Japan provides US $700 million to African Development Fund

The Japan International Cooperation Agency (JICA) has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance (ODA) loan to the tune of 73.601 billion Japanese Yen (approx. US $700.9 million). The loan is part of Japan’s contribution to the African Development Fund’s Fourteenth Replenishment (ADF-14). This is …

IFC Becomes Anchor Investor in Partech Africa—Largest VC Fund Focused on Africa

IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund that is expected to become the largest venture-capital fund focused on digital-technology start-ups in sub-Saharan Africa. The initiative will help accelerate an ongoing digital transformation that is helping drive economic growth in the region. IFC’s €15 million equity …

African Union Launches Single African Air Transport Market​

The African Union launched the Single African Air Transport Market on the 28 January 2018 on the margins of the African Union Summit in Addis Ababa, Ethiopia. The Single African Air Transport Market (SAATM) is a flagship project of the African Union Agenda 2063, an initiative of the African Union to create a single unified …