The African Development Bank Group and the Government of Canada have established a new special fund to support Africa’s small and medium-sized enterprises...
The new rules imposed aim to protect consumers against scandals that cost South African users huge amounts of money between 2020 and 2021. The South...
The Board of Directors of the African Development Bank Group has approved a dual-currency Trade Finance Line of Credit for ECOWAS Bank for Investment and...
The country is relying on the regional market to meet its growing financing needs due to its difficulties in accessing international markets. During...
From US$1.1 billion in 2021, the region attracted less than US$600 million in 2022. This is mainly due to the poor performance of startups in South...
According to recent research by the international rating agency Fitch Ratings, the Nigerian Islamic finance industry is expected to continue to grow over...
The fund follows two investments already made by Criterion in Form Ghana. Last Monday, private equity firm Criterion Africa Partners, announced it...
Three years earlier, the bank had already secured a €25 mln loan from the same institution to support its small business lending activity. Last...
CFAO is expanding distribution for luxury automaker Mercedes‑Benz in four more African countries: Cameroon, Côte d’Ivoire, Ghana and Senegal. These four...
The performance was supported by a rise in its commission income and revenues from intermediation activities. Attijari Bank Tunisia, the local subsidiary...
Through its investment branch Sanlam Investments, the insurance company acquired SkipWaste, which then becomes the fourth firm to join its SPE Mid-Market...
In 2021, the two institutions had granted a US$170 million syndicated loan to Africa Finance Corporation, which is receiving the new loan. French...
Thanks to this support from Proparco, Investec will become the second bank in South Africa to join the Transforming financial systems for climate, a...
The funding came just days after Kwara acquired software development firm Irnet and two years after its US$4 million seed round. Kenyan fintech startup...
The operation aims to counter inflation, which is expected to reach 3.9% this year. Morocco's central bank, Bank Al-Maghrib, is scheduled to launch,...
The debt securities will help fund local firms outside the banking system. Afrinvest Capital announced, Thursday (January 12), the issuance of up to NGN5...
During the period, they raised 37% of the overall VC funding in Africa. Although Nigeria remained the destination of a sizable portion of the funding,...
By acquiring InstaDeep, BioNTech wants to integrate artificial intelligence capabilities into its drug discovery, manufacturing, and distribution...
The yet-to-be-finalized transaction will mark the French private equity firm's exit from the Egyptian subsidiary of Total. B Investments, the Egyptian...
In addition to taking over its sister company Sonatel (Senegal)'s position as the most valued company on the BRVM, Orange Côte d'Ivoire is also...
The Board of Directors of the African Development Bank Group has approved a $40 million Trade Finance Package in favor of Bank One Limited of...
The Board of Directors of the African Development Bank Group has approved a $27 million and €10 million loan package to co-finance the...
The Congo rainforest sequesters more CO2 than the Amazonian and Southeast Asia combined. It is the most important tropical carbon sink. Yet, the funds...
MSC Group is pleased to confirm that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics....
The return on equity of banks operating in the continent's five largest markets has declined by 2.6% since 2016, driven by a combination of declining...
The Board of Directors of the African Development Bank Group has approved  a ZAR 2.2 Billion line of credit facility to the Development Bank of...
This is the best performance recorded by the bank since 2020.  Société Ivoirienne de Banque recently posted XOF26.6 billion (US$43 million) as its...
The Board of Directors of the African Development Bank Group has approved a $10 million Trade Finance Transaction Guarantee (TG) to Banco Fomento de...
The dream FTX Group sold to its investors turned to disillusionment with the firm filing for bankruptcy. Up to a few weeks ago, the firm was still...
In 2021, African countries monetized only 22 megatons of CO2 equivalent for an estimated US$123 million. For the experts of the Africa Carbon Markets...
Speaking at the US-Africa summit in Washington, the Cameroonian president defended the construction, with partners, of an African capital market in order...
The Board of Directors of the African Development Bank Group on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency...
One of the promises of financial investments is to profitably roam through economic cycles.  However, on the West African stock market, BRVM, this...
While praising the resilience of African banks in complex domestic and international conditions, Fitch Ratings believes that persistent imbalances in...
The Board of Directors of the African Development Bank Group has approved a $10 million reimbursable grant from the Sustainable Energy Fund for...

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