African Legal Support Facility receives €4 million from Germany
Germany will extend the African Legal Support Facility (ALSF) a €4 million grant. The related was signed recently between the ALSF and German KfW Development […]
Finance
IMF approves $76.3mln credit facility for Cameroon
The Executive Board of the International Monetary Fund (IMF) has completed the third review of the 3-year economic program (2017-19) under the Extended Credit Facility […]
AfDB, Entreprenarium launch master classes for 200 women entrepreneurs
The African Development Bank, as part of its Initiative to Support Access to Women in Africa (AFAWA), in partnership with Entreprenarium, has launched training sessions […]
Angola: IFAD supports agriculture projects with $7.6 million
The International Fund for Agricultural Development (IFAD) will support the Angolan Government in the implementation of the Agricultural Recovery Project, with a $7.6 million financing, […]
Cameroon receives €150 million from AfDB to support competitiveness, growth
As a continuation of the first phase of the Program to Support Competitiveness and Economic Growth in Cameroon (PACCE I), the Board of Directors of […]
Russian bank ‘mistakenly’ grants $12bn loans to CAR
Vneshtorgbank, Russian Foreign Trade Bank, mistakenly assigned a $12 billion loan to the Central African Republic. The loan was mentioned in a quarterly VTB financial […]
Tunisia to receive $500 million Saudi loan
Saudi Arabia will give Tunisia a $500 million loan at a favorable interest rate, Reuters reported on Wednesday. According to Nourredine Ben Ticha, an advisor […]
Africa Day: EIB releases a new study on banking in Africa
The European Investment Bank has released its new study on banking in Africa. The report tittle “Banking in Africa: Delivering on Financial Inclusion, Supporting Financial […]
WAMU: Three Moroccan banks in the top 5
Three Moroccan banks have positioned themselves in the top 5 banking groups in the West African Monetary Union (WAMU), Ecofin news Agency reported. These are […]
AfDB marks Toilet Day with $500 million commitment to new sanitation funding
As the African Development Bank joined the international community to observe World Toilet Day on November 19, the organization is putting considerable financial muscle into […]