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The International Monetary Fund says it is open to renegotiating Ghana’s $3 billion financing programme with President-elect John Dramani Mahama’s administration provided accompanying reforms aren’t jeopardised. “IMF-supported programmes are developed …
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Swoop has announced the appointment of Cameron Hyzer as Chief Financial Officer, with immediate effect. In his role, he will oversee Swoop’s financial strategies and will lead the finance organization, …
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News
African Development Bank and Trade and Development Bank (TDB) Group strengthen trade finance partnership through a Trade Finance Unfunded Risk Participation Agreement
The African Development Bank Group and the Eastern and Southern African Trade and Development Bank (TDB Group) have signed an agreement for a $150 million Trade Finance Unfunded Risk Participation …
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News
African Development Bank (AfDB), Development Bank of Southern Africa (DBSA) and institutional investors sign agreement for new African multi-originator synthetic securitization platform
The African Development Bank Group, together with the Development Bank of Southern Africa (DBSA) and key institutional investors Academy Securities, Africa50, and Newmarket, signed a Letter of Intent to explore …
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Global digital agency DEPT has appointed David Neal as its new Global Chief Financial Officer (CFO). In this role, Neal will bring together the global finance and operations team, driving …
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News
The African Energy Chamber (AEC) Supports Africa Energy Bank, Bridging Africa’s Energy Financing Gap
Launched by the African Export-Import Bank (Afreximbank) in partnership with the African Petroleum Producers’ Organization (APPO), the Africa Energy Bank – set to commence operations by March 2025 – represents …
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News
African Development Bank Accelerates Private Sector Support with Initial Disbursement of USD 1 Billion Loan to Transnet
The African Development Bank has released the first tranche of its $1 billion loan to Transnet, the South African state-owned conglomerate managing the country’s ports, railways and pipelines. This disbursement …
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Concert Group has promoted Scott Stosek to the newly-created positions of director of finance, Concert Group and chief financial officer of Harmony Re, the company’s risk retention platform. Stosek, who …
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SACE, the Italian insurance-financial group specializing in supporting businesses and the national economic system under the Ministry of Economy and Finance, and the African Development Bank Group, today signed a …