African Development Bank Group (AfDB)
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    • African Development Bank President, Dr. Akinwumi Adesina and European Bank for Reconstruction and Development President, Odile Reinaud-Basso
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP27): African Development Bank Group and European Bank for Reconstruction and Development (EBRD) affirm commitment to climate adaptation and to helping African businesses become more resilient

Climate adaptation in Africa was a key condition to preserving economic growth and maintaining social cohesion on the continent

African Development Bank (www.AfDB.org) President Dr. Akinwumi Adesina and European Bank for Reconstruction and Development (EBRD) President Odile Reinaud-Basso have agreed that their organizations would step up cooperation to enhance resilience among African businesses. The two development bank heads held talks earlier this month at this year’s global climate summit…

African Development Bank Group (AfDB)
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    • The construction of a highway between Dakar and Saint Louis will open up Senegal’s northern regions, considered the country’s rice granary and an area with high mining potential.
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Source: African Development Bank Group (AfDB) |

Senegal: African Development Bank to Invest over €166 Million in Construction of Highway to Open Up the Country’s North

The financing comprises €119.69 million from the African Development Bank and €46.67 million from the Africa Growing Together Fund

The Board of Directors of the African Development Bank (http://www.AfDB.org), has approved a loan of €166.36 million to Senegal for construction of the Dakar-Tivaouane-Saint Louis highway, which will enhance access to the north of the country. The financing comprises €119.69 million from the African Development Bank and €46.67 million from…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff to Visit Ghana

The IMF remains fully committed to help Ghana restore macroeconomic stability

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, mission chief for Ghana, will visit Accra from December 1–13 to continue discussions with the authorities on the country’s post-COVID program for economic growth and associated policies and reforms that could be supported by a new IMF lending arrangement.…

Source: United Nations Capital Development Fund (UNCDF) |

United Nations Capital Development Fund (UNCDF) and European Union (EU) upcoming report on Improving the Ecosystem for Urban Finance in Africa Through Case Studies of Cameroon, Tanzania and Togo

This report was commissioned by the EU to explore the potential and the scope for deploying its development funding and financing toolbox

The European Union, the European Investment Bank (EIB) and the United Nations Capital Development Fund are thought leaders in defining the development dimension of urban finance in Africa. Watch this space for the upcoming publication of the report on improving the ecosystem for urban finance in Africa through case studies…

Source: Rand Merchant Bank |

IHS Holding Limited completes $600 Million Three-Year Bullet-Term Loan

IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count

RMB (www.RMB.co.za) acted as Mandated Lead Arranger & Bookrunner for IHS Holding Limited’s (NYSE: IHS) (“IHS Towers”) $600 million syndicated term loan facility. RMB was one of the lead banks on the transaction and applied its in-country expertise and global market knowledge in the structuring of this facility. IHS Towers…

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

Mozambique: African Development Bank approves €125 million loan for hydroelectric power producer to modernize production system

The package comprises up to €100 million from the African Development Bank and up to €25 million from the Africa Growing Together Fund

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan package not exceeding €125 million to Hidroeléctrica de Cahora Bassa (HCB) in Mozambique to support its Vital Capex program aimed at modernizing the company’s electricity production system. HCB, the largest Independent Power Producer (IPP) in…

Source: The World Bank Group |

Somalia’s Economy Expected to Grow Despite Significant Shocks

Somalia is currently experiencing an unprecedented extreme and widespread drought not seen in at least 40 years and after four consecutive seasons of poor rains

Somalia’s economy rebounded with GDP growth of 2.9 percent in 2021, up from a contraction of 0.3 percent in 2020 and 0.5 percent higher than last year’s forecast of 2.4 percent. This, despite significant shocks and factors that muted economic recovery, including delayed elections, drought, supply chain bottlenecks from COVID-19…

CoinW
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    • CoinW Regional VIP Day Abuja: CoinW Unites With Regional Partners in Abuja
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    • CoinW Regional VIP Day Abuja: CoinW Unites With Regional Partners in Abuja
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Source: CoinW |

CoinW Regional VIP Day Abuja: CoinW Unites With Regional Partners in Abuja

The event held also had CoinW representatives in attendance and presentations were conducted to properly onboard regional partners to the platform

On the 19th of November, 2022, The World’s Leading Cryptocurrency Exchange and Asset Trading Platform, CoinW (http://bit.ly/3gHpB26), organized a VIP Day event for regional partners, in the capital city of Abuja, Nigeria, to onboard new partners, and leverage the Nigerian market, providing users in the country to be part of…

African Development Bank Group (AfDB)
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    • The African Development Bank is supporting rural dwellers’ enhanced access to financial services through decentralized financial systems.
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Source: African Development Bank Group (AfDB) |

Niger: African Development Fund Provides $16 Million to Support Financial Sector Deepening and Inclusion

The project will strengthen mobilization of long-term resources for financial service providers and improve financial inclusion of vulnerable populations

The Board of Directors of the African Development Fund (http://bit.ly/3gEDVZp), the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved $16 million in loan and grant financing to Niger to implement the Financial Sector Deepening and Inclusion Project. The project will strengthen mobilization of long-term resources for…

World Circular Economy Forum
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    • From Africa to the World: Landmark Event Presents Circular Economy Solutions for Green Growth, Climate and Biodiversity (1)
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Source: World Circular Economy Forum |

From Africa to the World: Landmark Event Presents Circular Economy Solutions for Green Growth, Climate and Biodiversity

The WCEF2022 will challenge many shortcomings and destructive consequences of the predominant wasteful linear economy and introduce the concepts and opportunities of the circular economy

The 6th World Circular Economy Forum WCEF2022 (www.WCEF2022.com) will take place 6–8 December in Kigali, Rwanda. This year’s forum will focus on how the circular economy can reduce greenhouse gas emissions, support climate change adaptation, safeguard biodiversity and bring benefits to our societies. One of the world’s leading circular economy…