Latest News Development Bank

Construction & Infrastructure

11/01/2023 at 14h17, by Africa Business+

AFC chair Samaila Zubairu secures comfortable advance from DEG and Proparco

At the end of last year, the pan-African entity secured a cheque from the two European-based institutions.

Commercial banking

03/01/2023 at 17h00, by Africa Business+

Bank of Alexandria secures European Investment Bank backing

This is the second advance from the development institution in five years. 

Development Bank

07/12/2022 at 21h18, by Africa Business+

African Guarantee Fund secures $150m support from UK BII

The pan-African guarantee fund will channel this jointly managed facility into its SME lending portfolio,...

Development Bank

16/11/2022 at 14h19, by Africa Business+

Arise IIP secures $85 million convertible loan from Afreximbank’s FEDA

Arise Integrated Industrial Platforms (IIP), founded by Gagan Gupta, has expanded rapidly over the past...

Development Bank

03/11/2022 at 17h27, by Africa Business+

EBID : George Agyekum Donkor obtains $2 billion capital increase

The project to raise EBID’s authorised capital is part of the 2020-2025 strategic plan deployed by the...

Advisory

28/10/2022 at 15h45, by Africa Business+

Kinshasa hires Finactu as consultants on development bank feasibility study

The firm that had carried out 200 consulting assignments for public and private institutions on the African...

Development Bank

12/10/2022 at 14h56, by Africa Business+

Africa50 convinces NSIA to join its accelerator fund

While the organisation recently welcomed Aminu Umar-Sadiq as its new CEO, one of his predecessor’s latest...

Development Bank

11/10/2022 at 17h35, by Africa Business+

Agaciro Development Fund, first -Rwandan- sovereign wealth fund to take a stake in TDB

Launched more than 12 years ago by Rwandan President Paul Kagame, Agaciro Development Fund has dramatically...

Bank & Insurance

04/10/2022 at 16h15, by Africa Business+

Marc Cagnard heads Business France in sub-Saharan Africa

With a slight increase in staff, the network of eight main offices has also seen some recent movement.

Development Bank

30/09/2022 at 17h00, by Africa Business+

Proparco re-invests in frontier currency guarantee fund TCX

The “Currency Exchange Fund”, initiated by several European development institutions and governments...

Bank

14/09/2022 at 07h46, by Africa Business+

Natixis and the African Development Bank set to finalise new union

The French institution, which is part of the BPCE group, is working on a new operation with the pan-African...

Development Bank

11/09/2022 at 13h32, by Africa Business+

Samuel Chasia becomes interim manager of GuarantCo following Jules Samain’s departure for Arise IIP

The head of this PIDG subsidiary has joined the pan-African logistics group.

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