Africa News

Fears gold mining companies could be hit if Ecowas-Mali standoff drags on

A trade embargo placed on Mali by the majority of its neighbouring West African countries could affect its vital gold export sector in the …

Africa / 17-01-22 / by Felix Thompson

Deutsche Bank arranges bumper financing for Ghana market redevelopment

Deutsche Bank has closed a lending facility to finance phase two of the Kumasi Market redevelopment project in Ghana, together with the UK Export …

Africa / 14-01-22 / by Eleanor Wragg

Afreximbank closes oversubscribed US$1.2bn loan

The African Export-Import Bank (Afreximbank) has signed a US$1.2bn syndicated term loan with 22 banks. The three-year facility will be used for general corporate …

Africa / 11-01-22 / by Jacob Atkins

China shifts Africa financing focus from infrastructure to trade

China’s commitments to financing in Africa are shifting away from giant infrastructure developments and towards developing stronger trade flows and commercial investments, analysts say. …

Africa / 15-12-21 / by Jacob Atkins

Fresh concerns over piracy in Gulf of Guinea

Last week, the Danish military killed four pirates in the Gulf of Guinea, a global hotspot for piracy. The incident raises fresh concerns about …

Africa / 30-11-21 / by Maddy White

Investec Bank secures US$600mn sustainability-linked term loan

Investec Bank has closed a sustainability-linked term loan, securing a US$600mn facility from 22 banks. The South African lender will use the financing for …

Africa / 23-11-21 / by Jacob Atkins

Electronic payment buy online hand keyboard

Africa’s continental payments system goes live

Africa’s first continent-wide digital system to facilitate payments for goods and services in local currencies has officially gone live, three years after the launch …

Africa / 29-09-21 / by Eleanor Wragg

Cocobod bumps up annual pre-export finance facility

Ghana Cocoa Board (Cocobod) has signed its annual pre-export financing (PXF) facility, this year worth US$1.5bn. Since 1992/93, Cocobod has obtained an 11-month receivables-backed …

Africa / 27-09-21 / by Eleanor Wragg

Africa Finance Corporation gets US$100mn credit line from India Exim

The Export-Import Bank of India has extended a US$100mn line of credit to the Africa Finance Corporation (AFC) to support infrastructure projects, primarily in …

Africa / 08-09-21 / by Jacob Atkins

IFC and BMCE target African trade with new risk-sharing facility

The International Finance Corporation (IFC) and BMCE Bank International UK have struck a risk-sharing agreement to bolster trade finance support for African businesses still …

Africa / 07-09-21 / by Felix Thompson