The International Financial Corporation (IFC) will provide Egypt’s Banque Misr with a $234 million loan to support small, and medium-sized enterprises (SMEs), with half of the funding allocated for women-led businesses. The partnership will help create jobs, boost economic growth, […]
The World Bank and the International Monetary Fund are being challenged to make substantial reforms so that they become fit for purpose in the 21st century. Some suggest that they cannot be sufficiently reformed and should be shut down. Others, […]
African Export-Import Bank (Afreximbank) has signed an MoU with Morocco to develop a $1 billion Morocco-Africa trade and investment promotion programme. The programme aims to facilitate and guide future cooperation in areas of common interest between Afreximbank, the Ministry of […]
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, and the Export Credit Bank of Türkiye (Türk Eximbank), Türkiye’s official export credit agency today signed an agreement to increase inter-regional cooperation, investment and trade between Türkiye and Africa. […]
Africa’s top 10 economies have the power to determine Africa’s financial course. Their impact spreads throughout the continent, luring investors and driving regional growth. With that said, it is a wonder how well the currencies of these giant economies are […]
Emirates NBD has launched a digital wealth platform that allows customers to trade securities and ETFs on both global exchanges such as, Nasdaq, NYSE, and London Stock Exchange and local markets such as, Dubai Financial Market, Abu Dhabi Securities Exchange, […]
The African continent has a population of 1.4 billion people, but it imports more than 90% of its medicines and 90% of its vaccines. WTO Director General Ngozi Okonjo-Iweala says the time has come to open up the continent to […]
Kenya has officially joined the Pan African Payments and Settlement System (PAPSS), Trade Cabinet Secretary Moses Kuria has said. Kuria on Friday, September 29, said that Kenyan companies will now be able to pay for trade transactions in local currencies. […]
JPMorgan Chase CEO Jamie Dimon says geopolitics after Russia’s invasion in Ukraine is the biggest risk, larger than high inflation or a U.S. recession. Global markets have taken a hit over the past week, as the U.S. Federal Reserve signaled that interest rates […]
Kenya’s government has picked Citi and South Africa’s Standard Group to advise it on how to handle a $2 billion Eurobond that is maturing in June 2024, a senior finance ministry official said on Monday. The East African nation needs […]
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