July 25, 2023 The Private Infrastructure Development Group’s Emerging Africa Infrastructure Fund (EAIF) has provided a €35 million senior loan to kickstart the development of a groundbreaking 46 MW biomass power plant in Ayebo, Côte D’Ivoire. Lead arranger Proparco, a subsidiary of the French Development Agency, had earlier committed €90 million to the project. Additionally, […]
July 20, 2023 The African Development Fund (ADF) has approved the establishment of a Youth Entrepreneurship Investment Bank (YEIB) in Liberia to unleash the business potential of young Liberians. Approximately $16 million has been allocated to fund this strategic initiative, which aims to support youth-led micro, small, and medium enterprises in Liberia’s agribusiness and allied […]
June 19, 2023 The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) have recently entered into a Memorandum of Understanding (MoU) to foster closer collaboration and drive financial market development and integration on the African continent. In a joint statement issued on Wednesday, the two organizations emphasized that the […]
July 21, 2023 In a remarkable move to bolster economic growth and tackle poverty in Ghana, the Norwegian Investment Fund for Developing Countries (Norfund) has recently injected a substantial investment of $10.5 million into Miniplast, a prominent Ghanaian manufacturing company. With an impressive investment portfolio of approximately $3.1 billion in Sub-Saharan Africa, Norfund has taken […]
July 14 2023 The Africa Prize For Engineering competition witnessed the emergence of joint winners. Anatoli Kirigwajjo from Uganda and Edmund Wessels from South Africa achieved a remarkable tie for first place as they showcased their groundbreaking innovations, YUNGA and FlexiGyn, before a panel of esteemed judges. This momentous occasion led to both engineers being […]
July 13 2023 In recent years, Zimbabwe has been facing severe economic challenges, including hyperinflation and a shortage of foreign currency. To address these issues, the Reserve Bank of Zimbabwe (RBZ) has embarked on a project to introduce a digital currency backed by gold. This move aims to provide a stable and secure means of […]
After a day of heated exchanges in Parliament over stalled constituency funding, Treasury Cabinet Secretary John Mbadi announced on April...
The World Trade Organization (WTO) has dramatically revised its forecast for global merchandise trade in 2025, predicting a 0.2% decline...
The African Export-Import Bank (Afreximbank), in partnership with Egypt’s Ministry of Planning, Economic Development and International Cooperation (MoPEDIC) and the...
After the dramatic collapse of CBEX—a trading platform that left thousands of Kenyans unable to withdraw their funds—the Capital Markets...