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African Development Bank Group (AfDB)

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    • West Africa: African Development Bank's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor investment in Arm-Harith Investment Fund for Sustainable Infrastructure
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Source: African Development Bank Group (AfDB) |

West Africa: African Development Bank Group's (AfDB) Sustainable Energy Fund Africa to provide $10 million anchor Investment in Arm-Harith Investment Fund for Sustainable Infrastructure

By investing in sustainable infrastructure and energy transition projects and emphasising innovation and first-of-a-kind developments, the Fund is expected to generate significant environmental, economic, and social benefits

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region. The…

African Development Bank Group (AfDB)

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    • The road corridor project supported by the African Development Fund will contribute to the economic and social integration of southern Madagascar by opening up the region
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Source: African Development Bank Group (AfDB) |

Madagascar: African Development Bank Group grants a $165 million loan to develop roads in Southern Madagascar and facilitate trade

A significant part of the project involves reconstructing the Manombo bridge and creating two new two-lane bridges spanning 460 meters to enhance road connectivity

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $165 million loan to Madagascar to develop critical trade corridors and improve regional connectivity. The funding, granted on 11 December 2024 in Abidjan, will support the third phase of a major infrastructure project to improve trade…

OPEC Fund

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    • OPEC Fund Director General, Dr Abdulhamid Alkhalifa
    • OPEC Fund Building Inside
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Source: OPEC Fund |

The OPEC Fund for International Development (OPEC Fund) approves close to US$1 billion in new development financing

These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries

The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna today. These projects will benefit countries across the globe and aim to bolster infrastructure, food security,…

African Development Bank Group (AfDB)

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    • Financial support from the African Development Bank will help to improve the road network and open up two major regions of the country
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Source: African Development Bank Group (AfDB) |

Eswatini: African Development Bank approves a loan of over $140 million to open up two major regions with road infrastructure project

The new road surfaces will be adapted to climate change, enabling all-weather transportation locally and the wider area

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a loan of $140.6 million to Eswatini for the first stage of a programme to improve road links and mobility at national and regional level in both urban and rural areas and create at least 200 jobs.…

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…

The Presidency, Republic of Ghana
Source: The Presidency, Republic of Ghana |

President Akufo-Addo Commissions Tema Motorway Interchange Phase II

On 19th November, Ghanaians celebrated the opening of the Flowerpot Interchange, followed closely, on 29th November, by the Obetsebi Lamptey Interchange

Connectivity between the two metropolitan areas of the Greater Accra region and the Eastern and Western frontiers of the country received a huge boost today following the commissioning of the second Phase of the Tema Motorway Interchange.  The third interchange that President Akufo-Addo has commissioned in just two weeks. On…

International Atomic Energy Agency (IAEA)
Source: International Atomic Energy Agency (IAEA) |

International Atomic Energy Agency (IAEA) Support Helps to Expand Contribution of Nuclear Technology to Sustainable Development in Eswatini

A team of experts from the IAEA, the International Agency for Research on Cancer (IARC) and the World Health Organization (WHO) met with Emaswati counterparts to formally launch an imPACT Review of the country’s cancer treatment capacities

Since becoming a Member State of the IAEA in 2013, the Kingdom of Eswatini has made measurable progress towards the achievement of its national development objectives, as well as those established in the 2030 Sustainable Development Agenda, through continuous engagement with the Agency’s technical cooperation (TC) programme. Training courses, expert…

African Development Bank Group (AfDB)

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    • The bridge over the Logone River, built with the support of the African Development Bank Group and other partners, links two peoples and strengthens African integration
    • The flags of Cameroon and Chad fly next to the bridge, which makes ties between the two countries stronger than ever before
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Source: African Development Bank Group (AfDB) |

The bridge over the Logone River: a great leap forward for millions of people in Central Africa

The bridge, which has taken five years to complete, puts an end to the dangers and limitations of old means of transport, opening a new era for cross-border trade

Like thousands of people living along the Logone River, Pierre Fissou, a teaching adviser in the Mayo Danay departmental delegation for basic education in the town of Yagoua (Cameroon), knows the perils of crossing from one side to the other of the natural boundary.   “I often go to the other…

Africa Finance Corporation (AFC)

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    • Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards in London (1)
    • Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards in London (2)
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Source: Africa Finance Corporation (AFC) |

Africa Finance Corporation (AFC) receives top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards

Every year, the IJInvestor Awards celebrates the best fundraising, deployment, and mergers and acquisitions activities within the energy and infrastructure sectors

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has received top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards. Held last night at a gala dinner in London, the Corporation received this prestigious award for providing unique financial advisory services to partners on…