The 8th Pan African Forum on Migration (PAFoM-8) themed “Bolstering Free Movement and Trade Nexus in AfCFTA: Optimizing Benefits of Migration, Human Mobility and Development”, was held in Gaborone, Botswana recently. The Forum was hosted by the African Union in collaboration with the Government of Botswana, the International Organization for Migration (IOM), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), which implements its activities on behalf of the German Federal Ministry of […]

New climate resilience innovations in seed security being designed and piloted by IRC teams in Syria, Pakistan, South Sudan, and Niger; The IRC calls for investment in climate adaptation solutions designed for fragile contexts. As international leaders gather for the COP28 climate summit, the IRC has released a new report detailing a promising new innovation in building climate resilience in countries uniquely affected by both conflict and climate change. The IRC […]

Verdant Capital (www.Verdant-Cap.com) is pleased to announce a USD 2.5 million revolving credit facility for Enable Capital of South Africa.  Enable Capital specialises in providing short-term funding solutions to SME subcontractors involved in the physical construction and deployment of local, regional, and national fibre network infrastructure across South Africa. Enable Capital has built up a successful track record since inception in 2018 - it has provided financial support of more […]

Verdant Capital (www.Verdant-Cap.com) has advised a leading UK private equity firm on the sale of Biyinzika Poultry International Limited (“BPIL”), a vertically integrated poultry business in Uganda, to an investor consortium including a US single-family office and a regional industry executive. The sale represented a 100% interest in BPIL.  BPIL was founded in 1990 as a poultry breeder farm and has grown steadily over the years to establish itself as […]

Finance Programme name: Financial package to Commercial International Bank of Egypt (CIB) Instruments and amounts: -  $10 million Line of credit with a tenor of 10 years, -  $90 million subordinated loan with a tenor of 10 years, -  $32 million trade finance line of credit with a tenor of 3.5 years -  $16 million trade finance line of credit from the Africa Growing Together Fund (AGTF) with a tenor of 3.5 years. Background […]

Total of 188 international matches played in November; One change on the FIFA (www.FIFA.com)​/Coca-Cola World Ranking podium; Comoros Islands are the biggest climbers. International matches were played all over the world in November 2023, with FIFA World Cup 26™ qualifiers taking place in Africa, Asia and South America. The other confederations’ schedules included UEFA EURO 2024 qualifying matches, Concacaf Nations League 2023-24 encounters and the Pacific Games 2023. These matches […]

As VC4A (https://VC4A.com) commemorates its 10th Anniversary at the Africa Early Stage Investor Summit, the organization reaffirms its decade-long commitment to building vibrant startup ecosystems across the African continent. A Decade of Impact Since its inception in 2007, VC4A has been at the forefront of connecting entrepreneurs, fostering visibility, and enhancing accessibility within the startup community. Celebrating a decade of impact, VC4A has witnessed an astounding $11.5 billion in investments […]

Meeting in Abidjan on 29 November 2023, the Board of Directors of the African Development Bank (www.AfDB.org) approved a loan of €73 million to Kenya to support Phase III of the Competitiveness and Economic Recovery Support Programme. The financing will cover the fiscal year 2023-2024. It is intended to build resilience and support inclusive post-Covid-19 economic recovery, by improving economic governance and boosting industrial development and competitiveness. The programme will continue […]

The Board of Directors of the African Development Bank Group (www.AfDB.org) on Wednesday approved a €101.10 million loan to Kenya to implement the third phase of the Last Mile Connectivity Project. The project will improve electricity access for households, social infrastructure and micro, small and medium enterprises. The project will also benefit from a $13.17 million (€12.12 million) loan from the Canada-African Development Bank Climate Fund (CACF), administered by the Bank, providing long-term […]