Staff Writer

 The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB), has reinforced its position as a key player in the Islamic syndications market, achieving prominent rankings in the 2024 Bloomberg and Refinitiv League tables. For the fourth consecutive year, the ITFC top-tier performance reflects a strategic focus on delivering impactful trade finance solutions. For 2024, Refinitiv ranked ITFC as Globally # 1 Bookrunner and […]

  – 12 BAL Teams Include First-Ever Participants from Cape Verde and Kenya, Previous Champions from Angola and Tunisia –  – BAL’s Milestone Fifth Season Tips Off on April 5 in Rabat with First-Ever BAL Games in Morocco; Tickets on Sale Now via Guichet –  The Basketball Africa League (BAL) (www.BAL.NBA.com) today announced the 12 teams and game schedule (https://apo-opa.co/43iFBgS) for the opening leg of the league’s milestone fifth season, […]

 In a recent interview (https://apo-opa.co/3QYQmxL) with CNBC Africa, Amadou Hott (www.AmadouHott.com), a leading candidate for the presidency of the African Development Bank (AfDB), has outlined a comprehensive strategy to revolutionize the Bank's interaction with the private sector, recognizing its pivotal role in driving African development and African integration.  Hott presented one of the key pillars of his proposed action plan: the creation of a dedicated Bank complex, at vice presidency […]

 The African Development Bank (www.AfDB.org) Group has signed an agreement to become an implementing entity of the Pandemic Fund (https://apo-opa.co/4h0TQu3). This enables the Bank to coordinate financing of the Fund’s approved projects in Africa, as well as to participate in a call for proposals for financing investments scheduled to launch next month. The financial procedures agreement, signed in January with the World Bank Group (the International Bank for Reconstruction and […]

 The African Energy Chamber (AEC) (https://EnergyChamber.org) – representing the voice of the African energy sector – has enlisted international consulting firm Stryk Global Diplomacy (SGD) to support oil and gas engagement between the U.S. and Africa. This collaboration will not only ensure that Africa’s energy interests are effectively represented in U.S. legislative and policy discussions, but also aims to facilitate greater capital and technology injection by U.S. firms into African […]

 Afreximbank (www.Afreximbank.com) is pleased to announce the launch of its new documentary series titled – Impact Stories, which aims to showcase the development impact of the Bank’s interventions across various sectors and countries on the continent and in the diaspora. Season One of the series consists of six episodes which went on air on Afreximbank TV (https://apo-opa.co/43aD48x) on 27th February 2025.  Produced by the Afreximbank TV team and CNN’s Create Studio […]

 As Africa’s third-largest crude oil producer, the Republic of Congo has set an ambitious goal of increasing production to 500,000 barrels per day (bpd) by 2027. To attract new investment in exploration and production, the country is leveraging policy reforms and plans to launch a new licensing round in Q1 2025. With its production drive led by landmark projects from international oil companies, Congo has emerged as one of Africa’s […]

 The European Investment Bank (EIB) has committed to join Africa Finance Corporation (AFC) (www.AfricaFC.org) in financing a $750 million Infrastructure Climate Resilient Fund (ICRF). This landmark initiative will accelerate climate adaptation and sustainable infrastructure across Africa. As part of this commitment, the EIB today confirmed it will invest $52.48 million in the Fund, which is managed by AFC Capital Partners (ACP), the asset management arm of AFC. ACP has already […]

 The African Development Bank (www.AfDB.org) and the government of Chad have signed a grant agreement worth $44.9 million to finance the asphalting of the 49.5-kilometre Kyabé-Mayo section of the Kyabé-Singako road, including the construction of a 55-metre bridge. The agreement was signed in N’Djamena on 19 February 2025 by Tahir Hamid Nguilin, Minister of State for Finance, Budget, Economy, Planning and International Cooperation, and Claude N’Kodia, the Bank’s Acting Representative […]