Banking & Finance

African Development Fund commits US$21.6mn to upgrade National Road Network

atr1The African Development Fund's board of directors in Abidjan have approved US$21.6mn in grants for the third phase of the National Road Network Rehabilitation Programme in the Union of Comoros

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AfDB Group president Akinwumi Adesina begins official visit to South Africa

AdobeStock 362082211African Development Bank (AfDB) head Dr. Akinwumi A Adesina is in Johannesburg at the start of a three-day official visit to South Africa

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FTX announces partnership with AZA Finance to expand Web3 in Africa

AdobeStock 434079076FTX has announced partnering with AZA Finance to expand the adoption of Web3 and digital currencies in Africa.

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UK provides concessional financing alongside InfraCredit to mobilise pension and insurance investments

AdobeStock 252089055 CopyThe UK is providing up to approximately US$11.2mn of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments

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Commercial Bank Cameroun and EIB unveils COVID resilience business financing initiative

AdobeStock 238611165The European Investment Bank (EIB) has agreed to support US$13.6mn of new long-term financing for entrepreneurs and businesses across Cameroun with leading local partner Commercial Bank

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