Moody's Upgrades Africa Finance Corporation's Credit Rating
Moody's Investor's Service has upgraded infrastructure solutions provider Africa Finance Corporation's (AFC) credit rating from Negative to Stable. Notwithstanding increased country risk in several of AFC’s countries of operation over [...]
US Leads Financing for Angola-Zambia Railway ahead of Biden Visit in October
Angola and Zambia have signed a concession agreement with the Africa Finance Corporation (AFC) for the infrastructure solutions provider to connect railway lines in both countries, in a deal that [...]National Bank of Malawi Secures US$100million from Afreximbank
The National Bank of Malawi (NBM PLC), the country's largest bank by assets, has secured US$100million from the African Export-Import Bank (Afreximbank) to support trade finance. The Afreximbank credit line [...]Uganda to Start Milk, Coffee Exports to Nigeria
Africa's most populous country will soon start importing its milk and coffee from Uganda, Nigeria's former president Olesegun Obasanjo said after a visit to Uganda's president. “I am here to [...]AfDB Loans Madagascar US$ 67.3mn to Revive Economy
The African Development Bank Group (AfDB) has approved a US $67.3mn loan to Madagascar to help the island nation revive its economy over the next year. The programme aims to [...]Kenya, 142 Countries Recommit to Global Deal on Fossil Fuels-UNGA
Kenya and 142 other countries have voted for the adoption of the United Nations (UN) PACT for the Future, with UN Security Council member Russia, Belarus, and Iran voting against. [...]South Sudan Limits Cash Withdrawals as Juba Moves to Boost Cashless Economy
A recent decision by the The Bank of South Sudan (BOSS) to limit cash withdrawals to 10 million South Sudan Pounds (SSP) has elicited mixed reactions, as Juba moves to [...]Three Companies Win US-Tanzania Tech Challenge
JamiiForums, Smart Foundry Ltd, and The Launchpad Tanzania, have won the US-Tanzania Tech Challenge, the United States Embassy in Tanzania said in a statement on Friday. Partnering like we are [...]World Bank's US$ 90 Million For Djibouti Economic Corridor as Tensions Rise
The World Bank has approved US $90 million in additional financing for the Djibouti Regional Economic Corridor, which is designed to improve regional connectivity and enhance logistics efficiency in Djibouti [...]Turkish Fintech Colendi Launches AI Solution, Plans Africa Expansion
Istanbul-based fintech innovator Colendi AI has launched an artificial intelligence (AI) solution meant for financial institutions globally, as it plans expansion into Africa and the rest of the Middle East. [...]Kenya Anticipates Higher EV Adoption in 2025 Despite Underdeveloped Infrastructure
Kenya’s policy on e-mobility is expected to be ready early next year to pave the way for mass acquisition of electric units in the country, as the country builds on [...]
4G Capital Appoints Former M-Kopa MD Julian Mitchell as CEO
African fintech, 4G Capital, has appointed Julian Mitchell as its new CEO, as the fintech's founder Wayne Hennessy-Barret takes up the position of Executive Chairman. I am delighted to join [...]
