News

Ecobank Group announces the top five finalists in its 2021 Fintech Challenge

11-11-2021 | 22:11:43
Ecobank Group has announced the finalists of the 2021 Ecobank Fintech Challenge.

Le Groupe Ecobank annonce les cinq finalistes de l’édition 2021 de son Fintech Challenge

11-11-2021 | 22:05:00
Les finalistes, sélectionnés parmi près de 900 Fintechs candidates au Ecobank Fintech challenge 2021 participeront à une finale virtuelle qui aura lieu le mois prochain.

IFC, Proparco and EAIF invest in cement producer CIMAF to meet rising demand in West Africa

11-11-2021 | 07:57:00
IFC, Proparco, the French Development Institution and Emerging Africa Infrastructure Fund (EAIF) are partnering with Ciments de l'Afrique (CIMAF), to help the company boost its production of cement in West Africa.

Afreximbank and ITFC ratify US$250 million finance facility to Support Africa

11-10-2021 | 14:46:00
Afreximbank and ITFC, signed a US$250 million facility to provide funds for the Bank to advance procurement of COVID-19 vaccines and drive a trade-based economic recovery.

Africa Finance Corporation onboards all West African countries as members

11-09-2021 | 09:45:00
Africa Finance Corporation (AFC) has welcomed the Republic of Niger as its 33rd member state. The Corporation has now achieved 60% of countries of Africa as member states.

Afreximbank awards $400,000 grant to Nigeria's NIPRD to boost local production of active pharmaceutical ingredients

11-08-2021 | 12:44:00
The grant represents a significant proportion of the estimated funds required to implement the project.

AfCFTA poised to dramatically increase Nigeria’s exports

11-08-2021 | 08:57:00
The Lagos preview event showcased a range of topics and opportunities due to be addressed at IATF21, which Nigeria, sub-Saharan Africa’s largest economy and the continent’s most populous country, is poised to capitalise on.

Moody’s affirms African Development Bank AAA rating with a stable outlook

11-05-2021 | 07:50:00
Moody's Investors Service (Moody's) has affirmed African Development Bank's AAA long-term issuer and senior unsecured ratings with a stable outlook.

German government announces €18 million support to subsidize climate insurance for African Risk Capacity member states

11-05-2021 | 07:05:00
ARC, an African Union initiative that is led by 35 AU Member States, provides insurance for droughts and tropical cyclones. The standard approach to pay for climate disasters is slow and unpredictable, using humanitarian appeals or loans arranged after a disaster strikes.

Oikocredit provides €5m loan to CMS to strengthen its financial inclusion portfolio in Senegal

11-04-2021 | 10:25:00
Social impact investor Oikocredit provided a loan of €5 million to Union des Caisses de Credit Mutuel du Sénégal (CMS), a microfinance institution in Senegal with presence in almost every region of the country.

World Bank approves $360m to support Egypt’s inclusive and sustainable economic growth

11-04-2021 | 08:56:00
The World Bank approved a $360 million Development Policy Financing (DPF) loan to support Egypt’s recovery and enhance the country’s prospects for sustainable and inclusive growth.

Beta Egypt inks mortgage financing protocol with Qatari National Bank

11-04-2021 | 07:34:15
The deal allows Beta Egypt customers to purchase luxury units making use of the long-term mortgages the bank will offer at an interest rate of 8.3 per cent, as part of the Central Bank of Egypt's (CBE) initiatives, along with a variety of QNB mortgage programs.

[South Africa] Prosus increases stake in Delivery Hero

11-03-2021 | 10:26:00
Prosus, a major subsidiary of South African Naspers, has entered into an agreement to acquire an additional 2.5% stake in Delivery Hero, subject to regulatory approval, through its subsidiary, MIH Food Holdings B.V.

AfDB approves $57.67 million loan to Eskom to boost electricity generation from renewable sources

11-01-2021 | 10:29:00
The Board of Directors of the African Development Bank has approved a $57.67 million loan to Eskom Holdings SOC Ltd that will increase electricity generation from reliable and efficient renewable energy sources.

Prudential opens Africa Regional Headquarters in Nairobi, Kenya

10-29-2021 | 14:05:00
Prudential announced the opening of its Africa Regional Headquarters in Nairobi, Kenya. The life insurer moved its Africa Regional Headquarters from London to Nairobi to provide its businesses across Africa with greater support.