Category: Newsline
Invest in African Energy Forum holds in Paris
As Africa seeks to propel its economic growth and tap into the vast potential of its energy sector, a significant shift is underway, moving investment trends from foreign aid to mutually beneficial commercial relationships with Europe. The upcoming Invest in African Energy Forum in Paris – taking place on June 1 and spearheaded by the…
Benin, Côte d’Ivoire to premier AfDB’s African Green Bank facilities
The African Development Bank is set to roll out the first green finance facilities in two public financial institutions in Benin and Côte d’Ivoire as part of its ground-breaking African Green Bank initiative. The host institutions are La Caisse des Dépôts et Consignations du Bénin (CDC Benin) and the Ivorian National Investment Bank (BNI). As…
AFC expands footprint in Benin, Botswana, Democratic Republic of Congo (DRC) and Somalia
Africa Finance Corporation, the continent’s leading infrastructure solutions provider, has welcomed into its fold Benin, Botswana, the Democratic Republic of Congo, and Somalia, in continuing to expand and diversify its membership and shareholder base. Memberships Accession to membership by Botswana and Somalia advances AFC’s mandate by conferring privileges and diplomatic immunities in line with the…
ICD to Launch Roadshow for Groundbreaking Tenge Sukuk
Islamic Corporation for the Development of the Private Sector (ICD) is launching a potential five-year Tenge sukuk to expand its operational assets in Kazakhstan and support local lending; this could be the first-ever tenge sukuk by a Development Financial Institution and will be an amortized Sukuk with all payments made in Tenge; the move supports…
AfDB announces debarment of Kenyan company, Goldsun Investments
The African Development Bank Group has announced a 24-month debarment of Goldsun Investments Company Ltd. with effect from 31 January 2023. Goldsun Investments Company Ltd. is a limited liability company registered in the Republic of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Goldsun Investments Company Ltd. engaged in…
EBID sets up IT Backup Site in Cabo Verde
The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor has signed an agreement with Nucleo Operacional da Sociedade de Informacao (NOSI) in the Republic of Cabo Verde to host the Bank’s first backup site. At a ceremony which took place in the…
Olajide Abiola steps down as CEO of Kiakia
Olajide Abiola, co-Founder and Chief Executive Officer of Kiakia, one of Nigeria’s pioneer digital lenders and leading peer-to-peer marketplace, has announced his decision to step down as the Chief Executive Officer of Kiakia with immediate effect. In a statement released on Tuesday, Mr Abiola announced that Chiemeziem Anyadike, co-Founder and COO of Kiakia will be…
6th Transform Africa Summit Comes to an end
The 6th edition of the Transform Africa Summit held in Victoria Falls, Zimbabwe has come to an end. Notable among the things that transpired during the summit is new memberships in the Smart Africa Alliance namely The Kingdom of Eswatini which became the 37th member state of the alliance which celebrated its 10th anniversary this…
African Critical Minerals: The Key to a Green Energy Future
Critical minerals are essential for the development of renewable energy technologies such as solar panels, wind turbines, green hydrogen, electric vehicles (EVs), and battery storage, and Africa’s mineral wealth has the potential to benefit not only the continent, but to provide a foundation for the global energy transition. Accounting for more than 85% of most…
CardoO Launches Internet of Things (IoT) Mobile App
CardoO, a fast-growing brand for IoT consumer electronics, announced today its participation in GITEX Africa 2023 and the launch of its new IoT mobile app. The Egyptian-based startup is set to revolutionize the market by providing outstanding, price-efficient smart devices that enhance people’s day-to-day lives. CardoO has achieved significant growth in the Egyptian market, with…