The line of credit facility will strengthen financial intermediaries’ capacity to support SMEs through financing product and capacity building. In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank is providing a US$60 million…
Africa50 Joins IRENA’s ETAF Platform to Accelerate Renewable Energy Deployment in Africa
Africa50 pledges USD 100 million to accelerate renewable energy projects and infrastructure through IRENA’s ETAF Platform. The International Renewable Energy Agency (IRENA) has entered into a landmark collaborative partnership with Africa50, the pan-African infrastructure investor and asset management…
NEF2024 to focus on Energizing Sustainable Industrialization; mobilize investments for energy transition
Organizers of the 9th Nigeria Energy Forum (NEF2024) have disclosed that preparations are quite done to host the forum within the first week of July 2024. It also emerged that the Conference and Exhibition will focus on energizing sustainable industrialization…
A Model for African Producers: Wing Wah’s $2B Integrated Energy Project to Bolster Resource Monetization in the Republic of the Congo
The Chinese oil and gas company is developing a multi-faceted oil and gas project in the Republic of the Congo – a model which can be replicated in other resource-rich nations across the region The Republic of the Congo…
NNPC, TotalEnergies JV Announce $550 Million FID on Ubeta Field Dev’t Project
…………As Kyari Lauds FG’s Presidential Executive Order for Fostering Growth in Nigeria’s Oil, Gas Sector In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has officially announced a 550 million USD Final Investment Decision…
AfDB and Red Cross stress co-creation to build resilience in Africa
African Development Bank and the International Committee of the Red Cross (ICRC) stress co-creation to build resilience in Africa The exchange highlighted the importance of strategic partnerships to reduce humanitarian funding gaps in the medium to long-term by pursuing a…
African Development Bank launches African Debt Managers Initiative Network to spur home-grown solutions to debt challenges
The inauguration and first peer learning event took place in Addis Ababa under the theme: Developing and Deepening Domestic Debt Markets in Africa The African Development Bank’s, African Development Institute on Thursday launched the African Debt Managers Initiative Network…
African Development Bank Group, Ethiopia launch $94 million project to boost Climate Resilient Wheat Value Chain Development in Ethiopia
The financing will support 500,000 smallholder farmer households in the Ethiopian states of Afar, Amhara, Oromia, and Somali, to increase wheat productivity from three to four tons per hectare The African Development Bank Group and the government of Ethiopia,…
African Development Bank Appoints Dr. Léandre Bassole as Deputy Director General for East African Region
The Bank’s engagement in Guinea increased from $240 million in 2017 to $728 million in 2023 The African Development Bank has appointed Dr. Léandre Bassole, a seasoned economic development specialist, as Deputy Director General for the East African Region, effective…
Republic of Congo Participates in Historic Organization of the Petroleum Exporting Countries (OPEC) Meeting, Production Cuts Extended into 2025
The African Energy Chamber commends OPEC and its allies for extending oil production cuts into 2025 amid efforts to stabilize the market The Republic of Congo’s Minister of Hydrocarbons Bruno Jean-Richard Itoua participated in two historic OPEC meetings on…
