Ecobank and African Guarantee Fund have signed a Transformative USD 200 Million Risk Sharing Agreement. This, according to the Bank, is the largest guarantee facility in sub-Saharan Africa. The risk sharing agreement marks the third renewal of the partnership between Ecobank (www.Ecobank.com) and AGF. SMEs from across 27 African markets in which Ecobank operates will…
The Nigerian Senate has today confirmed the appointment of Dr. Aminu Maida as the substantive Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC). Maida was confirmed by the Senate during its plenary session where it adopted a report of the Senate Committee on Communications that screened Maida on Wednesday, November…
The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has entered into a framework agreement for the Export Agriculture for Food Security (ExAFS) Initiative with ARISE Integrated Industrial Platforms (ARISE IIP) and the governments of Chad, Malawi, Zimbabwe and Egypt. The initiative seeks to initiative to improve food security in Africa. At a ceremony on the fifth day…
Yellow Card has announced that it has become the first fintech on the African continent to launch PayPal USD (PYUSD). According to the company, this new stablecoin fromPayPal, issued by Paxos, will open new horizons for digital financial transactions between Africa and the United States. Crypto adoption in Africa is booming – according to a…
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has applauded the proposal by the Hon. Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, to enlist and train three million Nigerians over a period of four years, which will make the country an exporter of digital skills. Maida, who…
The Africa Investment Forum’s 2023 Market Days generated $34.82 billion in investment interest for infrastructure, agriculture, health, and creative industry projects. The three-day global event, with the theme “Unlocking African Value Chains,” ended on Friday in the Moroccan city of Marrakech, the event drew over 1,000 delegates from more than 60 countries. “We are building…
Liquid Dataport, a business of Liquid Intelligent Technologies (https://www.Liquid.Tech/), a pan-African technology group, is proud to announce its collaboration with Intelsat, one of the world’s largest satellite services providers, increasing the availability of fast and reliable connectivity in Africa during power disruptions. One key aspect of this collaboration is Liquid’s service called ‘Service Continuity’. Organisations…
The African Continental Free Trade Area (AfCFTA) can break Africa’s colonial legacy of exporting raw materials and importing finished goods, Jean-Louis Ekra, Deputy Chairperson of the Intra-African Trade Fair (IATF2023) Advisory Council and a former President of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has said. Delivering an opening statement at the Trade and Investment Conference…
Nigeria’s Ifeoma Malo, Co-Founder & CEO, Clean Technology Hub has won the ENERGY ENTREPRENEUR AWARD at the 2023 Africa Women Innovation and Entrepreneurship Forum (AWIEF) Awards. She was announced winner in one of AWIEF’s 8 categories at the awards ceremony which took place at Kigali Convention Centre, Rwanda. The AWIEF Awards ceremony and gala dinner…
Afreximbank has signed financing and other agreements valued in excess of one billion dollars with leading business entities from across the African continent. This was the highlight of the third day of the third Intra-African Trade Fair (IATF2023) currently holding in Morocco. The list of entities are: United Bank for Africa PLC – US$ 150…
