Rwanda has announced the setting up of the National Fund for Skills Development in Rwanda (NFSD). This initiative is part of an ambitious strategy to build local capacities through two components: training and financing. The private sector is invited to contribute. By Bilkiss Mentari Rwanda has embarked on an ambitious...

Gainmore Zanamwe — Senior Manager in the African Export-Import Bank (Afreximbank) told that the bank will launch a development financing programme for the benefit of all African countries by providing credit facilities worth $6bn. He added that the programme aims to finance food and commodities, as well as fertilisers, with...

The government of Japan and the African Development Bank have announced a $5 billion financial cooperation under the fifth phase of the Enhanced Private Sector Assistance for Africa initiative (EPSA) from 2023 to 2025....

Capital raising via traditional bond markets particularly expensive for African countries, as risk appetite among typical bond investors has declined, pushing pricing up to prohibitive levels. By Miranda Abraham* The perfect storm of inflationary pressures, aggressive monetary tightening from central banks, combined with a deepening of the Russia/Ukraine crisis, has...

The African Guarantee Fund Group and BGFIBank Group signed in Libreville, a portfolio guarantee line for a total amount of 50 million Euros, intended to cover credits allocated to SMEs. This new agreement will enable the BGFIBank Group, which is present in several financial sectors and has a strong pan-African...

The continually growing credit funds provide financing formulas likely to widen the range of possibilities offered to SMEs on the continent. It is a flexible and tailor-made approach which, far from competing with traditional bank financing, could on the contrary complement it, argues financier Sidoine Viagbo.     By Sidoine Viagbo, Deputy...

Shaken economically by the COVID-19 pandemic, Africa must now mobilize the financial resources needed for its recovery. A considerable challenge. Yet, far from the usual clichés about the supposed lack of funding, solutions exist. Innovative and above all adapted to the realities of the continent. Here is a review of...

For the longest time, African women in the digital space and technology have gone through several challenges starting with the impostor syndrome in a predominantly male industry. Women in the digital space also lack resources, adequate skills training, lack social capital, funding and career growth opportunities. By Sheilah Birgen* I...

The French Minister of Economy, Bruno Le Maire, signed this Sunday June 13 in Cairo agreements for the financing of several development projects in Egypt for an amount of 3.8 billion euros. An intergovernmental agreement stipulates that France will finance on "preferential terms" several projects in Egypt via French companies...

The Oromia Industrial Parks Development Corporation of Ethiopia has signed an agreement worth almost $200m to build a 250ha agricultural processing park in the the western highlands province of Oromia. The agreement was signed by Sisay Gemechu, head of the Ethiopian Industrial Parks Development Corporation, and Dereje Ermias, head of...