S&P Global Downgrades Senegal’s Sovereign Rating Due to Worrisome Debt Level
With a Debt-to-GDP reaching 118%, Standard & Poor’s (S&P) Global has downgraded the sovereign rating of Senegal to B- on
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Finance
DFC Approves Investments in Africa to Secure Critical Mineral Supply Chains
During its quarterly board meeting, the US International Development Finance Corporation (DFC) approved two new investments that will reinforce the
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Tanzanian CRDB Bank Issues Inaugural Green Bond on Luxembourg Stock Exchange
Official Listing of Tanzania’s CRDB Bank Green Bonds on Luxembourg Stock Exchange
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CDP Provides $300M for Lobito Corridor Development
On 20 June 2025, Italian DFI Cassa Deposito e Prestiti (CDP) announced that it has approved a USD 300 million
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Mauritius Operationalizes First Offshore RMB Clearing Center in Africa
On 12 June 2025, the Renminbi (RMB) Clearing Center was officially operationalized during a ceremony at the InterContinental Hotel in
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Gates to Support African Development by Donating 99% of $200B Fortune
On 2 June 2025, Gates Foundation Founder and Chair, Bill Gates, paid a courtesy visit to newly elected African Union
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BII Invests $5M in ‘Boda Boda’ to Electrify Motorcyle Business in Kenya
On 22 May 2025, the British International Investment (BII) — UK’s Development Finance Institution (#DFI) — announced an investment of
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CATL’s IPO in Hong Kong Raised $4.6B, World’s Largest So Far in 2025
As one of the most anticipated initial public offerings (IPO) for 2025, CATL managed to raise HKD 35.7 billion ($4.6B)
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Afrexim Bank to Set Up $1B African Film Fund to Boost Creative Industry
Via its impact investment arm known as the Fund for Export-Development in Africa (FEDA), the African Export-Import (Afrexim) Bank will
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Nigeria Becomes 19th African Country to Join Asia Infrastructure Investment Bank (AIIB)
On 5 May 2025, the Federal Executive Council of Nigeria ratified the full membership of Nigeria the Asia Infrastructure Investment
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