Helsinki Finland, December 6, 2019/ — Finland will contribute EUR 68.4 million to the replenishment of the African Development Fund (AfDF), which is the concessional window of the African Development Bank Group.
Category: Investing
A World Dividing: The International Implications of the Sino-American Rift
December 6, 2019//-The Trump administration has declared economic war on China. The United States has raised taxes on Chinese imports to levels not seen since the Smoot–Hawley tariffs of the Great Depression.
Investors Mobilise $40bn for African Infrastructure
Twenty-five countries attracted high-ticket investment deals at the Africa Investment Forum December 6, 2019//-Africa’s infrastructure investment needs between $130-170bn a year based on estimates by the African Investment Bank (AfDB). With current inflows, Africa must attract financing to plug an investment shortfall of $68-108bn each year.
Business Bootcamp for 100 SMEs in Africa Launched
Lome, Togo, December 4, 2019//-The African Union Development Agency (AUDA-NEPAD) launched its first Business Bootcamp for 100 SME’s in Africa on 4 to 6 December 2019 in Lomé Togo, in partnership with Ecobank.
Analyst: Pound to Drop to $1.20 if Election Delivers Hung Parliament
London, UK, December 3, 2019//-The pound will fall to 1.20 against the U.S. dollar if the UK election delivers a hung parliament, predicts the CEO of one of the world’s largest independent financial advisory organisations.
Credit platform Migo Raises $20 Million Series B
December 3, 2019// — Migo (formerly Mines.io), a startup reinventing the way people access and use credit in emerging markets, has completed a Series B equity round of $20 million led by Valor Capital Group, a Brazil-focused venture capital firm.
Second Lady Lauds Private Initiatives to Recognize Hard Work, Receives Award
Accra, Ghana, December 2, 2019//-The Second Lady of Ghana, Mrs. Samira Bawumia has applauded private initiatives to recognize the hard work and dedication of health and social welfare workers in various parts of the country.
European Fund to Support the Circular Bioeconomy Set Up
November 29, 2019//-The European Commission and the European Investment Bank (EIB) have announced the completion of the public procurement process for the selection of an investment advisor to set up and manage the European Circular Bioeconomy Fund (ECBF).
Donors to Announce Financing Package for Africa’s Low-income Countries
November 29, 2019//-Representatives of donor governments will meet from 4-5 December in Centurion, South Africa, to conclude the 15th Replenishment of the African Development Fund (ADF) with a financing package for Africa’s low-income countries for the period 2020-2022.
Climate Change and Sustainable Economic Growth in Africa
November 28, 2019//-The Rio Earth Summit in 1992 marked the cradle of the international community’s response to climate change – with the objective of addressing challenges associated with environmental protection and socio-economic development on a global echelon.