Trending
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
- Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
- Powering Africa: Africa’s Path to Universal Electricity Access
- Global investment trends at AIM Congress 2024: a spotlight on the keynote speakers
- South Africa’s deepening investment ties in South Sudan oil industry
- Agribusiness could drive Africa’s economic prosperity
Browsing: africa business news
- The deal will revamp the financing of imports of oil, sugar, wheat, cement, construction equipment, vehicles, and consumer goods.
- It will also support the purchase, processing, storage, and transportation of fisheries and mining products for export.
- IFC will also provide advisory support to Banque Populaire de Mauritanie (BPM), strengthening its corporate governance capacity.
Businesses across Mauritania are set to receive enhanced financial support following the International Finance Corporation’s (IFC) move to provide the Banque Populaire de Mauritanie (BPM) with $10 million a trade credit line.
The trade facility will help BPM scale up lending to businesses to finance imports of oil products. Further, importers of sugar, wheat, cement, construction equipment, vehicles, and consumer goods will benefit.
IFC loan to revamp export trade
The facility will also support the purchase, processing, storage, and transportation of fisheries and mining products for export.
Despite having vast natural resources, Mauritania faces challenges such as …
- Applicants must be under 35 years of age and pursuing undergraduate or postgraduate studies in energy-related fields.
- In addition to the scholarship, recipients will get substantial financial support ranging from US$5,000 to US$10,000
- Africa’s energy industry promises to bring tremendous prospects for economic expansion and environmental sustainability.
Students across Africa studyng oil, gas and energy-related studies can now access financial boost from the AEC African Energy Education Fund. The annual initiative will provide assistance to aspiring young individuals from across Africa, who are pursuing undergraduate studies.
At the moment, Africa is experiencing remarkable progress in the realms of gas and renewable energy. The industry promises to bring tremendous prospects for economic expansion and environmental sustainability.
AEC African Energy Education Fund targets students
The scholarship fund acknowledges the significance of seizing these opportunities and empowering the upcoming generation with the requisite expertise.
AEC African Energy Education Fund will be extending
The private sector in the African continent is set to receive US480 billion in investments over the next five years.
The investments will be made by a consortium of organizations under the G7 Development Finance Institutions (G7 DFI) which includes the European Investment Bank and the private sector arm of the African Development to support sustainable economic recovery and growth in Africa.
The proposed investments come at a time when the Covid-19 pandemic has caused a severe global economic and health crisis, including in the African continent.
The IMF estimates that sub-Saharan Africa needs additional financing of around $425 billion between now and 2025 to help strengthen the pandemic response spending and reduce poverty in the region.
This marks the first time the G7 DFIs have come together to make a collective partnership commitment to the African continent.
The G7 DFI group consists of CDC, Proparco (France), JICA and JBIC …