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
AfDB extends support to Power Africa
US President Barack Obama’s Power Africa initiative is steadily garnering support from investors and financial institutions within Africa