AIC News

The head of the African Development Bank, Dr. Akinwumi Adesina, met with Nigerian President Muhammadu Buhari in Abuja on Tuesday to discuss the impact of the Russia-Ukraine war and the Bank’s strategy to avoid a food crisis in Africa.

Access Holdings Plc yesterday reassured its shareholders that its transition to a holding company structure will lead to increased returns in the years ahead.

AXA Partners, the subsidiary of the AXA Group specializing in assistance services, travel insurance and borrower & provident insurance, and Mehdi Tazi announce today that they have entered into an agreement whereby AXA Partners sells to Mr. Tazi via the entity Expanso his stake in AXA Assistance Morocco.

The Private Equity & Venture Capital Association (AVCA) says Africa attracted a record $7.4 billion in private capital in 2021, more than double the year before.

A R720-million funding package to help make more buildings “green” in South Africa is just one step towards reducing weather catastrophes such as devastating floods and runaway fires, which have had a disastrous impact on the country.

British billionaire Sir James Ratcliffe has entered the Kenyan car market with the appointment of a dealer that will distribute a 4×4 utility vehicle Grenadier which resembles the classic Land Rover Defender.

Minister of Electricity and Renewable Energy Mohamed Shaker stated in October that green hydrogen would be introduced in the 2035 Energy Strategy. Since then, the government made significant steps to turn the plan into a reality.

This fourth round of financing of $54.8 million will benefit almost 69,000 women entrepreneurs in developing economies with access to digital technology and finance.

The Board of Directors of the African Development Bank has approved two loans amounting to $180 million to co-finance a major energy project that will extend electricity access to rural areas and reduce greenhouse gas emissions in Rwanda.

The Nigerian National Petroleum Company (NNPC) will fully become a limited liability company from 1 July 2022 and operations will comply with the Companies and Allied Matters Act of 2020.