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Banking & Finance

The new business financing will support investment by manufacturing, agriculture, services and trading companies across the country. (Image source: Adobe Stock)

The 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

Averda will expand its plastics recycling capacity in Africa. (Image source: Adobe Stock)

Averda, the international waste and recycling company, has been approved for a US$45mn investment loan from the US International Development Finance Corporation (DFC) for the development, construction and operation of plastics recycling facilities in Africa and India

The grant will contribute to the Institutional Capacity Building for the African Union Project. (Image source: Adobe Stock)

The African Union Commission (AUC) will benefit from an US$11.48mn grant from the African Development Fund to strengthen its governance and provide it with institutional support

The programme will borrow from Kenya’s BimaLab I, BimaLab II and global best practices. (Image source: Adobe Stock)

FSD Africa and Nigeria’s National Insurance Commission (NAICOM) have partnered to launch BimaLab, an accelerator programme designed to boost the development and adoption of digital solutions for the insurance sector

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