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African Development Bank Group (AfDB)

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    • The first stage of implementation of the Regional West Africa Rice Development project will involve Gambia, Guinea-Bissau, ECOWAS and AfricaRice. Tens of thousands of rice farmers will benefit from access to seeds, fertilizers and plant protection products
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Source: African Development Bank Group (AfDB) |

The African Development Fund releases initial support of $99 million to finance the development of rice cultivation value chains in West Africa

The project will help to increase production and the productivity of rice cultivation, as well as improving income generation for farmers, particularly women and young people

The Board of Directors of the African Development Fund has approved initial funding of $99.16 million to develop regional rice cultivation value chains as part of the Regional West Africa Rice Development project.   The aim of the project is to increase food security and sovereignty in West Africa by encouraging…

Ecobank Transnational Incorporated

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    • Ecobank opens the market at the London Stock Exchange to celebrate successful issuance of US$400 Million Eurobond (1)
    • Ecobank opens the market at the London Stock Exchange to celebrate successful issuance of US$400 Million Eurobond (2)
    • Ecobank opens the market at the London Stock Exchange to celebrate successful issuance of US$400 Million Eurobond (3)
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Source: Ecobank Transnational Incorporated |

Ecobank opens the market at the London Stock Exchange to celebrate successful issuance of US$400 Million Eurobond

ETI will use the net proceeds from the issuance of the Notes for general corporate purposes, including refinancing the US$350 million Senior Bridge-to-Bond Loan Facility entered into in March 2024

Ecobank Transnational Incorporated (ETI) (www.Ecobank.com), parent of the leading pan-African Ecobank Group, today opened the market at the London Stock Exchange (LSE) to celebrate the successful issuance of its US$400 million Senior Unsecured Eurobond on the London Stock Exchange main market. Jeremy Awori, CEO, Ecobank Group, said: “Our successful Notes…

Yellow Card Financial
Source: Yellow Card Financial |

Yellow Card Secures Crypto Asset Service Provider Licence in South Africa

Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%

Yellow Card (www.YellowCard.io), Africa’s leading stablecoin-based infrastructure provider, has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.   Commenting on the FSCA’s decision to issue the licence to Yellow Card Financial South Africa, Chris Maurice, Yellow Card’s co-founder and CEO,…

APO Group

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    • European Union (EU)-Africa Chamber of Commerce and APO Group Announce Strategic Partnership to Strengthen European Union (EU)-Africa Business Relations (1)
    • European Union (EU)-Africa Chamber of Commerce and APO Group Announce Strategic Partnership to Strengthen European Union (EU)-Africa Business Relations (2)
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Source: APO Group |

European Union (EU)-Africa Chamber of Commerce and APO Group Announce Strategic Partnership to Strengthen European Union (EU)-Africa Business Relations

This partnership will foster enhanced economic ties, business opportunities, and knowledge-sharing across Europe and Africa

The EU-Africa Chamber of Commerce (EUACC) (www.EU-Africa-Chamber.org), a prominent organisation dedicated to advancing economic relations between Europe and Africa, and APO Group (www.APO-opa.com), the leading award-winning pan-African communications consultancy and press release distribution service, are pleased to announce a strategic partnership. This collaboration aims to boost EUACC’s mission of promoting…

African Development Bank Group (AfDB)

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    • Registration Opens for the 2024 African Economic Conference
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Source: African Development Bank Group (AfDB) |

Registration Opens for the 2024 African Economic Conference

This year’s conference will provide a platform for African countries to address pressing economic challenges and strengthen their resilience to growing global pressures

Registration is now open for the 2024 African Economic Conference (AEC), a flagship event co-hosted by the African Development Bank (www.AfDB.org), the United Nations Economic Commission for Africa (ECA), and the United Nations Development Programme (UNDP). Taking place in Gaborone, Botswana, from 23 to 25 November, the conference will bring…

African Development Bank Group (AfDB)

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    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (1)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (2)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (3)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (3)
    • African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger (4)
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Source: African Development Bank Group (AfDB) |

African Development Bank to join world leaders at the G20 Leaders’ Summit prioritizing global solutions to end hunger

The theme of the G20 Rio Summit is “Building a just world and a sustainable planet”

African Development Bank (www.AfDB.org) President Akinwumi Adesina is in Rio de Janeiro where he will reaffirm his commitment to ending hunger and malnutrition. The theme of the G20 Rio Summit is “Building a just world and a sustainable planet”. It will be held from 18-19 November, and a major focus here…

U.S. Embassy in Uganda
Source: U.S. Embassy in Uganda |

United States (U.S.) Government Agencies Development Finance Corporation (DFC) and United States Agency for International Development (USAID) Partner with Opportunity Bank to Launch the U.S. Lending Program to Refugees and Host Communities in Africa

The U.S. Agency for International Development (USAID) is supporting the partnership by providing advisory services to prospective borrowers and Opportunity Bank

U.S. Government Agencies DFC and USAID Partner with Opportunity Bank to Launch the First-Ever U.S. Lending Program to Refugees and Host Communities in Africa. Kampala, Uganda — The U.S. International Development Finance Corporation (DFC), the U.S. government’s development finance agency, has signed an agreement with Opportunity Bank Uganda Ltd that…

Afreximbank
Source: Afreximbank |

Afreximbank delivers strong financial results for the nine months ended 30 September 2024, surpassing prior year’s performance despite a challenging operating environment

The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels, better asset quality, and robust capital adequacy levels

African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries, for the nine months ended 30 September 2024 (9M’2024). The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels,…

African Development Bank Group (AfDB)

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    • Dr. James Kinyangi, CAW Coordinator, AfDB (second from left); H.E. Max Andonirina Fontaine, Minister of Environment and Sustainable Development, Madagascar (third from right); Louise Walker, Head of Private Sector and Capital Markets, FCDO (second from right); and Prof. Anthony Nyong, Director of Climate Change and Green Growth, AfDB (third from left) at the CAW COP29 side event
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Source: African Development Bank Group (AfDB) |

African Leaders Welcome Launch of African Development Bank’s Technical Assistance Facility to Unlock Climate Finance for Vulnerable Regions

Launch of the facility will enable the African Development Bank to increase the reach of the CAW's efforts

In a major step to address Africa's climate finance gap, the African Development Bank Group (www.AfDB.org) has launched a new funding call  that will transform the development of climate projects across 37 low-income African countries. With an initial allocation of $56 million, the Climate Action Window (CAW) Technical Assistance Facility,…

Africa Finance Corporation (AFC)

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    • AFC secures $300M India-focused loan, expanding global partnerships and driving African infrastructure development
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) Secures US$300 Million Loan, Expanding Investor Base with Indian Lenders

This landmark transaction, commemorated in Dubai, underscores AFC's robust standing as an investment-grade rated development financial institution with a unique ability to attract diverse global investors

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully closed a US$300 million India-focused syndicated loan, marking a significant milestone in its ongoing strategy to diversify its international investor base. The transaction introduced a new group of lenders from India, further expanding AFC’s global partnerships. This…