In its fourth private placement funding round, Tanzania's CRDB Bank Group raised $130 million, bringing the total amount already raised from international investors in 2022 to over $280 million. CRDB Tanzania has again attracted the attention of foreign investors this year by raising $130 million in an international syndicated loan transaction arranged by Investec Bank, a South...

On Thursday, September 15, the Tunisian government signed an agreement with trade unionists to increase civil servants’ pay. It is now focused on negotiating a reform program with the IMF.  The Tunisian government expects an agreement with the International Monetary Fund (IMF) by the end of October. According to Government Spokesman Nasreddine Nsibi (photo), Tunisia's file will be...

ARISE Integrated Industrial Platforms (ARISE IIP), developer and operator of world-class industrial ecosystems in Africa, is proud to announce, in partnership with the government of the Democratic Republic of Congo, the signing of a framework agreement for the development of the Kin-Malebo industrial zone. This ambitious agreement will contribute to the industrialization of strategic sectors in...

Young entrepreneurs between the ages of 18 and 35 are invited to submit their business plans through the official submission portal. Twenty winners will each be awarded $100,000 and will receive capacity-building training, mentorship and coaching.  The Global Center on Adaptation, African Development Bank and Climate Investment Funds have launched a call for applications for the second...

Banks operating in DR Congo are required to increase their minimum capital from US$30 million currently, to US$50 million, according to a recently released International Monetary Fund assessment report. The capital increase is expected to be carried out following some regulatory milestones.  Banks operating in the Democratic Republic of Congo are required to have a minimum capital of US$35...

Cameroon’s Minister of Agriculture and Rural Development Gabriel Mbairobe and the General Manager of the Commercial Bank of Cameroon, Léandre Djummo, have signed, on September 8, 2022, in Yaoundé, an agreement for the establishment of an Agricultural Sector Development Fund. The African Development Bank’s Director General for Central Africa, Serge N'Guessan, also attended the signing. The...

BCEAO once again raised its key rate, tightening money supply conditions, to contain inflation. However, in the region, containing inflation requires more than a monetary policy and a report by Ecofin Agency explains.  At the end of its monetary policy committee meeting on Wednesday, September 14, the Central Bank of West African States (BCEAO) decided to, once again, raise its key rate...

Liquid is Eutelsat’s long-standing partner. Under a long-term contract that was renewed and extended in 2021, it operates the Ku-band resources of the EUTELSAT 7B satellite to provide VSAT services in sub-Saharan Africa. Pan-African Internet service provider (ISP) Liquid Intelligent Technologies announced on Thursday, September 15, a new partnership agreement with French satellite operator...

The United States government has announced it will provide a $5 million grant to the African Development Bank to support efforts to abate methane gas emission, across Africa. Methane accounts for about half of the net rise in global average temperature since the pre-industrial era. The grant, subject to the completion of US domestic procedures and approvals, will go to the multi-donor...

The drop in cryptocurrencies’ value has not dented their adoption. Three African countries are among the top 20 global countries with the highest adoption rate.  In Africa, Nigeria is the leading country in terms of cryptocurrency adoption, according to a blog post from  Chainalysis, a U.S-based blockchain analytics company. The index published by the U.S. company aims to distinguish...