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Africa: International Finance Corporation (IFC) and Ecobank Transnational Incorporated to Support Trade Finance in Seven African Countries
To promote trade and foster economic growth in Africa, IFC today announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) subsidiaries operating in Burkina Faso, Cameroon, Cote d’Ivoire, Ghana, Malawi, Mali, and Togo.
IFC’s $140 million trade finance guarantee facility will help strengthen the participating affiliates’ trade finance operations and leverage ETI’s wide-spanning footprint in Africa to assist in...
Learn From Past Injustices: CeSIS Calls on Mining Communities in Mfantsiman to Negotiate Fair Lithium Resettlement and Compensation Terms
As Ghana positions itself as a major player in the global lithium mining industry, communities in the mining area earmarked for resettlement have been admonished to take practical lessons from mining-induced resettled communities by past mining projects. This was the overarching message from Mr. Robert Tanti Ali, Executive Director of the Center for Social Impact Studies (CeSIS), in an...
Afreximbank delivers strong first quarter 2024 results, surpassing prior year’s performance and in line with expectations
African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries for the three months ended 31 March 2024.
The Group’s results for the period demonstrates yet again great resilience in the face of challenging geopolitical and macro-economic conditions. The results show year-on-year growth and an increase in shareholder value.
Net Interest Income...
Africa: Spiro Agrees to US$50 Million Debt Facility with Afreximbank to Accelerate Expansion
Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for US$50 million debt facility with the African Export-Import Bank (Afreximbank) (www.Afreximbank.com).
This landmark agreement was signed in Kigali, Rwanda during the Africa CEO Forum, highlighting Spiro's commitment to enhancing sustainable transportation on the continent. The official signing ceremony featured Spiro’s CEO,...
John Dramani Mahama Pledges AI-Powered Fight Against Illegal Mining
In a groundbreaking commitment, the flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has vowed to deploy Artificial Intelligence (AI) in the battle against illegal mining activities if elected president in the upcoming December 7 general elections.
Speaking as the guest of honor at the 3rd Annual Transformational Dialogue on Small-scale Mining held at the University of Energy...
Muslim Community in Obuasi Supports Disaster Victims
In a move to deepen peaceful coexistence and strengthen unity of purpose, the Muslim community in Obuasi has offered Gh8000 in support of Koffekrom windstorm disaster victims.
The people of Koffekrom, a suburb of Obuasi in March this year witnessed a devastating windstorm which destroyed properties worth thousands of cedis and rendering many people homeless.
The Obuasi Municipal Assembly and other...
Kenya’s Evolving Credit Landscape Highlights Drive for Financial Inclusion
Kenya’s economic landscape showcased remarkable resilience in the latter part of 2023, with gross domestic product (GDP) growth coming in at 5.9% in the third quarter of 2023, compared to 4.3% in the corresponding quarter of 2022. Against this backdrop, TransUnion Kenya’s latest Q4 2023 Kenya Credit Industry Insights Report showed a state of flux in the credit market, shaped by macroeconomic...
Mitsumi Distribution spearheading Technological Advancement at GITEX Africa 2024
Mitsumi Distribution, a leading IT, Telco, Value and AI distributor in the Middle East and Africa, proudly announces its participation in GITEX Africa 2024. With a widespread presence spanning 28 countries and strategic partnerships with over 27+ vendors, Mitsumi Distribution is poised to showcase front-line technological advancements and innovations at this esteemed event.
Mitsumi's focus at GITEX Africa 2024 revolves...
Joshua Moszi recruits Adina Thembi on new single titled ‘Madina To Lapaz’
In a collaboration set to ignite the airwaves, Joshua Moszi joins forces with the sensational Adina Thembi to deliver an electrifying new single titled "Madina To Lapaz." This dynamic partnership between two of the most promising talents in the music industry promises to captivate audiences and leave a lasting impression.
"Madina To Lapaz" is a vibrant fusion of Afrobeat rhythms...
Celebrating Castro’s Legacy: DJ Lord OTB Honors Ghanaian Music Icon on His Birthday
Award-winning Ghanaian DJ, DJ Lord OTB, has paid tribute to the late Ghanaian Hiplife artist and musician, Castro, on what would have been his birthday. Born Theophilus Tagoe on May 1st, 1982, Castro was known for his energetic performances and hit songs that dominated the Ghanaian music scene.
Castro's career came to a tragic end on July 6th, 2014, when...
