Category: Finance

Financial development: Angola enters the International Capital Market

Financial development: Angola enters the International Capital Market

| October 27, 2015 | Reply

Angola announced the launch of sovereign debt bonds amounting to USD $1,500,000,000 LUANDA, Angola, October 26, 2015/APO (African Press Organization)/ — Angola announced the launch of sovereign debt bonds in the international market in the form of Eurobonds, amounting to USD $1,500,000,000.00 (one thousand five hundred million US dollars), under the Executive public finance management […]

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Apply for GEMS4 Entreprise Challenge Fund: Deadline: July 3, 2015

Apply for GEMS4 Entreprise Challenge Fund: Deadline: July 3, 2015

| July 1, 2015 | Reply

Deadline: July 3, 2015 The GEMS4 Enterprise Challenge Fund is a £3.5 Million private sector development matching grant fund. The objective of the Fund is to catalyse private sector investment in innovative, commercially viable, and inclusive business models that result in improved performance of the Wholesale and Retail sector, jobs and improved income opportunities for […]

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New IFC and Ecobank Facility to Finance SMEs financing in Fragile and Conflict-Affected States in West and Central Africa

New IFC and Ecobank Facility to Finance SMEs financing in Fragile and Conflict-Affected States in West and Central Africa

| May 29, 2015 | Reply

 With IFC and Ecobank sharing risk equally in the $110 million facility, SMEs will gain increased access to loans through Ecobank affiliates ABIDJAN, Côte d’Ivoire, May 26, 2015/ — IFC, a member of the World Bank Group, and Ecobank Transnational Incorporated, parent company of the Ecobank Group (http://www.ecobank.com) and leading pan-African full-service banking group, today […]

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Egyptian Tech Firms Expand Footprint in Africa with Expected Business Deals Worth USD 7 Million

Egyptian Tech Firms Expand Footprint in Africa with Expected Business Deals Worth USD 7 Million

| May 29, 2015 | Reply

The Government’s Africa Together Initiative Strengthens Egypt’s Position as a Regional Sourcing and ICT Services Hub CAIRO, Egypt, May 27, 2015/ — As a part of the country’s efforts to increase IT exports and achieve ambitious economic goals, Egypt’s Information Technology Industry Development Agency (ITIDA) (http://www.itida.gov.eg) helped setting out a number of partnership protocols and […]

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DATA Report launch today – From Abidjan to Addis: Delivering in 2015 for Africa

DATA Report launch today – From Abidjan to Addis: Delivering in 2015 for Africa

| May 29, 2015 | Reply

The global drive to end extreme poverty will not succeed without a shift in focus to the very poorest ABIDJAN, Côte d’Ivoire, May 29, 2015/ — A new funding plan to deliver basic health and education for everyone is essential to end extreme poverty, according to The ONE Campaign’s DATA Report 2015: “Putting the Poorest […]

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African Development Bank Presidential Election: Statement by Cristina Duarte, Minister of Finance and Planning, Republic of Cabo Verde

African Development Bank Presidential Election: Statement by Cristina Duarte, Minister of Finance and Planning, Republic of Cabo Verde

| May 29, 2015 | Reply

“Our agenda must be to end the business of managing poverty and to refocus our efforts on creating and better managing our wealth in Africa” – Cristina Duarte  ABIDJAN, Côte d’Ivoire, May 29, 2015/ — Statement by Cristina Duarte, Minister of Finance and Planning, Republic of Cabo Verde (http://www.minfin.gov.cv):   Dr. Akinwumi Adesina, Nigeria’s Minister […]

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The Arab Bank for Economic Development in Africa (BADEA) provides financial assistance to the West African Development Bank (BOAD)

The Arab Bank for Economic Development in Africa (BADEA) provides financial assistance to the West African Development Bank (BOAD)

| May 12, 2015 | Reply

LOME, Togo, May 8, 2015/ — Messrs. Christian ADOVELANDE, President of the West African Development Bank (BOAD) (http://www.boad.org), and Abdelaziz KHELEF, Director General of the Arab Bank for Economic Development in Africa (BADEA), have signed an agreement under which BADEA has provided to BOAD a credit facility of USD 20 million, or around FCFA 12 […]

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She Leads Africa Launches 2015 Entrepreneur Showcase with $15,000 cash prize for winners

She Leads Africa Launches 2015 Entrepreneur Showcase with $15,000 cash prize for winners

| May 11, 2015 | Reply

    The premier platform for young female entrepreneurs looking to grow and scale their businesses across Africa LAGOS, Nigeria, May 7, 2015/ — She Leads Africa (http://www.sheleadsafrica.org) has announced the launch of its second annual Entrepreneur Showcase for the most talented female entrepreneurs across Africa and the diaspora. This event is the premier platform […]

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Ethiopian Commodity Exchange Appoints New CEO

Ethiopian Commodity Exchange Appoints New CEO

| May 11, 2015 | Reply

 ADDIS ABABA, Ethiopia, May 7, 2015/ — The Board of Directors Office of the Ethiopian Commodity Exchange (http://www.ecx.com.et) today announced the appointment of Ato Ermias Eshetu as Chief Executive Officer of the ECX.   Ato Ermias has held a range of leadership positions locally and abroad. Since 2007, he has served as an Executive Management […]

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World Bank $500 Million Facility and Improving Maternal and Child Health in Nigeria

World Bank $500 Million Facility and Improving Maternal and Child Health in Nigeria

| May 11, 2015 | Reply

  World Bank $500 Million Facility and Improving Maternal and Child Health in Nigeria ABUJA, Nigeria, May 4, 2015/ — The Board of Executive Directors of the World Bank Group, last month, approved a $500 million International Development Association (IDA) credit for Nigeria. The IDA is the window of the World Bank which offers grants […]

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