South Africa reopens its borders to Africans
From now on, African travelers will be able to travel to the countries of Nelson Mandela provided they have the relevant travel documents. South...
African Risk Capacity Limited Partners with Insuretech Pula to Deliver Best-in-Class Agric Index Insurance...
The African Risk Capacity Limited (ARC Ltd), the commercial subsidiary of African Risk Capacity Group (ARC Group), has announced a partnership agreement with Pula...
Senegal’s GDP will contract by 0.7% in 2020
The Senegalese economy is expected to contract this year due to disruptions in economic activity caused by the COVID-19 pandemic, notes the IMF mission.
In...
Afreximbank disburses US$200 million to Zenith Bank Plc Nigeria to cushion impact of COVID-19
African Export-Import Bank (Afreximbank) has disbursed US$200 million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility (PATIMFA).
The funds will assist...
African Development Bank 2020 Annual meetings: Building Africa back better after the COVID-19 pandemic
For the first time in the history of the African Development Bank, its Annual Meetings will be held virtually to comply with the COVID-19...
President Abdel Fattah al-SISI accepts the Babacar NDIAYE Trophy
The 2020 Final Conference takes place on August 25 via videoconference
Trophée Babacar NDIAYE is pleased to announce that the President of the Arab Republic...
Nigerian National Petroleum Corporation becomes an EITI supporting company
Nigeria’s national oil company, the Nigerian National Petroleum Corporation (NNPC), has become an EITI supporting company, joining a group of over 65 extractives companies,...
Finnfund provides US$10 million loan to First National Bank Ghana
Finnfund, a Finnish development finance company and impact investor, has provided a US$ 10 million senior loan to First National Bank Ghana Ltd. One of...
TDB and AFD sign a USD150 million credit line to finance green infrastructure in...
Mr Admassu TADESSE, Eastern and Southern African Trade and Development Bank (TDB) President and Chief Executive, and Mr. Ghislain DE VALON, Agence Française de...
Islamic Development Bank and BADEA continue to stand with ACBF
As the impact of the COVID-19 pandemic affects ACBF’s ability to function at full capacity, the Islamic Development Bank (IsDB) and the Arab Bank...
Afreximbank Wins Two EMEA Best Structured Finance Awards
Cairo, 20 July 2020: – The African Export-Import Bank (Afreximbank) has been recognized by EMEA Finance’s 12th African Banking Awards for two transactions processed...
Vital Capital Collaborating With USAID’s Kenya Investment Mechanism to Provide Financing to Kenyan Businesses...
Vital Capital, a pioneering impact investment, private equity fund focused on companies in sub-Saharan Africa, has announced a collaboration with the U.S. Government’s Kenya...
Fitch Rating Agency Affirms Triple A (AAA) Rating of the African Development Bank, with...
Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank’s (AfDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’, with...
Post COVID-19: Africa’s growth stands to rebound to 3% in 2021, African Development Bank...
- Governments and development partners must respond in a more coordinated, targeted, and rapid manner to be effective in limiting impacts
- An additional 49 million Africans...