Nigeria-focused mobile payments company OPay raised $50 million from investors, cash it plans to use to expand the scale and…
The African Union will launch operational phase of the AfCFTA at Summit in Niger
“It goes without saying that the most emblematic of the flagship projects of Agenda 2063 is the African Continental Free…
Regional growth in sub-Saharan Africa projected to be 3.3% in 2020
Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020.…
MDB Climate Finance Hit Record High of $43.1 Billion in 2018
Climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time…
African Development Bank, partners launch new fund to boost digital financial inclusion
The African Development Bank and its partners on Wednesday (June 12) launched the Africa Digital Financial Inclusion Facility (ADFI), designed…
AFREXIMBANK, NEXIM to provide $1bn finance for Africa’s trade, infrastructure development
The African Export-Import Bank (AFREXIMBANK) has said it is partnering with the Nigerian Export-Import Bank (NEXIM) to provide about $1billion…
Helios Investment Plans $1.25 Billion Pan-Africa Fund
Helios Investment Partners LLP, the Africa-focused private equity firm, plans to raise a fund of about $1.25 billion to invest…
UN and African Union in ‘common battle’ for development and climate change financing
UN Secretary-General António Guterres has called for a “quantum leap” in funding for development and climate change for Africa, speaking…
Seven more African countries join the Global Financing Facility
Following the GFF replenishment event in November 2018 that raised more than US$1 billion for the Global Financing Facility for…
AfDB, Fidelity Bank to fund MSMEs with $50m
The African Development Bank and Fidelity Bank Plc have signed a $50m financing agreement aimed at the funding and promoting…
