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Africa Finance Corporation (AFC)

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    • AFC's President & CEO, Samaila Zubairu, engages with U.S. President Joe Biden, DRC President Félix Tshisekedi, Zambian President Hakainde Hichilema, and Angolan President João Lourenço in pivotal discussions on the transformative Zambia-Lobito Rail project
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC)-led Zambia Lobito Rail Project receives boost from Biden visit to Angola

The project is led by the Lobito Corridor consortium, with AFC as the as lead developer, working in partnership with the US Government

Lobito rail project will break ground by early 2026, AFC CEO Zubairu says at Presidential forum AFC commits up to US$500m in financing for Zambia-Lobito greenfield rail AFC announces MOU with Kobold Metals as anchor client, guaranteeing at least 300,000 tons of copper and related freight per year AFC pledges…

Afreximbank

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    • Mr. Létondji Beheton, CEO, GDIZ (middle), symbolically laying the first block for AQAC. Looking on from left to right: Mr. Faki Adje, Deputy General Manager, Arise IIP; Ms. Emilie-Nono Ketcheuzeu, Manager-Client Relations (Francophone West & Central Africa), Afreximbank; Mr. Vijay Kumar Thota, Finance Manager, Arise IIP; and Mr. Amr Yawer, Manager-Export Development, Afreximbank
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Source: Afreximbank |

Afreximbank and Arise IIP commence the construction of the African Quality Assurance Center in Glo-Djigbé Industrial Zone (GDIZ) Benin to boost Intra-African trade: A landmark collaboration between Afreximbank and ARISE IIP

The AQAC laboratory in GDIZ will offer world-class testing, inspection, and certification services covering food and agricultural products, ensuring that products “Made in Africa” meet the required safety and quality standards

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and ARISE Integrated Industrial Platforms (ARISE IIP) are proud to announce the commencement of construction works for the African Quality Assurance Centre (AQAC) in Glo-Djigbé Industrial Zone (GDIZ) in Benin on Tuesday, 27th November 2024. This landmark project is a collaboration between Afreximbank and ARISE…

International Islamic Trade Finance Corporation (ITFC)

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    • Regional Workshop Series on the African Continental Free Trade Agreement Organized by the International Islamic Trade Finance Corporation, the United Nations Economic Commission for Africa and Enhance Integrated Framework (EIF) of the World Trade Organization (WTO) for Key Economic Stakeholders
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Source: International Islamic Trade Finance Corporation (ITFC) |

Regional Workshop Series on the African Continental Free Trade Agreement Organized by the International Islamic Trade Finance Corporation, the United Nations Economic Commission for Africa and Enhance Integrated Framework (EIF) of the World Trade Organization (WTO) for Key Economic Stakeholders

Workshop Series Targeted Key Actors in the Public and Private Sectors in Benin, Burkina Faso, Guinea, Mauritania, Niger, Senegal and Togo

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, in collaboration with the United Nations Economic Commission for Africa, the Enhanced Integrated Framework (EIF) and governments of Benin, Burkina Faso, Guinea, Mauritania, Niger, Senegal, Togo, organized a series of workshops in the…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Leads Groundbreaking Effort to Launch the Africa-Arab Guarantee Fund

This collaboration is designed to strengthen trade and investment ties between the Arab and African regions, fostering economic integration and mutual growth

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and a member of the Islamic Development Bank (IsDB) Group has entered into a Service Agreement with the Islamic International Trade Finance Corporation (ITFC), Jef Vincent, and ActorX GmbH to create a three-year…

Binance
Source: Binance |

Binance & AltSchool Africa partner to empower Africa’s young talent with scholarships

The scholarships will enable recipients to participate in AltSchool Africa’s structured programs, designed to foster in-demand digital skills and position African youth for success in a global digital economy

Binance (www.Binance.com), a global leader in cryptocurrency exchange, has announced a partnership with AltSchool Africa to provide full-tuition scholarships to 500 young Africans. Kicking off in January 2025 to 31 December, this collaboration is aimed at addressing the digital skills gap in Africa by offering access to specialised education in…

African Development Bank Group (AfDB)

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    • The project involves the design, construction, operation, and maintenance of a greenfield wind farm divided into two sites, located along the Gulf of Suez
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Source: African Development Bank Group (AfDB) |

Egypt: African Development Bank Approves $170 Million for Egypt’s Largest Wind Energy Project

The Bank’s financing is in addition to financing expected from a consortium of Development Finance Institutions (DFIs), banks, and financial institutions

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of up to $170 million to support the development of the game-changing 1.1 GW Suez Wind Project, currently Egypt’s largest wind energy initiative. The total project cost is estimated at $1.1 billion. The Bank’s financing is in…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) announces its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Leads up to €2 Billion Syndicated Facility in Largest-Ever Global Loan Syndication for Bank of Industry

The transaction is a record global loan syndication for BOI, and marks the largest capital raise in its history, setting a new standard for developmental finance across Africa

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced its role as Global Coordinator, Lead Co-Arranger, Underwriter, Bookrunner, and Guarantor in the successful syndication of an up to €2 billion facility for Bank of Industry (BOI), Nigeria’s largest and most impactful development finance institution. The transaction…

Verdant Capital

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    • Left to Right: Stuart Bradley, Managing Partner, Phatisa (and member of judging panel); Edwin Siebani, Senior Vice President, Verdant; Edmund Higenbottam, Managing Director, Verdant
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Source: Verdant Capital |

Verdant IMAP wins Best Advisory Firm: Private Equity at the Africa Global Funds Awards

This award highlights Verdant’s significant contributions to the private equity M&A ecosystem across Africa

Verdant IMAP (www.Verdant-CAP.com) is delighted to announce its recognition as Best Advisory Firm: Private Equity at the prestigious Africa Global Funds Awards. The accolade was presented during the Gala Awards Dinner on Thursday, November 14, 2024, at the renowned Mount Nelson Hotel in Cape Town, bringing together leading firms in…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • Dr. Khalid Khalafalla, Officer-in-charge of ICIEC, and Ms. Nurbayu Kasim Chang, Acting President and Chief Executive Officer of MEXIM
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Export-Import Bank of Malaysia Berhad (MEXIM) Sign Strategic Retakaful Agreement to Boost Global Trade

The Quota Share Retakaful Agreement allows both institutions to share risks more effectively, promoting financial stability and fostering increased trade and investment activities on a global scale

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and a member of the Islamic Development Bank (IsDB) Group, has entered into a strategic Quota Share Retakaful Agreement with Export-Import Bank of Malaysia Berhad (MEXIM) to provide Export Trade Credit Risk Takaful…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)

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    • The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) Forge Strategic Reinsurance Partnership at AMAN Union's 14th Annual Meeting
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Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) Forge Strategic Reinsurance Partnership at AMAN Union's 14th Annual Meeting

This collaboration aims to enhance CAGEX's capacity to underwrite larger volumes of export credit insurance, thereby empowering Algerian exporters to confidently expand into new markets

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and a member of the Islamic Development Bank (IsDB) Group has signed a landmark Reinsurance Agreement with Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX), Algeria's national export credit agency. The agreement…