Africa News

Demica rolls out supply chain finance programme for South African retailer

African retailer Shoprite Group – the region’s largest fast moving consumer goods company – has partnered with Demica to provide supply chain finance to …

Africa / 28-09-22 / by Eleanor Wragg

African gold producers grapple with illicit pre-financing networks

Small-scale gold producers in East Africa are dependent on informal or criminal pre-financing structures, with illicit gold likely ending up in international trading markets, …

Africa / 31-08-22 / by John Basquill

Côte d’Ivoire agrees €200mn deal for ECA-backed clean water project

Authorities in Côte d’Ivoire have agreed a €200mn transaction with KfW Ipex-Bank, Swedish Export Credit Corporation (SEK) and Bluebird Finance & Projects to install …

Africa / 16-08-22 / by John Basquill

Funding secured for new dry bulk port set to boost West African trade

A trio of commercial banks has agreed to lend €90mn towards a new dry bulk port in Côte d’Ivoire, as the West African country …

Africa / 03-08-22 / by Felix Thompson

Standard Chartered signs ECA-backed deal for Côte d’Ivoire road upgrade

Côte d’Ivoire’s government has secured an export credit agency (ECA)-backed social loan agreement that will support the renovation of a coastal road linking two …

Africa / 19-07-22 / by Felix Thompson

Nigerian oil export revenues hit by US$1bn surge in theft

Nigeria lost roughly US$1bn in export revenue to crude theft in the first quarter of the year, officials say, as criminal networks work to …

Africa / 13-07-22 / by Felix Thompson

Renewed calls for SMBC to halt East African pipeline support

A group of environmental organisations and NGOs are putting pressure on Japanese lender SMBC to end its involvement in a controversial US$5bn East African …

Africa / 29-06-22 / by Felix Thompson

European lenders criticised for bankrolling rubber industry deforestation in Africa

A new report warns European banks and tyre manufacturers are “propping up” widespread deforestation by rubber producers in West and Central Africa, sparking calls …

Africa / 22-06-22 / by Felix Thompson

Swiss ECA backs Ghana education project

Switzerland’s export credit agency (ECA), Serv, has insured a €152.6mn financing package to build nine vocational training centres in Ghana. The facility is being …

Africa / 18-05-22 / by Jacob Atkins

Citi eyes Africa supply chain finance boost with support from British International Investment

Citi has signed a risk-sharing deal with British International Investment (BII), the UK’s development finance institution, as part of plans to increase its supply …

Africa / 18-05-22 / by Eleanor Wragg