AIC News

At the Turkey-Africa Partnership Summit 2021, representatives of Turkey and African nations discussed how to cooperate to deliver “Enhanced Partnership for Common Development and Prosperity” across crucial sectors such as health care, education, and agriculture – all of which Turkey is a world leader.

The secretary-general of the African Continental Free Trade Area wants Asian investors to seize the opportunity offered by the continent’s 1.3 billion people and $3.4 trillion economic bloc.

Invictus Capital has unveiled its first non-fungible token collection, called “Out of Africa,” through the Invictus NFT Lab. Through this collection, Invictus Capital will showcase fine art via blockchain technology as well as connect artists from Africa with the rest of the world.

Development finance institutions funded by the G7 nations have announced the launch of a new platform designed to boost investment in fragile and conflict-affected states in Africa.

Ecobank Group’s (www.Ecobank.com) Commercial Banking business has partnered with five insurance companies (OLD MUTUAL, ALLIANZ, SUNU, SANLAM & NSIA) to offer a range of Bancassurance solutions to Ecobank’s Small and Medium-sized Enterprise (SME) customers across markets where Ecobank operates.

The management of Alitheia IDF (AIF), Africa’s first women-led and women-focused private equity fund, has announced the final close of the $100 million fund with European Investment Bank (EIB) joining as the closing investor with $24.6 million.

Off-grid renewable energy provider Winch Energy has opened a crowdfunding campaign to fund solar off-grid development to connect people in Sierra Leone and Uganda to clean power.

The ECOWAS Commission and the French Development Agency (AFD) at the weekend signed a New Grant Agreement of €8 million to Support the Food Security Storage System in West Africa.

Cassava Technologies (CassavaTechnologies.com), Africa’s first integrated tech company of continental scale, today announced that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., Ltd (Mitsui).

The OMVS’s overall objectives are to increase food security, produce energy, reduce poverty, and promote the free movement of goods and services.