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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 […]

Central African nations adopt new public procurement code

Ministers of the Steering Committee for the Institutional Reform of the Economic Community of Central African States (ECCAS) have adopted a new Community public procurement code. This new governance instrument, which contributes to the revision of the ECCAS Financial Regulation, aims to regulate the procurement process in the regional bloc and institutions of the sub-region. […]

U.S. company to develop Africa’s largest green hydrogen project in Morocco

U.S. Verde Hydrogen Company, a global leader in the transition to carbon zero hydrogen solutions, has said lately it signed an agreement to develop and commission a 2MW green hydrogen electrolyzer project in Morocco. The project, which will be completed in early 2024, represents a breakthrough development to both the Boston-based company and the green […]