Africa News

UKEF in ‘biggest ever’ West Africa facility for Côte d’Ivoire hospitals

A €241mn facility extended by the UK export credit agency for the construction of six hospitals in Côte d’Ivoire has been activated after being …

Africa / 10-08-21 / by Jacob Atkins

US bribery investigation spurs calls for greater transparency in Nigerian oil sector

A US bribery investigation into a former Glencore employee has revived long-standing questions over corruption in Nigeria’s oil sector. Though the West African country’s …

Africa / 04-08-21 / by Felix Thompson

Analysis: IFC looks to grow trade finance activities in Africa with new Miga agreement

The International Finance Corporation (IFC) plans to increase its support for critical trade flows in Africa and other vulnerable regions after launching a new …

Africa / 29-07-21 / by Felix Thompson

Delay expected as deadline looms for AfCFTA rules of origin talks

Talks aimed at finalising key aspects of the new African Continental Free Trade Area (AfCFTA) are facing delays, as member countries work to reach …

Africa / 28-07-21 / by Felix Thompson

ATI liquidity facility nudges Malawi solar project to close

The African Trade Insurance agency (ATI) has deployed its regional liquidity support tool to back a solar power project in Malawi, the first ever …

Africa / 21-07-21 / by Jacob Atkins

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