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News
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Leads Groundbreaking Effort to Launch the Africa-Arab Guarantee Fund
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and a member of the Islamic Development Bank (IsDB) Group has entered into a …
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Shift has appointed Praveenesh (Prav) Pala as its new chief financial officer (CFO), with immediate effect. Pala brings more than 20 years of experience in high-growth, tech-driven financial services and …
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The Board of Directors of the African Development Bank has approved a loan of up to $170 million to support the development of the game-changing 1.1 GW Suez Wind Project, …
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Abu Dhabi’s biggest developer Aldar Properties has acquired a commercial tower in Dubai’s key financial district for 2.3 billion dirhams ($626 million), in one of the largest such acquisitions. The …
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News
Togo: African Development Fund to provide a partial credit guarantee to support the financing of green and social projects
The Board of Directors of the African Development Bank Group has approved a EUR 200 million partial credit guarantee (PCG) to support Togo’s inaugural sustainable financing to implement green and …
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The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $360 million to Ghana under its $3 billion Extended Credit Facility (ECF). This follows the successful …
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News
Afreximbank signs a $100 million Trade Finance Facility with JE Energy for the execution of Guyana crude oil export contracts
African Export-Import Bank (Afreximbank) recently in Cape Town, South Africa, signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favour of oil trader JE Energy Limited to …
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Major international creditors are ratcheting up pressure on Zimbabwe, demanding that it speed up political and economic reforms to unlock a badly needed debt restructuring deal that has been under …
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Uganda’s Cabinet this week approved the financing structure for the country’s $4 billion oil refinery, opting to fund the facility entirely through equity, as the government and private-sector partner Alpha …
