AfDB and IFC partner to advance economic development in Lusophone African countries

MozambiqueATRDec321The African Development Bank (AfDB) and IFC, a member of the World Bank Group, on 2 December signed a partnership agreement admitting IFC as the first institutional partner to the Development Finance Compact for Portuguese-Speaking Countries of Africa, or the Lusophone Compact

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Tanzania’s GDP poised to top 8% in five years

ATRGDPDec121The Tanzania economy is poised to grow steadily to reach 8% in five years, which hinges on increased positive utilisation of resources and growth in productivity

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Verdant Capital advises WIOCC on US$80mn equity capital raise

ATRNov2621Verdant Capital has advised WIOCC Holding Company Limited (WIOCC) on an US$80mn equity capital raise

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Ecobank Group secures US$112mn credit facility from EIB to fund SMEs

investmentATRNov2521Ecobank Group, one of the leading pan-African banking groups, has signed an agreement for a US$112mn long-term credit facility over nine years with the European Investment Bank (EIB)

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SSA economy on a steady recovery path

AdobeStock 338034267After 2020 regional downturn, the International Monetary Fund (IMF) estimated the sub-Saharan Africa (SSA) economy grew at 3.7% in 2021 led by expansion in industry and services but still experienced weaker growth in gross fixed investment

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