The Government of Zambia is set to secure $185.5 million funding from the International Monetary Fund (IMF). This is announced following the Staff-Level Agreement on the Fourth Review of the Extended Credit Facility the IMF reached with Zambia on Monday. An International Monetary Fund staff team, led by Mercedes Vera Martin, engaged in discussions with …
Zambia to secure $185.5 million from IMF – etbaba.com Read More »
The fully state-owned telecom operator in Ethiopia, Ethio Telecom has announced offering share to the public worth 100 billion Birr. As of today 100, million Birr shares if offered as the first-round regular stock sales. It is recalled that the government has announced its intention to sell 10 percent of Ethio Telecom’s share to the …
Ethio Telecom offers 100 billion Birr shares to public – etbaba.com Read More »
The African Trade & Investment Development Insurance (ATIDI), and the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group, part of World Bank Group Guarantees, have signed a three-year partnership to accelerate foreign direct investment across Africa. This is the second agreement between the two organizations aimed at maximising development impact, according to the …
A new report published today by British International Investment has revealed that a UK-backed mobile network operator has helped millions of Ethiopians to access superfast 4G mobile internet across the country. Safaricom Ethiopia, which was founded with investment from a consortium that comprised of BII, IFC, Safaricom, Sumitomo Corporation, Vodacom and Vodafone Group, was awarded …
British-backed network connects millions in Ethiopia – etbaba.com Read More »
The African Development Bank (AfDB) has made a strategic equity investment of $10 million in Dhamana Guarantee Company, a Nairobi-based provider of guarantees to support sustainable growth enterprises. This follows an anchor investment from the UK-Government-backed Private Infrastructure Development Group through its subsidiary, InfraCo Africa. Dhamana will also receive equity investments from County Pension Fund …
African Development Bank invests in Kenyan company – etbaba.com Read More »
Control Risks, the global investment risk assessment agency, and its economics consulting partner, Oxford Economics Africa, launch of the ninth edition of the Africa Risk-Reward Index highlighting key opportunities and challenges. This authoritative report is designed to provide policymakers, business leaders, and investors with a comprehensive guide to navigating the evolving investment landscape across key …
Control Risks, Oxford Economics launch Africa Risk-Reward Index – etbaba.com Read More »
The African Development Bank (“AfDB”), rated Aaa (Moody’s) / AAA (S&P) / AAA (Fitch) / AAA (Japan Credit Rating), has launched and priced a new $2 billion 5-year Social Benchmark transaction due 18 September 2029. The launching coincided with the 60th anniversary of the founding of the AfDB. The bond was launched on Tuesday 10 …
AfDB launches $2 billion 5-year social benchmark transaction – New Business Read More »
Since the start of the Biden-Harris Administration in January 2021, the U.S. government, through the Prosper Africa Initiative, has closed 1,695 deals valued at $63.5 billion in 41 African countries. Since the start of the Biden-Harris Administration in January 2021, the U.S. government, through the Prosper Africa Initiative, has closed 1,695 deals valued at $63.5 …
Africa, US investment and trade on the rise – New Business Read More »
The team from Ethiopia won at the Huawei Seeds for the Future 2024 Training Program, which was held in Morocco (Essaouira) from July 3rd to July 9, 2024. This training involved 17 African countries (East, North, West, and Central Africa). Ten Ethiopian students from eight universities were given the opportunity to participate in the training. …
Ethiopia won at Huawei Seeds for Future 2024 in Morocco – New Business Read More »
A high-level donor delegation that included the African Development Bank has expressed strong admiration for the Cabo Verde Tech Park during a recent visit, highlighting its rapid growth, full occupancy, and role in diversifying the country’s economy. The delegation – which also included representatives of the European Union, World Bank, and the governments of Portugal, …
African Development Bank applauds Cabo Verde’s tech park – New Business Read More »