Finance

World Bank building human capital in Democratic Republic of Congo

Congo 24 FebThe World Bank has endorsed a country partnership framework (CPF) for the period of 2022-2026 in support of stabilisation and development in the Democratic Republic of Congo (DRC)

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Commercial Bank Cameroun and EIB unveils COVID resilience business financing initiative

AdobeStock 238611165The European Investment Bank (EIB) has agreed to support US$13.6mn of new long-term financing for entrepreneurs and businesses across Cameroun with leading local partner Commercial Bank

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Averda to enhance plastics recycling capacity

AdobeStock 139794943Averda, 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

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African Union welcomes US$11mn grant from African Development Fund

AdobeStock 317537651The 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

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BimaLab launched to make insurance more affordable for Nigerians

ATRFeb10FSD 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

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