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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

New Partnership for Africa's Development-Infrastructure Project Preparation Facility (NEPAD-IPPF) marks 20 years of impact at 40th Oversight Committee Meeting

The meeting, held online on 27th October 2025, brought together donor representatives, partner institutions, Regional Economic Communities and implementing agencies

The NEPAD-Infrastructure Project Preparation Facility (NEPAD-IPPF), a multi-donor special fund hosted by the African Development Bank (https://AfDB.org/), has successfully held its 40th Oversight Committee  Meeting  to take stock of progress and chart a renewed course for Africa’s regional infrastructure transformation. The meeting, held online on 27th October 2025, brought together…

Afreximbank

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    • Ms Gwen Mwaba, Managing Director, Trade Finance and Correspondent Banking at Afreximbank
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Source: Afreximbank |

Afreximbank’s Calls for Stronger Trade Finance Capabilities to Accelerate Inclusive Growth across Africa

The Afreximbank Trade Finance Seminar will explore key themes shaping the future of trade finance in Africa, including the role of digitalisation, data, technology and transparency

Speaking at the opening of the 25th Afreximbank Trade Finance Seminar (ATFS) in Abidjan, Ms Gwen Mwaba, Managing Director for Trade Finance and Correspondent Banking at Afreximbank (www.Afreximbank.com), called for stronger trade finance capabilities and deeper collaboration among African financial institutions to accelerate inclusive and sustainable growth across the continent. …

African Development Bank Group (AfDB)

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    • Léandre Bassolé, Director of the African Development Bank Group for Central Africa (left), and Pedro Abeso Obiang Eyang, Deputy Minister of Finance and Budget of Equatorial Guinea, at the signing of the €58.61 million financing agreement for the Project to Strengthen Human Capital in Support of Economic and Social Inclusion. The signing took place in Bata on 30 October 2025
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Source: African Development Bank Group (AfDB) |

The African Development Bank Group and Equatorial Guinea sign €58 million financing agreement for youth inclusion and employment

The PARCH project aims to improve the quality and availability of training to increase access to employment for young women and men in Equatorial Guinea, helping the private sector to lead economic growth in the country

The African Development Bank Group (www.AfDB.org) and the Republic of Equatorial Guinea signed a €58.61 million financing agreement on 30 October 2025 in the city of Bata for implementation of the first phase of the Project to Strengthen Human Capital in Support of Economic and Social Inclusion (PARCH 1). Léandre…

Mukuru

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    • Mukuru and JUMO partner to launch responsible Artificial Intelligence (AI) powered credit solution in South Africa
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Source: Mukuru |

Mukuru and JUMO partner to launch responsible Artificial Intelligence (AI) powered credit solution in South Africa

Fast Loan set to help customers build credit profiles, alleviate financial pressure, and participate in the formal financial system

Mukuru (www.Mukuru.com), a leading next-generation financial services platform, has partnered with AI-powered banking technology provider JUMO to launch ‘ Fast Loan’, a scalable, mobile-first credit solution designed to address a critical gap in South Africa’s financial ecosystem. According to TransUnion (https://apo-opa.co/4nVVSPL), 16.8 million people in South Africa remain outside the…

Republic of South Africa: The Parliament
Source: Republic of South Africa: The Parliament |

Higher Education Committee Chairperson Notes Dr Stander’s Resignation from National Student Financial Aid Scheme (NSFAS) Board

The committee thanks Dr Stander for her contribution and wishes her well in her future endeavours

The Chairperson of the Portfolio Committee on Higher Education, Mr Tebogo Letsie, has noted the resignation of Dr Karen Stander as Chairperson of the National Student Financial Aid Scheme (NSFAS) Board. Mr Letsie said the committee was shocked to learn of Dr Stander’s resignation. However, he respects her decision and…

African Development Bank Group (AfDB)

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    • A warm handshake between H.E. Mr Denis Sassou Nguesso, President of the Republic of Congo, and Marie-Laure Akin-Olugbade, Senior Vice President, Regional Development, Integration and Service Delivery, African Development Bank Group
    • Discussions during the audience granted to Marie-Laure Akin-Olugbade, Senior Vice President of the Bank Group, and her delegation by H.E. Mr. Denis Sassou Nguesso, President of the Republic of Congo
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Source: African Development Bank Group (AfDB) |

The African Development Bank Group and the Republic of Congo strengthen partnership for economic diversification and regional integration

Bank welcomes progress made towards hosting of 2026 Annual Meetings in Brazzaville

As part of efforts to strengthen the partnership between the African Development Bank Group (www.AfDB.org) and the Republic of Congo, and to advance preparations for the Bank Group's Annual Meetings scheduled to take place in the capital Brazzaville in May 2026, a high-level delegation from the Bank visited the country…

Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
Source: Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) |

Moody’s Reaffirms Islamic Corporation for the Insurance of Investment and Export Credit's (ICIEC) Aa3 Rating Following Periodic Review

The reaffirmation reflects Moody’s continued confidence in ICIEC’s strong financial foundation, prudent risk management, and strategic development mandate

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, has maintained its Aa3 Insurance Financial Strength Rating (IFSR) following Moody’s Ratings’ completion of its periodic review of the Corporation. The reaffirmation reflects Moody’s continued…

Alliance of African Multilateral Financial Institutions (AAMFI)

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    • Alliance of African Multilateral Financial Institutions (AAMFI) and African Union Development Agency–NEPAD (AUDA-NEPAD) Launch USD 1.5 Billion AAMFI Infrastructure Financing Facility (1)
    • Alliance of African Multilateral Financial Institutions (AAMFI) and African Union Development Agency–NEPAD (AUDA-NEPAD) Launch USD 1.5 Billion AAMFI Infrastructure Financing Facility (2)
    • Alliance of African Multilateral Financial Institutions (AAMFI) and African Union Development Agency–NEPAD (AUDA-NEPAD) Launch USD 1.5 Billion AAMFI Infrastructure Financing Facility (3)
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Source: Alliance of African Multilateral Financial Institutions (AAMFI) |

Alliance of African Multilateral Financial Institutions (AAMFI) and African Union Development Agency–NEPAD (AUDA-NEPAD) Launch USD 1.5 Billion AAMFI Infrastructure Financing Facility

Conceived as a continental coordination platform, the Facility bridges the gap between project preparation and financing, promotes standardized investment frameworks, and facilitates blended-finance solutions

The Alliance of African Multilateral Financial Institutions (AAMFI) and the African Union Development Agency–NEPAD (AUDA-NEPAD) have jointly announced the establishment of the AAMFI Infrastructure Financing Facility for African Union Development projects, a major initiative to accelerate infrastructure development across Africa. The announcement was made during the Luanda Infrastructure Financing Summit,…

African Guarantee Fund

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    • Mr. Serge MIAN, Managing Director, African Guarantee Fund (AGF) West Africa
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Source: African Guarantee Fund |

African Guarantee Fund (AGF) West Africa Executive Appointment

Mr. MIAN is an enthusiastic and seasoned professional with more than 20 years in the finance industry worldwide

The African Guarantee Fund (AGF) West Africa (https://AfricanGuaranteeFund.com/) Board has announced the appointment of Mr. Serge MIAN, as the Managing Director in charge of the subsidiary effective 3rd of November 2025. Mr. MIAN is a highly accomplished investment banker has had a sterling career having worked with top employers such…

Islamic Development Bank Institute (IsDBI)

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    • Islamic Development Bank (IsDB) Institute and London Stock Exchange Group (LSEG) Launch Report on Development Traps and the Role of Islamic Finance
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Source: Islamic Development Bank Institute (IsDBI) |

Islamic Development Bank (IsDB) Institute and London Stock Exchange Group (LSEG) Launch Report on Development Traps and the Role of Islamic Finance

The report was launched during the 20th AAOIFI-IsDB Annual Islamic Banking and Finance Conference held on 2 November 2025 in Manama, Bahrain

The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/), in collaboration with the London Stock Exchange Group (LSEG), has officially launched a landmark joint publication titled “Development Traps and the Role of Islamic Finance: An Introduction to Development Challenges Facing IsDB Member Countries.” The report was launched during the 20th AAOIFI-IsDB Annual…