Africa News

South African violence leaves trade in tatters and claims piling up

South African supply chains have been thrown into chaos after violence engulfed the country, with warehouses, distribution centres and trucks destroyed, and major trade …

Africa / 19-07-21 / by Maddy White

Deutsche Bank extends social loans for Ghana transport and health

Deutsche Bank has closed two loans to the government of Ghana, collectively worth €203mn, to finance health and transportation projects. The loans, extended to …

Africa / 13-07-21 / by Jacob Atkins

Côte d’Ivoire secures ECA-backed StanChart loan for nationwide hospital project

Standard Chartered has signed a €159mn export credit agency (ECA)-backed financing agreement with the government of Côte d’Ivoire for the refurbishment of maternity wards …

Africa / 12-07-21 / by Felix Thompson

IOCs “unlikely to rush back” as Nigeria’s Petroleum Bill passes senate

Nigeria’s National Assembly has passed a long-awaited Petroleum Industry Bill (PIB) as the government works to fix longstanding foreign investor concerns over the national …

Africa / 07-07-21 / by Felix Thompson

IFC links up with German, French, US DFIs to fund African vaccine production

Aspen Pharmacare, a South African pharmaceutical company, has landed a €600mn long-term financing deal from the International Finance Corporation (IFC) and three development finance …

Africa / 06-07-21 / by Eleanor Wragg

Standard Chartered signs ECA-backed social loan for Ghana roads

Standard Chartered has signed its first ever financing pact that has been specifically structured to comply with the recently published Social Loan Principles (SLP). …

Africa / 28-06-21 / by Eleanor Wragg

ITFC inks key trade deal with the Gambia’s government

The International Islamic Trade Finance Corporation (ITFC) has penned a US$250mn framework agreement with the Gambia’s government, as it works to bolster support for …

Africa / 15-06-21 / by Felix Thompson

Kimura Capital to launch two new Africa-focused commodity trade finance funds

London-based asset manager Kimura Capital has announced it is set to launch two new Africa-focused commodity trade finance funds. The two funds, one open-end …

Africa / 02-06-21 / by Felix Thompson

World leaders call for vaccine production and financing across Africa

The World Trade Organization (WTO) and International Finance Corporation (IFC) have called for the manufacturing of Covid-19 vaccines across Africa as well as a …

Africa / 01-06-21 / by Maddy White

Exclusive: Investec to launch new trade finance business

Investec is setting up a new trade finance team in South Africa, GTR can reveal, with the banking and wealth management firm looking to …

Africa / 17-05-21 / by John Basquill