Month: November 2023

Parallel financing planned in strategic sectors; Memorandum of understanding signed today at the Saudi-Arab-African Economic Conference to expand SFD’s $10.7 billion of development support in Africa. In a milestone for strengthened bilateral ties between the Kingdom of Saudi Arabia and Africa, the Saudi Fund for Development (SFD) and Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced the signing of a memorandum of understanding (MoU) to jointly finance […]

President Cyril Ramaphosa has authorised the employment of 3 300 members of the South African National Defence Force (SANDF) for service in cooperation with the South African Police Service (SAPS) to prevent and combat crime, and maintain and preserve law and order, under Operation Prosper. Members of the SANDF will, in cooperation with the SAPS, conduct an intensified anti-criminality operation against illegal mining across all provinces, from 28 October 2023 […]

African Export-Import Bank (Afreximbank) (https://www.Afreximbank.com/) is delighted to announce the appointment of Mr. Haytham El Maayergi as its Executive Vice President, Global Trade Bank, succeeding Mr. Amr Kamel, former Executive Vice President, Business Development&Corporate Banking. Mr. El Maayergi brings to this role over three decades of diverse experience, with 25 years dedicated to regional and multinational banking institutions, including Citibank, Standard Chartered Bank, and Société Générale. Throughout his career, Mr. […]

In a boost to South Africa’s healthcare resilience, the first Phakamisa Sustainability and Innovation Summit has paved the way for more effective, efficient, and equitable delivery of high-quality healthcare across the country.   Hosted at the Embassy of Sweden, the first-of-its-kind summit focussed on prevention and early detection, capacity building and health equity, and optimising the use of innovation to build sustainable healthcare systems. The Summit delved into issues of […]

Minister in the Prime Minister’s Office, Second Minister for Education and Second Minister for Foreign Affairs Dr Mohamad Maliki Osman visited Algiers, Algeria, from 7 to 8 November 2023. Minister Maliki met Secretary-General of the Ministry of Foreign Affairs and National Community Abroad Lounes Magramane. During the meeting, Minister Maliki reaffirmed the warm and longstanding relations between Singapore and Algeria over the last 40 years since the establishment of diplomatic […]

Watch the videoToday Herbert Mensah, the newly elected President of Rugby Africa (www.RugbyAfrique.com), the continental governing body for rugby in Africa, will discuss the business of sport in a one-to-one fireside chat live at the 2023 Africa Investment Forum (AIF) at 11:30 (CET) local time in Marrakech, Morocco. Championed by the African Development Bank and seven other founding partners (Africa50, Africa Finance Corporation, Afreximbank, Development Bank of Southern Africa, European Investment […]

“I started vomiting in the wee hours of one Monday morning and never suspected that it was cholera,” says 31-year-old Winfilda Shonhai from Buhera district in Manicaland province. Her family was hit by cholera, and nine family members were admitted to Zangama clinic in Buhera, where cholera has been ravaging the community since the second wave of cholera in August this year. Despite her having heard of cholera, Winfilda never imagined the […]

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure financier and solutions provider, today announced its support to the Arab Republic of Egypt as a Re-Guarantor on a private placement offering of JPY 75 billion, 5-year, Samurai bonds. This landmark financing was guaranteed by Sumitomo Mitsui Banking Corporation with a full re-guarantee provided by AFC and SMBC Nikko acting as the Sole Lead Arranger on the transaction.  The Arab Republic […]