Latest News Development Bank
Agri-food industry
14/12/2023 at 11h42, by Africa Business+
Proparco commits to IFC’s Guaranteed Trade Finance programme
Details with Africa Business+
Agribusiness
13/12/2023 at 17h48, by Africa Business+
EFG Hermes’ bridgehead in retail banking, aiBANK, receives EBRD support
The bank, privatised at the end of 2021, will benefit from €35 million in loans.
Development Bank
12/12/2023 at 15h56, by Pierre-Olivier Rouaud
Aqua Expeditions seeks $45m for luxury cruises in East Africa
The Singapore-based company, which already operates in the Amazon, Mekong and Bali, is looking to expand...
Commercial banking
11/12/2023 at 16h34, by Africa Business+
Côte d’Ivoire: NSIA Banque CI and Teyliom’s Bridge Bank receive support to strengthen SMEs
Together with two Ghanaian banks, Republic Bank and HFC, they will benefit from an $85 million IFC package...
Agribusiness
11/12/2023 at 15h35, by Africa Business+
Tunisia: Olive oil trader, COGIA, secures working capital with external financing
The subsidiary of the Emirati group IFFCO (part of the Allana conglomerate) has secured a €12 million...
Commercial banking
08/12/2023 at 16h29, by Africa Business+
Ethiopia: Zemen Bank ready to invest in multilateral trade finance programme
The Addis Ababa-based bank is negotiating with the International Finance Corporation (IFC) for financing...
Consumer goods
07/12/2023 at 16h45, by Africa Business+
Riaya Industries gets EBRD development loan in dirham
Morocco’s leading manufacturer of tissue hygiene products is expanding its industrial and logistics...
Commercial banking
06/12/2023 at 18h56, by Africa Business+
Ruth Zaipuna’s NMB Bank wins IFC backing for Tanzania’s first sustainability bond
The bond, first listed on 25 September, totals $400 million and is denominated in US dollars and shillings....
Agri-food industry
30/11/2023 at 16h32, by Africa Business+
Madhvani Group’s Kioo expands Tanzanian glass bottle factory
Kioo, the country’s only hollow glass manufacturer, is investing $60 million in its Dar es Salaam site....
Construction & Infrastructure
24/11/2023 at 19h44, by Africa Business+
Singapore’s Tolaram secures $150m for Lagos Free Zone while awaiting listing
Tolaram is involved at various levels in the huge project to build the new port of Lekki, 60 km from...
Bank & Insurance
23/11/2023 at 18h37, by Pierre-Olivier Rouaud
Guido Clary appointed head of EIB regional office in Cairo
Formerly based in Slovenia, he will coordinate the European financial institution’s six offices in North...
Capital Market & Private Equity
23/11/2023 at 18h29, by Africa Business+
FMO and IFC support African Rivers Fund IV, XSML’s Central Africa SME fund
The fund plans to make 40 to 50 investments with average target tickets of between $2 million and $3...
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