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The financing will enable local companies to procure essential agricultural inputs, such as fertilisers, seeds, and machinery. (Image source: BII)

British International Investment (BII) has revealed a US$100mn finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to support essential trade finance activities, agricultural development and address critical challenges around food security

According to the World Bank, remittances flow to countries in sub-Saharan Africa reached US$54bn in 2023. (Image source: Adobe Stock)

Onafriq, a large digital payments network, has signed an international money transfer agreement with M-PESA Safaricom, a provider of quick and easy financial services to mobile phone users, to help streamline remittance flows to Ethiopia

Peter Mathuki (right) receiving Somalia’s instrument of ratification of the Treaty of Accession from Jibril Abdirashid Haji Abdi (left). (Image source: EAC)

The East African Community (EAC), a regional intergovernmental organisation and one of the fastest growing regional economic blocs in the world, has welcomed the Federal Republic of Somalia as its 8th partner state

ECOWAS and UBA Africa key stakeholders at ECOMOF 2024. (Image source: UBA Group)

United Bank for Africa (UBA) has stated that is remains committed to encouraging the economic growth of the continent and is set to partner with the Economic Community of West African States (ECOWAS) towards implementing strategic initiatives

The National Development Strategy gets carrying out structural transformation of the economy to promote endogenous, inclusive development. (Image source: Adobe Stock)

The African Export-Import bank (Afreximbank) has agreed a EU€200mn (approx. US$217mn) financing facility to help the Government of Cameroon implement its National Development Strategy

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