News

The Ecobank Group secures €100 million credit facility from European Investment Bank to fund SMEs

11-25-2021 | 07:00:00
The facility affirms joint Ecobank Group and EIB targeted support for business investment across Africa, with particular support for the sectors most impacted by the COVID-19 pandemic.

TDB partners with KfW to bolster sustainable economic development in Africa

11-24-2021 | 14:40:25
KfW Development Bank extended a 15-year $100 million infrastructure line of credit to the Eastern and Southern African Trade and Development Bank (TDB), and a €220,000 capacity-building grant to support its implementation.

L'ITFC signe un accord de 40 millions d'euros avec la SONACOS pour financer la campagne arachidière au Sénégal

11-24-2021 | 11:37:00
La Société Internationale Islamique de Financement du Commerce (ITFC), a accordé un financement de 40 millions d'euros à la Société nationale de commercialisation des oléagineux du Sénégal (SONACOS).

[Rwanda] EIB and BRD to provide EUR 30 million for business impacted by COVID-19

11-24-2021 | 08:52:12
New investments by Rwandan companies will benefit from a business financing initiative backed by the Development Bank of Rwanda and the European Investment Bank launched in Kigali.

[Kenya] CMA licenses Globetec Asset Managers as fund manager

11-23-2021 | 10:30:00
The Capital Markets Authority (CMA) announced it has licensed Globetec Asset Managers Limited as a fund manager.

The Gambia increases stake in Shelter Afrique with $19,200 additional capital payment

11-23-2021 | 10:18:00
The Government of Gambia has increased its stake in Shelter Afrique after paying $19,218.96 in additional capital, the pan-African housing development financier disclosed.

[South Africa] JIS partners with global investor relations firm Orient Capital to offer investor relations-focused services

11-22-2021 | 12:27:04
Announcing the deal, JSE’s Director for Capital Markets, Valdene Reddy says Orient Capital will provide a broad range of investor relations-focused services including shareholder analytics and shareholder engagement tools for JIS clients.

FMO partners with Northern Arc Capital to support young, female, migrant and COVID19-affected entrepreneurs

11-22-2021 | 08:41:06
NASIRA is a risk sharing facility provided by FMO for local financial institutions lending to underserved segments.

Afreximbank signs $50 million new debt financing for the Geometric Power IPP Power Project

11-22-2021 | 08:35:21
The facility provided by Afreximbank to Geometric Power Limited will finance the initial capital required to acquire rights to the Aba Ring Fenced Area.

[RDC] L'AfDB accorde plus de 70 Millions de dollars de prêt au développement Agro-Industriel

11-22-2021 | 08:09:00
Le Conseil d’administration du Groupe de la Banque africaine de développement a accordé un prêt du Fonds Africain de Développement de 70,76 millions de dollars américains à la République démocratique du Congo (RDC) pour le développement agro-industriel.

L'AfDB et le Madagascar signent des accords de 36,5 millions d’euros pour des réseaux de transport d’électricité

11-19-2021 | 10:05:00
Le Groupe de la Banque africaine de développement et le gouvernement de Madagascar ont signé des accords de financement de 36,48 millions d’euros pour le renforcement et interconnexion des réseaux de transport d’énergie électrique à Madagascar.

Afreximbank signs agreement with African Risk Capacity Group to enhance resilience and disaster risk financing initiatives

11-19-2021 | 09:01:54
The purpose of the MOU is to enable joint member states to enhance disaster response and resiliency initiatives using available banking and insurance products suited for localized challenges.

[Egypt] EFG Hermes Holding concludes acquisition of Arab Investment Bank

11-19-2021 | 07:56:58
The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE Financial Services & Fintech Subfund, a subfund fully owned by the Sovereign Fund of Egypt, EFG Hermes Holding’s valued partner, acquiring a 25% stake.

IFC partners with Absa to boost trade finance in Sub-Saharan Africa

11-19-2021 | 07:44:27
IFC welcomed Absa Bank to its Global Trade Liquidity Program (GTLP) to boost access to trade finance in sub-Saharan Africa, especially in low income and fragile countries.

East Africa GDP set for full recovery in two years, AfDB economic outlook

11-17-2021 | 18:52:45
The East African economic growth is projected to recover this year despite COVID-19 setback thanks to sustained public spending on infrastructure and improved performance of the agricultural sector.