Africa News

DP World expands Africa trade finance offering with Standard Bank tie-up

Logistics giant DP World has partnered with Standard Bank to offer financing solutions to African companies on its DP World Trade Finance platform, amid …

Africa / 31-05-23 / by Eleanor Wragg

East African oil pipeline faces another blow as Standard Chartered refuses financing

Standard Chartered has become the latest financial institution in a string of banks and insurers to refuse support for the East African crude oil …

Africa / 03-05-23 / by Jenny Messenger

More banks, ECAs back Côte d’Ivoire water project

Commerzbank and Investec are providing a €178mn loan, backed by export credit agencies (ECAs), to finance a water infrastructure project in Côte d’Ivoire. The …

Africa / 27-04-23 / by Jacob Atkins

Afreximbank invests in Republic of the Congo factoring facility

The African Export-Import Bank has agreed to extend a €10mn facility to help Congolese lender Banque Postale du Congo (BPC) expand its factoring business for …

Africa / 25-04-23 / by Jacob Atkins

Deutsche Bank, Sace back construction of food processing facility in Angola

Deutsche Bank is providing a €57mn export credit agency-backed loan to support the construction of a large-scale automated agri-food production facility in Angola, as …

Africa / 12-04-23 / by John Basquill

LBMA faces growing calls for transparency over African industrial gold

Banks and commodity traders handling African-origin gold risk exposure to serious human rights and environmental abuses, even when working with refineries certified by the …

Africa / 12-04-23 / by John Basquill

Poland eyes Africa opportunity in Angola social loan

Poland’s export credit agency (ECA) is backing a US$73mn social loan led by Standard Chartered to finance the expansion of a university in Angola, …

Africa / 13-03-23 / by Jacob Atkins

Afreximbank deal raises money laundering, bribery red flags, report claims

A US$30mn revolving trade finance facility awarded by the African Export-Import Bank (Afreximbank) to South Sudanese company Trinity Energy has drawn scrutiny after its …

Africa / 27-02-23 / by Jenny Messenger

Lenders target West African trade finance gap with US$130mn facility

The Ecowas Bank for Investment and Development (EBID) has landed a dual-currency trade finance credit line totalling around US$130mn, marking the first time it …

Africa / 01-02-23 / by John Basquill

African states to get US$150mn trade finance from IsDB

The Islamic Development Bank (IsDB) is extending US$150mn in direct trade finance lending to 12 countries in Africa struggling with food insecurity. The International …

Africa / 18-01-23 / by Jacob Atkins