Equity Bank Signs MoU with EAC for SME Financing
Equity Bank has signed a Memorandum of Understanding (MoU) with the East African Community (EAC) to help fast-track its Africa resilience and recovery plan that largely targets small and medium [...]
Somalia Renews Bid to Join the EAC Trade Bloc
Somalia has renewed its bid to join the East African Community (EAC) trade bloc, after the country's newly elected PresidentHassan Sheikh Mohamud arrived in Arusha to attend the ongoing 22nd [...]Ghana's Producer Inflation Hits 38% in June
Ghana’s producer inflation quickened to a near-eight-year high to 38% in June, from 33.3% the previous month. This is the highest rate of change since March. According to data from [...]Ghana Lawmakers Approves Plan to Borrow $750 Million Loan From Afreximbank
Ghana lawmakers approved a plan by the government to borrow up to $750 million from the African Export-Import Bank for the 2022 budget. The vote by the nation’s hung parliament [...]
Zambia Creditors Set to Commit to Debt Relief Needed for IMF Funding
Zambia's creditors are expected to commit to debt relief needed to unlock $1.4 billion from the IMF on Wednesday or Thursday as the country and its lenders seek to end [...]Catalyst Fund Raises $3.5 Million from FSD Africa
Catalyst Fund has raised $3.5 million from FSD Africa, seeking to accelerate and scale Pre-Seed Impact Ventures in Africa. With FSD Africa’s backing, Catalyst Fund will invest and offer hands-on [...]AfDB Approves $134 Million Loan for Nigeria
The African Development Bank (AfDB) Group has approved a $134 million loan for the National Agriculture Growth Scheme – Agro Pocket program in Nigeria to scale up food production and [...]CrossBoundary Secures $40 Million in Equity Funding for Scaling
Kenya-based CrossBoundary Energy Access (CBEA), a mini-grid infrastructure fund has announced completion of a $40 million equity investment from Norfund, the Norwegian Investment Fund for developing countries, and KLP, Norway's [...]Kenya Airways Signs a Codeshare Agreement with SA Airlines to Widen Connections
Kenya Airways (KQ), Kenya’s national carrier, and South African Airways (SAA) have signed a codeshare agreement that opens more destinations for seamless travel opportunities. As demand for air travel rebounds, [...]Nigeria Hikes Intrest Rate to a 3-Year High of 14%
Nigeria’s central bank increased its key interest rate at successive meetings for the first time in more than a decade and signalled even higher borrowing costs, escalating its response to curb accelerating [...]AfCFTA and Equity Bank Sign MOU to deepen Africa's economic integration
At the margins of the 41st Ordinary Session of the Executive Council of the African Union taking place in Lusaka, Zambia, the African Continental Free Trade Area (AfCFTA) Secretariat and [...]AfDB Approves $175 Million Risk Participation Agreement facility for Eastern and Southern African Trade Development Bank
The African Development Bank (AfDB) has approved a $175 million Trade Finance Funded Risk Participation Agreement facility between the African Development Bank and Trade Development Bank (TDB). The agreement [...]
