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 International Finance Corporation (IFC) has unveiled the 100 women-led startup owners chosen to participate in its She Wins Africa program.
Google has announced the 25 African startups selected for the third cohort of Google for Startups’ Black Founders Fund.
Kenya has signed a landmark agreement with the United Arab Emirates to develop the world’s first data center powered by geothermal energy.
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