The OPEC Fund for International Development (the OPEC Fund) has increased its trade finance program from US$50 to US$100 million…
Novastar Ventures fund closes at $108m for investments in East, West African startups
The Novastar Ventures Africa Fund II has held its final close at US$108 million, which will be used to back…
IFC, Proparco Join Efforts to Maximize Development Impact and Accelerate COVID-19 Recovery
IFC, a member of the World Bank Group, and Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to…
Remittance flows to fall by 23% in Sub-Saharan Africa – World Bank
Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by…
European DFIs plan for billion-dollar bailout to save jobs in Africa
Development Finance Institutions (DFIs) in Europe aim to launch an emergency liquidity facility focusing on African firms hit by the…
Alitheia IDF fund for women-led African enterprises reaches second close at $75 million
A joint venture fund aimed at growing women-led businesses in Africa has reached its second close at $75 million and…
African Development Bank Group approves Gender Equality Trust Fund
The Board of Directors of the African Development Bank Group have approved a new Gender Equality Trust Fund (GETF) aimed…
Actis to create a $250 million African data centre platform
Actis, a leading investor of private capital into global emerging markets, establishes a US$250 million pan-African data centre platform.…
Investors close $160m for the Facility for Energy Inclusion
The African Development Bank (AfDB), the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly…
USAID, UBA sign MoU to advance trade and investment in Africa
U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA)…
