British International Investment (BII) has revealed a US$100mn finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to support essential trade finance activities, agricultural development and address critical challenges around food security
Finance
Partners seek to empower flow of remittances to Ethiopia
Onafriq, a large digital payments network, has signed an international money transfer agreement with M-PESA Safaricom, a provider of quick and easy financial services to mobile phone users, to help streamline remittance flows to Ethiopia
EAC bolstered by Somalia inclusion
The East African Community (EAC), a regional intergovernmental organisation and one of the fastest growing regional economic blocs in the world, has welcomed the Federal Republic of Somalia as its 8th partner state
UBA reaffirms commitment to driving African economic growth
United Bank for Africa (UBA) has stated that is remains committed to encouraging the economic growth of the continent and is set to partner with the Economic Community of West African States (ECOWAS) towards implementing strategic initiatives
Cameroon National Development Strategy receives Afreximbank backing
The African Export-Import bank (Afreximbank) has agreed a EU€200mn (approx. US$217mn) financing facility to help the Government of Cameroon implement its National Development Strategy