The Kenyan subsidiary of U.S. bank CitiBank is mentioned in a loan deal of KSh285 million (about $2.6 million) with the African neobank 4G Capital....
The African Development Bank has approved the participation of the Africa Fertilizer Financing Mechanism (AFFM) in a $4 million partial trade credit...
The African Development Bank hosted its second virtual business opportunities seminar in 2020 (BOS) on 13 and 14 October. The BOS offers a one-stop shop...
The American company Stripe announced on October 15, the conclusion of an agreement to acquire the Nigerian online payment platform Paystack. The amount...
Congo Terminal, the concessionary of the container terminal at the Port of Pointe-Noire, has taken delivery of two new RTG yard gantries. With a 40-tonne...
In sub-Saharan Africa, investment banking activities experienced the worst quarter for years between July and September 2020, according to Refinitiv, a...
Standard Bank plans to strengthen its digital banking services to maintain its leading position in the fintech environment. Africa's largest bank by...
ZamZam Bank has obtained a license from Ethiopia’s banking regulator to carry out Islamic banking activities in the country. With this license, ZamZam...
The African Development Bank Group is pleased to announce the appointment of Dr. Alex Mubiru as Director (Strategy and Delivery) in the Office of the...
The African Development Bank Group is pleased to announce the appointment of Ms. Yacine FAL Director General, Cabinet Office of the President, effective...
The National Youth Employment Support Agency (Ansej), Algeria’s public body that manages the business creation fund, has announced the implementation of...
At least $236.5 million was invested in private equity financing in Africa in September this year, we learned. This only includes operations for...
Union Bank of Nigeria will benefit from a $40 million facility from the International Finance Corporation (IFC) as part of the institution’s Global...
The Resource Mobilization and Partnerships Department (FIRM) of the African Development Bank will hold its second virtual Business Opportunities Seminar...
AfDB interested in transformational agro value chain industrialization projects which add value to competitively-produced commodities in Africa – VP...
Dutch company Goodwell Investments just launched a new fund - Goodwell Impact Privak- targeting fast-growing African SMEs. The vehicle, which pools...
The International Finance Corporation (IFC) said it will invest $25 million in Lorax Capital Partners Fund II, an Egyptian private equity fund, to...
Zambian and Mozambican subsidiaries of plastics manufacturer Arkay Plastics will benefit from an undisclosed investment by Spear Capital, we learned from...
The Kenyan insurance sector is likely to experience a wave of merger/acquisition operations by the end of 2020. The sector’s regulator has given 20 of the...
Dzema Ayessa-Ndinga has been appointed Deputy Managing Director of Terminaux du Bassin du Congo (TBC), effective from 1 October 2020. A Congolese...
Alargan, a company active in the real estate development sector in Kuwait, is interested in the commercial and residential real estate sector in Morocco,...
Lomé-based Ecobank Transnational Incorporated was the main active banking group within the West African Economic and Monetary Union (WAEMU), a report from...
Global Nexus, a Moroccan-based asset management company, filed a complaint in the administrative court against the Moroccan Capital Market Authority...
The world leaders in online payments, VISA has partnered with Mvola, Madagascar ́s leading mobile-money platform, to make life easier for the Malagasy by...
Zambian tech-enabled agricultural startup Good Nature Agro announced it has raised $2.1 million in a Series A funding to support nearly 15,000...
In H1 2020, North Africa attracted the largest number of private equity transactions in Africa. The region also comes first in the ranking by value,...
US stock exchanges are one of the big winners of this pandemic period. Key indices in these financial markets again posted record gains in the third...
The group of international investors holding 70% of Zambia’s three Eurobonds turned down today September 30 the country’s request to obtain a 6-month...
The European Bank for Reconstruction and Development (EBRD) and the World Tourism Organization (UNWTO) join forces to make the global tourism sector more...
The Egyptian government will soon issue its first sovereign green bonds worth $500 million. The information was reported by local media quoting the...
France is expected to borrow up to €260 billion on money markets next year, a record level since 2018. This is included in the finance bill for...
The National Bank of Egypt (NBE), one of the largest public banks in Egypt, has finalized the mobilization of EGP2 billion (about $127 million) for...
The World Business Angels Investment Forum today announced the African Development Bank as its newest Board Member. In this capacity the Bank will...
Billionaire Jack Ma who founded the e-commerce platform Alibaba has just been displaced as the richest man in China by a bottled water vendor who goes by...
Attijariwafa Bank, Morocco’s leading banking group by market capitalization and volume of transaction, posted a consolidated net profit of MAD1.6 billion...

Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

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