The Commission of the Economic Community of West African States (ECOWAS) and the African Development Bank (AfDB) have signed the…
Partech announces the final closing of its Africa fund at €125 M
Partech announces the final closing of its Partech Africa fund at €125 M ($143 M) above its hard cap and…
West-Africa’s top crude refinery secures $656m funding
Société Ivoirienne de Raffinage (SIR) has finalized a $656 million debt restructuring financed led by Africa Finance Corporation (AFC) as…
New Venture Fund Plans to Invest US$10million in Kenya, Nigeria and SA
Oui Capital, a venture fund focusing on early stage technology companies in Nigeria, Kenya and South Africa will engage in…
AfDB to raise over US$7 billion from capital markets for investment in African economies in 2019
Bank continues to build its profile in the capital markets for cost-effective resources to finance projects and programs in Regional…
Remittances to Sub-Saharan Africa climbed to $45 billion in 2018
Remittances to low- and middle-income countries grew rapidly and are projected to reach a new record in 2018, says the…
African Development Bank invests US$7.5 million in Africa Tech Ventures to boost innovative start-ups
The Board of Directors of the African Development Bank has approved a US$7.5 million equity investment in Africa Tech Ventures…
IFC $6 million Seed Investment in Kobo360 Aims to Transform Supply Chain for African Mass-Market Goods
IFC, a member of the World Bank Group, recently announced a $6 million equity investment in Kobo360 Inc, a tech-enabled…
World Bank Group announces $200 billion over five Years for Climate Action
The World Bank Group announced on December 3, a major new set of climate targets for 2021-2025, doubling its current…
UK CDC Group plans to invest US$ 4.5bn in Africa
CDC Group plc, the UK’s development finance institution, has announced a commitment of US$25 million to a local fund backing…
