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Women owned enterprises in Nigeria secure $50 million

Women owned enterprises in Nigeria secure $50 million

October 18, 2018

The African Development Bank has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium sized, and women-owned enterprises in selected transformative sectors, including close…

Mauritius joins Africa50

Mauritius joins Africa50

August 30, 2018

The Republic of Mauritius became the 30th shareholder of Africa50, the pan-African investment platform.

AU pleas donors to sustain Greet Green Wall program

AU pleas donors to sustain Greet Green Wall program

August 3, 2018

The Africa Union Commission (AUC) urges international development partners of the continent to finance its Greet Green Wall program, which aims to restore one billion hectares of African forest by 2063 with…

Paylater app reaches one million downloads in Nigeria

Paylater app reaches one million downloads in Nigeria

August 2, 2018

In Nigeria, a country of nearly 200 million people, 61% of the adult population is underbanked. Fintech companies like Paylater represent a tremendous opportunity to get formal banking services in the hands…

Africa electricity index examines 15 countries performance

Africa electricity index examines 15 countries performance

June 21, 2018

Electricity Regulatory Index for Africa (ERI), new report by the African Development Bank measures the level of development of regulatory frameworks in 15 African countries. The report identifies areas in which improvement…

FDI to West Africa fell 11% to $11.3 billion

FDI to West Africa fell 11% to $11.3 billion

June 7, 2018

Foreign Direct Investment (FDI) to West Africa fell by 11% to $11.3 billion in 2017 as compared to the previous year, according to World Investment Report 2018 released today.