Afreximbank Board of Directors renews US$1 billion Facility and approves a US$10 million grant to operationalise the AfCFTA Adjustment Funds

At their 134th Meeting held on June 13, 2022, the Board of Directors of African Export-Import Bank (Afreximbank) has renewed … More

African Heads of State Reaffirm Commitment to Recovering from Crises and Achieving Economic Transformation

African Heads of State and Government reaffirmed their commitment to seize key opportunities to respond to multiple crises and steer … More

Africa could see FDI increase by between 111 percent and 159 percent under the AfCFTA.

The African Continental Free Trade Area (AfCFTA) could deliver far greater benefits in terms of jobs, growth, and poverty reduction … More

Afreximbank Welcomes Algeria as its 52nd Member State

African Export-Import Bank (Afreximbank) has announced that The People’s Democratic Republic of Algeria (Algeria) has joined the Bank as a … More

African Development Bank, Africa50 and the newly launched African Sovereign Investors Forum signal strong desire to jointly mobilize capital for infrastructure projects

Africa50, the African Development Bank, and Africa Sovereign Investors Forum (ASIF), have signed a letter of intent to collaborate on … More

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 … More

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 … More

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 … More

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 … More

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 … More