News

Afreximbank, Government of Barbados partner for Africa - diaspora trade ties

10-22-2021 | 08:55:00
The African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state.

ITFC signe un accord de financement de 100 millions d’Euros pour soutenir le secteur sénégalais de l’énergie

10-21-2021 | 23:22:00
ITFC signe un accord de financement de 100 millions d’Euros avec la SENELEC pour l'achat de produits pétroliers raffinés et aura donc un impact direct sur la production, la transmission et la distribution d'électricité à travers le pays.

African Development Bank appoints Bajabulile “Swazi” Tshabalala as Senior Vice President

10-21-2021 | 09:01:00
The African Development Bank announced the appointment of Bajabulile “Swazi” Tshabalala as Senior Vice President, effective 1 November 2021.

HSBC partners with Oracle NetSuite to launch Banking as a Service offering

10-20-2021 | 12:25:50
NetSuite customers will be able to automate accounts payable, accounts receivable and reconciliation processes, making it fast and simple to pay bills, send invoices, get paid and gain full cash flow visibility, all from within a unified system.

Goodwell Investments backs Asante Financial Services to bring high-impact digital lending to Africa

10-20-2021 | 09:33:30
The Series A investment enables Asante to scale its credit offerings to the underserved segment of MSMEs in Kenya and Uganda, and expand to Nigeria and Rwanda.

EBRD, EU and Reefy partner support women entrepreneurs in Egypt

10-20-2021 | 08:11:00
The European Bank for Reconstruction and Development (EBRD) is stepping up its support for women entrepreneurs in Egypt, with a loan of €4.3 million to Reefy Microfinance Enterprise Services, the country’s first licensed microfinance institution.

CDC backs first private equity fund from Summit Africa

10-19-2021 | 13:53:29
With this capital, Summit will direct investments to small and medium-sized enterprises (SMEs) in rural and peri-urban areas across South Africa, focusing on the education, healthcare, and financial services sectors.

Nigerian Exchange Limited deepens liquidity with relaunch of Market Making Programme

10-19-2021 | 13:45:56
This comes on the back of the review of its rules to provide the flexibility to implement diverse Market Making programmes across all asset classes listed on The Exchange, as approved by the Securities and Exchange Commission

GE foundation announces grant to provide COVID-19 relief in South Africa

10-18-2021 | 10:10:58
To mark World Food Day the GE Foundation announced a donation of $100,000 USD to provide immediate relief to South Africa’s communities experiencing food insecurity.

New ECA initiative supports city GDP measurement in Africa

10-15-2021 | 12:47:39
A new initiative by the United Nations Economic Commission for Africa (ECA) is supporting African cities to measure their gross domestic product (GDP) – a vital economic well-being indicator.

IFC partners with Egypt’s National Council for Women to boost economic opportunities for women

10-15-2021 | 09:49:00
IFC and Egypt's National Council for Women signed an agreement that will help increase women's economic participation, including by boosting their access to bank lending, promoting equal pay, and providing more flexible work options.

La mise en œuvre du document de stratégie-pays a produit des résultats satisfaisants

10-15-2021 | 09:39:00
Mali a couvert deux cycles de reconstitution du Fonds africain de développement (FAD), le FAD-13 (2014-2016) et le FAD-14 (2017-2019).

African Development Bank debars Sino-Kenya Engineering for fraudulent practices

10-13-2021 | 08:41:58
The African Development Bank announced a 36-month debarment of Sino-Kenya Engineering Group Company and Yuehua Bai, its Managing Director, for fraudulent practices in Kenya.

Le Fonds Africain de développement octroie plus de $10 millions pour l'agricole et le tourisme

10-12-2021 | 18:34:00
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un don de 10,7 millions de dollars américains à Sao Tomé-et-Principe pour la mise en œuvre de la première phase de l’Initiative Zuntámon

La SID accorde un financement de $50 millions en faveur de la compagnie ALAFCO Aviation Lease and Finance

10-12-2021 | 18:23:00
La Société islamique pour le développement du secteur privé et la compagnie ALAFCO Aviation Lease and Finance ont signé un accord de financement syndiqué garanti de quatre ans pour 75 millions USD avec une participation de 50 millions USD de la part de la SID.