CDC Group, the UK’s development-finance arm, will provide a $100 million credit facility to First Bank of Nigeria Ltd. to help support women-owned businesses and small companies in Africa’s largest economy. The funding will ‘address the challenge of limited access to capital…
TURKEY’S President Recep Tayyip Erdogan has started his mini-tour of Central and West Africa, which is expected to create new opportunities to boost bilateral trade and benefit Turkish businesspeople to expand their investments in the region. On his four day-tour…
DEMOCRATIC Republic of Congo (DRC) is close to a deal with Fleurette Group, controlled by Israeli investor Dan Gertler, that could enable it to recover mining and oil assets worth about $2bn, minutes of a cabinet meeting showed on Saturday.…
THE African Development Fund, the concessional window of the African Development Bank, has approved funding of $12.13 million to finance additional activities under the Bank-sponsored Fish Town-Harper Road Project in Liberia. The funds will come from financial savings made in…
THE European Union has pledged 150bn euros ($170bn) for investment in Africa as it seeks to gain influence on the continent and become its partner of choice. But the continent’s leaders were hoping for more, including vaccine patent waivers and the redirecting…
THE African Development Bank (AfDB) has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages to commit up to $379.6 million in financing and technical assistance for the facility…
THE Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, says N5000 monthly national cash transfer means a lot to vulnerable Nigerians. The minister disclosed this on Thursday during a briefing with state house correspondents. She made…
MASER, a Dubai-based electronics manufacturer, plans to invest $100 million over the next three years to expand in West Africa to tap strong demand for its products. The company, which tripled its number of televisions sold in Africa to 600,000…
LEADING global blockchain ecosystem and cryptocurrency infrastructure provider, Binance, is sponsoring a boot camp for Francophone Africans as it continues in its mission to drive blockchain adoption and enable greater financial accessibility for Africans. Hosted by UK-based Pan-African Tech Foundation…
NIGERIA has called for a new economic deal between Africa and the European Union, describing the existing agreements as ‘one sided and unfair.’ The current partnership arrangements are unsustainable and must be transformed into something more substantial, President Muhammadu Buhari…
