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Arab Coordination Group (ACG)

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    • Mauritania roundtable raises US$2 billion pledge from the Arab Coordination Group in development funding
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Source: Arab Coordination Group (ACG) |

Mauritania roundtable raises US$2 billion pledge from the Arab Coordination Group in development funding

During the roundtable, the government of Mauritania presented a portfolio of priority investment projects

Mauritania’s national development program will see a strong boost with a US$2 billion pledge made by the Arab Coordination Group (ACG) (www.TheACG.org) at a high-level roundtable held in Vienna, Austria. The event was chaired by the President of Mauritania, Mohamed Ould Cheikh El Ghazouani, and was hosted by the OPEC…

African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber (AEC): It’s Time for the World Bank to End the Ban on Upstream Financing and Tackle Africa’s Energy Poverty Crisis

The African Energy Chamber urges the World Bank to end its ban on upstream oil and gas financing, emphasizing that unlocking Africa’s hydrocarbon resources is essential to lifting hundreds of millions of Africans out of energy poverty and driving sustainable development across the continent

The African Energy Chamber (AEC) (www.EnergyChamber.org) is calling on the World Bank to end its ban on financing upstream oil and gas projects, urging the institution to align with Africa’s urgent need to eradicate energy poverty and achieve sustainable development. Lifting this ban is essential to unlocking the continent’s hydrocarbon…

Mukuru
Source: Mukuru |

Mukuru Named FXC Intelligence Top 100 Cross-Border Payments Company for Sixth Year

This recognition reaffirms Mukuru’s vital role in enabling Africans to participate in the global financial economy through provision of secure, accessible, reliable and affordable payments solutions

Mukuru (https://www.Mukuru.com), a leading next-generation financial services platform, has once again been recognised among the world’s most influential cross-border payment companies, earning a spot on the 2025 FXC Intelligence Cross-Border Payments 100 list for the sixth consecutive year. Mukuru joins an elite group of global fintechs shaping the future of…

African Development Bank Group (AfDB)

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    • African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity
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Source: African Development Bank Group (AfDB) |

African Development Bank approves €19.6 million in financing to scale up Cabo Verde’s pioneer in wind and battery storage capacity

The project advances Cabo Verde’s goal of generating 50% of its electricity from renewables by 2030 as well as its Nationally Determined Contribution under the Paris Agreement

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €19.6 million financing package to support the Cabeólica Phase II Expansion Project in Cabo Verde. The project is the country’s first renewable energy initiative to integrate wind power generation and battery energy storage systems (BESS) at…

Arab Coordination Group (ACG)

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    • Arab Coordination Group (ACG) provided US$ 19.6 billion in 2024 to promote global sustainable development
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Source: Arab Coordination Group (ACG) |

Arab Coordination Group (ACG) provided US$ 19.6 billion in 2024 to promote global sustainable development

This significant financing was geared towards developing critical infrastructure, addressing global challenges like climate change and food security, and supporting international trade

The Arab Coordination Group (ACG) (https://TheACG.org/), the world's second-largest development finance group, extended US$19.6 billion collectively to fund nearly 650 operations in more than 90 countries in 2024. This significant financing was geared towards developing critical infrastructure, addressing global challenges like climate change and food security, and supporting international trade.…

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

African Development Bank, British International Investment and European Bank of Reconstruction and Development support pioneering solar and battery storage project in Egypt with $476 million loan

The project’s blended financing of $475.6 million corresponds to approximately 80 per cent of the total estimated capital expenditure of $590 million

Egypt's first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand.  It is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million tons of emissions annually, supporting Egypt’s decarbonisation goals. The African Development Bank (www.AfDB.org),…

The World Bank Group
Source: The World Bank Group |

Two New World Bank Reports Offer Roadmap for Sierra Leone's Sustainable Growth Amid Climate Threats

Sierra Leone ranks among the 15 worst climate-affected economies, with projected temperature increases and erratic rainfall patterns threatening agriculture and infrastructure, potentially causing GDP losses of 9-10% by 2050

The World Bank today launched the Sierra Leone Country Economic Memorandum (CEM) and the Country Climate and Development Report (CCDR), two core analytical reports that provide essential insights into the country’s economic and climate challenges, offering strategic pathways for sustainable growth and resiliencee. “These reports provide a comprehensive roadmap for addressing the economic…

KnowBe4
Source: KnowBe4 |

Social Engineering 2.0: When artificial intelligence becomes the ultimate manipulator

From fake bank alerts to long-lost Nigerian princes, these scams have traditionally relied on generic hooks and low-effort deceit. But that’s changed, and continues to

Once the domain of elite spies and con artists, social engineering is now in the hands of anyone with an internet connection – and AI is the accomplice. Supercharged by generative tools and deepfake technology, today’s social engineering attacks are no longer sloppy phishing attempts. They’re targeted, psychologically precise, and…

Afreximbank

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    • Prof. Benedict Oramah, Afreximbank's President and Chairman of the Board of Directors and Dieudonné Evou Mekou, President of BDEAC display folders containing the signed agreements
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Source: Afreximbank |

Banque de Développement des États de l'Afrique Centrale (BDEAC) secures EUR 100-million trade finance facility from Afreximbank

Prof. Benedict Oramah, Afreximbank's President and Chairman of the Board of Directors, signed for the Bank, while Dieudonné Evou Mekou, President of BDEAC, signed for his organization

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to provide the Banque de Développement des États de l'Afrique Centrale (BDEAC) with EUR 100-million trade finance facility to support critical regional integration projects in the Central African Economic and Monetary Community (CEMAC). The facility would also support the upgrading of…

Presidency of the Arab Republic of Egypt
Source: Presidency of the Arab Republic of Egypt |

Egypt: President El-Sisi Meets the Managing Director of the International Finance Corporation

The meeting explored opportunities for joint efforts to enhance investment flows into Egypt and to facilitate financing for the private sector

Today, President Abdel Fattah El-Sisi met with Managing Director of the International Finance Corporation (IFC), Mr. Makhtar Diop. The meeting was also attended by Vice President and General Counsel for IFC, Mr. Ethiopis Tafara, and Minister of Planning, Economic Development, and International Cooperation, Dr. Rania Al Mashat. Spokesman for the…