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African Development Bank Group (AfDB)

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    • African Development Bank President Dr Akinwumi Adesina and Inter-American Development Bank President Ilan Goldfajn sign $3.2 billion Exposure Exchange
    • African Development Bank signs $3.2 billion Exposure Exchange with Inter-American Development Bank
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Source: African Development Bank Group (AfDB) |

African Development Bank signs $3.2 billion Exposure Exchange with Inter-American Development Bank

Since 2015, the African Development Bank has used these agreements to diversify lending within its sovereign portfolio and deploy capital effectively while preserving a resilient financial base

The African Development Bank Group (www.AfDB.org) has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB), renewing a prior agreement originally executed between the two institutions in 2015. The agreement was signed in Washington DC, on the sidelines of the World Bank Group and International Monetary…

Afreximbank
Source: Afreximbank |

Afreximbank announces specialized African Continental Free Trade Area (AfCFTA) training to empower African businesses

Scheduled to take place in Abuja, Nigeria, from June 30 to July 2, 2025, the training program is designed to provide businesses with practical policy-relevant insights into the AfCFTA’s evolving regulatory and institutional landscape

To enable African businesses to fully capitalise on the opportunities presented by the African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced a specialized training program designed to equip enterprises with a deep understanding of the agreement’s commercial implications and transformative potential. Scheduled to take place…

Afreximbank
Source: Afreximbank |

Afreximbank launches US$3 Billion Revolving Intra-African Oil Import Financing Programme

This programme seeks to leverage the growing refining capacity that Afreximbank has helped establish across the continent, while aligning with the objectives of the African Continental Free Trade Area (AfCFTA) agreement

To address Africa's persistent reliance on imported refined petroleum products, which accounted for an amount of US$30billion annually in petroleum import costs due to inadequate refining, African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has launched a US$3 Billion Revolving Intra-African Oil Trade Financing Programme to finance the purchase of refined petroleum products…

African Development Bank Group (AfDB)

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    • At the World Bank/IMF Spring Meetings, African leaders discussed implementing recommendations from an AfDB report, Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa
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Source: African Development Bank Group (AfDB) |

Ahead of Conference of the Parties (COP30), Africa champions new approach to measuring green wealth of countries and incentivizing climate action

Leaders emphasized that a proper valuation of Africa's natural resources would transform the continent's financial landscape by unlocking access to global financial flows, improving national risk profiles, and creating new capacity for investments in green economies and climate-resilient infrastructure

 Proper valuation of natural capital and the ecosystem services it provides, such as carbon sequestration, is a win-win strategy for growing economies— Urama, African Development Bank (www.AfDB.org) We need to make bold decisions and act swiftly to accelerate the measurement of Africa’s green wealth— Suda-Mafudze, African Union Commission. African leaders…

Ministry of Planning, Economic Development, and International Cooperation - Egypt
Source: Ministry of Planning, Economic Development, and International Cooperation - Egypt |

Minister Rania Al-Mashat Holds Series of Meetings with Leaders of International Financial Institutions, Government Representatives, Think Tanks, and Investors to Present Developments in the Egyptian Economy and Strengthen Joint Economic Relations

The meetings aimed to expand the scope of guarantees available in the Egyptian market and increase financing mechanisms for the private sector, in line with Egypt's vision to increase foreign direct investment

The Ministry of Planning, Economic Development and International Cooperation issued a report on the activities and participations of H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation and Egypt's Governor at the World Bank, during the Spring Meetings of the World Bank Group and the International…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation names Mrs. Ireti Samuel-Ogbu as Chair of its Board of Directors
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation Appoints Ireti Samuel-Ogbu as Chair of Board of Directors

Mrs. Samuel-Ogbu brings a wealth of experience spread over three decades leading and transforming the banking sector in Europe, Middle East, and Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent's leading instrumental infrastructure solutions provider, today announced the appointment of Mrs Ireti Samuel-Ogbu as Chair of its Board of Directors. She succeeds Mr. Emeka Emuwa who has completed 12 years of meritorious service to the Corporation. Mrs. Samuel-Ogbu brings a wealth of experience…

Ministry of Foreign Affairs of Finland
Source: Ministry of Foreign Affairs of Finland |

Minister for Foreign Trade and Development Ville Tavio to lead trade mission to Morocco

Finland’s Minister for Foreign Trade and Development Ville Tavio will visit Morocco with a business delegation on 28–30 April 2025

In Morocco’s capital Rabat, Minister Ville Tavio will meet Minister of Industry and Trade Ryad Mezzour, Minister of Foreign Affairs Nasser Bourita, Minister of Digital Transition and Administration Reform Amal El Fallah Seghrouchni, Minister of Energy Transition and Sustainable Development Leila Benali, and Minister of Economy and Finance Faouzi Lekjaa. The discussions will focus on bilateral and trade…

Ministry of Planning, Economic Development, and International Cooperation - Egypt
Source: Ministry of Planning, Economic Development, and International Cooperation - Egypt |

Minister of Planning, Economic Development and International Cooperation discusses with the European Union the timeline for the second phase of the Macro-Financial Assistance (MFA) program worth €4 billion

The meeting came within the context of the Ministry’s role in implementing the economic pillar of the European financial package announced last year, which coincided with the upgrade of Egypt-EU relations to the level of a strategic partnership

As part of her ongoing participation in the Spring Meetings of the International Monetary Fund and the World Bank held in Washington, D.C., and her series of meetings with various multilateral and bilateral development partners and government representatives, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation…

Ministry of Finance - Republic of Ghana
Source: Ministry of Finance - Republic of Ghana |

Finance Minister Outlines Measures to Tackle Ghana’s Large Payable Build-up in 2024

To prevent the recurrence of unapproved expenditures, the government has amended the Procurement Act

Finance Minister Dr. Cassiel Ato Forson has outlined a comprehensive plan to investors aimed at addressing the country’s large accumulation of government payables in 2024, while reinforcing fiscal discipline and transparency across public financial management.  Speaking at meeting with investors in Washington DC, USA, Dr. Forson highlighted key reforms and…

The Republic of Uganda - Ministry of Foreign Affairs
Source: The Republic of Uganda - Ministry of Foreign Affairs |

Uganda Pearl of Africatrade Expo Opens in Malaysia

Uganda permits 100% foreign ownership in most sectors, guarantees repatriation of profits, and offers tax holidays, customs exemptions, and infrastructure support for priority areas

The Pearl of Africa Business Forum and Expo has opened in Kuala Lumpur, Malaysia, with Uganda set on securing trade and investment potential of around USD 5 billion over the next five years. A high powered delegation led by the Finance Minister Hon. Matia Kasaija, comprises Energy Minister Hon. Ruth…