Egypt’s Arab African International Bank (AAIB) issued Africa’s largest private green bond worth $500 million to fund its sustainable development operations. Three renowned development financial institutions: the IFC, the EBRD, and British International Investment (BII) teamed up in this issuance, subscribing to the entire bond. The bond is also reflective of a strong commitment to […]
The European Bank for Reconstruction & Development has approved a €9.7 Million loan to Fondation Albaraka, one of the largest microfinance institutions in Morocco for on-lending to local micro enterprises. Access to finance through banks remains extremely limited for micro, small and medium-sized enterprises (MSMEs) in Morocco. The EBRD funds will offer much-needed support for […]
African heads of state gathered in Rwanda’s capital Kigali on Sunday (7 April) as the small African nation marks 30 years since the genocide orchestrated by armed Hutu that killed an estimated 800,000 people, mainly ethnic Tutsis. As Rwanda commemorates 30 years after one of the bloodiest massacres of the 20th century, President Paul Kagame […]
