News

IFC, Eris Property partner to support affordable student housing in South Africa

05-13-2021 | 07:25:00
To boost the development of affordable, quality, and resource-efficient student accommodation in South Africa for low-income students, IFC announced financing for a new investment platform managed by South Africa's Eris Property Group.

African Development Bank completes clearance of Sudan’s $413m arrears

05-13-2021 | 06:43:00
Following approval of the proposal by the Boards of Directors of the African Development Bank Group to clear about $413 million in arrears on loans owed by Sudan, the Bank Group has completed the arrears clearance process.

CMA approves Crown Paints Kenya rights issue

05-12-2021 | 13:06:54
The Capital Markets Authority (CMA) has granted approval to Crown Paints Kenya to undertake a rights issue to raise Ksh711,810,000 by issuing and listing 71,181,000 new ordinary shares on the Nairobi Securities Exchange.

[Kenya] NSE launches the Unquoted Securities Platform

05-12-2021 | 12:51:00
The Nairobi Securities Exchange (NSE), officially launched its Unquoted Securities Platform (USP), a market infrastructure that facilitates the trading, clearing and settlement of securities of unquoted companies in Kenya.

National Bank of Malawi launches Western Union Money Transfer service

05-11-2021 | 15:14:49
National Bank of Malawi (NBM) plc has entered into a partnership with International Money Transfer Institution to ease money transfer transactions for its customers and non-customers.

African Development Bank invites business enablers to apply for funding to support women entrepreneurs

05-11-2021 | 06:31:57
The African Development Bank is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers.

[Rwanda] U.S. Development Bank supports small businesses and job creation

05-07-2021 | 08:23:30
U.S. International Development Finance Corporation, the U.S. Government’s development bank is seeking to partner with more local businesses in Rwanda to support economic growth.

[Rwanda] Access Bank partners with Exuus to financially empower collective saving schemes through SAVE

05-07-2021 | 07:58:59
Access Bank (Rwanda) Plc in partnership with EXUUS LTD have introduced “SAVE 2.0” a digital solution that aims at encouraging people to save collectively as a group or even friends.

IFC, Absa Bank partner on Africa’s first certified green loan to support green energy projects

05-06-2021 | 13:39:00
IFC, a member of the World Bank Group, will provide Absa Bank with a loan of up to $150 million to support the bank's strategy to expand its climate finance business and help South Africa meet its greenhouse gas reduction targets.

IFC, Ghana’s Securities and Exchange Commission partner to develop green bonds market

05-06-2021 | 13:32:00
IFC and Ghana's Securities and Exchange Commission (SEC), announced a partnership to facilitate investments in projects that address climate and environmental issues through green bonds.

Egypt sees over EGP100b increase in local currency bank deposits

05-06-2021 | 09:01:00
The Central Bank of Egypt (CBE) has revealed that local currency deposits with banks working in the Egyptian market increased by EGP 104.191bn during March 2021.

[Kenya] NCBA Bank launches logbook loan product to support businesses

05-06-2021 | 07:22:42
Under this financing solution, Kenyans will be able to borrow funds against a vehicle that they already own provided the vehicle is not under any financing.

Standard Bank partners with MIT on innovative housing and food project in Namibia

05-06-2021 | 07:20:21
Standard Bank Group and the Massachusetts Institute of Technology's (MIT’s) Center for Bits have partnered on an innovative social upliftment project in Namibia that uses fungal material from mushrooms to develop housing and food products.

Fitch affirms Morocco at 'BB+' with a Stable Outlook

05-06-2021 | 05:57:18
Fitch Ratings has affirmed Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook.

Africa Finance Corporation issues $750m 7-year Eurobond at a yield of 2.99%

05-06-2021 | 05:23:00
In a sign of robust global investor interest in the continent, Africa Finance Corporation (AFC), a multilateral development financial institution dedicated to infrastructure financing in Africa, successfully issued a Eurobond at its lowest yield to date.