Browsing: financing

The 1,028km highway will connect economic capitals of five West African countries, part of Ecowas economic block. Estimates show the…

Djibouti is set to receive a $120 million loan from the African Export-Import Bank (Afreximbank) in a deal targeting projects that will accelerate the country’s economic growth. 

The financing, which will go to Djibouti’s Great Horn Investment Holding (GHIH) to execute projects in the country’s Damerjog Industrial Development Free Trade Zone,  is part of a total facility amount of $155 million. The remaining $35 million will be financed through Banque pour le Commerce et l’Industrie Mer Rouge of Djibouti. 

IFC and the Sovereign Fund will identify high-impact infrastructure projects in strategic sectors in Morocco. They will work closely with…

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. 

The deal will revamp the financing of imports of oil, sugar, wheat, cement, construction equipment, vehicles, and consumer goods.  It…

Financing will create more jobs, and reduce national expenditure on the importation of milk and dairy products. It will also…

M-KOPA enables underbanked customers in select African markets to access a broad range of products and services without collateral or…