The government of Qatar has signed an agreement with Morocco to provide the north African kingdom a US$1.25bn aid, as a part of its five-year financial assistance package
Finance
AfDB commissions US$25 million fund for infrastructure projects across Africa
The African Development Bank (AfDB) has commissioned a US$25mn Pan-African Infrastructure Development Fund (PAIDF 2), which will invest in power, transport, water and sanitation, information and communication technologies (ICT) and healthcare infrastructure projects across the continent
Sub-Saharan Africa to witness business boom
Africa, home to a billion people and endowed with abundant resources, is now one of the world’s fastest-growing continents
Kenya, Uganda and Tanzania launch cross-border payments system for East Africa
Kenya, Uganda and Tanzania have collaboratively launched an integrated real time cross-border payments system for East Africa, aimed at removing bottlenecks to business and bolster intra-regional trade
Actis energy fund raises US$1.15 billion
Private equity firm Actis has raised US$1.15bn through its third energy fund, which will be used for investment in electricity generation and distribution businesses in Latin America, Africa and Asia