African Export-Import Bank (Afreximbank) and AfCFTA Secretariat announced the operational roll-out of the Pan-African Payment and Settlement System (PAPSS)
Banking & Finance
Development Bank of Southern Africa set to generate sustainable finance
Development Bank of Southern Africa (DBSA) has partnered with Invest Africa to generate sustainable finance solutions for the continent during the Africa Debate 2021
IFC and FMO grant a loan of US$50mn for SMSE in Kenya
IFC and FMO, the Dutch entrepreneurial development bank, have announced a loan of US$50mn to I&M Bank Ltd to help smaller businesses across different sectors in Kenya access financial support for expansion and economic recovery
Cellulant acquires PSP license in Ghana
Pan African payments company Cellulant has announced the acquisition of PSP License in Ghana as it rolls out a digital payments solution for businesses
AfDB and govt of Ethiopia join hands to boost electricity trade and youth employment
African Development Bank Group (AfDB) and the government of Ethiopia have entered into an agreement to initiate projects related to youth employment, and electricity trade between Ethiopia and Djibouti