Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and the Islamic Corporation for the Development of the … More
Author: Financing for Development in Africa
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 … More
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 … More
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 … More
African Development Bank Board approves $1.5 billion facility to avert food crisis
The African Development Bank Group’s Board of Directors on Friday approved a $1.5 billion facility to help African countries avert … More
Afreximbank and APPO to establish an African energy bank
The African Export Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO) have committed to the establishment of an African … More
Commonwealth signs MoU with the International Islamic Trade Finance Corporation
The Commonwealth Secretariat and the International Islamic Trade Finance Corporation signed a Memorandum of Understanding (MoU) today to collaborate on … More
Africa Finance Corporation launches US$2bn facility to support economic recovery & resilience in Africa
In response to economic challenges created by the global pandemic and the Russia-Ukraine conflict, Africa Finance Corporation (AFC) is launching … More
PAPSS announces collaboration with BUNA to build a payment gateway between Africa and the Arab region
The Pan-African Payment and Settlement System (PAPSS) operated by African Export-Import Bank (Afreximbank) in collaboration with the African Continental Free … More
We-Fi announces new round of funding for women entrepreneurs; $15 million to the Africa Digital Financial Inclusion Facility to improve access to finance for women-owned small businesses
The Women Entrepreneurs Finance Initiative (We-Fi) has announced a new round of funding under which the African Development Bank’s Africa … More