Averda, the international waste and recycling company, has been approved for a US$45mn investment loan from the US International Development Finance Corporation (DFC) for the development, construction and operation of plastics recycling facilities in Africa and India
Finance
African Union welcomes US$11mn grant from African Development Fund

The grant will contribute to the Institutional Capacity Building for the African Union Project. (Image source: Adobe Stock)
The African Union Commission (AUC) will benefit from an US$11.48mn grant from the African Development Fund to strengthen its governance and provide it with institutional support
BimaLab launched to make insurance more affordable for Nigerians

The programme will borrow from Kenya’s BimaLab I, BimaLab II and global best practices. (Image source: Adobe Stock)
FSD Africa and Nigeria’s National Insurance Commission (NAICOM) have partnered to launch BimaLab, an accelerator programme designed to boost the development and adoption of digital solutions for the insurance sector
Siemens South Africa and Aspen to enhance vaccine production for Africa
In a joint project, Siemens South Africa, Aspen SA Operations (Pty) Limited, a wholly-owned subsidiary of Aspen Pharmacare Holdings Limited and Deutsche Investitions-und Entwicklungsgesellschaft (DEG) have entered into an agreement to enable the use of digital technologies
DPO announces partnership with Bank of Kigali

The new partnership will allow Bank of Kigali customers to access efficient eCommerce and payments services. (Image source: Adobe Stock)
Leading African digital payments company DPO Group has officially partnered with Bank of Kigali, a leading commercial bank in Rwanda, to onboard eCommerce merchants for the bank