The World Bank is supporting the Improving Healthcare Services in Somalia Project with $75 million IDA grant and an additional $25 million grant from the Global Financing Facility for Women, Children and Adolescents (GFF) in Somalia.
Oxford Foundry and FMDQ Private Markets, a subsidiary of FMDQ Holdings Nigeria, have launched a global partnership to accelerate the growth of Nigeria’s startup ecosystem.
The International Renewable Energy Agency (IRENA) and the Electric Power Research Institute (EPRI) signed an MoU to advance the global electrification of the energy sector based on renewables and energy efficiency.
Eni, Nairobi office of Italian Agency for Development Cooperation sign MoU to develop joint initiatives in Kenya
Eni, through its subsidiary Eni Kenya, and the Nairobi Office of the Italian Agency for Development Cooperation (AICS) signed an MoU to identify possible collaboration opportunities in the areas of agriculture and value-chain development.
la Fondation BGFIBank et l’Institut national des sciences de gestion (INSG) portant sur la construction et l’équipement d’un incubateur des métiers de la Gestion au sein de cet établissement supérieur, une structure qui permettra d’accompagner les startups dans le développement de projets innovants.
[Africa Tech Review] Duncan Mochama: African fintechs are diversifying to offer a wide range of complementary services
Kenyan-based fintech startup Cellulant this week also received approval from Bank of Tanzania to Become a Payment Solution Service Provider.
Kenya Electricity Generating Company (KenGen), has distributed more than 1.9 million tree seedlings to communities and institutions as part of its efforts to reduce carbon emissions.
TotalEnergies partners with Technip Energies to advance low-carbon solutions for LNG and offshore facilities
TotalEnergies and Technip Energies signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) production and offshore facilities to accelerate the energy transition.
Eni, Government of Kenya partner to promote decarbonization by strengthening cooperation in the sustainable bio-fuel value chain
Eni and the Ministry of Petroleum and Mining of Kenya signed a Memorandum of Understanding to promote the decarbonization process to tackle climate change through new industrial models of fully-integrated circular economy.
[Column] Tonny Tugee: Connectivity, collaboration, competition - The 3 essential Cs for Africa’s growth
If we want to develop Africa’s digital stronghold and support the continent’s growing young population, every person needs access to high-quality, low-cost connectivity.
Distributed Power Africa (DPA), has been selected as one of the energy companies contracted for the installation of solar power for TotalEnergies Zimbabwe service stations across the country.
World Bank provides $470m to advance regional connectivity, economic opportunities in Burkina Faso, Niger and Togo
Burkina Faso, Niger, and Togo will get a $470 million boost from the World Bank’s International Development Association (IDA), for the ongoing efforts to improve regional connectivity, security, and socio-economic opportunity.
Nesta Challenges launches $14.5m Afri-Plastics Challenge for African innovators in plastic waste management
Nesta Challenges announced the launch of the Afri-Plastics Challenge, involving a public competition that will reward the best solutions from across sub-Saharan Africa to addressing marine plastic waste in developing countries.
The Bank of Industry, African Development Bank, International Fund for Agricultural Development and Islamic Development Bank have okayed $800million to reduce poverty, end hunger and increase resilience to climate change in rural communities around Nigeria.
The African Trade Insurance Agency (ATI), under its Regional Liquidity Support Facility (RLSF), has supported the Salima Solar PV plant in Malawi, by providing a revolving liquidity guarantee.
The African Trade Insurance (ATI), announced the closing of two €203 million financing agreements social loans, to fund four health and two transportation projects in Ghana.
Medical Credit Fund (MCF), a non-profit fund exclusively dedicated to financing small and medium-sized healthcare companies in Africa, celebrated the first loan disbursement within MCF2.
[Mauritanie] L'AfDB accorde dix millions d’euros à la BCI pour renforcer le rôle des PME dans la relance économique
Le Conseil d'administration de la Banque africaine de développement (AfDB) a approuvé une ligne de crédit de dix millions d’euros à la Banque pour le Commerce et l’Industrie(BCI) de Mauritanie afin de renforcer ses activités de financement du commerce international en faveur des petites et moyennes entreprises dans des secteurs stratégiques.
The African Guarantee Fund (AGF), issued a Loan Portfolio Guarantee to Sidian Bank to boost financing of the SME sector in Kenya. The Guarantee line worth half a billion Kenya shillings will be in place for a period of 4 years starting 2021.
Moody’s launched a first-of-its-kind tool to generate real-time predicted environmental, social, and governance (ESG) scores for millions of public and private small- and medium-sized enterprises (SMEs) worldwide.
NuRAN Wireless Inc., a leading supplier of mobile and broadband wireless infrastructure solutions, announces it has signed a Memorandum of Understanding (“MOU”) with Telinno-Consulting Limited for the in Mali, West Africa and Sierra Leone.
The Sustainable Energy Fund for Africa (SEFA), secured commitments worth $90 million from existing and new donors in the year, including from the German Ministry for Development Cooperation and the Nordic Development Fund.
Le Fonds des énergies durables pour l’Afrique obtient 90 millions de dollars de nouveaux financements
Le Fonds des énergies durables pour l’Afrique (FEDA) a obtenu des engagements de 90 millions de dollars provenant de fonds du ministère allemand de la Coopération pour le développement et le Fonds nordique de développement.
This week, Eocband has partnered with Workonline, one of the largest IP transit providers on the African continent to boost internet connectivity in Ghana.
CDC Group, l'institut de financement du développement du Royaume-Uni et investisseur d'impact, a annoncé la mise en place d'une facilité de financement du commerce de 50 millions de dollars EU au profit de Ecobank International (EBI SA), filiale du Groupe Ecobank, basée à Paris.
CDC Group, the UK’s Development Finance Institution and impact investor, announced a $50 million trade finance facility for Ecobank International (EBI SA), the Paris based member of the Ecobank Group.
With a flourishing ICT sector that has grown by an average of 10.8% every year since 2016 and as a home to some of Africa’s most innovative start-ups, Kenya’s nickname of “Silicon Savanah” couldn’t be more fitting.
New research by Mastercard has highlighted the important role of government support in helping small and medium enterprises (SMEs) across the Middle East and Africa (MEA) to recover.
South Africa is stepping up investment for its wildlife and biodiversity sectors from a grant of $8.9 million from the Global Environment Facility (GEF).
Nanodropper partners with Unite For Sight to provide better access to vision-saving medications in Ghana
Nanodropper, a medical device company, is joining forces with Unite For Sight to launch a global health initiative aimed at providing better access to vision-saving medications in Ghana.
A business which gives out virtual cash in exchange for rubbish, a start-up that converts faecal sludge into fuel briquettes, and an enterprise which offers smart metering solutions for solar mini-grids, have won the SEED Awards
IFAD launches new financing programme to boost private funding of rural businesses and small-scale farmers
Rural businesses will get a boost from new financing programme launched by the UN’s International Fund for Agricultural Development (IFAD), as part of its broader efforts to address rising hunger and poverty levels in the world’s poorest countries.
Government of Rwanda and the African Development Bank (AfDB) signed a financing agreement worth US$ 84.2 million (Approximately Frw 82.1 billion) to support Transmission System Reinforcement and Last Mile Connectivity Project.
Standard Chartered appoints Lina Osman as Regional Head of Sustainable Finance for Africa and the Middle East
Standard Chartered has appointed Lina Osman as Regional Head of Sustainable Finance for Africa and the Middle East, as part of the Bank’s ongoing efforts to provide sustainable financing solutions across its regional footprint.
AfDB scoping study identifies opportunities for private sector participation in Africa’s climate agenda
A recently published African Development Bank scoping study on implementing NDCs in Africa recommends that development financial institutions and other investors focus on high-impact, high-growth potential start-ups that can drive climate-related innovation.
Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa, announced the closing of a $20 million facility from International Finance Corporation (IFC).
IFC’s TechEmerge partners with logistics startup Kobo360 to pilot sustainable cooling innovations in Nigeria
Eleven global innovators have been selected to partner with 15 leading Nigerian companies to pilot cost-effective, climate-smart technologies to strengthen the country's temperature-controlled logistics supply chain.
IFC announced a financing and advisory services package for CHO Group, Tunisia's olive oil producers and exporters, to help the company expand production and create jobs in the agriculture sector.
To scale up clean energy production capacity in Gabon, IFC, the Government of Gabon, with the support of the Government of Canada, announced a financing package for the Kinguele Aval hydropower plant in Gabon.
The continent’s leading investment platform for the energy sector is doubling down on its role as the official promoter of Angolan oil and gas development by putting the country under the spotlight for investors across the globe
Kenya Electricity Generating Company (KenGen) is set to benefit from its Clean Development Mechanism (CDM) Projects further giving impetus to the company’s efforts to combat climate change.
le Sénégal veut pouvoir boucler la construction de son Parc des technologies numériques (PTN), premier Parc IT aux standards internationaux du pays érigé sur 25 hectares à Diamniadio, le nouveau pôle urbain.
Sasol and the Industrial Development Corporation of South Africa(IDC), concluded a memorandum of cooperation (MOC) to jointly develop and shape an enabling environment to advance South Africa’s green hydrogen economy.
The Green Climate Fund (GCF) is delighted to partner with the African Development Bank to support this timely and critical program for decentralized renewable energy across these six African countries
ICT and Agriculture are the leading host sectors for Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya, the 2021 MSMEs Survey Report shows.
World Resources Institute, with support from the Global Environment Facility, UN Environment Programme and World Green Building Council, among others, have launched the Zero Carbon Building Accelerator (ZCBA) to speed up the transition to zero-carbon, efficient buildings around the world.
L’OMS et le Fonds mondial signent un accord de coopération visant de lutte contre le VIH, la tuberculose et le paludisme
L’Organisation mondiale de la Santé(OMS) et le Fonds mondial de lutte contre le sida, la tuberculose et le paludisme ont signé un accord de coopération et de financement portant sur la mise en œuvre de 10 initiatives stratégiques destinées à mettre plus rapidement un terme aux épidémies de sida, de tuberculose et de paludisme.
WHO and Global Fund sign cooperation agreement to scale up HIV, TB and Malaria to strengthen health systems
The World Health Organization (WHO) and the Global Fund to Fight AIDS, Tuberculosis and Malaria signed a cooperation and financing agreement to implement 10 strategic initiatives to accelerate the end of AIDS, tuberculosis and malaria as epidemics and strengthen systems for health.
The International Association of Science Parks and Areas of Innovation (IASP) has elected Eng. John Tanui, CEO, Konza Technopolis as its new IASP Africa Division President.
The Kenya Private Sector Alliance (KEPSA), and Zydii Limited have announced a partnership to provide free digital training to Micro, Small and Medium Enterprises (MSMEs).
FSD Africa launched a first-of-its-kind climate finance training programme, designed to expand access to funding for climate mitigation and adaptation on the continent.
Climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance.
The Agribusiness Deal Room is a match making platform at the annual AGRF Summit that convenes different stakeholders to facilitate partnerships and investments in African agriculture.
Orange Ventures, Orange’s venture capital investment subsidiary, is investing in the media company Brut. as one of the main investors in a series C funding round of 75 million dollars.
Forsberg, who was named a Laureate of the Rolex Awards for Enterprise in 2016, emphasizes the need for community action and education to achieve long-lasting conservation.
SoftBank, Smart Africa collaborate to provide affordable broadband solutions, enhance digital transformation in Africa
Japan's SoftBank and Smart Africa entered a Memorandum of Understanding (MoU), to collaborate on innovative solutions towards achieving the vision of providing affordable broadband.
OCP, the phosphate mining and fertilizer group, signed a financing agreement with the IFC, to support OCP expand its value chain in Africa, as part of its effort to contribute to the economic development of the continent.
Le Groupe Holmarcom s’allie à IFC pour accélérer le développement de ses activités en assurance au Maroc
Holmarcom a conclu, avec la Société financière internationale (IFC), membre du Groupe de la Banque Mondiale, un partenariat en vertu duquel cette institution acquiert une participation minoritaire dans « Holmarcom Insurance Activities », à hauteur de 450 millions de dirhams.
[Côte d'Ivoire] Le ministère de l’Agriculture et du Développement rural élabore son document de programmation pluriannuelle
Le ministère d’Etat, ministère de l’Agriculture et du Développement rural (MEMINADER) a entamé, à Grand Bassam un atelier d’élaboration du document de programmation pluriannuelle de dépenses-projet annuel de performance (DPPD-PAP) 2022-2024.
La Mauritanie et l'AfDB signent deux accords de don de plus de huit millions de dollars pour l’investissement
Le directeur général de la Banque Africaine de Développement pour l’Afrique du Nord et le ministre mauritanien des Affaires économiques et de la Promotion des secteurs productifs ont signé deux accords de don de plus de huit millions de dollars américains pour renforcer la dynamique de l’investissement, créer de nouveaux emplois et offrir de nouvelles perspectives aux jeunes
Le Groupe de la Banque africaine de développement a approuvé le Projet régional d’appui à l’approfondissement du secteur financier d’Afrique centrale, doté de 3,6 millions de dollars américains.
The Korean Ministry of Economy and Finance and the Export-Import Bank of Korea have signed an agreement, under which Korea will provide $600 million in co-financing for energy projects alongside the African Development Bank.
Kowry Energy wins Rolls-Royce Power Systems as an investor as it launches across Sub-Saharan Africa. The Berlin-based company will empower local, independent energy companies with decentralized energy systems.
MTN Group has joined ‘Every Action Counts’, a new coalition to connect experts in nature conservation and climate change with some of the world’s leading digital platforms, financial institutions and consumer goods firms.
The agreement enables the university to use Esri solutions in the development of new technologies for monitoring desertification, climate change, sustainable development goal progress, oceanography, mining, architecture, and urbanization.
[Senegal] La Fondation Sonatel dote le village de Déguerre un montant global de 300 Millions de FCFA
Conformément à sa mission première d’amélioration des conditions de vie des populations, la Fondation Sonatel inaugure son sixième projet « village », à destination des populations de Déguerre.
The African Telecommunications Union (ATU) and the African Network Information Centre (AFRINIC) signed an MOU aimed at jointly undertaking research and building the capacity of African Governments and ICT regulators for enhanced broadband development in Africa.
8,000 women and young Nigerians to benefit from RecyclePoints’ partnership with the Mastercard Foundation
RecyclePoints and the Mastercard Foundation announced a partnership to enable more than 8,000 women and young people to access work opportunities aimed at tackling the challenges associated with waste pollution and unemployment in underserved communities in Nigeria.
Equity Group and Equity Group Foundation together with the United Nations system in Kenya, and its SDG Partnership Platform, signed a strategic partnership to accelerate the achievement of the Sustainable Development Goals (SDGs) in Kenya by 2030.
The African Telecommunications Union (ATU) has today signed a Memorandum of Understanding (MoU) with tech giant Huawei that will see African countries and organizations build capacity for ICT transformation.
Canadian Solar secured a €50 million bilateral corporate facility with Banco Santander (Santander), to support growth at Canadian Solar's Global Energy business as it executes and expands on its project development pipeline in the EMEA region.
The alliance has been established with a single vision: to make nutritious and sustainable food the preferred consumer choice.
[Africa Tech Review] Duncan Mochama: MTN is investing $1.5 billion to expand broadband access across Nigeria
MTN announced plans to invest 640 billion naira, approximately US$1.5 billion, over the next three years to expand broadband access across the continent’s most populous country.
[Column] Patrick Ndegwa: Harnessing Africa’s youth dividend for an inclusive and sustainable digital future
Education, skills training, employment, and motivation are all needed if our youth are to rise to the challenge (and weight) of having Africa’s digital future resting on their shoulders.
In line with the Global Reporting Standards, Attijariwafa bank Egypt issued its first sustainability report covering the period from 2019 to 2020.
Equity Group and Equity Group Foundation together with the United Nations system in Kenya, and its SDG Partnership Platform have signed a strategic partnership to accelerate the achievement of the Sustainable Development Goals (SDGs) in Kenya by 2030.
Konza Technopolis Development Authority (KoTDA) has announced an early bird incentive to investors taking up land for development at Konza Technopolis (KT).
Schlumberger announced its commitment to achieve net-zero greenhouse gas (GHG) emissions by 2050.
World Bank approves $168m financing for solar energy production, rural electrification in Burkina Faso
The World Bank approved financing of $75 million from IDA and $93 million from the Clean Technology Fund via the Sustainable Renewables Risk Mitigation Initiative (SRMI), to help increase access to electricity in rural areas in Burkina Faso.
The Ghana Cocoa Board (COCOBOD), signed an agreement with Bühler to build Ghana’s local cocoa processing and value addition capacity through training, product development and technology guidance.
A big push in a rapidly urbanizing continent kicked off as the Food and Agriculture Organization of the United Nations (FAO), launched the Green Cities Regional Action Programme for Africa.
Senegal’s PETROSEN and Cos-Petrogaz lay out gas strategy, reinforce partnership with African Energy Chamber
Senagal's Ministry of Petroleum and Energy, PETROSEN and Cos-Petrogaz laid out national gas and energy transition strategy with the African Energy Chamber (AEC), to enhance promotion and competitiveness in the gas and energy sector.
Antoine Frérot, Veolia Group’s Chairman and Chief Executive Officer, announced that Chouhaid Nasr has been appointed as Morocco Country Director, effective July 1, 2021.
The Board of Executive Directors of the Islamic Development Bank (IsDB), approved $176.05 million for projects in Iraq, Mauritania, Benin and Morocco.
The International Islamic Trade Finance Corporation (ITFC), launched the “SheTrades” initiative in Egypt, implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS) program.
The Africa Renewable Energy Fund II has achieved its first close at €130 million, following a joint investment of €17.5 million from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank.
CDC Group, UK’s development finance institution and impact investor, announced a $50 million project finance direct debt investment to ACWA Power’s Redstone Concentrated Solar Power Project (Redstone) in South Africa.
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, introduced another Sustainable Marine Fuel (SMF) service for ocean freight as part of its sustainability strategy.
The Food and Agriculture Organization of the United Nations (FAO), welcomed approval from the Global Environment Facility (GEF), for five FAO-led projects in eight countries, totaling more than $46.6 million in funding.
IFC and the African Development Bank’s AFAWA initiative announced a new partnership program to boost the professional capacities, incomes and access to finance of thousands of Ivorian women smallholder farmers.
[Africa Tech Review] Duncan Mochama: Nigeria, Kenya and South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa
[Africa Tech Review] Duncan Mochama: Nigeria, Kenya and South Africa are top drivers of eCommerce volumes in Sub-Saharan Africa
The African Development Bank approved a $1.4 million grant from the Global Agriculture and Food Security Program to reduce malnutrition among the Southern African nation’s most vulnerable households.
The African Development Bank approved an €83 million loan to finance the second phase of Egypt’s Electricity and Green Growth Support Program.
The World Bank updated its approach to help strengthen regional integration in Africa. This reinforces the institution’s support to help the continent recover from the COVID-19 pandemic and realize its economic transformation through 2021-2023.
The five-year Capacity Building Initiative for Transparency (CBIT) project will enable The Comoros, Eritrea, Seychelles and Zambia to comply with the Paris Agreement’s enhanced transparency framework (Article 13).
World Bank and IMF launch high-level advisory group on sustainable and inclusive recovery and growth
The World Bank Group and International Monetary Fund launched a High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth to help secure a strong recovery and set a path for green, resilient, and inclusive development over the coming decade.
Globeleq, Africa’s independent power producer, announced it officially broke ground on the pioneering 19MWp solar and 7MWh storage power project at Cuamba in northern Mozambique.
[Maroc] L’OFPPT s'allie à l’EHL pour délivrer le programme VET BY EHL au sein des instituts de formation
L’OFPPT a signé un partenariat avec l’École hôtelière de Lausanne (EHL) Advisory Services et son partenaire stratégique Southbridge A&I afin de délivrer le programme VET by EHL au sein de ses centres de formation en hôtellerie et restauration.
The World Bank approved $200 million in International Development Association (IDA), funding to help Benin improve access to electricity services for households, businesses, and basic public services.
The World Economic Forum WEF), in partnership with the Government of Ghana, is launching the first Country Financing Roadmap (CFR) for SDGs initiative in Africa.