News

World Bank approves $400m program to support Morocco’s social protection response and reform

12-04-2020 | 07:59:00
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 loans $10m to I&M Bank Rwanda to support SMEs, economic activity and Jobs

12-04-2020 | 07:31:00
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.

[Nigeria] NSE migrates four companies from ASeM to Growth Board

12-03-2020 | 12:21:15
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 announces two major transactions in Togo

12-03-2020 | 10:49:00
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.

[South Africa] LyondellBasell, Sasol complete Louisiana Joint Venture transaction

12-02-2020 | 07:48:00
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.

African Union to launch Multi-Donor Action against Illicit financial flows in Africa

12-02-2020 | 06:37:00
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.

AfDB grants additional $3.5m to Central African Republic for electricity interconnection project with DRC

12-01-2020 | 14:12:00
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 launches MANSA, Africa’s digital due diligence repository

12-01-2020 | 05:57:00
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.

African Development Bank invests in SPARK+ Africa Fund to deliver clean cooking solution

11-30-2020 | 14:27:00
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.

African Development Bank achieves satisfactory results in Madagascar

11-30-2020 | 07:51:07
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 closes its inaugural Sukuk issuance of $159.8m in Egypt

11-30-2020 | 06:26:00
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.

African Development Bank approves $120m loan to build Malagarasi hydropower project in Tanzania

11-27-2020 | 12:54:00
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.

Ecobank launches financial programme targeting women led businesses across 33 markets

11-27-2020 | 06:02:03
The Ecobank Group launches ‘Ellevate’, a programme for women-owned and women-focused businesses across 33 markets.

KCB, Atlas Mara sign acquisition deal for Rwanda, Tanzania banking businesses

11-26-2020 | 12:38:00
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.

Brokerslink launches international insurance platform to drive its business portfolio

11-25-2020 | 13:29:32
Global broking business Brokerslink has launched its dedicated iinternational insurance programme management platform to drive the continued growth and digitalisation of its international portfolio.