IFC’s support for Nigeria’s banking sector will help keep the wheels of Nigeria’s economy turning at a time when it is facing a major challenge from COVID-19. (Image source: Aloysius/Pixabay)
IFC, a member of the World Bank Group, has announced an investment of up to US$100mn in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic
African governments have committed to support MSMEs at the national level. (Image source: Enhanced Integrated Framework/Flickr)
AUDA-NEPAD, the African Union Development Agency, and Ecobank Group are committing to pool African resources, capabilities, financing, market access and technology, to help achieve a continental response to resources to Africa’s Micro Small and Medium Enterprises (MSMEs)
Somalia also benefitted from the Bank’s drought-related assistance channeled through the Intergovernmental Authority on Development. (Image source: United Nations Photo/Flickr)
In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (AfDB), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country
The transition to digital payments is in line with the Government of Sudan’s intention to establish the multi-ministerial Digital Transformation Agency. (Image source: Ministry of Finance & Economic Planning, Republic of Sudan)
Sudan has joined the United Nations-based “Better Than Cash Alliance” and announced commitment to accelerate digital payments, improving financial inclusion and transperancy throughout Sudans vast territory
The report recognises mitigating steps government has already taken, and this forecast assumes the authorities will take additional health and economic policy measures to mitigate negative impacts. (Image source: Jorge Cancela/Flickr)
Notwithstanding Tanzania’s strong growth performance in 2019, its economy will also suffer the effects of the COVID-19 pandemic and global economic crisis, according to a World Bank report
The Carmix 3.5TT is renowned for its robust performance in concrete mixing. (Image source: Carmix)
Genuine Volvo Parts are specifically developed, tested and approved to get the very best results from your Volvo machine. (Image source: Volvo CE)
The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
Work begins on the Cross Rivers State SAPZ. (Image source: AfDB)
Zambia, with global partners, accelerates off-grid solar projects to provide reliable, clean electricity for rural communities. (Image source: Adobe Stock)
Raubex Building selects Potain MCT 185 tower crane for key housing project, backed by strong local equipment support. (Image source: Manitowoc)
Nuno Rangel, CEO, pictured at the new South African warehouse. (Image source: Rangel Logistics Solutions)
Husk Energy to power rice farm operations. (Image source: Adobe Stock)
