26 results
- 10 Apr 2025
AFD Commits €3m to Africa’s Financial Inclusion
The Agence française de développement (AFD) is contributing an additional €3 million to the African Development Bank (AfDB)-managed Africa Digital Financial Inclusion Facility (ADFI) to help…
- 10 Dec 2019
NCC, AFD Partner to Copyright Collective Management
A diagnostic study project to review the operations of Collective Management Organisations (CMOs) in Nigeria for enhanced performance has been commissioned by the Agence Française de Développement…
- 12 Oct 2015
GTB Partners AFD for Long Term Financing of SMEs in Nigeria
Guaranty Trust Bank plc, foremost African financial institution, has partnered with Agence Française de Développement (AFD) to launch the N3 Billion Ariz Portfolio Guarantee Scheme, an initiative…
- 19 Jun 2024
IFC, Proparco Partner WIOCC Group to Expand Digital Infrastructure in Africa
A financing package announced from IFC and Proparco for digital infrastructure provider WIOCC Group will fund WIOCC's expansion strategy in three African countries, enhancing the continent's digital…
- 16 Dec 2019
AfDB Approves $5m Grant to Scale up Tony Elumelu Entrepreneurship Programme
The Board of Directors of the African Development Bank (AFDB) has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its outreach and impact…
- 22 Jun 2025
TCN Expands Grid Capacity with 5,910 MVA Boost from Multilateral Projects
Transmission Company of Nigeria (TCN) has announced a major boost to the national electricity grid with the addition of 5,910 megavolt-amperes (MVA) of transformer capacity. The development was…
- 16 Dec 2021
AfDB Board Approves $170M for Investment in Nigeria’s Digital and Creative Start-ups
The Board of Directors of the African Development Bank has approved a loan of $170 million to finance a digital and creative enterprises program in Nigeria. The investment in Digital and Creative…
- 13 Oct 2021
Digital Lab Africa Honours Africa’s Top Digital Arts Innovators
The 5th Digital Lab Africa awards will celebrate top African digital arts innovators at the Fakugesi Digital Arts Festival on 18 October at 6pm GMT (Paris/Johannesburg), 5pm WAT (Lagos), 7pm EAT…
- 29 Oct 2021
Catalytic Africa Goes Live at 2021 AfriLabs Annual Gathering
AfriLabs, in collaboration with African Business Angels Network (ABAN), has officially launched Catalytic Africa, a co-matching fund designed for African startups, at the AfriLabs Annual Gathering…
- 3 Nov 2021
Digital Lab Africa Showcases 2021 Top 7 Africa Digital Arts Innovators from 5 Countries
Leading digital arts innovators platform Digital Lab Africa (DLA) has showcased the work of its winners of the 5th Digital Lab Africa awards at the Fakugesi Digital Arts Festival in South Africa. The…
- 21 Mar 2022
IFC, African and European Partners Launch Alliance to Support SMEs in Africa
To support a stronger private sector, entrepreneurship and the growth of small and medium-sized businesses across Africa, African, European, multilateral and bilateral partners today launched the…
- 16 Mar 2023
Nigeria Unveils $618m Investment to Create Digital Skills, Jobs
Nigeria has unveiled a $618 million investment programme, to promote innovation and entrepreneurship in the digital, technology and creative industries targeted at job creation. Nigeria vice…
- 29 Sept 2023
Proparco Marks 15 Years in Nigeria with $1Bn Worth of Investments
Proparco, a French development finance institution, is proud to mark 15 years of operations in Nigeria with a total of USD 1B invested over the period. Since its inception in Nigeria in 2008,…
- 22 Mar 2024
FG Reportedly Spent $630m on Leaking National Database
Nigeria has pumped at least $630 million into its leaking National Information Management System since 2011, according to The Foundation for Investigative Journalism (FIJ). FIJ reports recently…
- 16 Jul 2025
France Moves to Tackle Online GBV in Africa with $4.3m Funding
France has unveiled a $4.3m grant to combat technology-facilitated gender-based violence (TFGBV) against women across Africa and the Middle East. The multi-million-dollar financial funding being…
- 22 Jul 2025
Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth
Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th…
- 7 Nov 2025
Nigeria’s $618m Tech Incubator Debuts
Nigeria made its first direct investment to support technology-enabled startups, as it seeks to back a sector that has already grown commercial capital Lagos into a key tech hub for Africa, according…
- 11 Nov 2025
Proparco, Ecobank Seal €10m Trade Finance Deal for SMEs
Proparco and Ecobank Group have signed a €10m trade finance guarantee for Small and Medium-sized Enterprises (SMEs) in Africa The €10m trade finance guarantee facility was signed for Ecobank Chad to…
- 2 Oct 2013
AfDB Invests $70m n PTA Bank to Boost Trade in Africa
Board of Directors of the African Development Bank (AfDB) has approved a financial package consisting of $20 million in additional equity and a $50-million line of credit (LOC) to finance projects in…
- 30 Jun 2026
Bank of Industry Appoints Kuramo Capital as Manager of Dice Fund of Funds
The Bank of Industry (BOI), the Implementing Agency for the Investment in Digital and Creative Enterprises (iDICE) Programme of the Federal Government of Nigeria, has announced the appointment of…
- 10 Sept 2015
Adesina Pushes for New Deal on Energy for Africa
Akinwumi Adesina, President of the African Development Bank, speaking to a delegation of Ministers representing more than 40 nations spanning the globe, pushed for a New Deal on Energy in Africa to…
- 22 Feb 2016
Insurance Bodies urges Closer Cooperation to Boost Investments in Africa
Over 30 participants from 18 institutions that provide guarantees and insurance in Africa gathered in Abidjan, Côte d’Ivoire, for the Abidjan Union, the first pan-African meeting of export credit and…
- 23 Jun 2020
NCC to Overhaul Collective Management of Rights as Nigeria Marks World Music Day
Better days are ahead for the music industry in Nigeria as the Nigerian Copyright Commission (NCC) braces up to overhaul the regulatory framework for collective management of copyright to ensure…
- 16 Oct 2020
Digital Africa Secures €130m Funding for African Start-ups
Digital Africa has secured €130 million in funding from the French government, to support African start-ups. Launched in 2018 by the French Development Agency, Digital Africa’s mission is to promote…
- 27 Jul 2021
Convergence Partner Secures $120M Fund to Drive Digital Inclusion in Africa
Convergence Partners, a private equity investor focused on the technology sector across sub-Saharan Africa, announced the successful first close of its third fund, the Convergence Partners Digital…
- 8 Oct 2021
French Govt Commits €130m to 500 Tech Startups Across Africa
Yesterday at the New Africa-France Summit, President Emmanuel Macron announced a renewed financial commitment of €130m for the next three years and defined Digital Africa’s new ambitions to support…