Targeting sectors hit hard by COVID-19, IFC today announced a $2 billion commitment to support smaller businesses and increased trade…
AfDB to invest US$3bn in Africa’s pharmaceutical industry
The African Development Bank (AfDB) says over the next ten years, it will invest $3 billion to build Africa’s pharmaceutical…
Remittance flows fall in Sub-Saharan Africa – World Bank
Despite COVID-19, remittance flows remained resilient in 2020, registering a smaller decline than previously projected. Officially recorded remittance flows to…
Development banks and partners pledge US$17 billion in financing to improve food security in Africa
An alliance of multilateral development banks and development partners pledged over $17 billion toward addressing rising hunger and improving food security…
Finnfund invests in Uhuru Growth Fund I to foster growth of West African businesses
Finnfund, a Finnish development financier and impact investor, announce today a USD 10 million commitment to Uhuru Growth Fund I…
Southern Africa taps US$380 million in World Bank financing to facilitate regional trade and investment for more inclusive growth
The World Bank today approved $380 million in financing from the International Development Association (IDA)* to support Malawi and Mozambique…
Africa Finance Corporation issues US$750 million 7-year Eurobond at a yield of 2.99%
In a sign of robust global investor interest in the continent, Africa Finance Corporation, a multilateral development financial institution dedicated…
Africa’s recovery pathway offers enormous opportunities, African Development Bank head says at EU-Africa Green Investment Forum
Sounding a note of optimism at the European Union-Africa Green Investment Forum on Friday, African Development Bank President Dr. Akinwumi…
African Union and Africa CDC launch Partnerships for African Vaccine Manufacturing
African Union Heads of State and over 40,000 esteemed participants attended a virtual summit on Expanding Africa’s Vaccine Manufacturing for…
World’s first clean hydrogen investment fund launched
Independent asset manager FiveT Capital Holding have launched a private infrastructure fund, FiveT Hydrogen Fund, dedicated to delivering clean hydrogen…
