APO International

Governments of France, Japan, Spain and the UK express support for use of hybrid SDR instrument  to provide development resources to countries in need in Africa and Latin America and the Caribbean; IMF staff confirms reserve asset status of the innovative solution by the African Development Bank (http://www.AfDB.org) and Inter-American Development Bank to channel SDRs to Multilateral Development Banks and signals readiness to bring SDR hybrid capital proposal to the IMF’s […]

At the United Nations’ climate conference COP 28 an African civil society coalition has unveiled its five absolute priorities to fight climate change: adaptation, loss and damage, food systems; land use; and the protection and restoration of forests. The priorities were announced by Secou Sarr, Executive Secretary of ENDA-Tiers Monde, representing a collective of African non-governmental organizations (NGOs) at a side event held on Tuesday 5 December, at the ongoing […]

A syndicate of European Development Finance Institutions (EDFIs) led by Proparco, and including Norfund, DEG, FMO and EFP, has announced a US$200 million Sustainability-Linked Loan to support Ecobank Group’s (www.Ecobank.com) Sustainability and Climate strategy. This is a significant milestone as it is the first ever sustainability-linked loan to a sub-Saharan African financial institution. The facility is linked to two major climate commitments including Climate Disclosures and the definition of a Climate […]

London will host The Best FIFA Football Awards™ 2023 (https://www.FIFA.com); Ceremony to honour world’s best to be held on 15 January 2024; Lionel Messi and Alexia Putellas were among the 2022 winners. The planet’s top players, coaches, fans, goals, and acts of fair play will be recognised in London, England when the eighth edition of The Best FIFA Football Awards™ are held in one of the world’s most passionate football […]

In a major step towards boosting Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency), Dangote (www.Dangote.com) Petroleum Refinery and Petrochemicals plant has purchased 1 million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO), one of the largest trading companies in Nigeria as well as globally, trading over 8 million barrels of crude oil per day. The STASCO cargo contained 1 million barrels from […]

Bridgestone (https://www.Bridgestonetire.com/), a global leader in tyres and sustainable mobility solutions, recently marked a significant milestone with the successful regional launch of its latest innovation, the Bridgestone Dueler All-Terrain A/T002, a premium all-terrain tyre that offers 4x4 drivers complete control on any terrain. The celebratory event, which was hosted recently in the captivating backdrop of Mount Kenya, not only showcased the tyre's capabilities in challenging terrains, but also demonstrated Bridgestone's […]

The African Development Bank Group’s (www.AfDB.org) Affirmative Finance Action for Women in Africa (AFAWA) and Export Trading Group have signed a technical assistance agreement of $1.8 million to strengthen women’s skills in entrepreneurship in four countries. Leadership from both organizations took part in a signing ceremony held Tuesday December 5th on the sidelines of the United Nations; climate conference COP 28 in Dubai, United Arab Emirates. The grant for the […]

The African Development Bank (www.AfDB.org/en) has signed a $20 million Trade Finance Facility Agreement with FSDH Merchant Bank to support small- and medium-sized businesses in Nigeria's industrial and manufacturing sectors. The facility consists of a $15 million Trade Finance Line of Credit to support SMEs and indigenous corporates and a $5 million Transaction Guarantee to support the confirmation of FSDH’s trade finance transactions.  For the $20 million facility availed to […]

On 26 October 2023 in Gitega, the East African Community, the Burundian government and the African Development Bank (www.AfDB.org) Country Office in Burundi officially launched the Agropastoral Entrepreneurship and Professional Development Project for Youth and Women. The initiative will involve the construction of a regional polytechnic and vocational training centre in Rusi, in Karuzi Province, located approximately 50 kilometres from Gitega, the political capital of Burundi. The African Development Bank […]