EU aid package to bolster Ghana’s security forces part of bid to help stabilize Sahel

The European Union has provided a 50 million-euro military aid package to Ghana to bolster its security forces amid a surge in violent extremist activities by armed groups linked to al-Qaeda and the Islamic State. The donation, made during a handover ceremony in Accra on Wednesday (26 February), includes advanced communication systems, riverine assets, and […]

IFC to support Morocco’s major development, investment reforms

The International Finance Corporation (IFC) intends to support the Moroccan government in its multiple reforms to ensure post-Covid economic recovery and plans to invest $300 million for fiscal year 2021. In this vein, the IFC and the Ministry of Economy and Finance signed Wednesday Wednesday a memorandum of understanding to strengthen their partnership and stimulate […]

AfDB launches transaction guarantee to support SMEs, trade in Africa

The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]