Ecobank and African Guarantee Fund Sign Transformative USD 200 Million Risk Sharing Agreement

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…

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Sycamore Distances self from Impersonating App

The attention of Sycamore Integrated Solutions Limited (SycamoreNG) has been drawn to news publications attributing a statement to the Federal Consumer Protection Commission (FCCPC) alleging that Sycamore Integrated Solutions Limited, being a registered DML on the Commission’s approval list has been found to be one of the companies engaged in prohibited conduct, engaging in the use…

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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.

AfDB to extend nearly $1m to boost opportunities for women-led businesses

The African Development Bank’s Gender Equality Trust Fund (www.AfDB.org) will provide a $950,000 grant to the Africa Small and Medium Enterprise Business Linkages Program in Burkina Faso, Chad, Mali, Mauritania, and Niger. The grant, which will supplement an earlier $3.9 million financing grant from the Bank’s Transition Support Facility, is expected to bolster 1,400 women-led…

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AfDB joins global partners to raise financing for Zambia's Lobito Transportation Corridor

5 Regional Members set to join African Development Fund replenishment

5 African Development Bank Governors have signed an agreement committing to contribute at least $1 million to the replenishment of the African Development Fund (ADF), the concessional window of the Bank Group. Under the self-initiated agreement, the five-member constituency—The Gambia, Ghana, Liberia, Sierra Leone, and Sudan—will contribute to the ADF from its next replenishment cycle…

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AfDB joins global partners to raise financing for Zambia's Lobito Transportation Corridor

AFDB: Africa remains resilient to new shocks

African Development Bank Group has highlighted its critical contributions to the continent’s development and the wellbeing of its people in 2022. The Annual Development Effectiveness Review published yearly since 2011, assesses the Bank’s support to the sustainable development of African countries. It specifically monitors contributions to the Bank’s High 5 strategic priority areas driving Africa’s…

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