UAES DP World launches e-commerce platform to accelerate global trade. (Image source: Adobe stock)
Currently available in Rwanda, DP World has plans to expand DUBUY.com across Africa
DP World plans to expand DUBUY.com across Africa
Finance
South Africa’s Barko selects Temenos' banking solution
BFS is set to focus on its core business and devote capital and resources to better banking solutions. (Image source: Adobe Stock)
Barko Financial Services (BFS), a microfinance institution in South Africa, has gone live on Temenos software-as-a-service to make it faster and easier for South Africans to access finance remotely during COVID-19
African trade finance sees US$5bn in portfolio outflows in Q1 2020
The survey aims to inform the design of interventions to address market challenges and effectively engage African financial institutions. (Image source: Gerd Altmann/Pixabay)
African trade finance has witnessed US$5bn in portfolio outflows in the Q1 2020 due to COVID-19, but opportunities exist, according to the African Trade Finance Survey Report
ITFC signs US$750mn deal to support Cameroon’s key sectors
ITFC is extending its support to SMEs and private sector through financing facilities to local banks and financial institutions. (Image source: ITFC)
The International Islamic Trade Finance Corporation (ITFC), the Islamic Development Bank Group (IsDB) and the Republic of Cameroon have signed two agreements to support key industries in Cameroon
Africa continues to rank high as a top destination for UAE investors
Data centres in particular are anticipated to grow. (Image source: Elchinator/Pixabay)
The UAE ranks as one of the top five FDI source countries into Africa by capital investment, according to Knight Frank’s Africa Horizons Report 2021/22
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The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
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