The African continent has been hit later than other regions from the pandemic, but it’s becoming a major challenge
Finance
Nigeria's Bank of Industry raises US$1.11bn
The Bank of Industry (BOI), Nigeria’s oldest and largest development financing institution, has raised US$1.11bn from the international capital market, with an aim to serve its customers better
Tongaat Hulett invests in Mozambique sugar factory
South African company Tongaat Hulett has promised to invest around US$29.5mn to boost sugar production in Mozambique
US$3bn ‘Fight COVID-19’ social bond launched in Africa
The African Development Bank (AfDB) has raised a US$3bn in a three-year bond to help alleviate the economic and social impact the COVID-19 pandemic will have on livelihoods and Africa’s economies
AfDB to provide policy-based operation to boost Somalia’s economy
Arrears on loans owed by Somalia to the African Development Bank (AfDB) Group have been cleared following the payment in full of US$122.55mn by the governments of the UK and the European Union