Monday, May 27, 2019
The Board of Directors of the African Development Bank has approved the Bank's 2018 borrowing program for USD 8 billion to be raised from capital markets. The Bank provides financial assistance to its member countries by mobilizing resources primarily from...
As part of its mandate of managing Nigeria’s public debt, which also includes borrowing the Debt Management Office today listed the FGN Diaspora Bond of $300ml and the Eurobond 2-tranche of about $3bl, totalling about $3.3bl. After the closing gong...
Global trade is unravelling. Most recently, the World Trade Organisation biennial trade talks ended with no new agreements, with the WTO calling on members to do some “soul searching”. But amid the doom and gloom, Africa is proving to...
The African Development Bank (AfDB) is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructureproject − the $5-billion Nacala corridor rail and port project, supporting the project with $300-million from its private sector window. After years...
Government is set to receive about $2 million from the Common Market for Eastern and Southern Africa (Comesa) to capacitate the country’s leather and cotton value chains, Finance deputy minister Terrence Mukupe has said. “I was in Zambia and we...
As Africa joins the rest of the world to commemorate International Migrants Day today, the African Development Bank (ADB) has called on countries in the continent to reconstruct rural areas from zone of economic misery to that of prosperity. ADB...
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group (www.IsDB.org), signed a EUR 107 Million Murabaha Financing Agreement (CFA franc 70 billion) to finance Burkina Faso 2017/2018 Cotton Season with SOFITEX...
The African Development Bank (AfDB) has committed to invest $100 million in the Emerging Africa Infrastructure Fund (EAIF), a private-public partnership company managed by Investec Asset Management. The funding aims at reducing infrastructure deficit in sectors that are key to the...
The decision to end finance to upstream oil and gas marks a turning point for development assistance. The decision to end finance to upstream oil and gas marks a turning point for development assistance. At the One Planet Summit in Paris...
Africa Finance Corporation (AFC) has signed a US$200mn three-year term loan facility, to be used for general corporate purposes, including facilitating trade. Mandated lead arrangers and bookrunners on the facility were First Abu Dhabi Bank, Industrial and Commercial Bank of...
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