According to an August 2022 African Development Bank (AfDB) press release, The AfDB and China are contributing €87.6 million to the construction of the northern agro-industrial hub in Sinématiali (Côte d’Ivoire). The project will cover 100 hectares.
West African SMEs and women-led businesses to receive a financial boost
According to an International Finance Corporation (IFC) August 2022 press release, small and medium-sized enterprises (SMEs) and women-led businesses in West Africa will receive a financial boost through the Uhuru Growth Fund I that provides them with growth capital.
The Public Investment Corporation to take a stake in the African Finance Corporation
The Public Investment Corporation (PIC) is set to take a $100 million stake in the African Finance Corporation (AFC). This investment will boost infrastructure development across the continent, which currently has an infrastructure financing gap of at least $93 billion a year.
Infinity Group and Africa Finance Corporation to acquire Lekela Power
According to a July 2022 press release, the Infinity Group and Africa Finance Corporation (AFC) will acquire Lekela Power. Lekela Power is Africa’s largest independent renewable energy producer, with a portfolio of 2.8 GW of projects across Africa.
African Export–Import Bank renews grant to assist African countries
The African Export–Import Bank (Afreximbank) board of directors renewed a $1 billion facility and $10 million grant to help African countries trade effectively under the African Continental Free Trade Area (AfCFTA).
$126 million investment set to boost infrastructure across Africa
A new $126 million investment is set to boost the renewable energy, digital infrastructure, mobility and logistics sectors in Africa.
European Solidarity Financing Fund for Africa Launched
According to a June 2022 press release, the European Solidarity Financing Fund for Africa (FEFISOL II), aimed at supporting rural microfinance and agribusiness entities in Africa, has been successfully launched.
COMESA Secretariat & AfDB launch phase 1 of the Africa Cloud Ecosystem Project
The COMESA Secretariat & African Development Bank have launched phase 1 of the Africa Cloud Ecosystem Project. The project received a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund, to conduct the market analysis and pre-investment study.
Rwandan Community Abroad and MTN Rwanda connect 1700 households to electricity
The Rwandan Community Abroad (RCA) and MTN Rwanda connect 1700 additional households to electricity.
Development Bank of Uganda and EU announce $16 million tourism facility
The Development Bank of Uganda and the European Union have announced the development of a second tourism facility, estimated to be valued at $16 million.
$150 Million Funding Approved for Kenya Highway Project
The African Development Bank (AfDB) has approved $150 million in new financing for the Nairobi-Nakuru-Mau Summit Highway project, under the Kenyan government’s First Mover public-private partnership (PPP) programme.
European Bank for Reconstruction and Development Supports Tunisia Pharmaceutical Company
The European Bank for Reconstruction and Development (EBRD) has facilitated access to finance for a local pharmaceutical company, located in Tunisia.
What are the top 3 benefits of public private partnerships for development in Africa?
ABiQ outlines the top 3 benefits of public private partnerships for development in Africa. A public-private partnership (PPP) is a contract between a public entity and a private organisation.
What are the top 3 benefits of public private partnerships for development in the UAE?
ABiQ outlines the top 3 benefits of public private partnerships for development in the UAE.
Enabling water security in scarcity: The African conundrum
ABiQ data shows that the African continent will face significant water shortages by 2030. Africa’s population is set to increase by 25% over the next few years, growing from 1.340 billion in 2020 to 1.617 billion in 2030.
How does Nafasi Water lead desalination projects in Namibia?
Nafasi Water desalination projects in Namibia serve a critical need. Namibia has a population of over 2.5 million people, and is grappling with a national water crisis, as a result of severe droughts.
Corporate governance: 5 things investors should look out for
The Public Investment Corporation (PIC) is set to take a $100 million stake in the African Finance Corporation (AFC). This investment will boost infrastructure development across the continent, which currently has an infrastructure financing gap of at least $93 billion a year.
Know your shareholders: Here’s why
ABiQ outlines why directors should know who their shareholders are. Shareholders are entitled to receive dividends when the company is in a good financial position. The board of directors is responsible for managing the day-to-day affairs of the company.
The Economic Community of West African States (ECOWAS) Infrastructure Master Plan: An Update
The Economic Community of West African States (ECOWAS) Infrastructure Master Plan intends to significantly contribute to the satisfaction of the entire demand of the sub-region by optimally developing the available resources within the ECOWAS Member States.
World Bank Approves Grant for Ethiopia Groundwater Resilience Project
On 17 June 2022, Ethiopia’s Ministry of Finance announced that the World Bank had approved a large-scale grant for Phase 2 of Ethiopia’s Groundwater Resilience Project. The World Bank grant totals $210 million.
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