Green, Inclusive Digital Growth

Orange Mali secures €80M loan to expand 4G and fiber networks Project to improve internet for 300,000 users, focus on rural...

Orange Mali Lands €80M Loan to Expand 4G and Drive Green, Inclusive Digital Growth

Orange Mali secures €80M loan to expand 4G and fiber networks Project to improve internet for 300,000 users, focus on rural...

Africa Shifts Digital Strategy as World Bank and States Target Inclusion Gap

Despite broad mobile coverage, about 70 % of unconnected Africans live in covered areas World Bank and governments push new focus on...

Africa Shifts Digital Strategy as World Bank and States Target Inclusion Gap

Despite broad mobile coverage, about 70 % of unconnected Africans live in covered areas World Bank and governments push new focus on...

Benin Returns to Regional Market After Two Years with 100 Billion CFA Francs Bond Issue

Benin seeks $176.7M via two new bonds on WAEMU market Bonds offer 6% and 6.15% yields, maturing in 2032 and 2035 Return follows $1B...

Benin Returns to Regional Market After Two Years with 100 Billion CFA Francs Bond Issue

Benin seeks $176.7M via two new bonds on WAEMU market Bonds offer 6% and 6.15% yields, maturing in 2032 and 2035 Return follows $1B...

Singita Injects $102m Into Santa Carolina as Private Capital Steps In After Mozambique’s Post-Election Disruptions

Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...

Singita Injects $102m Into Santa Carolina as Private Capital Steps In After Mozambique’s Post-Election Disruptions

Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...

Ivorian Banks Now Lead Senegal’s Funding as Regional Pressures Rise

Côte d'Ivoire keeps BB/B rating, but Senegal debt exposure flagged Ivorian banks now key conduit for risky Senegalese bond financing S&P...

Ivorian Banks Now Lead Senegal’s Funding as Regional Pressures Rise

Côte d'Ivoire keeps BB/B rating, but Senegal debt exposure flagged Ivorian banks now key conduit for risky Senegalese bond financing S&P...

Togo proposes $4.8bn budget for 2026 with strong social focus

Togo adopts a 2026 draft budget of CFA2740.5 billion (around $4.8 billion). Spending rises 14.4%, with nearly half allocated to social...

Togo proposes $4.8bn budget for 2026 with strong social focus

Togo adopts a 2026 draft budget of CFA2740.5 billion (around $4.8 billion). Spending rises 14.4%, with nearly half allocated to social...

Moroccan Clinic Operator Akdital Raises $130M to Add Beds and Expand Abroad

Akdital raised $130M in bonds to fund Morocco, Gulf expansion Plans 2,700 new beds in Morocco; Saudi hospital deal set for 2025 2024 revenue...

Moroccan Clinic Operator Akdital Raises $130M to Add Beds and Expand Abroad

Akdital raised $130M in bonds to fund Morocco, Gulf expansion Plans 2,700 new beds in Morocco; Saudi hospital deal set for 2025 2024 revenue...

Driven by Large Deals, Africa Venture Debt Tops $1.6B in Jan-Sept 2025 and Overtakes Equity

Venture debt surpassed equity as Africa's top startup funding source in 2025 Six major debt deals drove $1.6B raised, led by East...

Driven by Large Deals, Africa Venture Debt Tops $1.6B in Jan-Sept 2025 and Overtakes Equity

Venture debt surpassed equity as Africa's top startup funding source in 2025 Six major debt deals drove $1.6B raised, led by East...

Africa’s Instant Payment Systems Processed $1.98 Trillion in 2024

Africa’s instant payment systems processed 64 billion transactions worth $1.98 trillion in 2024, according to AfricaNenda. The continent counted...

Africa’s Instant Payment Systems Processed $1.98 Trillion in 2024

Africa’s instant payment systems processed 64 billion transactions worth $1.98 trillion in 2024, according to AfricaNenda. The continent counted...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its central role in Africa’s economy and trade across...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its central role in Africa’s economy and trade across...

EIB, Zambian Bank Launch $35M Fund Targeting Agribusiness and Women-Led Firms

EIB and ZICB to mobilize €30M for Zambian agribusiness SMEs 30% of funds reserved for women-led enterprises; €4M risk-sharing...

EIB, Zambian Bank Launch $35M Fund Targeting Agribusiness and Women-Led Firms

EIB and ZICB to mobilize €30M for Zambian agribusiness SMEs 30% of funds reserved for women-led enterprises; €4M risk-sharing...

S. African fintech Lula gets $10 million IFC loan to expand its reach

IFC lends 170 million rand to Lula to boost digital, unsecured SME lending 80% of funds will support micro and small enterprises Deal strengthens a...

S. African fintech Lula gets $10 million IFC loan to expand its reach

IFC lends 170 million rand to Lula to boost digital, unsecured SME lending 80% of funds will support micro and small enterprises Deal strengthens a...

Standard Bank Expands Northward with Egypt Office Opening

Standard Bank opened a representative office in Egypt on November 12, 2025, to connect Gulf and African markets. The bank plans to obtain a full...

Standard Bank Expands Northward with Egypt Office Opening

Standard Bank opened a representative office in Egypt on November 12, 2025, to connect Gulf and African markets. The bank plans to obtain a full...

Nigeria’s Presco Seeks $164 Million From Shareholders to Fund Palm Oil Expansion

Presco launches $164M rights issue to fund expansion, open until Dec. 2 Offer allows shareholders to buy 1 new share for every 6...

Nigeria’s Presco Seeks $164 Million From Shareholders to Fund Palm Oil Expansion

Presco launches $164M rights issue to fund expansion, open until Dec. 2 Offer allows shareholders to buy 1 new share for every 6...

Afreximbank’s FEDA Commits $300 Million to African Minerals Platform

FEDA invests $300M in A2MP to boost Africa’s mineral processing capacity Funds target rare earths, bauxite, manganese for green tech and...

Afreximbank’s FEDA Commits $300 Million to African Minerals Platform

FEDA invests $300M in A2MP to boost Africa’s mineral processing capacity Funds target rare earths, bauxite, manganese for green tech and...

Manuella Zagba: Africa's Business 'Specificities' Are a Competitive Advantage

Manuella Zagba, a management consulting and accounting professional who heads her own firm, Dyese Prolink, focuses on corporate operational efficiency in...

Manuella Zagba: Africa's Business 'Specificities' Are a Competitive Advantage

Manuella Zagba, a management consulting and accounting professional who heads her own firm, Dyese Prolink, focuses on corporate operational efficiency in...

Hikma Pharmaceuticals Inaugurates $17 Million Plant in Tunisia to Expand Regional Exports

Hikma opens $17M pharmaceutical plant in Tunisia to boost exports and supply Facility to produce cardiovascular, diabetes, and antibiotic...

Hikma Pharmaceuticals Inaugurates $17 Million Plant in Tunisia to Expand Regional Exports

Hikma opens $17M pharmaceutical plant in Tunisia to boost exports and supply Facility to produce cardiovascular, diabetes, and antibiotic...

Cameroon Eyes Tourism Growth with Qatar Airways Partnership

Cameroon submits bill to ratify air transport deal with Qatar signed in January Agreement to boost connectivity, attract Qatar Airways, and cut...

Cameroon Eyes Tourism Growth with Qatar Airways Partnership

Cameroon submits bill to ratify air transport deal with Qatar signed in January Agreement to boost connectivity, attract Qatar Airways, and cut...

FEDA announces landmark investment in A2MP to drive Africa’s mining and industrial transformation

(FEDA)-The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank), is...

FEDA announces landmark investment in A2MP to drive Africa’s mining and industrial transformation

(FEDA)-The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank), is...

Nigeria’s Rank Expands with Acquisitions of AjoMoney and Zazzau Microfinance Bank

Nigerian fintech Rank acquires AjoMoney and Zazzau Microfinance Bank to expand services Zazzau rebranded as Rank Microfinance Bank; AjoMoney tech...

Nigeria’s Rank Expands with Acquisitions of AjoMoney and Zazzau Microfinance Bank

Nigerian fintech Rank acquires AjoMoney and Zazzau Microfinance Bank to expand services Zazzau rebranded as Rank Microfinance Bank; AjoMoney tech...

FEDA Invests $75 Million in Spiro to Boost Africa’s Electric Mobility

FEDA injects $75 million into Spiro, Africa’s largest electric two-wheeler company, to fund expansion and battery infrastructure. Spiro targets...

FEDA Invests $75 Million in Spiro to Boost Africa’s Electric Mobility

FEDA injects $75 million into Spiro, Africa’s largest electric two-wheeler company, to fund expansion and battery infrastructure. Spiro targets...

COP30: Africa's Climate Cost and Finance Exclusion

African negotiators initially demanded $1.3 trillion per year to meet Paris Agreement objectives, receiving a fraction of this amount. The COP29...

COP30: Africa's Climate Cost and Finance Exclusion

African negotiators initially demanded $1.3 trillion per year to meet Paris Agreement objectives, receiving a fraction of this amount. The COP29...

Rixos, Alliances Group to Invest $320 Million in New Luxury Hotels Across Morocco

Projects to create 5,500 jobs, introduce first Luxury All-Inclusive resorts Part of Morocco’s plan to attract 26M tourists by 2030 ahead of the World...

Rixos, Alliances Group to Invest $320 Million in New Luxury Hotels Across Morocco

Projects to create 5,500 jobs, introduce first Luxury All-Inclusive resorts Part of Morocco’s plan to attract 26M tourists by 2030 ahead of the World...

Chad secures $16.4bn in investment pledges for “Chad Connexion 2030”

The Abu Dhabi roundtable yielded $16.4 billion in investment commitments. The IsDB and World Bank pledged over $3.3 billion in...

Chad secures $16.4bn in investment pledges for “Chad Connexion 2030”

The Abu Dhabi roundtable yielded $16.4 billion in investment commitments. The IsDB and World Bank pledged over $3.3 billion in...

Nigeria Launches National Payment Stack, Targets Faster Digital Transactions

The new unified platform replaces the NIBSS Instant Payments system. It connects banks, fintechs, and mobile money operators for instant...

Nigeria Launches National Payment Stack, Targets Faster Digital Transactions

The new unified platform replaces the NIBSS Instant Payments system. It connects banks, fintechs, and mobile money operators for instant...

Burkina Faso Raises Over $230 Million on Regional Market

Burkina Faso successfully raised $230.8 million (CFA131.355 billion) through a regional public bond offering. The issuance was oversubscribed at...

Burkina Faso Raises Over $230 Million on Regional Market

Burkina Faso successfully raised $230.8 million (CFA131.355 billion) through a regional public bond offering. The issuance was oversubscribed at...

Senegal Rules Out Debt Restructuring, Vows to Pay with ‘Own Means’

Sonko rejects IMF-backed debt restructuring, calls it national humiliation IMF suspended $1.8B program amid $11B hidden debt, 132%...

Senegal Rules Out Debt Restructuring, Vows to Pay with ‘Own Means’

Sonko rejects IMF-backed debt restructuring, calls it national humiliation IMF suspended $1.8B program amid $11B hidden debt, 132%...

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