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.
MOROCCO
In a commanding performance, Morocco defeated Egypt 6-0 to claim the bronze medal in men’s football at the Paris 2024 Olympics. The match, which took place in the third-place playoff, saw Morocco dominate from start to finish, leaving Egypt with little chance to respond. The Moroccan team’s relentless attack resulted in the largest margin of […]