Le conseil d’administration du FMI conclut les premières revues de la facilité élargie de crédit (FEC) et du mécanisme élargi de crédit (MEDC) de la Côte d’Ivoire
Kenya’s President William Ruto has promised to sign the Startup Bill 2022 into law. Speaking during the Kenya Innovation Week (KIW), the president said he will sign the bill into law by April next year.
West African Development Bank and Africa Finance Corporation form strategic partnership to drive economic development
AFC and West African Development Bank announced a strategic Memorandum of Understanding (MoU), solidifying their joint commitment to promote infrastructure and economic progress across Western African state.
In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA).
The portal provides tools to ensure the technical quality of the offers being made and exchanged are transparent and confidentiality in information sharing. It also provides messaging tools for users to interact safely and support the provision of trade in services data collected from all Member States.
Le Conseil d’Administration de la Banque Ouest Africaine de Développement (BOAD) s’est réuni et autorise de nouveaux engagements pour un montant global de 117 milliards FCFA.
The hotel’s array of Scandinavian inspired accommodation will range from contemporary standard rooms to expansive executive suites, including a presidential suite.
Somalia was admitted into the East African Community (EAC) on Friday Novermber24, 2023 the eighth member of the bloc as it seeks to expand free trade across the region.
It joins Kenya, Burundi, the Democratic Republic of the Congo, Rwanda, South Sudan, Uganda and Tanzania in the bloc.
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé l’octroi d’un prêt de 86,89 millions d’euros au Sénégal pour développer une zone de transformation agro-industrielle dans le Nord du pays.
The agreement entails training for over 70 Kenyan government officials, academics and private sector individuals in advanced Geographic Information Systems (GIS) over the course of one year.
The ECOWAS Bank for Investment and Development (EBID) has signed an agreement with WEMA Bank Plc, Nigeria providing a USD50 Million line of credit to support Small and Medium Enterprises (SMEs) in the agro-business sector in the Federal Republic of Nigeria.
Microsoft will engage the National Government, Ministries, Departments and Agencies through the ICT Authority in a joint working framework according to an agreement signed on Wednesday. The framework is expected to be finalized in February 2024.
Cairo International Financial Center to be the most important financial center and the primary platform for venture capital funds in the Middle East.
The Trade Competitiveness and Market Access program (EUR 40 million) will focus on improving the overall trade competitiveness of COMESA member states, while seeking opportunities that come along with global challenges, such as climate change, and making trade more sustainable.
FSD accorde environ 2 milliards de riyals de prêts pour soutenir des projets de développement en Afrique
Le Fonds saoudien pour le développement accorde environ 2 milliards de riyals de prêts concessionnels pour soutenir des projets de développement en Afrique.
Looking ahead, the World Bank has announced it is fully committed to support Kenya in its journey to become an upper-middle-income country by 2030.
Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced today that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent.
Egypt and India have signed bilateral cooperation between the two countries that will help confront global economic challenges.
Les Market Days 2023 de l’Africa Investment Forum (AIF) ont suscité 34,82 milliards de dollars d’intérêts d’investissement pour des projets dans les infrastructures, l’agriculture, les soins de santé et les industries créatives.
Konza Technopolis has launched the first ever Jitume Lab for youth with special needs at the Machakos Technical Training Institute for the Blind. The launch was presided over by the Chief of Staff and Head of Public Service, Mr. Felix Koskei.
Africa is often characterised as a continent poised for economic growth and development. Often, prosperity and development in Africa can be linked back to exports and the benefits that they generate.
Also set to receive the new card with enhanced security are applicants seeking replacements for defaced or lost cards as the government tests the country’s preparedness for a full rollout of digital IDs.
L’équipe du FMI est parvenue à un accord au niveau des services avec la République démocratique du Congo pour la cinquième revue de la facilité élargie de crédit.
IFC investit dans la première titrisation du Programme Électricité pour Tous (PEPT) pour soutenir l’accès à l’électricité en Côte d’Ivoire.
Kenya's ICT and the Digital Economy Permanent Secretary (PS), Eng. John Tanui has reaffirmed the government’s commitment to growing the country’s digital economy by enacting a safe and secure cyberspace.
African governments must find scalable means of tax collection to generate additional income, Bento study
The Bento study delves into taxation systems in 53 African countries and underscores the advantages of governments adopting digital payroll systems to collect income tax and other obligatory deductions accurately.
BAD lance une initiative de renforcement des capacités pour améliorer le commerce en Afrique de l’Est
Les programmes de facilitation des échanges de la Banque étaient conçus pour réduire les obstacles au commerce international et faciliter le commerce intra-africain et extérieur.
After the success of the Inclusive ESG Framework developed by FII Institute in 2022, this year, FII Institute has partnered with ESG Book to create an online tool and score for investors to analyze ESG performance and make better investment decisions.
Africa Finance Corporation to lead US-backed development of the Lobito Corridor and Zambia-Lobito Rail Line
AFC joined with the U.S. Government, EU, AfDB and the governments of Angola, the Democratic Republic of Congo and Zambia to sign a Memorandum of Understanding (MoU) to develop the Lobito Corridor connecting northwest Zambia to the Benguela rail line in Angola and ultimately to the port of Lobito.
120 projects have been & are being implemented with bilateral development partners through debt swap programs worth $730 million In Egypt.
Future Investment Initiative Institute resolves to remove 5.4 trillion investment gap in emerging markets.
Delegates call for new global compass to boost economic environment and supercharge renewable energy investments.
The milestone aligns with the timeline of the Congo LNG project, whose first phase will startup in December 2023. The project will reach approximately 4.5 BCMA of gas liquefaction capacity at plateau.
The two-day Conference was officially opened by the President of the Republic of Botswana, His Excellency Dr. Mokgweetsi Keabetswe Masisi.
Rwanda Government partners with SoftBank to deliver world’s first 5G connectivity from the stratosphere
The successful 5G connectivity demonstration follows a stratospheric flight test conducted in Rwanda in June 2023, during which the HAPS UAV prototype carried a mockup of the payload with a similar weight and dimensions.
Konza Technopolis and the Ministry of Health have unveiled a new medical system designed to unify medical records in public hospitals across the country.
The Kenya Government has entered into an agreement with Huawei Technologies that will see the two parties collaborate on the development of the country’s ICT infrastructure, promote the digitization of various sectors of the country.
Le Groupe BGFIBank renforce son investissement au Congo à travers l'accord de rachat de la Société Générale
L'ambition africaine du Groupe BGFIBank s'affirme avec la signature par sa filiale BGFBank Congo d'un acoord pour l'acquisition de la participation de la République du Congo au capital social de la Société Générale Congo.
La République du Tchad et Africa50, la plateforme panafricaine d'investissement dans les infrastructures, ont annoncé aujourd'hui le début des démarches pour accueillir la République du Tchad comme nouveau pays actionnaire.
The UK will help African countries identify and develop bankable opportunities within their critical minerals value chains, with a view to promoting responsible exploration and development, capturing greater value and effectively managing extractive sector revenues.
Président Macky Sall plaide en faveur de l'industrie biotechnologique avec la recherche de vaccins ARN
Réunion annuelle Grand Challenges 2023: Le Président Macky Sall plaide en faveur de l'industrie biotechnologique avec la recherche de vaccins ARN et encourage la lutte contre le cancer.
Africa Finance Corporation (AFC) and the Solid Minerals Development Fund of Nigeria (SMDF) announced a transformative partnership aimed at derisking Nigeria's mining sector and scaling up artisanal miners in the country to an industrial level of operation.
This was the key topic under discussion at a recent panel discussion between iiDENTIFii and Zanaco at the Digital Government Africa (DGA) Summit.
The Western Cape Department of Agriculture’s Veterinary Services recently launched its innovative Export Certificate Office System (ECOS)
The platform has been launched in collaboration with the Power of Mercy Advisory Committee (POMAC) and will be known as Power of Mercy Petitions Management Information System (ePOMPMIS).
Edouard Docteur is the Chief Delivery Officer at African egulatory technology developer and Big Data Analytics firm Global Voice Group (GVG).
News reports from across the world indicate cyberattacks against state and local governments continue to accelerate, with activity targeting critical infrastructure jumping from 20 to 40 percent of all nation-state attacks.
Konza Technopolis Development Authority (KoTDA), the agency mandated to implement the Konza Technopolis project, has today announced the appointment of Mr John Paul Okwiri as its new CEO.
The African Energy Chamber (AEC) endorses the ground-breaking agreement between Oando PLC and Eni for the acquisition of 100% of the shares of Nigerian Agip Oil Company Limited (NAOC Ltd).
African leaders challenged the global community to honor its commitments citing the Paris Summit for a New Global Financing Pact.
$1 billion to boost access to climate finance for Africa’s youths, African Development Bank announces
African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses.
At the closing of Africa Climate Summit 2023, African leaders announced $23 billion Nairobi declaration target for green growth in Africa.
The U.S. Agency for International Development announced a suite of investments and initiatives to support climate action in Africa as part of this week’s Africa Climate Summit in Nairobi, Kenya.
Funding will enable locally led restoration of 600,000 hectares critical for climate and livelihoods.
UK government commits £15 million funding to strengthen health workforce in Kenya, Nigeria and Ghana
The UK will provide a multi-million pound boost to support healthcare staff recruitment and retention in 3 African countries - Kenya, Nigeria and Ghana - supporting resilience against global health challenges.
Plural expands services to Africa to fast-track economic growth through access to public policy data
Plural, an artificial intelligence (AI)-powered policy tracking platform, has announced its expansion into Africa to enable access to public policy data across various African jurisdictions starting with Nigeria and South Africa.
Through ETIC, PwC seeks to foster innovation, application and provision of digital solutions in key areas, such as cloud services, data analytics, and cybersecurity, in the Egyptian market and export them to PwC clients in the Middle East and Europe markets.
The government, through the Bottom-up Economic Transformation Agenda (BETA), has committed to drive economic and inclusive growth through agricultural value chain approach.
DFC Political Risk Insurance to support a blue bond providing $500 Million for ocean conservation in Gabon
DFC announced $500 million in political risk insurance supporting a bond for marine conservation in Gabon (Gabon Blue Bond).
Mastercard and Zanzibar e-Government Agency collaborate to accelerate digital transformation across the islands
This will allow different sectors across the Zanzibar islands, including tourism, to digitize payments which will significantly contribute to robust economic growth.
Government organisations remain the primary targets for threat actors looking to infiltrate South African IT systems. This is according to the latest data on cyber threats in the South African landscape for the second quarter of 2023 released by cybersecurity company Trellix
Historically, the transformative growth of industrialized nations has been propelled by exports.
[Chronique]Frida Frans: L'impact des coups d'État sur les accords de commerce et la stabilité économique en Afrique de l'Ouest
La récente série de coups d'État en Afrique de l'Ouest a entraîné des bouleversements politiques dans la région. Ces coups d'État survenus au Mali, en Guinée, au Burkina Faso et au Niger se caractérisent par des changements soudains et souvent violents à la tête du pays.
Russia and South Korea have embarked on a joint venture to construct two nuclear power facilities in Uganda with the capacity to produce a total of 15,600 MW of electricity.
Medical technology company Siemens Healthineers has joined IFC's Africa Medical Equipment Facility (AMEF) to make medical imaging and cancer care equipment more affordable on the continent.
Ethiopia and African Development Bank Group ink $84.3 million grant agreement to enhance wheat production
The African Development Bank Group has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes.
AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing a more efficient and less carbon intensive alternative to traditional trucking.
Global Africa Business Initiative to accelerate and promote business, trade and investment across Africa
The Global Africa Business Initiative (GABI), the leading platform for promoting investment opportunities and business growth across Africa and the world, will bring together Heads of State and Government, CEOs, UN leaders, investors and entrepreneurs in September for a deep dive into energy, trade, and digital transformation.
Afrika Insights Inc., an Ontario-based risk advisory and publishing company, joined The Canada-Africa Business Chamber, ahead of the annual Canada-Africa trade and investment forum, Africa Accelerating.
Dickon Mitchell, Prime Minister of Grenada, H.E President Olusegun Obasanjo (GCFR), Chairman of the Intra-African Trade Advisory council and the Caribbean community region presided over the official opening of the CARICOM office of the Bank, while reaffirming the US$1.5 billion credit limit made available to support eligible CARICOM States.
[Column] Chika Idoko: Bridging the divide: Confronting Socioeconomic inequality In Sub-Saharan Africa
As leaders who support mainstreaming equality, diversity, and inclusion, we aim to ensure that every individual, regardless of their background, enjoys the same rights, opportunities, and dignity.
The first original equipment manufacturers (OEMs), service companies and other oil and gas firms that would set up operations in the Nigerian oil and gas parks would enjoy certain first mover privileges, the Nigerian Content Development and Monitoring Board (NCDMB) has assured.
[Column] Frida Frans: The impact of Coup d’état on trade agreements and economic stability in West Africa
The recent series of coup d'état incidents in West Africa has resulted in significant political upheaval across the region. These prominent coups occurrences in Mali, Guinea, Burkina Faso, Niger are characterized by sudden and often forceful changes in leadership.
In line with the UK Government’s commitment to supporting clean, green and sustainable economic growth in Africa, UK Foreign Secretary James Cleverly visited a Nigerian e-mobility platform and electric vehicle assembler, MAX Nigeria.
The Financial Sector Deepening (FSD) Africa Capital Markets has associated with the Pension Fund Operators’ Association of Nigeria (PenOp) to revitalize economic sustainability through mobilisation of extensive capital for private sector financing.
Less than a week after the Office of the Data Protection Commissioner (ODPC) called on Kenya to be vigilant with Worldcoin, the government has now suspended the crypto project’s activities.
Josiane Kwenda au poste de représentante régionale pour Côte d’Ivoire, Bénin, Guinée et Togo au sen de l'IFC
Mme Kwenda dirigera à ce titre la stratégie et les opérations d'IFC visant à stimuler le développement du secteur privé et à favoriser une croissance économique durable et inclusive dans ces quatre pays.
DEG's AfricaConnect programme signed its 50th deal, marking a significant milestone in fostering sustainable economic growth in Africa.
FSD Africa Investments injects £10m into InfraCredit to support Nigeria’s Sustainable Climate Infrastructure
FSD Africa Investments (FSDAi), in collaboration with InfraCredit, have invested £10m into a first-of-its-kind risk-sharing backstop facility, designed to unlock local currency funding for sustainable infrastructure development in Nigeria.
Swedfund invests EUR 20 million in Amethis Fund III, which is an African fund to further support the development of the private sector in Africa.
African governments are collaborating with tech innovators to strengthen local health supply chains, report
Salient Advisory has launched its latest annual market intelligence report highlighting a robust pan-African ecosystem of innovators improving the safety and efficiency of health supply chains across the continent
Amb. Alkahtani, said the motivation to support the construction of the COMESA headquarters stems from the strong relations that exist between the Kingdom and the COMESA bloc based on mutual respect and joint action.
The Saudi Fund for Development (SFD) signed an agreement for a concessional development loan of $20 million to finance the electricity delivery project in the Kamonyi District.
Nearly two years from its passage into law, implementation of the PIA and its initiatives has been slow for numerous reasons, but not without progress, and signals from Nigeria’s new administration indicate that these conditions will not remain the status quo.
AU Member States were further urged to invest in irrigation agriculture by moving away from the reliance on rain-fed agriculture. African countries were called upon to adopt policies that motivate the youth to take part in agriculture to ensure increased production and reduce food insecurity.
Afreximbank and Digiloop, a Mauritius-based leading provider of technology-driven project finance solutions, have signed a memorandum of understanding (MoU) to collaborate in revenue origination, enhancement, and monitoring services across Africa.
Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery
Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery with a US$335-million project financing facility.
Kenya Revenue Authority (KRA) collected Shs 5.328 Billion from the digital economy in the financial year 2022/2023. This is a 207.9% growth compared to the same period in the financial year 2021/2022.
Equatorial Guinea has onboarded VFS Global as the technical partner to offer a new E-Visa service that will enable a faster and more convenient application, processing, and issuance of visa for leisure and business travellers.
To help farmers in Ghana to increase soybean production, the government of Japan is providing substantial funding to the West African state’s whole soy production chain.
PAPSS, the Pan-African Payment and Settlement System to announce the signing of Memorandums of Understanding (MOUs) with five African multinational commercial banking groups: Access Bank Group, Ecobank Group, KCB Group, Standard Bank Group, and UBA Group.
Independent Anglo-French hydrocarbon producer Perenco has started production at the South Kole Marine oil project located 50km off the coast of Cameroon.
Ethiopia, one of Africa’s fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday.
DevCareer, a nonprofit organization focused on supporting young Africans looking to start a tech career, has announced a partnership with the UK- Nigeria Tech Hub
Investors in the foreign exchange business will now be required to have a minimum paid up share capital of Shs200 million to carry out the business of dealing in money transfers.
Afin d'accroître la connectivité numérique en République démocratique du Congo, l'un des pays les moins connectés d'Afrique subsaharienne, IFC a annoncé une financement en faveur de la société Eastcastle Infrastructure pour l'aider à déployer des tours de télécommunications dans le pays.
Rwanda, Team Europe and partners pioneer an additional EUR 300 million ﬁnancing to crowd in private investment and build climate resilience following Resilience and Sustainability Facility arrangement with the International Monetary Fund
The Board of Directors of the African Development Bank has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock ship repair facility in Ghana’s western Takoradi port.
Proparco et Advans Côte d’Ivoire signent une convention de subvention qui facilitera l’accès au financement à près de 1500 producteurs de maïs de Côte d’Ivoire.