The African Union Development Agency (AUDA-NEPAD) has launched a program to help Africa’s Micro, Small and Medium Enterprises (MSMEs) to…
Climate financing by leading multilateral development banks tops $61.6 billion
Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5…
IFC Invests $5.6 Billion for Private Sector Development in Africa and the Middle East
IFC, a member of the World Bank Group, committed $5.6 billion to private sector development in the Middle East and…
Afreximbank Disburses $3.55bn to Cushion Impact of COVID-19, $300m to Stimulate Intra-African Trade
The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has disbursed a total of $3.55bn to the Egyptian…
DFC to Launch Regional Team Based in Africa
U.S. International Development Finance Corporation (DFC) announced that it is launching the Africa Investment Advisor Program, which establishes a regional…
Investment flows in Africa set to drop 25% to 40% in 2020
The trend of declining foreign direct investment (FDI) to Africa is set to exacerbate significantly in 2020 amid the dual…
ITFC finances Afreximbank with $200m COVID-19 response package for agriculture in sub-Saharan Africa
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, signed a $200 million syndicated…
Ingressive Capital completes its $10m African fund, set to invest up to $400K in new startups
Ingressive Capital has announced the completion of its $10 million African tech fund. Founded by Maya Horgan Famodu in 2017,…
Africa Finance Corporation issues US$700 Million 5-year Reg S Eurobond
Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces the successful issuance of…
Germany looks to facilitate private sector investments in Africa
The German government’s policy, in terms of targeting its ODA spending, has followed the principle of diffusing aid globally on…
