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
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
Nigeria to strengthen trade ties with Canada
Nigeria has revealed plans to improve its economic relations with Canada in the areas of power generation, petrol chemicals, mining, aviation, agriculture, health, education and film production
Aspen to acquire Nestlé’s infant nutrition businesses in Africa and Australia
South Africas Aspen Pharmacare has entered into an agreement with Nestlé to acquire its infant nutrition businesses in Africa and Australia for US$215mn
African diaspora 'source of development funding'
The Global Diaspora Forum held in Dublin drew focus on the African diaspora communities that are increasingly becoming viable sources of development funding