Category: Key developments
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Africa Jobs Fund Launches With $100 Million Target to Back Job-Creating Businesses
A new philanthropic investment initiative dubbed Africa Job Fund has been launched with a target of raising $100 million to support businesses creating large-scale, quality jobs across sub-Saharan Africa.
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AfDB Approves $61 Million Funding Package to Support Women-Led Businesses in Nigeria
The African Development Bank Group has approved a $61 million funding package to help expand access to finance for women-led businesses in Nigeria, with a strong focus on agriculture and other sectors critical to economic growth.
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BII and Ecobank DRC Launch $30 Million Risk-Sharing Facility for SMEs in DRC
British International Investment (BII) and Ecobank DRC have unveiled a $30 million risk-sharing programme to improve access to finance for small and medium-sized businesses in the Democratic Republic of Congo (DRC).
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Macron Unveils €23 Billion Africa Investment Plan at the Africa Forward Summit in Nairobi
French President Emmanuel Macron has announced a €23 billion investment commitment for Africa during the Africa Forward Franco-African Business Forum in Nairobi, as France seeks to deepen economic ties with the continent through a renewed partnership model centered on investment and trade.
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Israel Launches Africa’s First Mobile Climate Lab in Kenya to Bridge the Continent’s Climate Data Gap
Israel has launched a mobile climate research laboratory in Kenya to strengthen climate monitoring and improve access to scientific data across Africa, where experts say a shortage of reliable ground-based measurements continues to weaken climate planning and policy decisions.
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IFC, Standard Chartered Roll Out $300m Facility to Ease Financing Pressure on African Supply Chains
The International Finance Corporation (IFC), part of the World Bank Group, has teamed up with Standard Chartered to introduce a $300 million risk-sharing facility aimed at improving access to supply chain finance across Africa.
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Africa Faces a $100 Billion Annual Agriculture Financing Gap, Undermining Food Systems and Economic Growth
Africa faces a $100 billion annual agriculture financing gap, limiting productivity, increasing food imports, and exposing structural weaknesses across the continent’s food systems.
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BII Targets £9 Billion Investment Push into Africa with New Five-Year Strategy
British International Investment (BII), the UK government’s development finance institution, has announced a new five-year plan to channel £9 billion into African economies, with a strong push to attract private investors and expand activity in underserved markets.
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AFC Establishes Nairobi Regional Office to Drive Over $2 Billion in East Africa Infrastructure Investments
The Africa Finance Corporation (AFC) has formalized plans to open its first regional office in Nairobi following the signing of a Host Country Agreement with the Government of Kenya, marking a new phase in infrastructure financing and industrial development across East Africa.