Source: United Nations Capital Development Fund (UNCDF) |

Local Development for Peace Consolidation (DELPAZ) programme supports families and communities to consolidate peace and to implement the Maputo Agreement for Peace and National Reconciliation

DELPAZ contributes to a more equitable social and economic development across the country by developing investment activities in economic infrastructure

In 2019, the Maputo Accord for Peace and National Reconciliation was signed by President Filipe Jacinto Nyusi and Renamo opposition leader Ossufo Momade, formally putting an end to decades of conflict and insecurity. At its core is a special program to promote local development and socio-economic rehabilitation. Known as DELPAZ…

Source: International Trade Centre |

The International Trade Centre (ITC), UN Capital Development Fund Partner to unlock financing for women, youth and small businesses

The International Trade Centre (ITC) and UN Capital Development Fund (UNCDF) sign a Memorandum of Understanding (MoU) to unlock financing for small businesses, with a focus on women’s economic empowerment, youth entrepreneurship and supportive business ecosystems

The International Trade Centre (ITC) and the UN Capital Development Fund (UNCDF) today strengthened their partnership to promote sustainable finance solutions for micro, small and medium-sized enterprises (MSMEs). ITC and UNCDF will focus on supporting businesses in frontier markets, emerging economies and least developed countries. The heads of the two…

Source: The World Bank Group |

Middle East and North Africa (MENA) Economies Grow by 5.5% But Benefits are Uneven

The report says that responsive governance will help countries confront these challenges more effectively now and cement the foundations for long term growth

The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by a slowing of growth to 3.5% in 2023. Yet this growth is uneven across the region, as countries, still struggling to overcome the lasting effects…

African Development Bank Group (AfDB)
  • Multimedia content

  • Images (1)
    • FSDH Merchant Bank of Nigeria has received a $25m trade finance facility to spur over $200m in agriculture, manufacturing, and energy transactions in the next 3 years
  • All (1)
Source: African Development Bank Group (AfDB) |

Nigeria: African Development Bank approves $25 million Trade Finance Facility for FSDH Merchant Bank for local small and medium-sized enterprises (SMEs)

The Bank’s financing will help eligible Nigerian SMEs to take advantage of existing and emerging opportunities in the domestic and regional markets

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $15 million trade finance line of credit and $10 million transaction guarantee for FSDH Merchant Bank (https://FSDHMerchantBank.com) in Nigeria. FSDH will use the line of credit to provide loans to local enterprises in Nigeria. The $25…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2022 Article IV Mission to Namibia

An International Monetary Fund (IMF) staff team, led by Ms. Giorgia Albertin, IMF mission chief for Namibia, held a virtual mission during September 20 ‒ October 5, 2022, to conduct the 2022 Article IV Consultation discussions with Namibia

After a sharp contraction due to the COVID-19 pandemic, the Namibian economy has started to recover. Real GDP growth is expected at 3 percent in 2022 and 3.2 percent in 2023; preserving macroeconomic stability, advancing structural reforms and protecting the most vulnerable is key to foster private sector-led inclusive growth…

African Development Bank Group (AfDB)
  • Multimedia content

  • Images (1)
    • A Beninese farmer transplanting Nerica rice. The African Development Fund partial credit guarantee will allow Benin to raise funds to invest in sustainable development sectors such as agriculture.
  • All (1)
Source: African Development Bank Group (AfDB) |

Benin: African Development Fund to Provide Partial Credit Guarantee to Facilitate Resource Mobilization for Sustainable Development Goals

The partial credit guarantee will enable Benin to raise funds in foreign currency from international investors for expenditures related to meeting SDG targets

The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group (www.AfDB.org), has approved a partial credit guarantee to support Benin’s mobilization of financing to meet United Nations Sustainable Development Goals (SDGs) targets. The partial credit guarantee will enable Benin to raise…

Source: Green Energy Africa Summit |

Private power booms as green energy attracts finance

International investors are also being attracted by Africa’s renewable-energy opportunities

Private power is booming. This was the message from Rand Merchant Bank (RMB) CEO Emrie Brown at the Green Energy Africa Summit (GEAS) (https://GreenEnergyAfricaSummit.com/), taking place at the Cape Town International Conference Centre from October 4-5. Brown was speaking during a successful first day of the Summit, which drew hundreds of…

Sage
  • Multimedia content

  • Images (1)
    • Gerhard Hartman, Vice President, Medium Business, Africa & Middle East at Sage
  • All (1)
Source: Sage |

Sage brings award-winning Sage Intacct to Namibia, Botswana and Mauritius

Supporting visionary CFOs and finance professionals with a new cloud financial management platform

Sage (https://www.Sage.com/en-za/), the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses, launched Sage Intacct in Namibia, Botswana and Mauritius today. The award-winning cloud financial management solution provides finance teams with the insights and automation they need to keep pace with the demands of running a…

Source: The World Bank Group |

African Governments Urgently Need to Restore Macro-Economic Stability and Protect the Poor in a Context of Slow Growth, High Inflation

Elevated food prices are causing hardships with severe consequences in one of the world’s most food-insecure regions

Global headwinds are slowing Africa’s economic growth as countries continue to contend with rising inflation, hindering progress on poverty reduction. The risk of stagflation comes at a time when high interest rates and debt are forcing African governments to make difficult choices as they try to protect people’s jobs, purchasing…

Source: United Nations Economic Commission for Africa (ECA) |

New report outlines how digital finance can drive women’s economic empowerment in Africa

The report pinpoints five key issues affecting the use of digital finance as a catalyst for women’s economic empowerment in Africa

A new report reveals persistent barriers in the digital finance sector that limit women’s economic empowerment in Africa, while recommending policy responses to overcome them. Commissioned by the United Nations Economic Commission for Africa (ECA), the latest edition of the biennial African Women’s Report was published today. The report analyses the digital finance ecosystem…