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Economy

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39 stories
AfDB Approves $10 Million Trade Finance Guarantee to Exim Bank Tanzania to Support SMEs and Local Corporates AFDB

ABIDJAN, Ivory Coast, September 27, 2025 — The African Development Bank Group (AfDB) has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited, aimed at unlocking and de-risking trade deals for small and medium-sized enterprises (SMEs) and corporates. The facility will provide up to 100% guarantees to international confirming banks against risks of […]

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3 min read
Towncrier Africa
AfDB Review Highlights Inland Fisheries as Lifeline for Millions of Africans AFDB

The AfDB’s Review of African Inland Fisheries calls for urgent investment in restoring aquatic habitats and integrating fisheries into water management, identifying Lake Victoria and Senegal’s Falémé River as priorities.

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2 min read
Towncrier Africa
African Development Bank (AfDB) President Sidi Ould Tah Presses for Scaled-Up Financing and Stronger Partnerships to Realize Africa’s Development Goals AFDB

Dr Ould Tah praised Africa's resilience and commitment in the face of current challenges and stressed the need for development partners to work together to build a new African financial system, drawing on each other's strengths

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3 min read
Towncrier Africa
Africa Finance Corporation (AFC) and ARISE Integrated Industrial Platforms (ARISE IIP) to Headline The Africa Debate – United Arab Emirates (UAE) in Dubai ECONOMY

This year’s forum comes as Africa and the Gulf prepare for COP30, the African Continental Free Trade Area (AfCFTA) moves from negotiation to implementation, and global capital continues to tilt towards the Global South

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4 min read
Towncrier Africa
Ghana’s President Calls for Africa to Own Its Health Security at UN Gathering ECONOMY

Ghana’s President John Dramani Mahama has called on African leaders to own the continent’s health security, urging investment in local manufacturing, sustainable financing, and pandemic preparedness at a UN gathering in New York.

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2 min read
Towncrier Africa
African Development Bank, Republic of Congo sign Memorandum of Understanding (MOU) for hosting of 2026 Annual Meetings AFDB

BRAZZAVILLE, Republic of Congo, September 20, 2025/ — The African Development Bank Group (www.AfDB.org) and the Republic of Congo have signed a memorandum of understanding on the hosting and organization of the Bank’s 2026 Annual Meetings, scheduled to take place in May next year. Anatole Collinet Makosso, Prime Minister of the Republic of Congo, attended […]

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4 min read
Towncrier Africa
African Development Bank to Host Africa Natural Capital Accounting Community of Practice (Africa NCA COP) Secretariat AFRICA

ADDIS ABABA, Ethiopia, September 17, 2025/ — The African Development Bank Group (www.AfDB.org) has officially announced that it will host the Secretariat of the Africa Natural Capital Accounting Community of Practice (Africa NCA-CoP), strengthening its leadership role in integrating natural capital into climate-resilient development strategies across the continent.   As the new host, the Bank Group […]

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3 min read
Towncrier Africa
Afreximbank’s Africa Research and Innovation Hub (ARIH) seeks to unlock US$70 billion annual economic gains for Africa AFRICA

ALGIERS, Algeria, September 16, 2025/ — The African Research and Innovation Hub (ARIH) that was recently launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is seeking to unlock up to US$70 billion annually in economic gains for Africa by boosting innovation-driven sustainable growth. ARIH is expected to catalyse technological sovereignty, intra-African trade, sustainable growth and structural […]

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4 min read
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