The World Bank has approved a grant of US$70mn to the West African nation of Burkina Faso in an attempt to help the country promote its economic growth and competitiveness
Banking & Finance
Ecobank and ICICI enter into a partnership to extend banking services
Ecobank Transnational Incorporated (ETI) has entered into a partnership with Indian private sector bank ICICI Bank in an attempt to establish itself as a gateway for Indian investment into Africa
AfDB approves grants worth US$9 million for Malawi
The African Development Bank (AfDB) has approved two grants for Malawi worth US$9mn for budgetary support and a hydroelectric power plant feasibility study
AfDB to release funds for Africa’s infrastructure
The African Development Bank has proposed a US$20bn innovative instrument for financing of Africa’s infrastructure development
Investec to invest in South African renewable sector
Specialist bank and asset manager Investec will invest US$813mn in South Africas Renewable Energy Independent Power Producer Procurement Programme