The African Development Bank Group (AfDB) has secured a $350 million loan from the Japan International Cooperation Agency (JICA) to enhance its support for private sector operations in Africa.
The facility will provide the necessary financial resources to support the growth and development of private sector operations in Africa, which will, in turn, create more jobs, increase productivity, and foster inclusive economic growth. The loan will support various private sector operations, including infrastructure development, agribusiness, energy, and manufacturing. It will also provide financing for small and medium-sized enterprises (SMEs) in Africa, which is critical to job creation and economic growth.
The Baobab Network, a Nairobi-based accelerator and investment firm, has invested $50,000 into five promising African startups.
Gebeya, a leading Pan-African talent cloud company, has announced a strategic partnership with O’Reilly, a respected provider of technology and business learning solutions, to empower African professionals in the digital age.
Yango Delivery, a leading logistics platform in Africa, has announced the launch of Cargo Express, a new feature designed to improve the delivery of bulky items across the continent.
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