BUSINESS
Africa Finance Corporation’s portfolio company Infinity Power has achieved financial close on the 200MW Ras Ghareb Wind Farm in Egypt, securing $153 million in financing from EBRD, Proparco, and JICA. Once complete, the project will power 300,000 homes and cut 390,000 tonnes of CO₂ annually.
AFREXIMBANK
The African Export-Import Bank (Afreximbank) honoured outgoing President Prof. Benedict Oramah with a legacy conference in Cairo, celebrating a decade of transformative leadership that expanded the Bank’s assets eightfold and deepened intra-African trade through landmark initiatives like PAPSS and the AfCFTA Adjustment Fund.
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