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SanlamAllianz Re
Source: SanlamAllianz Re |

SanlamAllianz Re Ltd Earns A- (Excellent) Rating from AM Best

The BCAR scores are expected to remain at the strongest level as SAZ Re executes its growth plan, which is supported by organic capital generation

SanlamAllianz Re Ltd (SAZ Re) (www.SanlamAllianzRe.com), a leading reinsurance company with a market presence over 45 countries in Africa, is proud to announce that AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to the company. The outlook assigned…

Furaha

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    • Alex Manson, CEO, SC Ventures and Mohit Joshi, CEO and Managing Director, Tech Mahindra signing ceremony in Davos
    • Furaha Co-Founders Yustus Aribariho and Ian Fernandes
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Source: Furaha |

SC Ventures and Yabx, a Tech Mahindra Group company, invest $10 Million to setup Furaha and expand access to purpose-driven financing in Africa

SC Ventures has invested $ 7 million, while Yabx BV has contributed through technology transfer, resulting in a combined investment of $10 million in Furaha

Furaha combines SC Ventures’ global expertise and risk management capability with Yabx’s future-ready tech and alternate lending platform Furaha offers purpose-driven loans centred around education, gender and other responsible lending pillars for African markets  SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and Yabx Technologies (Netherlands) B.V., a…

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

United States Trade and Development Agency (USTDA) and African Development Bank Renew Partnership to Advance Quality Infrastructure in Africa

A significant new element of the partnership focuses on project preparation, highlighting USTDA and AfDB’s dedication to improving project design and readiness

The African Development Bank (www.AfDB.org) and the U.S. Trade and Development Agency have renewed a Memorandum of Understanding (MOU), extending their strategic partnership for five years. This agreement underscores a shared commitment to advancing quality infrastructure development across Africa by strengthening national procurement systems and aligning them with international best…

State House Seychelles
Source: State House Seychelles |

President Ramkalawan chairs high-level meeting on access to financing

The meeting focused on ensuring that financing mechanisms in Seychelles align with the developmental needs of the country while fostering an inclusive, resilient, and sustainable economic environment

The President of Seychelles, Mr. Wavel Ramkalawan, chaired a high-level meeting on access to financing this morning at State House. He was accompanied by the Vice President, Mr. Ahmed Afif, and the Minister for Investment, Entrepreneurship, and Industry, Mrs. Devika Vidot. The meeting brought together representatives of the Seychelles Bankers’…

Afreximbank
Source: Afreximbank |

Afreximbank receives AAA/Stable rating from China Chengxin International Credit Rating Co.

The rating puts Afreximbank on a stronger footing as it embarks on fundraising activities in a relatively new capital market as we continue to leverage optimal financial resources into Africa

China Chengxin International Credit Rating Co., Ltd (CCXI) has assigned an ‘AAA/Stable’ rating to African Export-Import Bank (Afreximbank) (www.Afreximbank.com), recognising the Bank as a leading Multilateral Financial Institution (MFI) on the continent.  Afreximbank is the first African Multilateral Financial Institution to receive AAA rating from CCXI. In its 2024 Credit…

Middle East & North Africa Stevie Awards

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    • Winners in the 2025 Middle East & North Africa Stevie® Awards Announced
    • Winners in the 2025 Middle East & North Africa Stevie® Awards Announced (AR)
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Source: Middle East & North Africa Stevie Awards |

Winners in the 2025 Middle East & North Africa Stevie® Awards Announced

Sixth Annual Awards Sponsored by RAK Chamber of Commerce and Industry Recognize Innovation in 18 MENA Nations

Winners in the sixth annual Middle East & North Africa Stevie® Awards (https://StevieAwards.com/MENA), the only awards program to recognize innovation in the workplace throughout 18 nations in the Middle East and North Africa, have been announced. The awards are sponsored by RAK Chamber of Commerce and Industry (https://apo-opa.co/3Ecca5w).  The list…

Amnesty International
Source: Amnesty International |

Democratic Republic of Congo (DRC): Rwandan-backed armed group and Congolese army must stop using explosive weapons in densely populated areas

Three attacks alone resulted in over 50 civilian deaths, more than half the total

Inaccurate explosive weapons with wide area effects used in densely populated areas more than 150 times in a seven-month period, killing over 100 people.  Amid fresh uptick in fighting, warring parties must immediately cease attacks on civilians and stop using explosive weapons with wide area effects in populated areas.  The…

African Development Bank Group (AfDB)

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    • A new renewable energy platform supported by the African Development Bank and partners will serve nearly 70,000 households
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Source: African Development Bank Group (AfDB) |

African Development Bank, PowerGen, and Partners Launch Transformative Renewable Energy Platform to Scale Clean Energy Access Across the Continent

With funding secured, PowerGen is well-positioned to serve the energy needs of more than 68,000 households and reduce the cost of power for 7,000 businesses

PowerGen Renewable Energy (PowerGen) has partnered with leading international investors to establish a scalable, distributed renewable energy platform targeting the deployment of 120 MW of renewable power, including battery energy storage solutions across Africa. The platform is a collaboration between PowerGen and the Private Infrastructure Development Group (PIDG), the Danish…

African Development Bank Group (AfDB)

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    • Windmills and solar energy systems supported by the African Development Bank Group are bringing sustainable energy to the most remote areas of the continent
    • Wale Shonibare, African Development Bank's Director of Energy Financial Solutions, Policy, and Regulation
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Source: African Development Bank Group (AfDB) |

The Critical Need for Energy Access in Africa: A Roadmap to Prosperity (By Wale Shonibare)

At the current pace of electrification and with Africa’s rapid demographic growth, the number of people without electricity will remain largely unchanged unless we take bold and immediate action

By Wale Shonibare, African Development Bank's (www.AfDB.org​) Director of  Energy Financial Solutions, Policy, and Regulation  Across Africa, the sunlight shines bright and natural resources abound. Yet despite that lies a pressing issue that threatens to stifle the continent’s growth and prosperity: the lack of access to reliable and sustainable electricity.…

Afreximbank
Source: Afreximbank |

Prosper Africa and Afreximbank Announce New Partnership to Mobilize Trade Opportunities between the United States (U.S.) and Africa

The MoU outlines several key areas of collaboration, including, capital access facilitation, technical and transaction advisory support for creative deals, SME development for agribusiness and textiles, Creative Africa Nexus, and strategic event collaboration

Prosper Africa and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have signed a new Memorandum of Understanding (MoU) to boost trade and investment between the United States and Africa in key sectors. This strategic partnership aims to leverage the unique strengths of both organizations to mobilize trade opportunities and investment capital, with…