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Afreximbank
Source: Afreximbank |

African Continental Free Trade Area to create immense opportunities for Algerian businesses

Mrs. Awani congratulated Algeria for becoming a Member State of Afreximbank in June 2022

“It Is time for Africa to take her destiny in her own hands and to determine her own developmental agenda. However, doing so will not be easy. It will require commitment, courage, and deliberate action. Traders need to seek out new market opportunities rather than the conventional route of turning…

World Food Programme (WFP)
Source: World Food Programme (WFP) |

Global Green Growth Institute (GGGI) and World Food Programme (WFP) support communities on the frontlines of the climate crisis

The climate crisis is a key driver of the unprecedented rise in global hunger which has left a record 345 million people facing acute food insecurity around the world

The Global Green Growth Institute (GGGI) and the United Nations World Food Programme (WFP) have signed an agreement to strengthen the capacity of developing and emerging economies to address the unprecedented challenge of the climate crisis. The agreement, signed in Nairobi by Malle Fofana, GGGI’s Africa Regional Director and Ute…

Rand Merchant Bank
Source: Rand Merchant Bank |

Lango and Rand Merchant Bank (RMB) take a lead in propelling Africa’s sustainability agenda

The generation of compelling and sustainable investor returns through the acquisition of prime commercial real estate assets in key gateway cities across Africa is central to Lango’s business model

Leading pan-African real estate firm Lango has proactively appointed RMB (www.RMB.co.za) to act as sole sustainability advisor and coordinator for its first sustainability-linked financing package. The generation of compelling and sustainable investor returns through the acquisition of prime commercial real estate assets in key gateway cities across Africa is central to…

African Energy Chamber

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    • Advancing Energy Investment: Africa Finance Corporation Joins African Energy Week (AEW) 2023 as Bronze Sponsor
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Source: African Energy Chamber |

Advancing Energy Investment: Africa Finance Corporation joins African Energy Week (AEW) 2023 as Bronze Sponsor

Pan-African multilateral development financial institution the Africa Finance Corporation has joined the African Energy Week 2023 conference as a Bronze Sponsor

While Africa’s vast hydrocarbon resources present an opportunity for the continent to drive socioeconomic development while also providing a sound solution to address global energy challenges, inadequate investment within the energy value chain continues to restrain the maximization of resources. In this regard, African financial institutions such as the Africa…

African Development Bank Group (AfDB)

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    • Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project (1)
    • Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project (2)
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Source: African Development Bank Group (AfDB) |

Tunisia: African Development Bank (AfDB), AMEA Power, International Finance Corporation (IFC) and Sustainable Energy Fund for Africa (SEFA) launch first large-scale privately-financed solar project

This initiative stands as one of Tunisia's most impactful infrastructure projects in over a decade

The African Development Bank (www.AfDB.org) and the Sustainable Energy Fund for Africa (SEFA), in partnership with the International Finance Corporation and UAE's AMEA Power, today herald Tunisia's first privately-financed solar project. This initiative is set to revolutionise the nation's energy scene by cutting power generation costs, significantly trimming greenhouse gas…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) secures US$300 Million Loan from the Export-Import Bank of China to boost trade finance in Africa (1)
    • Africa Finance Corporation (AFC) secures US$300 Million Loan from the Export-Import Bank of China to boost trade finance in Africa (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) secures US$300 Million Loan from the Export-Import Bank of China to boost trade finance in Africa

The loan will provide critical financing to support trade finance and investment in Africa, further facilitating the flow of goods and services between Africa and China

Africa Finance Corporation (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, today announced the successful signing of a US$300 million loan facility agreement with the Export-Import Bank of China (CEXIM). This landmark agreement, signed on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt, is…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank debars Joycot General Contractors Limited for 15 months for fraudulent practices

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that Joycot General Contractors Ltd. engaged in fraudulent practices

The African Development Bank Group (www.AfDB.org), on 25 September 2023, announces the 15-month debarment of Joycot General Contractors Ltd. effective 8 September 2023. Joycot General Contractors Ltd. is a construction company registered under the laws of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption found that…

Government of Lesotho
Source: Government of Lesotho |

Global Economy Recovers- Central Bank of Lesotho (CBL) Governor

The Governor of the Central Bank of Lesotho, Dr Emmanuel Maluke Letete said this during the press briefing of the Monetary Policy Committee (MPC) held at the CBL premises in Maseru

The global economic activity continued to recover gradually from the effects of the COVID-19 pandemic and Russia’s invasion of Ukraine. The Governor of the Central Bank of Lesotho, Dr Emmanuel Maluke Letete said this during the press briefing of the Monetary Policy Committee (MPC) held at the CBL premises in…

Islamic Development Bank Institute (IsDBI)

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    • Dr. Sami Al-Suwailem, Acting Director General of IsDBI
    • Dr. Ahmed Al Shaikh, CEO of the BIBF
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Source: Islamic Development Bank Institute (IsDBI) |

Bahrain Institute of Banking and Finance (BIBF) and Islamic Development Bank Institute (IsDBI) Join Forces to Enhance Global Islamic Finance Expertise

The programs cater to a diverse range of professionals from various financial institutions, regulatory bodies, supervisory authorities, and legal experts within the Islamic finance industry

The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) have embarked on a collaborative initiative to provide specialized training programs aimed at strengthening the global Islamic finance community. The programs cater to a diverse range of professionals from various financial institutions, regulatory bodies,…

FIFA
Source: FIFA |

Zambia inaugurates stadium renovated with support of FIFA Forward funds

Zambian football has been given a significant boost with the re-opening of the David Kaunda Stadium in Chipata after it underwent extensive renovation with support from the FIFA Forward development programme

The David Kaunda Stadium in Chipata has undergone extensive renovation with FIFA Forward support (https://www.FIFA.com); Pitch, spectator areas, VIP seating and changing rooms have all been upgraded; Football Association of Zambia President Andrew Kamanga hails "giant step" for the sport in his country. Zambian football has been given a significant boost with…