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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 two firms have joined forces to bridge the funding gap and support promising startups addressing climate change challenges in Africa

Antler, the globally renowned early-stage venture capital firm, is expanding its horizons to North Africa by launching a transformative $60 million early-stage fund.

Ethiopia has inaugurated its biggest electric vehicle (EV) factory in Debre Berhan, Amhara region.