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