The World Bank approved a $400 million program to support Morocco’ social protection system, as part of the kingdom’s sweeping reforms to strengthen its social safety nets.

IFC announced a loan to I&M Bank Rwanda, to help the bank increase lending to potentially thousands of Small and Medium Sized enterprises in Rwanda, many of which are facing COVID-19-related liquidity challenges.

The Nigerian Stock Exchange (NSE) announced the migration of Chellarams , Living Trust Mortgage , McNichols , and The Initiates from the Alternative Securities Market (ASeM) to the Growth Board.

SouthBridge Group, the official financial advisor of the Togolese government, has announced two transactions with Olam International Limited and its subsidiary Arise Special Economic Zone.

LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Sasol, a global integrated chemicals and energy company, announced the closing of their Louisiana-based Integrated Polyethylene JV transaction.

To enhance efforts to combat the scourge of Illicit Financial Flows on the African Continent, the African Union through the Department of Economic Affairs, will launch a Multi-Donor Action to add to the existing mechanisms to stem the illicit outflows.

The African Development Bank (AfDB), granted an additional donation of $3.52 million to the Central African Republic to help the country to complete the first phase of an electricity interconnection project with the Democratic Republic of the Congo (DRC).

Afreximbank officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions, corporate entities and SMEs, developed to address the perceived risk of doing business in Africa and with Africans.

The African Development Bank approved $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.

The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio.

Sarwa Capital, Egypt’s consumer and structured financial services provider, has successfully closed its inaugural Sukuk issuance by Sarwa Sukuk Company; a subsidiary of Sarwa Capital, of $159.8 million.

The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.

The Ecobank Group launches ‘Ellevate’, a programme for women-owned and women-focused businesses across 33 markets.

KCB Group (KCB) and Atlas Mara (ATMA) have signed a definitive agreement for KCB to acquire 62.06% stake in Banque Populaire du Rwanda and 100% stake in African Banking Corporation Tanzania from ATMA.

Global broking business Brokerslink has launched its dedicated iinternational insurance programme management platform to drive the continued growth and digitalisation of its international portfolio.