Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces the successful issuance of…
Acumen, FMO and Trine invest $5m in Easy Solar
Acumen and FMO have led a $3m Series A Equity round in Easy Solar, a solar company in West Africa. In addition, the…
Africa could gain $89 billion annually by curbing illicit financial flows – UNCTAD
Every year, an estimated $88.6 billion, equivalent to 3.7% of Africa’s GDP, leaves the continent as illicit capital flight, according…
Africa needs urgent trade finance boost in the wake of COVID-19, report finds
There is an urgent need for financing to reenergize Africa’s trade in the wake of the COVID-19 pandemic, according to…
OPEC Fund approves $100million for operations in developing countries
The OPEC Fund for International Development (the OPEC Fund) has approved US$100 million in new funding to support development operations in…
DFC Approves $3.6 Billion of New Investments in Global Development in Largest Quarter Ever
The U.S. International Development Finance Corporation (DFC) Board of Directors has approved investments this quarter totaling more than $2.5 billion…
Afreximbank provides $400m to the Export Trading Group to drive agricultural productivity and resilience
The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has approved a $400-million revolving global credit facility agreement…
One Acre Fund secures $20 million to catalyze institutional capital for African farmers
Conventional investors see uncompensated risk. Investors of ‘catalytic capital’ see an opportunity for outsized impact. One Acre Fund has spent…
AFD and Afreximbank sign a EUR 150 million agreement aimed at promoting sustainable and climate finance in Africa
On July 2nd 2020, Agence Française de Développement (AFD) and the African Export-Import Bank (AfreximBank) have announced a new facility…
AU agency launches program to assist African businesses
The African Union Development Agency (AUDA-NEPAD) has launched a program to help Africa’s Micro, Small and Medium Enterprises (MSMEs) to…
