Africa50, the African Development Bank, and Africa Sovereign Investors Forum (ASIF), have signed a letter of intent to collaborate on…
British International Investment to invest up to $200 million in African hydropower alongside Norfund and Scatec
BII is entering into the Norwegian DFI’s Joint Venture with Scatec, a leading renewable energy solutions provider, to invest in…
Afreximbank and ITFC Sign US$250 Million Murabaha Financing Agreement to Support African Response to Economic Challenges Posed by the Ongoing Geopolitical Turmoil
African Export-Import Bank (Afreximbank) announced agreed mandate to the International Islamic Trade Finance Corporation (ITFC) to raise a US$250 million…
Africa and the Caribbean to strengthen cooperation through their regional development banks
Economic ties between Africa and the Caribbean took a strong upward turn this week as the regions’ premier financial institutions—the…
WTO, Commonwealth Secretariat strengthen efforts to boost trade capacity of Commonwealth members
The WTO and the Commonwealth Secretariat signed a Memorandum of Understanding to strengthen cooperation between the two organizations and to…
FSD Africa Investments commits £8m to finance a new class of asset allocators in Africa
Our investment arm, FSD Africa Investments (FSDAi), has announced an £8 million investment to support a new class of investors…
AFC and ICD sign MOU to collaborate on investments in 19 common member countries in Africa
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and the Islamic Corporation for the Development of the…
Remittance inflows to Sub-Saharan Africa soared 14.1 percent to $49 billion in 2021
Officially recorded remittance flows to low- and middle-income countries (LMICs) are expected to increase by 4.2 percent this year to…
Republic of Tunisia becomes Africa Finance Corporation’s 34th member state
The Africa Finance Corporation (“AFC”) has welcomed Tunisia as its 34th member state. Tunisia’s accession brings the total number of North…
DFC Collaborates with USAID and the African Union to Support Financial Inclusion in Sub-Saharan Africa
U.S. International Development Finance Corporation (DFC) announced the financial commitment of four transactions under a partnership with U.S. Agency for…
Financing for Development in Africa 