The Africa Investment Forum’s 2023 Market Days generated $34.82 billion in investment interest for infrastructure, agriculture, health, and creative industry projects. The three-day global event, with the theme “Unlocking African Value Chains,” ended on Friday in the Moroccan city of Marrakech, the event drew over 1,000 delegates from more than 60 countries. “We are building…
Afreximbank has signed financing and other agreements valued in excess of one billion dollars with leading business entities from across the African continent. This was the highlight of the third day of the third Intra-African Trade Fair (IATF2023) currently holding in Morocco. The list of entities are: United Bank for Africa PLC – US$ 150…
African Development Bank President Akinwumi Adesina on Thursday pledged greater commitment to the development of cities and stressed the need for increased investment and autonomy for municipalities, the continent’s engine for economic growth. The Bank chief spoke at a high-level forum for mayors titled: “Leveraging Cities and Municipalities for National Development,” held on the sidelines…
The African Development Bank (www.AfDB.org) has signed a Memorandum of Understanding (MoU), joining global partners to mobilise resources for the Lobito Corridor and the Zambia-Lobito rail line in southern and central Africa. Other signatories included the United States government, the European Commission, the Africa Finance Corporation (AFC), and the host governments of Zambia, Angola and…
The African Development Bank (AfDB) (www.AfDB.org), Inter-American Development Bank (IDB), the Rockefeller Foundation, and the Center for Global Development came together to co-host a high-level meeting on October 13th to discuss the rechanneling of Special Drawing Rights (SDRs) from contributing countries through Multilateral Development Banks (MDBs). The objective is to boost their development and climate…
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), together with the Islamic Development Bank Group (IsDB), represented by IsDB Institute (IsDBI) (https://IsDBInstitute.org/), is set to host the 18th edition of its annual Islamic banking and finance conference under the auspices of the Central Bank of Bahrain. The two-day conference will be held in…
The Board of Directors of the African Development Bank Group (https://www.AfDB.org/en) has approved South Africa’s Country Strategy Paper (CSP) 2023-2028. The Bank’s interventions over the next five years will focus on two priority areas: improving governance and developing the private sector in southern Africa’s largest and most populated country. The CSP 2023-2028 aims to support…
The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have signed an agreement for US$600 million loan to fund loans and trade finance transactions. The purpose of the loan is to facilitate and finance the trade and economic cooperation between the member states of Afreximbank and the People’s Republic of China (PRC)….
IDFC Annual Meeting is taking place on the margins of the World Bank/IMF 2023 Annual Meetings in Marrakech, Morocco. The international group of 26 leading national and regional development banks gathered for its Annual Meeting on the sidelines of the World Bank/IMF 2023 Annual Meetings. IDFC Annual Meeting was marked by the election for the…
Egypt issues Africa’s first Sustainable Panda Bond worth 3.5 billion RMB backed by African Development Bank and Asian Infrastructure Investment Bank. She will use the bond proceeds for inclusive growth and green objectives under its Sovereign Sustainable Financing Framework Egypt has successfully issued a 3-year Sustainability Panda Bond worth RMB 3.5 billion ($478.7 million). The North African…
