L’Africa Operating Unit (« AOU ») de Coca-Cola et ses partenaires embouteilleurs ont annoncé le lancement de JAMII, la nouvelle plateforme de développement durable dédiée à l’Afrique.
Coca-Cola Africa Operating Unit (“AOU”) and its bottling partners announced the launch of JAMII, the new Africa-focused sustainability platform.
[Nigeria Business Week] Andrea Ayemoba: Nigeria sets course to unify industry benefits, lead Africa's 5G
Following a turbulent year of stock market fluctuations, restrictions related to an ongoing pandemic and varying economic instabilities, predictions on Nigeria’s performance last year ranged from inferior to mediocre to excellent.
Moroccan economic growth could accelerate with full implementation of broad-based reforms, World Bank
In order to achieve broad-based growth and job creation, the sustained implementation of a multifaceted and ambitious reform agenda will be essential, according to the World Bank’s Morocco Economic Monitor, January 2022.
The European Investment Bank (EIB) has supported Maspero metro station component in phase 3 of the Cairo Metro Line 3 project in Egypt.
Proparco is partnering with BNI Madagascar bank to strengthen its equity capital and support its growth strategy.
The National Information Technology Development Agency, through its subsidiary, the National Centre for Artificial Intelligence and Robotics, in partnership with Japan International Cooperation Agency, is set to launch iHatch.
Equity Bank Uganda has officially launched the Equity Leaders Program (ELP) by admitting its first cohort of 123 top-performing scholars from the 43 Districts where the Bank has a branch presence.
Samsung Electronics unveils ‘Together for Tomorrow’ vision to build a more sustainable and connected future
The company’s “Together for tomorrow” vision is one that empowers everyone to create positive change and drives collaborations that address some of the planet’s most pressing challenges.
WFP and Impact Hub Kigali (IHK), with the support of USAID Bureau of Humanitarian Affairs (BHA) and the Danish Ministry of Foreign Affairs, are launching the IGNITE Food Systems Challenge in Rwanda to foster locally-driven solutions to tackle food systems challenges.
The Covid-19 crisis has pierced through the fabric of every layer of society, leaving virtually no country unscathed. The consequences for businesses has been significant and African economies have had to make rapid changes to their way of doing business.
l’Agence Française de Développement (AFD) et RENATER ont signé un accord de partenariat pour travailler ensemble à la structuration et au développement des Réseaux nationaux d’enseignement et de recherche en Afrique australe et orientale.
[Kenya] Equity Acquires $165 million Loan from IFC for Onward Lending to SMEs and Climate Smart Projects
Equity Group has acquired a $165 million loan from the International Finance Corporation (IFC) to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya.
NSE’s collaboration with and contributions to the UN’s SSE Initiative reiterates its commitment to building a new kind of finance, shifting paradigms to support a new world view.
Lotus Ecoculture through its subsidiary Mepe Farms Limited an agricultural development company launched its services seeking to offset $35 billion annual food imports to the African continent.
Some of Egypt’s most talented students are building their future and their country’s with experience acquired from an American scholarship program.
SA’s recovery from its deepest economic contraction in almost three decades risks stalling due to the fallout from a fourth wave of coronavirus infections driven by the Omicron variant.
[Ghana] Communications Authority gives Celltel green light to launch $300m Ghana Smart Cities Project
The National Communications Authority has granted full nationwide authorization to Celltel, a wholly-owned Ghanaian company, to roll out a $300million Ghana Smart Cities Project.
In its research, OBG surveyed executives based across the economic sectors, with financial services and energy highest in terms of representation.
Norway commits $5m to increase incomes, build resilience of small aquaculture farmers in Kenya, Mozambique and Tanzania
The Norwegian Agency of Development Cooperation (NORAD) has committed $5 million to increase the incomes and build the resilience of small aquaculture farmers in Kenya, Mozambique and Tanzania.
The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) have partnered to boost green finance and the development of value chains for the Egyptian private sector.
JCR Rating Agency announces Afreximbank international-scale long term issuer rating of A-, outlook stable
The African Export-Import Bank (Afreximbank) has received an inaugural international-scale long term issuer rating of A- with a stable outlook from the Japan Credit Rating Agency (JCR).
Small and medium enterprises (SMEs) across the Middle East and Africa (MEA) region are recognizing digitalization as essential to staying competitive in a transformed business and economic environment
The end of year (fondly referred to as ‘ember months’) tends to bring about anxieties of different sorts among Nigerians.
To help improve access to certified green homes in South Africa, IFC and Nedbank have announced the issuance of a green residential development bond under Nedbank's domestic medium-term note program, with IFC as the anchor investor.
Le Conseil d’administration du Groupe de la Banque africaine de développement a accordé un prêt de 70,04 millions de dollars américains à la République démocratique du Congo.
IFC and ADGM launch initiative to boost opportunities for women-led startups and businesses across MENA
IFC and Abu Dhabi Global Market (ADGM) launched She Wins Arabia, an initiative to help women-led startups across the Middle East and North Africa (MENA) get the advice, finance, and mentorship they need to grow.
Le Maroc et l'AfDB signent deux accords de prêt de 138 millions d’euros pour renforcer l’inclusion financière
La Banque africaine de développement et les autorités marocaines ont signé deux accords de prêt d’un montant total de 138 millions d’euros pour renforcer l’inclusion financière et sécuriser l’accès à l’eau potable.
The African Development Bank approved $210 million loan co-finance Phase 1 of the Nigeria Special Agro-Industrial Processing Zone Program in Nigeria. The program will help to unlock Nigeria’s agriculture sector potential.
IFC and Carrinho Group launched a training program for tens of thousands of farmers and SMEs engaged in Angola's agriculture sector to help them increase productivity and more easily access markets.
IFC announced a partnership with RH Bophelo, a South African healthcare investment holding company that invests in the healthcare sector with a focus on low- and middle-income earners in South Africa.
The implementation of the African Continental Free Trade Area would spur Africa’s industrialisation and long-term supply chain resilience.
Ericsson pledges to support one million young people by 2025 with access to digital learning and skills
Ericsson announces a major new commitment to empower one million children and young people by 2025 through access to digital learning, tools, content and development programs.
Diamond Trust Bank (DTB) has become a participant of the United Nations Global Compact, joining thousands of leading companies across the world that have committed to advance principles of responsible and sustainable business.
African Export-Import Bank (Afreximbank) is formally breaking ground for the construction of the African Medical Centre of Excellence (AMCE) in Abuja, Nigeria.
IFC and the AECF launched the second round of a global competition for private sector and social enterprise projects to support investment, development, and job creation in Kenya's Kakuma refugee camp and hosting area.
Le doux murmure de l’eau qui coule dans les sillons du petit jardin de Binetou Essid, est un son jadis rare à El Menzah. Dans ce village du sud de la Mauritanie, pays sahélien au climat particulièrement rude, cultiver des légumes était mission impossible pour Binetou.
The businesses that are going to stand out over the next decade will be those who see market opportunities in social responsibility, and develop business models, products and services that have societal elements and sustainable practices baked in, as it were.
The European Bank for Reconstruction and Development (EBRD) is improving access to irrigation water for more than 6,800 farmers and their families, with a €49 million loan to the Ministry of Agriculture, Hydraulic Resources and Fisheries in Tunisia.
Réformes de la dette devraient être au centre des initiatives pour sortir l’Afrique de la phase critique
Les pays africains devraient mener des réformes économiques cruciales et de gouvernance pour permettre au continent de sortir de la crise historique provoquée par la pandémie de Covid-19.
L’Afrique a réalisé des progrès considérables dans la lutte contre le VIH au cours de la dernière décennie, réduisant de 43 % le nombre de nouvelles infections et diminuant de près de moitié le nombre de décès liés au sida.
USTDA partners with Africa Investment Forum to support infrastructure solutions for sub-Saharan Africa
The U.S. Trade and Development Agency (USTDA) launched a Memorandum of Understanding with the African Development Bank’s Africa Investment Forum (AIF) to support high-quality infrastructure solutions for sub-Saharan Africa.
The Government of Sweden and UN Agencies signed a four-year programme to strengthen the resilience of vulnerable communities affected by food insecurity, malnutrition, and the effects of climate change in Mali.
MTN Group launched the construction of a state-of-the-art headquarters for MTN Côte d’Ivoire, as well as the start of a local trial of 5G services in Abidjan.
[Nigeria Business Week] Andrea Ayemoba: Industries unanimously look toward renewable, sustainable practices
The Covid-19 crisis has been cause for numerous economic slumps round the world; companies were shut down, production halted, industries crippled and prices skyrocketed the world over.
Afreximbank signs US$50 million partnership with FONSIS to support project preparation activities in Senegal
Afreximbank has signed a Memorandum of Understanding with Fonds Souverain d’Investissements Stratégiques to provide project preparatory capital to assist public and private sector investors to progress projects from concept stage to bankability in a timely manner in Senegal.
AFEX, a leading commodities market player in Nigeria, has today announced a new $100m 10-year bond called The Food Security Fund (FSF).
Africa Data Centres has selected Distributed Power Technologies (DPT) to provide renewable energy and storage solutions for its data centres across South Africa.
The Vaccine Alliance approved an investment to support the malaria vaccine introduction, procurement and delivery for Gavi-eligible countries in sub-Saharan Africa in 2022-2025.
Access to finance by entrepreneurs and businesses with an impact on people in fragile situations across Africa will be bolstered by a new 12-year €81.5 million initiative launched by the EIB and the TDB.
LI Yong, Director General of the United Nations Industrial Development Organization (UNIDO), and Chipoka Mulenga, Zambia's Minister of Commerce, Trade and Industry, signed a five-year Programme for Country Partnership (PCP).
[Sénégal] L'AfDB accorde plus de 108 millions d’euros au Programme d’appui à l’accélération industrielle
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé l’octroi d’un prêt de 108,36 millions d’euros au Sénégal pour contribuer au financement du Programme d’appui à l’accélération industrielle.
[Nigeria Business Week] Andrea Ayemoba: A 5G promise looms, global trade predictions show winning numbers
Nigeria’s tactic is one of sharpening the sectors that have shown promise (such as technology, agriculture and banking) while throwing resources at those that have been in a work-in-progress mode for years.
Africa’s business accelerator GrowthAfrica has kicked off a circular economy focused accelerator programme targeting innovative ventures across Kenya, Uganda, and Ethiopia.
Manufacturers in Kenya are yet to record their returns on digital investments according to a survey released by SYSPRO, a global enterprise resource planning software provider and the Institute of Certified Public Accountants of Kenya (ICPAK)
Kenya’s national carrier, Kenya Airways (KQ), signed a Strategic Partnership Framework with South African Airways (SAA), a key milestone towards co-starting a Pan African Airline Group by 2023.
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.
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.
[Column] Titilayo Adewumi: West Africa’s circular economy efforts at the forefront of fostering a more sustainable future
The vast majority of population growth across the continent will be concentrated in urban areas. WEF data indicates that more than 80% of Africa's population growth between now and 2030 will be in cities, with Lagos growing at a pace of 77 people every hour.
Kigali-based agriculture startup AflaSight, partners launch innovative projects to improve maize quality in Rwanda
The World Food Programme (WFP), IFC, Kigali-based agriculture startup AflaSight, and Vanguard Economics launched innovative projects to help farmers and grain traders reduce prevalence of aflatoxins in crops and grains in Rwanda.
World Bank approves $570m to address food insecurity, boost resilience of food systems in West Africa
Four million people across West Africa stand to benefit from a new multi-phase regional program that will complement and enhance ongoing efforts to reduce food insecurity and improve the resilience of food systems.
As excessive floods, severe drought, and famine continue to be experienced in different parts of the world, global leaders remain largely unfazed as regards making ambitious climate targets.
Private sector players have made a declaration to combat climate change and embrace sustainability in their activities by signing a 10-point charter on corporate commitment on climate change and sustainability in Kenya.
[Nigeria Business Week] Andrea Ayemoba: National GDP for Q3 sees increase, amid growing economic concerns
The Nigerian Minister for labour recently has affirmed that more needed to be done in order for the employment crisis to be mitigated. He did allow that much has been done, but a lot of action still was required if the problem was to be tackled from the roots.
ARISE IIP et FibreTrace s'associent pour créer la première chaîne d'approvisionnement en coton en Afrique
ARISE IIP et FibreTrace ont annoncé un nouveau programme pilote permettant la traçabilité de la filature au vêtement pour les installations de filature très attendues d'ARISE IIP en République du Bénin.
The African Development Bank Group has approved a grant of $1.5 million to Mozambique to boost the development of local content.
La Foire commerciale intra-africaine offre aux entreprises africaines une occasion unique de nouer des contacts commerciaux dans tous les pays du continent Africain.
CareerBox announced its African expansion with the opening of a branch in Nairobi, Kenya, as part of efforts to reduce unemployment using demand-led training in order to create sustainable service industry job opportunities.
Co-creation Hub, Africa's largest innovation hub and Ojoma Ochai announce the launch of a new Creative Economy Practice.
IFC announced a partnership with Equity Banque Commerciale du Congo that will help these smaller businesses access local currency financing in the Democratic Republic of the Congo (DRC).
IFC a annoncé avoir conclu un partenariat avec Equity Banque commerciale du Congo pour accompagner la croissance des micro, petites et moyennes entreprises (MPME) en République démocratique du Congo (RDC).
African Development Bank Group approved a grant of $40 million to the Republic of Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana.
The collaboration of government with industries is crucial for economic progress, be the market large or small. Nigeria knows this and is taking steps to work closely and create better transparency in one of the country’s most robust industries.
These alliances encourage the financial sector to align with a target to limit the rise in global temperatures to 1.5 oC and use their respective mandates in achieving this goal.
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.
Companies need to implement a sustainable IT asset program by engaging with a reputable IT asset management company that can provide the effective recovery, reuse and retirement of redundant IT assets.
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.
En finançant de nombreux projets transformateurs au Niger, la Banque africaine de développement a contribué à l’amélioration des conditions de vie et de travail de millions de personnes.
Moody's Investors Service (Moody's) has affirmed African Development Bank's AAA long-term issuer and senior unsecured ratings with a stable outlook.
The U.S. Trade and Development Agency (USTDA) announced grant funding for a feasibility study to help Nigerian company Ekovolt Telco expand internet access for underserved communities in the Niger Delta region.
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.
[Column] Agnes Kalibata: Why the world’s biggest agribusiness player needs more support to tackle climate change
But it is not Unilever, Kraft or Danone. Instead, the largest private-sector player in food and agribusiness is in fact the world’s 500 million smallholder farmers, who are responsible for around a third of global food supplies.
Climate Finance Partnership mobilizes $673 million to accelerate net zero transition in emerging markets
A global consortium of 22 investors including governments, philanthropies, and institutional investors committed to the fundraise, which was oversubscribed and exceeded its target of $500 million.
The U.S. government, through the U.S. Agency for International Development (USAID), and the Ministry of International Cooperation announced seven bilateral assistance agreement amendments worth $125 million in Egypt.
Pour relever le défi du développement et lutter contre la fragilité, les chaînes de valeur agricoles seront un levier essentiel pour favoriser une croissance inclusive en Gambie.
In line with the Choose Africa initiative, Proparco granted Equity Bank two guarantee facilities, ARIZ and EURIZ totalling €39 million (5 billion KES) to help the bank further support job creation for MSMEs in Kenya.
Stimuler la production industrielle du Nigeria pour accélérer sa croissance économique et son développement
Le président du Groupe de la Banque africaine de développement, a appelé le Nigeria à stimuler sa production industrielle pour accélérer sa croissance économique et son développement.
Allocation de $15,5 millions pour soutenir l'intégration économique et la création d'emplois dans les pays arabes
La Société internationale islamique de financement du commerce (ITFC) a organisé une cérémonie de lancement de la deuxième phase du programme de l'Initiative d'aide au commerce des États pays arabes (AFTIAS 2.0) au siège du Groupe de la Banque islamique de développement (BID) à Djeddah, Royaume d'Arabie saoudite.
Oracle et Orange annoncent aujourd'hui la signature d'un accord de collaboration s'inscrivant dans un projet commun visant à accélérer la transformation digitale basée sur le cloud en Afrique de l'Ouest.
The future of African children is at great risk as educational avenues have become inaccessible. The United Nations’ report revealed that more than half of the out-of-school children in the world live in sub-Saharan Africa.
L’ Agence Française de Développement (AFD) et sa filiale Proparco ont signé deux projets en partenariat avec l'Organisation internationale du travail (OIT), reconnue pour son expertise en matière d'assurance inclusive.
The African Development Bank (AfDB) has launched and priced a highly successful GBP 500 million long 3-year Global Benchmark bond due 16 December 2024, its second pound sterling benchmark transaction of the 2021 calendar year.
African Export-Import Bank (Afreximbank) announced its partnership and support to the African Technology Policy Studies Network (ATPS), which will address gaps in operational costs as well as funding for ongoing activities over a three-year period.
BioNTech SE announced that the Company plans to initiate the construction of the first state-of-the-art manufacturing site for mRNA-based vaccines in the African Union in mid-2022.
Dr. Kakenya Ntaiya is an activist who is ensuring that all Kenyan girls have access to education.
Nestlé Pure Life has launched Egypt’s first water bottles made of 100% recycled plastics (rPET) in its 1.5 liters format as it continues its move towards more sustainable packaging.
Senegal has put in place a number of measures to promote the development of local content as part of the country´s long-term economic development program, the Emerging Senegal Plan.
Thales is set to supply Vodafone Group with Eco-SIM; a product whose card body is made out of 100% recycled plastic from refrigerator interiors. Vodafone initially plans to deploy Eco-SIM in ten countries1 in Europe and Africa.
African Development Bank launches consultations on strategy for quality health infrastructure in Africa
The African Development Bank launched a consultation process with health ministers and other partners as it develops a strategy to drive enhanced access to health services across Africa through 2030.
Africa Investment Forum, projects worth $140 million on the table to boost vaccines and healthcare in Africa
Members of the Africa Investment Forum team showcased two projects as the continent looks to boost its healthcare sector and attract much-needed investment in the wake of the Covid-19 pandemic.