The Board of Directors of the African Development Bank Group has approved a $200 million Trade Finance Line of Credit facility between the African Development Bank and Trade and Development Bank (TDB). The facility is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa,…
Aukera, the pan-European battery storage and renewable energy platform backed by AtlasInvest, Reggeborgh and SFPIM (Belgium’s sovereign wealth fund), announced the closing of its €460 million structured credit facility, for which EIG, a leading institutional investor in the global energy and infrastructure sectors, served as the lead investor. With the financing in place, Aukera moves…
Helios Towers operates one of Africa’s independent telecommunications tower platforms. Standard Bank, Africa’s largest bank by assets and market capitalisation, has partnered with Helios Towers to provide a $29 million (R479 million) Social Documentary Credit Facility. According to the financial services company, this transaction marks Standard Bank’s first Documentary Credit Facility structured in a Sustainable…
Two people are dead and one is in critical condition after a “chemical release” at a West Virginia manufacturing facility, officials said Wednesday. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The incident occurred at 9:46 a.m. at Catalyst Refiners, Inc. Institute in Kanawha County, authorities said in…
Intel has announced a strategic partnership to help Elon Musk design and construct his ambitious Terafab in Austin, Texas. The facility is a joint venture between Musk’s various enterprises, including Tesla, SpaceX, and xAI, dedicated to manufacturing the specialized hardware required for large-scale AI projects. Read: ShopriteX debuts Pixie, an AI assistant for Sixty60 First…
Executives from Google and Cassava, with communications minister Solly Malatsi. Pan-African cloud and cyber security services provider Liquid C2 has launched what it claims is Africa’s first artificial intelligence (AI) and cloud experience centre, based in Johannesburg. The company says the Partner Experience Centre, developed in partnership with Google Cloud, will support partners and resellers…
African Export-Import Bank (Afreximbank) has successfully concluded a new three-year Dual Tranche Syndicated Term Loan Facility totaling US$2 billion equivalent (raising US$1.73 billion and €228 million in US$ Facility A and EUR Facility B respectively). Proceeds from the facility, concluded on 9 March 2026, will be used by Afreximbank to refinance existing facilities and for…
The U.S. and Israel unleashed a major attack on Iran on Saturday in what President Trump said was designed to wipe out the regime’s military capabilities and eliminate the threat of the country creating a nuclear weapon. Iran’s Supreme Leader Ayatollah Ali Khamenei was killed the strikes, Mr. Trump said late Saturday afternoon. A map…
African Heads of State and Government on February 14, 2025, formally launched the Africa Infrastructure Financing Facility (AIFF), a coordinated, Africa-led platform designed to accelerate the preparation and facilitation of financing for priority cross-border infrastructure projects aligned with Agenda 2063. The launch took place during the Third Presidential High-Level Dialogue of the Alliance of African…
In a transformative boost to the Caribbean’s transport network,African Export-Import Bank (Afreximbank) has announced the disbursement of a US$100 million Receivables Discounting Facility to Bahamas Striping Group of Companies Ltd (BSGC). This funding is to assist with the financing of the rehabilitation and construction of over 200 miles of critical road infrastructure across The Bahamas….
