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News
African Development Bank Accelerates Private Sector Support with Initial Disbursement of USD 1 Billion Loan to Transnet
The African Development Bank has released the first tranche of its $1 billion loan to Transnet, the South African state-owned conglomerate managing the country’s ports, railways and pipelines. This disbursement …
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Concert Group has promoted Scott Stosek to the newly-created positions of director of finance, Concert Group and chief financial officer of Harmony Re, the company’s risk retention platform. Stosek, who …
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SACE, the Italian insurance-financial group specializing in supporting businesses and the national economic system under the Ministry of Economy and Finance, and the African Development Bank Group, today signed a …
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The Africa Investment Forum kicked off its 2024 Market Days in Rabat, Morocco, with leaders highlighting the continent’s bankability and readiness for investment. In her welcoming remarks, Morocco’s Minister of …
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News
Afreximbank and Arise IIP commence the construction of the African Quality Assurance Center in Glo-Djigbé Industrial Zone (GDIZ) Benin to boost Intra-African trade: A landmark collaboration between Afreximbank and ARISE IIP
African Export-Import Bank (Afreximbank) and ARISE Integrated Industrial Platforms (ARISE IIP) have announced the commencement of construction works for the African Quality Assurance Centre (AQAC) in Glo-Djigbé Industrial Zone (GDIZ) …
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News
African Development Bank and Bank of Africa SA sign EUR 50 million risk-sharing agreement to support development of Small and Medium-sized Enterprises (SMEs) and boost African trade
The African Development Bank and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. The signing ceremony took …
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News
African Development Fund approves over €156 million for upgrase of cross-border roads connecting Burkina Faso and Mali with Côte d’Ivoire
The Board of Directors of the African Development Fund approved loans totalling €156.66 million recently to Burkina Faso and Mali for the upgrading and asphalting of cross-border roads linking the …
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News
Arab Coordination Group (ACG) pledges US$10 billion by 2030 to combat desertification and land degradation
The Arab Coordination Group (ACG), a strategic alliance of ten leading development finance institutions, announced a landmark commitment of up to US$10 billion by 2030 to address the critical challenges …
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News
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Leads Groundbreaking Effort to Launch the Africa-Arab Guarantee Fund
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and a member of the Islamic Development Bank (IsDB) Group has entered into a …
