Sudan: Over 1 million displaced people return home despite ongoing conflict

Despite the ongoing conflict and humanitarian challenges in Sudan, over 1 million internally displaced persons (IDPs) have begun returning to their homes, according to a report released on June 5 by the International Organization for Migration. This movement is particularly notable in regions such as Darfur and Kordofan, where many had sought refuge in displacement […]

ADB urges Japanese companies to invest more for ‘promising returns’ in Africa

There is growing interest in Japan by the government, parliamentarians, mega companies and startups to invest more in Africa, as a delegation from the African Development Bank Group (ADB) found during its recent 5-day visit to Japan. Led by ADB President Akinwumi Adesina, the high-powered delegation aimed to showcase the enormous investment opportunities on the […]

IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic

International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]