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…
African Development Bank invests US$7.5 million in Africa Tech Ventures to boost innovative start-ups
The Board of Directors of the African Development Bank has approved a US$7.5 million equity investment in Africa Tech Ventures…
IFC $6 million Seed Investment in Kobo360 Aims to Transform Supply Chain for African Mass-Market Goods
IFC, a member of the World Bank Group, recently announced a $6 million equity investment in Kobo360 Inc, a tech-enabled…
World Bank Group announces $200 billion over five Years for Climate Action
The World Bank Group announced on December 3, a major new set of climate targets for 2021-2025, doubling its current…
