Afreximbank
Afreximbank Q1 Profit Rises 25% as Lending Portfolio Reaches $42 Billion
Afreximbank reported a 25% rise in Q1 2026 net income to $268.9 million, with credit exposure reaching $42 billion and liquidity remaining…
Category: Development
Development
Eskom’s Nuclear Funding Talks Test Africa’s Development-Finance Appetite
South Africa’s reported nuclear-expansion talks with the World Bank and other funders are not yet a financing deal, but they raise a…
Africa
Africa’s Borrowing-Cost Fight Moves to the Centre of Global Finance Debate
African leaders are pushing for reforms to global credit-risk pricing, arguing that borrowing costs continue to restrict development finance and infrastructure investment.
Development
Rockefeller Foundation Awarded US$350M+ to Reach 731 Million People Amid 2025’s Historic Decline in Global Aid
The Rockefeller Foundation launched its 2025 impact report, Big Bets, Real Results, detailing the Foundation’s 2025 work, including big bets on Universal…
Afreximbank
JP Morgan Backs Afreximbank’s Bonds After Junk Rating Sell-Off
JP Morgan has upgraded Afreximbank bonds after a sell-off triggered by Fitch’s junk rating, saying the bonds now offer value despite rating…
Afreximbank
Central Bank of Egypt and Afreximbank Move to Establish Pan-African Gold Bank
The Central Bank of Egypt and Afreximbank have signed an MoU to establish a pan-African Gold Bank aimed at formalising gold value…
AfDB
African Development Fund Approves $14.6 Million Grant to Boost Climate Resilience Across the Sahel
The African Development Fund approves a $14.64m grant to expand climate-smart villages and strengthen climate resilience, agriculture, and data systems across the…
AfDB
African Development Fund Approves $14.6 Million Grant to Boost Climate Resilience Across the Sahel
The African Development Fund approves a $14.64m grant to expand climate-smart villages and strengthen climate resilience, agriculture, and data systems across the…
AfDB
African Development Bank Approves $6 Million Grant to Strengthen Disaster Risk Management in Africa
The African Development Bank has approved a US$6 million grant to strengthen Africa’s disaster risk management systems through the African Risk Capacity,…
Development
Mission 300: Can Africa really connect 300 million people to power by 2030?
With almost 600 million people in Sub-Saharan Africa still lacking electricity, Mission 300 has become the region’s most closely watched effort to close the…