Month: November 2024

 Africa Tech Festival (www.AfricaTechFestival.com) 2024 wrapped up last week, marking the most successful edition in the event’s 27-year history. Organised by Informa Tech, the event is Africa’s most extensive showcase of enterprise tech innovation, bringing together influential founders, business leaders, policymakers, investors, and startups. Building on the momentum of the event's first two days, the final day kicked off with an opening address by Alderman James Vos, Mayoral Committee Member for […]

 The Africa Centres for Disease Control and Prevention (Africa CDC) has formally urged the United States Department of Health and Human Services (HHS) and the U.S. Centers for Disease Control and Prevention (US CDC) to reassess and lift the Level 3 travel advisory (“Reconsider Travel”) issued for Rwanda on October 7, 2024, due to the Marburg Virus Disease (MVD) outbreak. In a letter addressed to Hon. Xavier Becerra, Secretary of […]

 U.S. Government Agencies DFC and USAID Partner with Opportunity Bank to Launch the First-Ever U.S. Lending Program to Refugees and Host Communities in Africa. Kampala, Uganda — The U.S. International Development Finance Corporation (DFC), the U.S. government’s development finance agency, has signed an agreement with Opportunity Bank Uganda Ltd that will enable an increase in lending to refugee businesses and Ugandan host communities by up to $9 million (33 billion […]

 Approximately one in six war-wounded patients treated at the Bashair Teaching Hospital in south Khartoum since January 2024 have been under the age of 15, medical organisation Médecins Sans Frontières (MSF) said today. Many suffered gunshot, blast and shrapnel wounds. Doctors are also concerned about the spike in children arriving at the hospital severely malnourished. MSF teams working alongside hospital staff have treated more than 4,214 patients for trauma injuries […]

 African Export-Import Bank (“Afreximbank” or the “Group”) (www.Afreximbank.com) has released the consolidated financial statements of the Bank and its subsidiaries, for the nine months ended 30 September 2024 (9M’2024). The Group delivered a solid performance, closing the third quarter in a strong financial position, evidenced by its healthy liquidity levels, better asset quality, and robust capital adequacy levels. The Group’s profitability for the nine-month (“9M”) reporting period met expectations and […]

 The African Development Bank Group (www.AfDB.org) and the Systematic Observations Financing Facility (SOFF), a United Nations Multi-Partner Trust Fund, today signed a letter of intent to strengthen collaboration on the provision of early warning systems in the continent’s most vulnerable countries. The agreement, signed on the margins of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 29) in Baku, […]

 Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has successfully closed a US$300 million India-focused syndicated loan, marking a significant milestone in its ongoing strategy to diversify its international investor base. The transaction introduced a new group of lenders from India, further expanding AFC’s global partnerships. This landmark transaction, commemorated in Dubai, underscores AFC's robust standing as an investment-grade rated development financial institution with a unique ability […]

 In a major step to address Africa's climate finance gap, the African Development Bank Group (www.AfDB.org) has launched a new funding call  that will transform the development of climate projects across 37 low-income African countries. With an initial allocation of $56 million, the Climate Action Window (CAW) Technical Assistance Facility, launched at COP29 in Baku, Azerbaijan, will support the preparation, financing, and implementation of adaptation and mitigation projects aligned with […]