Up to 10,000 African start-ups and small businesses stand to receive financial and technical support to the tune of Sh282.5…
African countries report progress in the fight against tax evasion and illicit financial flows
The 6th Meeting of the Global Forum’s Africa Initiative held in Kigali, Rwanda on 28 February and 1 March 2019,…
OPIC invests $85million in Solar Energy Transformation Fund targeting Africa and India
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided initial financing to SunFunder’s $85 million…
CrossBoundary Energy Access launches new investment vehicle for mini-grids in Africa
On January 24, CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, announced its launch, with funding commitments…
ECOWAS, AfDB sign agreement for $22.7 million Abidjan-Lagos highway corridor
The Commission of the Economic Community of West African States (ECOWAS) and the African Development Bank (AfDB) have signed the…
Partech announces the final closing of its Africa fund at €125 M
Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and…
West-Africa’s top crude refinery secures $656m funding
Société Ivoirienne de Raffinage (SIR) has finalized a $656 million debt restructuring financed led by Africa Finance Corporation (AFC) as…
New Venture Fund Plans to Invest US$10million in Kenya, Nigeria and SA
Oui Capital, a venture fund focusing on early stage technology companies in Nigeria, Kenya and South Africa will engage in…
AfDB to raise over US$7 billion from capital markets for investment in African economies in 2019
Bank continues to build its profile in the capital markets for cost-effective resources to finance projects and programs in Regional…
Remittances to Sub-Saharan Africa climbed to $45 billion in 2018
Remittances to low- and middle-income countries grew rapidly and are projected to reach a new record in 2018, says the…
