Implementation of the African Continental Free Trade Area (AfCTA) is likely to enslave Africans to the rest of the world if the challenges associated with the program are not fixed, the think-tank group Citizen Watch has revealed. Currently, it is estimated that Ghana needs about US$5billion annually for the next...
The second Intra-African Trade Fair (IATF2021) has now been scheduled for December 2021. The African Export-Import Bank (Afreximbank), African Union (AU) and government of Rwanda have decided to shift the date of the continental trade fair, which was previously scheduled to be held from 6 to 12 September 2021...
…places Ghanaian fintech strategically in Southern Africa Zeepay, the leading African Challenger Fintech with operations in over 10 African countries, has today acquired a 51 percent stake in Mangwee Mobile Money Zambia. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to...
ShEquity and MBC Africa have launched the ShEquity Business Accelerator (SHEBA) in the Accra to offer venture building and technical support to African female entrepreneurs with impactful and scalable businesses. These businesses could then become potential ShEquity investment candidates in agribusiness (agtech, production, processing, wholesale & retailing, any other agribusiness...
African Export-Import Bank (Afreximbank) has disbursed US$200million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility (PATIMFA). The funds will assist Zenith Bank to continue maintaining foreign currency trade flows impacted by the COVID-19 pandemic. They will also allow Zenith Bank to on-lend to eligible sub-borrowers involved in...
With other development finance institutions, the Bank plays a critical role in financing electricity projects Kindergarten teacher Fatima Zahera Hagou recalls that just a generation ago, when the sun went down over the Moroccon countryside, her rural village of Dar Laain ground to a halt and locals bedded down for...
The contest to succeed Roberto Azevêdo as director-general of the World Trade Organization has entered a crucial new phase, with the first round of voting by WTO members set to end on September 16. Three of the eight contenders are African: Ngozi Okonjo-Iweala, a former Nigerian finance minister; Amina...
African Export-Import Bank (Afreximbank) has approved US$70 million to finance the expansion and upgrade of the Beitbridge border post in Zimbabwe. The Bank authorised a US$43 million senior term loan facility to Zimborders Mauritius Ltd and the issuance of an Investment Guarantee of US$27 million supporting Pembani Remgro Infrastructure Fund to...
Central banks in some of sub-Saharan Africa’s biggest economies may be more concerned about the impact of a potential third wave of coronavirus infections and a slow rollout of vaccines than quickening inflation, leaving borrowing costs unchanged for now. Monetary policy committees in Ghana, Nigeria, South Africa, Kenya and Angola...