Business Archives

USTDA and African Development Bank Renew Partnership

jasper January 23, 2025 No Comments

Abidjan, Ivory Coast, January 23, 2025 — The U.S. Trade and Development Agency (USTDA) and the African Development Bank (AfDB) have renewed their Memorandum of Understanding (MOU) for an additional…

Afreximbank Receives ‘AAA/Stable’ Rating.

jasper January 21, 2025 No Comments

Cairo, Egypt, January 20, 2025 — African Export-Import Bank (Afreximbank) has achieved an ‘AAA/Stable’ rating from China Chengxin International Credit Rating Co. (CCXI), marking a significant milestone in its financial…

The State of Tanzania’s Capital Markets in 2024

jasper January 21, 2025 No Comments

21st January 2025, Tanzania’s capital markets closed 2024 on a high note, with the Dar es Salaam Stock Exchange (DSE) reporting a significant surge in trading volumes, particularly in December.…

World Bank Group Announces Record $100 Billion IDA Replenishment

jasper January 18, 2025 No Comments

SEOUL, KOREA, December 6, 2024 — The World Bank Group today unveiled a groundbreaking $100 billion replenishment for the International Development Association (IDA), marking a transformative milestone in global development…

IMF Executive Board Approves $1.7 Billion Extended Credit Facility and $1.04 Billion Resilience and Sustainability Facility for the Democratic Republic of the Congo

jasper January 18, 2025 No Comments

Washington, D.C., January 15, 2025 – The Executive Board of the International Monetary Fund (IMF) approved two significant financial arrangements for the Democratic Republic of the Congo (DRC): a 38-month…

EAC Payment System Sees 40% Growth.

jasper January 18, 2025 No Comments

Published on 17th January 2025 Traders across East Africa transacted a record $2.015 billion through the East African Payment and Settlement System (EAPS) in the 12 months leading up to…

Alpha GRIP Management Company Secures $20 Billion Investment for Ogidigben Gas Revolution Industrial Park

jasper January 17, 2025 No Comments

BEIJING, China, January 17, 2025/ — On January 15, 2025, Alpha GRIP Management Company (AGMC) and China National Chemical Engineering International Corporation Ltd. (CNCEC) formalized a monumental partnership to develop…

Africa Finance Corporation (AFC) Earns Top AAAspc Rating.

jasper January 16, 2025 No Comments

LAGOS, Nigeria, January 16, 2025/ — The Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has earned an exceptional AAAspc issuer credit rating with a stable outlook from S&P…

Global Partners Invest $45 Million to Transform Vaccine Production and Access in Africa

jasper January 16, 2025 No Comments

DAKAR, Senegal, December 18, 2024 – In a pivotal move to strengthen public health and improve vaccine access across Africa, the U.S. International Development Finance Corporation (DFC), the African Development…

African Development Bank Approves Construction of State-of-the-Art Headquarters in Abidjan

jasper January 16, 2025 No Comments

ABIDJAN, Ivory Coast, December 17, 2024 – The African Development Bank Group (AfDB) has secured approval from its Boards of Directors for the construction of a modern, state-of-the-art headquarters in…

Category: Business