The Board of Directors of the African Development Bank Group (AfDB) has approved a private sector multi-currency line of credit of US$100mn and 1.3bn South African Rand to Industrial Development Corporation Plc (IDC) of South Africa where the operation will support industrialisation projects in both South Africa and other Regional Member Countries (RMCs)
Finance
Egypt overtakes South Africa as most attractive investment destination: RMB research
Egypt has seized the number one spot from South Africa as the most attractive investment destination on the continent, according to Rand Merchant Banks (RMB) Investment Attractiveness Index
President Museveni wants Trump to prioritise economic infrastructure for developing countries
The President said one of the challenges Uganda needed to tackle was electricity but the country did not get cooperation from the western countries in the 1960s, 70s, and 80s
Societe Generale launches new mobile money solution YUP in Africa
Societe Generale has introduced new African mobile bank YUP in the Ivory Coast and Senegal, aiming to providing a new alternative to the traditional banking model, with a full range of transactional and financial services even without a bank account
AfDB’s Vanessa Moungar appointed to the French presidential council for Africa
Emmanuel Macron, the President of France, has appointed Vanessa Moungar, director for gender, women and civil society of the African Development Bank (AfDB), to his presidential council for Africa