Tag Africa

African Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing across Africa

This strategic investment will strengthen TCX’s capital base, enhance its risk-bearing capacity, and expand its ability to offer hedging instruments in illiquid and less liquid currencies across the African continent The Board of Directors of the African Development Bank Group…

Read MoreAfrican Development Bank Approves Equity Investment in The Currency Exchange Fund to Support Access to Local Currency Financing across Africa

Artificial Intelligence to Take Centre Stage at the 2025 Afreximbank Compliance Forum in Kigali, Rwanda in November

ACF2025 builds on Afreximbank’s leadership in trade-related compliance and its investment in AI-powered platforms that streamline client onboarding, enable real-time risk monitoring, and ensure secure transaction processing Artificial Intelligence (AI) is reshaping trade in Africa – curbing illicit financial flows,…

Read MoreArtificial Intelligence to Take Centre Stage at the 2025 Afreximbank Compliance Forum in Kigali, Rwanda in November

KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo Special Economic Zone (SEZ)

Afreximbank and KCB Group will provide initial funding amounting to US$ 500 million and US$ 300 million, respectively towards the initiative KCB Group and pan-African multilateral development bank, African Export-Import Bank (Afreximbank) have entered a Memorandum of Understanding (MOU) aimed…

Read MoreKCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo Special Economic Zone (SEZ)

World Bank Women Empowerment Initiative Stalls as Shs41Bn GROW Project Money Lies Idle in Banks

A World Bank-funded project designed to empower women entrepreneurs across Uganda, popularly known as ‘GROW’, is facing significant challenges, with a new report revealing that a massive Shs41.22 billion in funding remains unspent. The Generating Growth Opportunities and Productivity for…

Read MoreWorld Bank Women Empowerment Initiative Stalls as Shs41Bn GROW Project Money Lies Idle in Banks

African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat

The NCA-COP, launched in 2020 and now comprising more than 500 members from 48 African countries The African Development Bank Group has officially announced that it will host the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa…

Read MoreAfrican Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat

African Experts Urge Governance Reforms, Domestic Resource Mobilization, and Stronger Partnerships to Drive Economic Transformation in Transition States

Africa’s transition states are the continent’s most vulnerable economies, facing a wide range of political, economic, security and environmental challenges, and striving for greater stability and resilience African economists and development leaders have called for sweeping governance reforms, stronger domestic…

Read MoreAfrican Experts Urge Governance Reforms, Domestic Resource Mobilization, and Stronger Partnerships to Drive Economic Transformation in Transition States

Afreximbank’s Africa Research and Innovation Hub (ARIH) seeks to unlock US$70 billion annual economic gains for Africa

The hub is structured to address the low investment in research and development (R&D) in Africa and the continent’s underperformance in research output The African Research and Innovation Hub (ARIH) that was recently launched by African Export-Import Bank (Afreximbank) is…

Read MoreAfreximbank’s Africa Research and Innovation Hub (ARIH) seeks to unlock US$70 billion annual economic gains for Africa

Transforming Grant Funding to Accelerate Energy Access in Africa – ENGIE Energy Access Publishes New White Paper

Drawing on nearly two decades of last-mile delivery experience across nine African countries, the paper highlights how rethinking funding design could unlock private sector capacity and deliver impact at scale ENGIE Energy Access, Africa’s leading off-grid solar provider, has released…

Read MoreTransforming Grant Funding to Accelerate Energy Access in Africa – ENGIE Energy Access Publishes New White Paper

Afreximbank and South African Government sign landmark Joint Project Preparation Facility Agreement to accelerate infrastructure development

By combining Afreximbank’s financial expertise with strategic oversight of ISA, the partnership seeks to create a robust pipeline of bankable projects essential for closing South Africa’s infrastructure gap African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has marked a significant milestone in infrastructure…

Read MoreAfreximbank and South African Government sign landmark Joint Project Preparation Facility Agreement to accelerate infrastructure development

RS South Africa Shines Spotlight on Maintenance, Repair and Operations (MRO) Procurement Challenges in Key Economic Sectors

Key concerns for MRO buyers include ensuring cost savings, maintaining ageing assets, contract compliance with preferred suppliers, and managing multiple stakeholder expectations across dispersed sites RS South Africa, a trading brand of RS Group plc (LSE: RS1), a global provider…

Read MoreRS South Africa Shines Spotlight on Maintenance, Repair and Operations (MRO) Procurement Challenges in Key Economic Sectors