Banking & Finance
UK provides concessional financing alongside InfraCredit to mobilise pension and insurance investments
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The 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
Commercial Bank Cameroun and EIB unveils COVID resilience business financing initiative
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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 to enhance plastics recycling capacity
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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
African Union welcomes US$11mn grant from African Development Fund
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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
BimaLab launched to make insurance more affordable for Nigerians
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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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