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Businesses are expanding across borders, new trade corridors are emerging, and regional ambition remains strong, but liquidity, payments and execution challenges continue to shape…
East Africa’s Kenya and Tanzania are among the strongest value…
In July, Kenya’s markets regulator licensed Shariah-compliant REITs, ESG-aligned advisors,…
Kenya is keen on delivering quality engineering capacity by establishing Kenya School of Engineering. President…
Newly appointed directors on the board of KEPSA take charge and embrace new strategies. Change…
IFC and the Sovereign Fund will identify high-impact infrastructure projects in strategic sectors in Morocco.…
Seychelles’ economy has taken a positive turn, with its blue bond economy roadmap drawing attention from international organizations. Nuveen, a global asset manager, has expressed interest in purchasing Ecuador’s new $656 million blue bond. If Nuveen can acquire this economic goldmine, it would significantly bolster the African island’s overall trajectory through its primary source of revenue.
A recent meeting between the President of Zanzibar, Dr Hussein Ali Mwinyi and Qatar’s First Vice-Chairman, Mohamed bin Twar Al Kuwari highlighted these figures. The two high-ranking officials met in Qatar. The Zanzibar president called on investors from the rich United Arab Emirates to invest in the island.
A total of six banks from the Middle East and Asia have raised a combined $625 million in syndicated loan to finance Africa’s infrastructure under the African Finance Corporation (AFC).
Through the AFC, Gulf Bank, National Bank of Ras Al-Khaimah, China CITIC Bank Corporation, Qatar National Bank, Doha Bank and Industrial Bank of Korea Limited joined the syndicate as first-time lenders throwing their weight behind the leading infrastructure solutions financier in Africa.
