The world’s leading development banks are spending more than ever on climate mitigation and adaptation projects within emerging economies. The…
Countries pledge US$4.1 billion to the Global Environment Facility
Close to 30 countries have jointly pledged US$4.1 billion to the Global Environment Facility (GEF) to better protect the future…
African Development Bank and UNIDO join forces to accelerate Africa’s industrialization
The African Development Bank (AfDB) and the United Nations Industrial Development Organization (UNIDO) have signed a Memorandum of Understanding (MoU)…
US$1.5 billion fund launched to help build Africa’s smart city ecosystem
Multinational ICT firm Huawei has confirmed the introduction of a US$1.5 billion global financing program, with capital from IOT/ smart…
African Development Bank and Korea launch the Korea-Africa Energy Investment Facility
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…
