Alibaba Business School and the United Nations Conference on Trade and Development (UNCTAD) brought 29 young entrepreneurs from 11 countries…
China, African trade hits $170b yearly
China’s trade with Africa records growth China’s bilateral cooperation with Africa has grown phenomenally in the past 40 years with…
Intra-African trade gets $1 billion push
The African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation of South Africa SOC Limited (ECIC), Johannesburg, unveiled a…
Development banks pump record $35 billion into climate finance
The world’s leading development banks are spending more than ever on climate mitigation and adaptation projects within emerging economies. The…
Countries pledge US$4.1 billion to the Global Environment Facility
Close to 30 countries have jointly pledged US$4.1 billion to the Global Environment Facility (GEF) to better protect the future…
African Development Bank and UNIDO join forces to accelerate Africa’s industrialization
The African Development Bank (AfDB) and the United Nations Industrial Development Organization (UNIDO) have signed a Memorandum of Understanding (MoU)…
US$1.5 billion fund launched to help build Africa’s smart city ecosystem
Multinational ICT firm Huawei has confirmed the introduction of a US$1.5 billion global financing program, with capital from IOT/ smart…
African Development Bank and Korea launch the Korea-Africa Energy Investment Facility
The Government of Korea and the African Development Bank have signed a Letter of Intent to launch the Korea-Africa Energy…
IFC and SME Finance Forum to tackle US$331 billion SME financing gap in Africa
The International Finance Corporation (IFC) and Small and Micro Enterprises (SME) Finance Forum propose a solution that will solve Sub-Saharan…
African Guarantee Fund to increase capital fivefold to $500 million, by 2021
African Guarantee Fund plans to boost its capital by fivefold to $500 million by 2021. “We are in the middle of…
