The African Union is setting up a fund to finance the construction of much-needed roads, railways and power plants on…
AAAM and Afreximbank sign an MoU to drive Automotive Investment in Africa
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have entered into a Memorandum of Understanding…
AfDB support for climate finance measures in West Africa
The African Development Bank will financially support West African countries to meet their Nationally Determined Contributions (NDCs) targets under the…
The West African Development Bank issues its first African sustainability bond
Global investors welcomed the West African Development Bank’s first bond issue with sustainable development objectives (Sustainability Bonds). This issue amounting…
Phatisa Food Fund 2 reaches $143 million final close from DFI commitments
CDC Group, Norfund, Finnfund, FinDev Canada and BIO jointly commit $82 million to Phatisa’s second food fund Sub-Saharan African fund…
CDC announces US$100 million investment in Alfa Medical Group
Alfa Medical Group consists of leading diagnostics players in Egypt (Alfa Scan and Alfa Laboratories) and El-Safa Hospital Expands access…
AfDB, AfreximBank & FCI launch grant to support capacity building of emerging factoring firms in Africa
The African Export-Import Bank (Afreximbank) together with its partners the African Development Bank (AfDB) and FCI announce the creation of…
OPEC Fund supports post-COVID19 African Infrastructure with US$50m loan to Africa Finance Corporation
The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan…
African Development Bank, European Investment Bank sign Joint Partnership Action Plan to fast-track development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) today signed a joint partnership action plan highlighting their…
CDC again targets over US$1bn annual investment in African businesses
CDC will invest over $1 billion in Africa in 2021, maintaining its strong investment pace Provides much needed counter cyclical…
