News
Posted on: 23-APR-12
Start-ups in East Africa could benefit from a $10-million initiative from Accion, a global non-profit microfinance organisation. Companies in the identified sectors will receive seed capital and management support.
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Posted on: 23-APR-12
Rwanda is looking for investors to rescue eight factories it sold off. Among the factories are Rubirizi Dairy, which is the country’s largest milk processors, and Utexrwa - the only large-scale textile mill in Rwanda.
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Posted on: 18-APR-12
High commodity prices will buoy much of sub-Saharan Africa in 2012, but South Africa will continue to stumble due to its deep ties to crisis-ridden Europe.
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Posted on: 17-APR-12
One of the noteworthy criticisms of Africa at present is the continent's inability to satisfactorily boost intra-African trade. Research Analyst at Frost & Sullivan, James Milne, says boosting the levels of intra-African trade is one of the keys to sustain growth, and that African governments will need to be more proactive.
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Posted on: 16-APR-12
Small and medium-sized enterprises financier, GroFin, said it plans to expand its operations in sub-Saharan Africa.
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Posted on: 16-APR-12
Tanzania has secured a $123-million loan from the Exim Bank of Beijing to construct a wind energy plant in the Central Region. The Singida wind park is expected to have an installed capacity of 1,800 MW when fully operational in the next five years.
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Ghana :
IFC injects US$30m into UT bank
Posted on: 10-APR-12
The International Finance Corporation (IFC), a member of the World Bank Group, will loan US$30-million to UT Bank to finance SMEs in Ghana.
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Posted on: 30-MAR-12
The Overseas Private Investment Corporation (OPIC) will issue $150-million in political risk insurance to support the rehabilitation of the municipal water purification systems in Ghana.
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Posted on: 20-MAR-12
The U.S. Agency for International Development (USAID) and the Japan International Cooperation Agency (JICA) have announced a partnership to promote investment and financing in the water sector across sub-Saharan Africa.
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Cote d'Ivoire :
AfDB approves €25m grant to improve rural agriculture
Posted on: 14-MAR-12
The African Development Bank (AfDB) has granted €25-million (CFA 16.4-billion) to Côte d’Ivoire to finance an agricultural infrastructure support project in the Indénié-Djuablin region.
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Read a selection of the latest African financial and business news or search our archives for business news articles you missed. News stories include articles sourced from various news agencies; business features articles with analysis and opinion; interviews with business news makers; technical advice and success stories.
