Attendees of the Factoring workshop in Egypt pose for a group photo. In pursuit of the growth and transformation of Small and Medium Enterprises (SME) across Africa, African Export-Import Bank (Afreximbank), in partnership with FCI, the largest global network of factoring companies, and the Egyptian Factoring Federation (EFF), recently played host to a two-day Workshop…
There are different ways to dissect the Kemi Badenoch controversy. My observation on the debate though, and I might be wrong about that, is that many of those who have argued that there is “nothing wrong” with Kemi Badenoch’s posture and “truths” about Nigeria, might be confusing speaking up for/to the country, which should be…
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved funding worth EUR 28 million to build solar power plants in Gassi and Lamadji, Chad. This is part of the Bank’s Desert to Power program to increase energy access across Africa. The funding includes EUR 20 million in direct support, combining a…
The Nigerian Communications Commission (NCC) today hosted a virtual Stakeholders Forum as part of its participatory rulemaking process to discuss the licensing framework for a new licence category in the Nigerian telecom sector, the Application-to-Person (A2P) Messaging Licensing Framework, which the Commission is developing. In a speech by the Executive Vice Chairman/CEO, Dr. Aminu Maida,…
The Board of Directors of the African Development Fund – the African Development Bank Group’s concessional financing window – approved a donation of $9.42 million to Madagascar to implement climate resilience through the Preservation of Biodiversity in National Parks Project. The grant, agreed on 18 December 2024 in Abidjan, comes from the Climate Action Window, a mechanism of the Fund,…
Are you dissatisfied with the services rendered by any of the Service Providers? Do you know that you have a right to seek redress? To do so, simply take the following Steps as highlighted below: First complain to your Service Provider either via the Customer Care Helpline of your Service Provider or by physically visiting…
The African Development Bank has announced a $10 million investment from its Sustainable Energy Fund for Africa (SEFA) into the Persistent Africa Climate Venture Builder Fund (ACV Fund) to propel climate technology entrepreneurship across Sub-Saharan Africa. This catalytic investment aims to unlock $70 million in funding for African climate-focused ventures. The ACV Fund will address…
The African Development Bank Group has approved loans totaling €139.68 million to support youth employment and entrepreneurship in Côte d’Ivoire, targeting key sectors with high job creation potential. The loan comprised of €126.32 million from the Bank Group’s commercial African Development Bank window and €13.36 million from its concessional lending arm, the African Development Fund,…
African Export-Import Bank (Afreximbank) has signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC), marking a major step in expanding green infrastructure across the Central African region. Partnering with Kipay Investments SAS (Kipay), the Bank will finance the technical and bankability studies, legal, financial…
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) recently joined a consortium of financial institutions in London to sign a landmark syndicated term loan facility for Bank of Industry (BOI) Nigeria of up to EUR 2 billion. Afreximbank, acted as one of the Initial Mandated Lead Arrangers, Bookrunner and Facility Agent. The Bank disbursed its participation amount of…
