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.
Development Bank of Austria (OeEB) and Gutmann Bank raise EUR 72 million to invest in emerging economies
The Development Bank of Austria (OeEB) and Gutmann Bank have successfully raised EUR 72 million to invest in emerging economies.
Export Bahrain signs MOU with the Bahrain Development Bank
Export Bahrain has signed a Memorandum of Understanding with the Bahrain Development Bank (BDB). According to a July 2022 BDB press release, the MOU will provide further export services to Bahrain-based companies in the form of preferential rates when obtaining financial support.
Emirates Development Bank supports UAE’s economic recovery
Emirates Development Bank (EDB) is supporting the UAE’s post-COVID-19 economic recovery and acceleration efforts with a new AED 100 million facility for SMEs.
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.
World Bank Approves $300 Million Grant For Mozambique
The World Bank has approved a $300 million grant to Mozambique. This grant is intended to help the country promote good governance, sustainable development and improve the ease of doing business in the country.
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.
Botswana Minister of Finance Speaks at Project Finance Conference
The Project Finance Conference in Botswana was held during July 2022. The Project Finance Conference was organised by the Ministry of Finance, in partnership with the World Bank.
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.
Zimbabwe receives 175 MVA transformer
Zimbabwe has successfully taken delivery of a 175 MVA transformer which will significantly improve the quality and reliability of power supply in the region.
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.
Can Kenya solve its housing problem?
Kenya is struggling with a massive housing problem. Kenya needs to build approximately 250,000 houses per year to keep up with the growing demand. Kenya’s housing problem provides extensive opportunities for investment in construction.
Investment Glossary: Top 10 investment terms you should know
Investment terms can be a little confusing, especially for those new to investing. Sometimes, you may get mixed up with terms like: net worth, capital allocation and market capitalisation. ABiQ helps you make sense of investment terms.
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