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Delegation of the European Union to Egypt
Source: Delegation of the European Union to Egypt |

European Commission provides €1 billion in macro-financial assistance to Egypt

This MFA, along with the second operation of €4 billion that is currently under discussion with co-legislators, forms a fundamental part of the EU-Egypt Strategic and Comprehensive Partnership

The European Commission has adopted a decision to disburse €1 billion in loans to Egypt following the fulfilment of the policy conditions agreed with the EU under the ongoing Macro-Financial Assistance (MFA). This disbursement, which corresponds to the first and only instalment, will take place in the coming days. This financial support…

Azentio Software Private Limited

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    • Siraj Finance PJSC signs an agreement with Azentio for iMAL core and digital financial services solution subscription optimization
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Source: Azentio Software Private Limited |

Siraj Finance PJSC signs an agreement with Azentio for iMAL core and digital financial services solution subscription optimization

The agreement represents the collaboration for implementation of the core and digital banking solution to further enhance the operational capabilities and digitization of Siraj Finance’s product and service offerings

Siraj Finance PJSC, a leading Islamic Finance Company in the UAE, has signed an agreement with Azentio (www.Azentio.com), a pioneer in the core banking technology service provider. The agreement represents the collaboration for implementation of the core and digital banking solution to further enhance the operational capabilities and digitization of…

African Development Bank Group (AfDB)

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    • The project supported by the African Development Fund through its Climate Action Window will help strengthen protection, conservation and sustainable use systems for natural capital and ecosystems in Madagascar
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Source: African Development Bank Group (AfDB) |

Madagascar: African Development Fund approves a grant of over $9 million to strengthen protection and sustainable use systems for natural capital and ecosystems

The project will help secure the land in the protected areas concerned and support the local economy through income-generating activities

The Board of Directors of the African Development Fund (https://apo-opa.co/4iITWIP) – the African Development Bank Group’s (www.AfDB.org) concessional financing window – approved a donation of $9.42 million to Madagascar to implement climate resilience through the Preservation of Biodiversity in National Parks Project. The grant, agreed on 18 December 2024 in…

African Development Bank Group (AfDB)

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    • The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit
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Source: African Development Bank Group (AfDB) |

Chad: New EUR 28 million African Development Bank-funded solar project to boost Chad's energy access

The solar plants are expected to generate 61 gigawatt-hours of clean, reliable, and affordable energy each year responding to Chad’s energy deficit

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved funding worth EUR 28 million to build solar power plants in Gassi and Lamadji, Chad. This is part of the Bank's Desert to Power program to increase energy access across Africa. The funding includes EUR 20 million…

Coronation Group

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    • Aigboje Aig-Imoukhuede CFR, Chairman, Access Holdings & Coronation Group
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Source: Coronation Group |

Africa Financial Industry Summit (AFIS) 2024: Building African Unicorns (and Gazelles) for Continental Economic Growth (By Aigboje Aig-Imoukhuede)

To vastly increase the number of gazelles—and by extension, the likelihood of unicorns—stakeholders must work together to overcome existing barriers

Culled from remarks by Aigboje Aig-Imoukhuede CFR, Chairman, Access Holdings & Coronation Group (www.Coronation.ng) Gazelles. Camels. Elephants. In the language of venture capital, we have a full menagerie to describe a startup’s growth progression. However, in the past decade, the ultimate aspiration remains the unicorn: privately held companies valued at over…

State House Seychelles
Source: State House Seychelles |

Seychelles: President Ramkalawan Leads High-Level Dialogue on Business Financing Solutions

The discussions centered on improving access to affordable funding, with a particular focus on empowering small and medium enterprises (SMEs)

President Wavel Ramkalawan convened a pivotal meeting this morning at State House, bringing together senior representatives from the Bankers Association, the Central Bank of Seychelles, and the Ministry of Investment, Entrepreneurship and Industry. The forum aimed to tackle pressing challenges surrounding business financing and to explore innovative solutions for local…

Ecobank Transnational Incorporated
Source: Ecobank Transnational Incorporated |

Afreximbank and Ecobank partner to simplify trade and compliance for African businesses

The Ecobank Single Market Trade Hub connects registered businesses across Africa on a single platform, helping them benefit from opportunities in the unified market of 1.4 billion people created by the African Continental Free Trade Agreement (AfCFTA)

African Export-Import Bank (Afreximbank) and Ecobank Group (www.Ecobank.com) have embarked on a collaboration aimed at simplifying trade and compliance for businesses in Africa by integrating Ecobank’s Single Market Trade Hub and Afreximbank’s MANSA Digital Repository Platform. With the collaboration, African businesses will benefit from seamless shared services across the two…

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

Burkina Faso benefits from the 3rd phase of the technical assistance project

The project aims to strengthen national institutional capacities to measure the added value of regional services value chains, assess the impact of services sector development on international trade, and facilitate the development of public policy frameworks

The Economic Commission for Africa (ECA), through its Market Institutions Section (MIS), supports member countries in promoting trade in services and integrating the services sector into regional and global value chains. A new technical assistance project is being implemented to unlock and stimulate the potential of financial services trade in…

Mukuru
Source: Mukuru |

Mukuru’s Awarding of Deposit-Taking Microfinance Institution (DTMFI) Licence - a Boost for Financial Inclusion in Zimbabwe

This important achievement enables Mukuru to expand on its mission of driving financial inclusion in the country

Mukuru to drive adoption of digital financial solutions with support of its extensive booth and agent network DTMFI license to amplify Reserve Bank of Zimbabwe’s Financial Inclusion Strategy Cost reduction benefits to be felt by SMEs, women, youth and rural communities Next-generation financial services provider Mukuru (www.Mukuru.com) has been awarded…

PalmPay

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    • Managing Director, PalmPay, Chika Nwosu with Sunil Natraj, CEO, Jumia Nigeria, at the recent press conference to announce the PalmPay / Jumia partnership
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Source: PalmPay |

PalmPay and Jumia enter Strategic Partnership, Launch Integration for Shoppers in Nigeria

This partnership underscores both parties’ commitment to developing the digital payment ecosystem in Nigeria and grow the use of the cashless economy

PalmPay (www.PalmPay.com), a leading Africa-focused fintech operating Nigeria’s most used mobile wallet, and Jumia, Africa’s e-commerce giant, today announce a strategic partnership to enhance the digital payment ecosystem on the continent, starting with payment integrations and co-marketing efforts in Nigeria. This partnership underscores both parties’ commitment to developing the digital…