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The Confederation of African Football (CAF) and Africa Global Logistics (AGL), a major logistics player in Africa, have concluded a strategic partnership making AGL the official logistics partner of African football. Africa Global Logistics thus becomes an official partner of the TotalEnergies CAF Africa Cup of Nations – Côte d’Ivoire 2023 and the TotalEnergies CAF Women’s Africa Cup of Nations 2024. This partnership between CAFand AGL, two organisations at the heart of Africa’s transformations; is an opportunity to contribute significantly to the development of football, a sport that unites and inspires African youth. By becoming the official logistics partner of…

African Export-Import Bank (Afreximbank) and King’s College London (“KCL” or” King’s”) have signed a memorandum of agreement (MOA) that sets the stage for initiating a scoping study that will determine the feasibility of their plan to jointly establish of a state-of-the-art medical and nursing school alongside the African Medical Centre of Excellence (AMCE) in Abuja, Nigeria. The signing ceremony, which took place at the Strand Campus of King’s College London, on 24 November 2023, marks yet another milestone in Afreximbank’s efforts toward a positive transformation of Africa’s healthcare sector, by producing quality healthcare workers, doctors, nurses, and scientists for Africa and…

In Ghana, the Africa Prosperity Network (APN) has appointed a new CEO, Njack Kane, a financier selected after an extensive search aimed at finding “a seasoned industry professional capable of bridging Anglophone and Francophone Africa.” The Africa Prosperity Network (APN) organizes the Africa Prosperity Dialogues, a strategic meeting focused on integration issues. In his role, Njack Kane will be supported by Prince Moses, Deputy General Manager, and Stéphanie Diatta, General Manager. The new management team, comprising three members, is proficient in both English and French. https://www.youtube.com/watch?v=UQmwQ9C_C8c&t=10s On Thursday, November 23, 2023, the next event of the Africa Prosperity Network (APN)…

“Produce green hydrogen and you can rely on us as buyers”—German Chancellor Scholz tells African leaders “I look forward to strengthening our strategic partnership with Germany in our drive to achieve faster economic growth and prosperity for Africa”—African Development Bank’s Adesina. The government of Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. German Chancellor Olaf Scholz made the announcement at a press conference in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr Akinwumi Adesina, during the G20 Compact with Africa conference. The Compact with…

Africa Healthcare Network (AHN), a leading provider of dialysis services in Africa, has secured $20 million in equity and debt funding, from Africa50 and AfricInvest, two leading African institutions, and Tokyo-based Ohara Pharmaceutical Co., Ltd. The funding will enable AHN to accelerate its growth and address significant gaps in the availability of high quality, affordable renal care across Africa. Africa50, which led the equity funding, invests in high-impact, high-growth businesses and projects across the continent. AfricInvest, which provided debt financing through its Transform Health Fund (THF), is a leading pan-African investment platform, dedicated to supporting businesses that drive economic growth…

The African Export-Import Bank (Afreximbank) has been recognised with a much-coveted “Sustainable Deal of the Year” award for its pioneering work in the establishment and development of the Liquidity and Sustainability Facility (LSF), a vehicle that seeks to increase liquidity and demand for Eurobonds issued by African Sovereigns. Issued by Uxolo Global 2023: Development and Impact Finance and co-hosted by TXF, the award highlights the positive impact which increased demand for these Eurobonds can have in promoting investments in sustainable infrastructure and development across Africa.The LSF seeks to harness and infuse enhanced liquidity into Africa’s financial markets by contributing to…

Lomé, 20 November 2023 The ECOWAS Bank for Investment and Development (EBID) has signed an agreement with WEMA Bank Plc, Nigeria providing a USD50 Million line of credit to support Small and Medium Enterprises (SMEs) in the agro-business sector in the th Federal Republic of Nigeria. The signing ceremony took place on November 20 , 2023, at the Bank’s Headquarters in Lomé, Togolese Republic. In his address, Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID, affirmed that the collaboration with Wema Bank Plc was aligned with the United Nations’ Sustainable Development Goals (SDGs), particularly…

On 15 November 2023, the President of the Republic of Ghana, H.E. Nana Akufo Addo, together with Philippe Labonne, AGL Chairman, officially launched phase 2 of the Tema port expansion project including the commissioning of 3 STS gantries and 12 e-RTG gantries. The phase 2 works, led by Meridian Port Services (MPS), whose reference shareholders are AGL, APM Terminals and the Ghana Ports Authority (GPHA), are valued at a total of USD 150 million and involve the construction of 270,000 square metres of storage area plus the installation of new equipment. They will increase the terminal’s capacity from 100 to…

• This is the largest guarantee facility in sub-Saharan Africa • The risk sharing agreement marks the third renewal of the partnership between Ecobank and AGF. • SMEs from across 27 African markets in which Ecobank operates will benefit from the partnership; up from just 7 countries in 2013. • The agreement includes favourable lending terms for gender financing and green transactions. Lomé, Togo, 16 November 2023, Ecobank, the leading pan-African banking group, and the African Guarantee Fund (AGF), a specialized pan-African guarantee provider,have joined forces in a groundbreaking USD200 million risk-sharing agreement, aimed at catalyzing economic growth and supporting entrepreneurial ventures – including women-owned SMEs on the continent. The two organisations signed a strategic partnershipagreement today on the sidelines of the Africa Financial Industry Summit (AFIS) in Lomé, Togo, in the…

Africa should prioritize the implementation of the Addis Ababa Declaration on Population and Development (AADPD) which is key to the achievement of the Sustainable Development Goals and the African Union Commission Agenda 2063, population experts have urged. Meeting at the 10th Africa Regional Review meeting of the AADPD, the African Population Experts Committee (APEC) called on African governments to fulfill the principles of the declaration and to tap the youth dividend to accelerate sustainable development. The Chief, in the UNFPA Representation Office to African Union Commission (AUC) and Economic Commission for Africa, Saturnin Epie, noted that population dynamics, climate change,…

Attendees continued to hear wide-ranging discussions and comments on trade and investment issues on the fifth day of the third Intra-African Trade Fair 2023 (IATF2023) in Cairo yesterday. Egypt and Barbados celebrated Country Days by hosting investment forums. In a discussion at the Egypt investment forum, speakers highlighted opportunities for greater trade between Egypt and other parts of Africa. Dr. Sherif El Gabaly, Head of the African Affairs Committee, Egyptian Parliament, underscored lessons that Egypt could share in terms of strengthening agricultural self-sufficiency. Other Egyptian business leaders shared insights from their work in the healthcare, automotive, construction and e-commerce sectors.…

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The African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has released an impressive list of 71 sponsors of the third Intra-African Trade Fair (IATF2023), Africa’s premier trade and investment event, taking place in Cairo from 9 to 15November. Positioned as the premier platform for business exchanges in Africa, IATF2023 is drawing on the broad range of programmes and initiatives being implemented by Afreximbank to facilitate intra-African trade and on the promise of the AfCFTA to revolutionise trade, reshape markets across the Africa, boost output in the manufacturing and…

Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced today that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent. The announcement was made by the Islamic Development Bank President, Dr. Muhammad Al Jasser at the Arab-Africa & Saudi-Africa Summits’ Economic Conference held in Riyadh, Kingdom of Saudi Arabia. Many countries in Africa are particularly vulnerable to climate change, making strengthening climate resilience and adaptation an urgent priority. In a joint communiqué the group of ten…