The African Development Bank has signed a $50 million risk participation agreement, APR, with investment and corporate bank Natixis. The 50/50 risk-sharing agreement covers a portfolio of commercial transactions totaling $100 million, which will support commercial operations worth $600 million in Africa over the next three years, said the African financial institution in a press […]
Russian authorities have held talks with heads of Misrata forces aligned with UN-backed Presidential Council in a move to narrow gap between the West-based forces opposed to field Marshal Khalifa Haftar, reports say. An important delegation of forces headed by Abdulhamid Al-Dubaiba assisted by Bunyan Marsous commander Mohamed Essa met in the Russian capital with […]
The African Petroleum Producers’ Organization (APPO) is planning to get its first bank by June 2024 in a move to secure funding for the development of regional energy infrastructure. The organization unveiled the plan during a November 2 meeting in Benin. The bank named as African Energy Bank (AEB) would be launched no later than […]
