Key findings Operating conditions for Ugandan private sector firms improved in February, following a brief decline at the start of the year sending the headline Stanbic Purchasing Managers’ Index (PMI) up to 52.6 compared to the January reading of 49.5.…
African Development Bank leaders champion climate finance and just transition The fifth edition of the Finance in Common Summit (FiCS) concluded on Friday in Cape Town, South Africa, with strong calls for global development finance institutions to work together to…
The Congo Energy & Investment Forum taking place in Brazzaville next month will feature Gianmaria Pozzoli, Director General of state-owned Centrale Électrique du Congo, as a speaker With maintenance nearing completion on one of the three turbines at the 484…
Christopher Ek, Director of Decarbonization Services at Wärtsilä Energy, will speak at the Invest in African Energy Forum in Paris, as the company plays a key role in Africa’s energy transition and strengthening power supplies Christoffer Ek, Director for Decarbonization…
The agreement paves the way for support from the Islamic Development Bank to finance the second section of the 205-kilometer Mayo-Singako-Am Timan at an estimated cost of $275.5 million The African Development Bank and the government of Chad have signed…
Afreximbank will finance the development and operationalisation of industrial parks (IPs) and special economic zones (SEZs) to bolster the country’s industrialisation and export manufacturing In a groundbreaking move that will redefine Kenya’s industrial landscape, Afreximbank and the Kenyan government have…
Discussions centered on innovative strategies for mobilizing African capital, strengthening financial institutions, and leveraging the role of African Multilateral Financial Institutions (AMFIs) in financing critical development sectors On the sidelines of the 38th Ordinary Session of the Assembly of the African…
This landmark initiative will accelerate climate adaptation and sustainable infrastructure across Africa The European Investment Bank (EIB) has committed to join Africa Finance Corporation (AFC) in financing a $750 million Infrastructure Climate Resilient Fund (ICRF). This landmark initiative will accelerate…
Diageo, a global leader in the beverage industry, has announced significant changes to its leadership team. Hina Nagarajan, the current Managing Director and CEO of USL, will take on the role of President of Diageo’s Africa business, while Dayalan Nayager,…
Gil Holzman, President & CEO, Eco Atlantic Oil & Gas, will speak at the Invest in African Energy Forum 2025 in Paris, following the company’s recent expansion in the Orange Basin and strategic approach to low-carbon exploration in Africa Gil…
The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement…
The planned projects will mark the debut of The Ritz-Carlton in the luxury safari market and the opening of the second JW Marriott safari camp in Kenya Marriott International, Inc. today unveiled plans to open two luxury tented safari camps…
Afreximbank Advocates for Increased Local Participation in Guyana’s Oil Value Chain In a landmark announcement at the Guyana Energy Conference and Supply Chain Expo, Prof. Benedict Oramah, President and Chairman of the Board of Directors of the African Export-Import Bank…
According to Interpol’s 2024 Global Financial Fraud Assessment, business email compromise, romance baiting, phishing, and other online frauds pose growing threats to Africa’s digitalized economy The African Development Bank Group has taken a significant step forward in its fight against…
As a key G20 member, Brazil is deepening its energy cooperation with African nations through strategic investments, partnerships and knowledge exchange, with this year’s African Energy Week: Invest in African Energies conference paving the way for greater collaboration As a…