Southern Africa is set for an economic rebound in 2021 and 2022, provided the COVID-19 pandemic tapers off, according to African Development Bank (AfDB)
Finance
AfDB and IFC partner to advance economic development in Lusophone African countries
The African Development Bank (AfDB) and IFC, a member of the World Bank Group, on 2 December signed a partnership agreement admitting IFC as the first institutional partner to the Development Finance Compact for Portuguese-Speaking Countries of Africa, or the Lusophone Compact
Tanzania’s GDP poised to top 8% in five years
The Tanzania economy is poised to grow steadily to reach 8% in five years, which hinges on increased positive utilisation of resources and growth in productivity
Verdant Capital advises WIOCC on US$80mn equity capital raise
Verdant Capital has advised WIOCC Holding Company Limited (WIOCC) on an US$80mn equity capital raise
Ecobank Group secures US$112mn credit facility from EIB to fund SMEs
Ecobank Group, one of the leading pan-African banking groups, has signed an agreement for a US$112mn long-term credit facility over nine years with the European Investment Bank (EIB)