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AfDB signs $50 million SME financing pact with Bank of Industry
The new deal will support women-led businesses via the AfDB’s AFAWA Guarantee for Growth programme, which makes financing ...
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Africa Finance Corporation secures $300 million loan from Indian lenders
The transaction, which was oversubscribed by 50%, built on AFC’s fundraising momentum in 2024, including a landmark $1.16 ...
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Ecobank celebrates its $400 million Eurobond issuance at LSE
ETI said it will use the net proceeds from the issuance for general corporate purposes, including refinancing the $350 million ...
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Access Bank to acquire Mauritius-based Afrasia Bank
Afrasia Bank posted total assets of more than $5.7 billion at the end of its fiscal year ended 30 June 2024.
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Wealthy nations fail to deliver on climate finance at COP29
Developed countries committed ‘at least $300 billion per year’ from a variety of sources – including public ...
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Non-oil sectors drive robust growth in GCC countries
According to a new World Bank's report, the region’s average inflation in 2024 remained low and stable at 2.1%, supported ...
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Critical minerals shortages threaten energy transition – GlobalData
GlobalData’s latest Strategic Intelligence report, Critical Minerals (2024), identifies several main challenges to scaling ...
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Africa needs accountable governance to prosper, says Botswana President
President Boko also called on African countries to strengthen democracy and uphold the rule of law.
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Senegal announces Amadou Hott's candidacy for AfDB President
The Government of Senegal, through the Ministry of African Integration and Foreign Affairs, officially launched the candidacy of ...
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FG proposes N47.9 trillion for 2025 budget
The budget includes a deficit of N13.8 trillion, or 3.87% of estimated GDP.
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Airtel Africa records broad growth in half year results
“The sustained operating momentum over the period is testament to our teams’ ability to execute our strategy ...
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UK budget to drive wealth and talent exodus from Britain - investor
Nigel Green said the tax hikes are a clear “disincentive to live, work, and invest in the UK.”
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Unpaid care work prevents 708m women from participating in labour market
The data provides a stark gender discrepancy, which highlights the disproportionate role that women take in care ...
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COP29: Multilateral development banks to boost climate finance
MDBs estimate that by 2030, their annual collective climate financing for low- and middle-income countries will reach $120 ...
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Africa Finance Corporation facilitates $200mn financing for BUA Group
The financing, approved by Afreximbank in two tranches, supports BUA’s medium-term objectives by unlocking capital ... -
African countries need to renegotiate their investment treaties – expert
By commencing the process of renegotiating their investment treaties forthwith, Isaac Ibikunle said African countries can ...
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Tinubu expands cabinet in restructuring exercise
If the Senate confirms the new ministerial nominees, it will mean that the cabinet would expand – to 50 ministers – ...
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IMF projects global public debt to rise above 100 percent of GDP
A 2022 data by IMF showed the gross public debt of countries as a percentage of GDP. The US figure was 121.31%, China 76.98%, ...
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Global markets review for the week ended 18 October 2024
Global markets remain influenced by central bank policies, inflation trends, and economic growth indicators.
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Japan commits $421 million to African Development Fund
Japan is a top donor to the African Development Fund, having contributed the largest loans to the 14th, 15th, and 16th ...
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ECB delivers second straight 25bp cut in interest rate
The decision to deliver two straight 25bp cuts comes as disinflationary progress is made at a much faster rate than policymakers ...
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