During his tour of a tour of three West African countries, United States Congressman Gregory Meeks has warned that the US will only be part of the future if it invests in Africa now
Finance
UK provides concessional financing alongside InfraCredit to mobilise pension and insurance investments
The UK is providing up to approximately US$11.2mn of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments
World Bank building human capital in Democratic Republic of Congo
The World Bank has endorsed a country partnership framework (CPF) for the period of 2022-2026 in support of stabilisation and development in the Democratic Republic of Congo (DRC)
Commercial Bank Cameroun and EIB unveils COVID resilience business financing initiative
The European Investment Bank (EIB) has agreed to support US$13.6mn of new long-term financing for entrepreneurs and businesses across Cameroun with leading local partner Commercial Bank
Averda to enhance plastics recycling capacity
Averda, the international waste and recycling company, has been approved for a US$45mn investment loan from the US International Development Finance Corporation (DFC) for the development, construction and operation of plastics recycling facilities in Africa and India