Finance

ICD and A-eTrade Group sign MoU to boost Africa’s economic transformation

ICD MoUDuring the 33rd Ordinary Session of the Assembly of the Heads of State and Government of the African Union summit, Islamic Corporation for the Development of the Private Sector (ICD) signed an MoU with the A-eTrade Group to advance Africa’s economic transformation under Agenda 2063

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Standard Chartered Bank arranges US$1.46bn to fund Standard Gauge Railway

Standard Chartered CEO Sanjay Rughani with Minister of Finance and Planning Hon. Phillip Mpango02The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered Tanzania for a US$1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora

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AU Summit: Report on Agenda 2063 implementation unveiled

AU agenda reportThe African Development Bank (AfDB), the United Nations (UN) and the African Union (AU) have acknowledged the significant progress made in implementing Agenda 2063 and urged African countries to go further to fast-track economic transformation

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Nigerian Aella raises US$10mn from HQ Financial Group

Aella co foundersNigerian fintech start-up Aella has raised a US$10mn debt financing round from HQ Financial Group (HQF), Singapore-based private company specialising in new material science, semiconductor and blockchain financial investments

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‘Understanding Africa’s urban geography is a top priority’

urbanisation swotPolicymakers need to profoundly understand Africa’s growing urban geography that is set to seize new opportunities, according to the Sahel West Africa Club/ Organisation for Economic Co-operation and Development (SWAC/OECD) report

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