The financing will help Nigerian investors focus on low carbon energy
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
The new business financing will support investment by manufacturing, agriculture, services and trading companies across the country
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 will expand its plastics recycling capacity in Africa
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
The grant will contribute to the Institutional Capacity Building for the African Union Project
The African Union Commission (AUC) will benefit from an US$11.48mn grant from the African Development Fund to strengthen its governance and provide it with institutional support
The programme will borrow from Kenya’s BimaLab I, BimaLab II and global best practices. (Image source: Adobe Stock)
FSD Africa and Nigeria’s National Insurance Commission (NAICOM) have partnered to launch BimaLab, an accelerator programme designed to boost the development and adoption of digital solutions for the insurance sector
