The Government of Korea and the African Development Bank have signed a Letter of Intent to launch the Korea-Africa Energy…
IFC and SME Finance Forum to tackle US$331 billion SME financing gap in Africa
The International Finance Corporation (IFC) and Small and Micro Enterprises (SME) Finance Forum propose a solution that will solve Sub-Saharan…
African Guarantee Fund to increase capital fivefold to $500 million, by 2021
African Guarantee Fund plans to boost its capital by fivefold to $500 million by 2021. “We are in the middle of…
Standard Chartered and CDC to launch supply chain finance programme to boost trade in Africa
CDC Group (“CDC”), the UK’s development finance institution, and Standard Chartered Bank (“Standard Chartered”) announced the signing of a memorandum…
Africa infrastructure fund raises $385m in new capital
The Emerging Africa Infrastructure Fund (EAIF) on announced on Tuesday April 10 that it has successfully completed its latest…
EIB and AfDB announce US$70million support for Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank…
Fund for African Private Sector Assistance approves three projects to spur SME development in Africa
Donors to the Fund for African Private Sector Assistance (FAPA) – consisting of the African Development Bank, the Government of…
IFC to help plug US$4.5bn infrastructure gap in Africa
The International Finance Corporation, IFC and the China-World Bank Partnership Facility announced efforts to increase cross-border partnerships that will bring global…
European Investment Bank announces US$25m financing for Africa to develop off-grid solar systems
The European Investment Bank (EIB) has agreed to provide US$25m to d.light design to strengthen access to energy in Africa…
Africa Union Launches the African Continental Free Trade Area (AfCFTA)
Forty-four African countries signed the African Continental Free Trade Area (AfCFTA) agreement on Wednesday March 21, at the 10th Extraordinary…
