African Review - Finance

Finance

Blue economy can be a site of economic production, says ECA

Namibia’s fisheries is the third largest income earner and contributes about 15 per cent of total exports. (Image source: Arek Socha/Pixabay)

The blue economy, the sustainable use of ocean resources for economic growth, in Africa has the potential to be a site of economic production, linking small, medium and big production firms to promote poverty alleviation, equality and better living standards for the people, according to the Economic Commission for Africa (ECA) director for Southern Africa (SRO SA) Said Adejumobi

KfW and NamPost to support Namibia’s SMEs and households

The partnership aims to achieve the financial inclusion in Namibia. (Image source: German Embassy in Windhoek)

NamPost and KfW Development Bank have signed an agreement for a concessional loan of US$22.11mn to provide micro-loans to micro, small and medium-sized companies and households in rural and remote areas via NamPost subsidiary PostFin

HIMOINSA consolidates its growth in Africa and Middle East

HIMOINSA has developed numerous projects in the two regions. (Image source: HIMOINSA)

More than 30 companies from 16 different countries have gathered at the HIMOINSA Africa and Middle East Distributors Convention that showcased the latest product innovations and analysed trends in that market

Second Intra-African Trade Fair to capitalise on Rwanda’s economic success

The event will focus on numerous high-value intra-African trade and investment contracts by showcasing African goods, services and investment opportunities. (Image source: Intra-African Trade Fair)

The second Intra-African Trade Fair (IATF2020) will be organised by the African Export-Import Bank (Afreximbank), the African Union and the government of Rwanda in Kigali from 1-7 September 2020

AfDB becomes a shareholder in Africa Finance Corporation

Dr Akinwumi A Adesina is the president of AfDB. (Image source: World Bank Photo Collection/Flickr)

The African Development Bank (AfDB), Africa’s highest investment-grade rated (AAA with stable outlook) multinational financial institution, has invested US$50mn in the equity of Africa Finance Corporation (AFC)