lebanon-cannabis plantation in Bekaa Valley

UK-based BII, African Guarantee Fund ink $75m pact to fund SMEs across Africa

UK-based finance institution British International Investment (BII) and the African Guarantee Fund (AGF) have signed a $75 million re-guarantee agreement for small and medium enterprises (SMEs) across Africa, Zawya reports. The fund, according to BII, will provide credit guarantees to partner financial institutions for up to 75% of the risk on SME loans, thus increasing […]

AFRICAN DEVELOPMENT BANK GRANTS MOROCCO 100 MILLION EUROS FOR INCLUSIVE AGRICULTURE

The African Development Bank has approved 100 million euros in financing for Morocco’s inclusive agriculture program targeting women and youth, aiming to enhance food security and climate resilience while creating sustainable rural entrepreneurship opportunities. The Support Program for Inclusive Solidarity Agriculture for Women and Youth (PAASIFEJ) will stimulate entrepreneurship in rural areas through adapted financing […]

US seeks to boost trade, political ties with Africa to catch-up with China, Russia

The US-Africa Leaders summit kicked off Tuesday (13 December) in Washington, D.C., with a full agenda that includes topics ranging from climate adaptation and energy transition to peace, security and governance. As President Joe Biden is hosting 49 African heads of state in the nation’s capital, some analysts see it as the United States “playing […]