Africa News

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

Acre Impact Capital takes on Africa infrastructure gap with fresh investment

London-based investment manager Acre Impact Capital, which focuses on infrastructure in emerging markets, has secured fresh investment as it looks to narrow a daunting …

Africa / 12-05-21 / by John Basquill

IFC and Absa ink first African green loan

The International Finance Corporation (IFC) has provided Africa’s first ever certified green loan to South Africa’s Absa Bank to fund renewable energy projects in …

Africa / 12-05-21 / by Jacob Atkins

Macron pushes East African oil pipeline as French banks shun project

French President Emmanuel Macron has signalled his support for Total’s US$3.5bn East African Crude Oil Pipeline (EACOP) as France’s biggest banks shun the project. …

Africa / 05-05-21 / by Maddy White

Afreximbank, AfDB report reveals damage wrought by Covid-19 on banks’ trade finance business

Letter of credit (LC) business and correspondent banking relationships “slumped substantially” across Africa in the initial months of the Covid-19 pandemic, according to a …

Africa / 21-04-21 / by Felix Thompson

TDB moves to support women-led SMEs in Burundi with guarantee facility

The Eastern and Southern African Trade and Development Bank (TDB) has issued a three-year partial risk guarantee facility to support women-led small and medium …

Africa / 21-04-21 / by Eleanor Wragg