Afreximbank Raises Caricom Financing Cap to  Billion to Accelerate Regional Transformation

Afreximbank Raises Caricom Financing Cap to $5 Billion to Accelerate Regional Transformation

Afreximbank President, Dr George Elombi addresses the 50th Regular Meeting of the Conference of Heads of Government of the CARICOM in Basseterre, St. Kitts and Nevis Pan African Multilateral Bank, African Export-Import Bank (Afreximbank), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing its regional financing limit from US$3 billion…

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Afreximbank Raises Caricom Financing Cap to  Billion to Accelerate Regional Transformation

Africa: Global Fund Board Welcomes Final Eighth Replenishment Outcome of U.S.$12.64 Billion, Backs Strategic Shifts to Advance Countries’ Path to Self-Reliance

Geneva — The Board of the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) welcomed the final outcome of the partnership’s Eighth Replenishment – US$12.64 billion – at its 54th meeting on 12-13 February. “This remarkable result, achieved in a challenging global context, reflects the strong support for the Global Fund’s lifesaving…

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Africa: South Africa Secures Full Afreximbank Membership with US Billion Programme to Enhance Trade and Create Jobs

Africa: South Africa Secures Full Afreximbank Membership with US$8 Billion Programme to Enhance Trade and Create Jobs

South Africa has become a full member of the African Export-Import Bank (Afreximbank), the continent’s largest trade institution, and has qualified for an initial $8 billion financing package that will help boost the mining, automaking and manufacturing sectors. Speaking at the signing ceremony in Johannesburg, President Cyril Ramaphosa welcomed the agreement which he said “will…

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Apple acquires Israeli AI startup Q.ai for  billion

Apple acquires Israeli AI startup Q.ai for $2 billion

Apple has significantly bolstered its artificial intelligence ambitions by acquiring the Israel-based startup Q.ai. While Apple has not officially disclosed the financial terms, reports from the Financial Times value the transaction at nearly $2 billion. If confirmed, this would represent Apple’s second-largest acquisition in history, eclipsed only by the $3 billion purchase of Beats in…

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