Month: December 2024

 African Guarantee Fund (AGF) (https://AfricanGuaranteeFund.com) and Nigeria’s Bank of Industry (BOI) have signed a USD 50 Million Loan Portfolio Guarantee framework in a bid to propel Nigeria’s industrial sector by providing financial and business support services to enterprises. The agreement that was signed at the Africa Investment Forum in Rabat is backed by African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative. The transaction will be phased […]

 In a significant partnership, Yango in Côte d’Ivoire, part of Yango Group, a global technology company that creates daily services, has teamed up with COFINA, a leading mesofinance institution in the country and Yabx (https://Yabx.co/), an embedded finance platform that builds credit profiles for thin/no file customers to introduce a Driver Cash Advance service. This is a digital loan product that will improve access to credit for many individuals and […]

 The African Development Bank Group’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) program is lending its support to a new $50 million financing agreement to provide financial and business support to Nigeria’s women-led enterprises. The African Guarantee Fund and Bank of Industry signed the $50 million loan portfolio guarantee framework at the Africa Investment Forum in Rabat on Thursday 5 December. The transaction will be phased out in […]

 An Eritrean delegation participated in the Economic, Social, and Cultural Rights Workshop held in Hangzhou, Zhejiang Province, China, from 2 to 9 December 2024. During the workshop, Mr. Habtom Zerai, Charge d’Affaires at the Eritrean Embassy and the Permanent Mission of Eritrea to the United Nations, and Mr. Natnael Yebio, from the Ministry of Foreign Affairs, presented papers titled “Challenges and Solutions: Promoting and Protecting Economic, Social, and Cultural Rights” […]

 KnowBe4 (www.KnowBe4.com), the world-renowned cybersecurity platform that comprehensively addresses human risk management, announced its 2025 cybersecurity predictions from its team of global industry experts. In 2024, the world witnessed cyber threats evolve faster than before primarily due to the rise in the number of and popularity of AI tools. These tools assist cybercriminals in refining and making attack tactics more sophisticated and more difficult to recognise, while it helps cybersecurity […]

 Eight high-potential female founders captivated over 300 investors, ecosystem leaders, and delegates during Deal Morning at the 11th annual Africa Early Stage Investor Summit (AESIS2024). These bold founders, representing the VC4A Venture (http://VC4A.com) Showcase - She Wins Africa edition, pitched their inspiring solutions that address critical challenges in agriculture, fintech, e-commerce, and health in Africa. Their participation was the culmination of VC4A’s award-winning Technical Residency program, an investment-readiness intervention aimed at preparing early […]

 Over 300 Africa-focused delegates converged at the 11th edition of the Africa Early Stage Investor Summit, and filled up the room for the AESIS Deal Morning ready to engage with Africa’s most promising founders. Next to another 15 highly promising startups, VC4A (www.VC4A.com) hosted eight female entrepreneurs from IFC’s She Wins Africa program, who took the AESIS2024 stage to pitch their solutions after completing an intensive technical residency in Cape […]

 Our attention has been drawn to an article with the above title in an otherwise respectable magazine, Africa Intelligence, in which the writer, Thibaut Lanchon, tried unsuccessfully to do a hatchet man’s job of questioning the successes APPO (www.APPOsecretariat.org) and Afreximbank have recorded in their effort to establish the Africa Energy Bank. Before delving into the series of misinformation that Mr. Lanchon dished out to his readers, we would like […]

 His Reverend Abune Baslios, Administrator of the Office of the Patriarch of the Eritrean Orthodox Tewahdo Church, has been elected as the 6th Patriarch of the Eritrean Orthodox Tewahdo Church. The election was conducted today at the Headquarters of the Eritrean Orthodox Tewahdo Church in accordance with the norms and regulations of the Holy Synod and the Church. The electoral process was attended by members of the Holy Synod, representatives […]