An Africa Business Community
The African Development Bank (AfBD) has won the “Best Financial Support in the Power Sector” award presented by Terrapinn* in South Africa. The award recognized the Bank’s range of exceptional financial services for the development of projects. The awards were announced during the Power and Electricity World Africa 2011 conference, which took place in Cape Town from March 28 through April 1.
The AfDB was one of several financial institutions vying for the awards, which are seen as…
Added by Linda Larbie on April 27, 2011 at 3:42pm — No Comments
IFC has entered into a loan agreement with Malta-based FIMBank to help ensure that its client companies in Africa can import the production materials and machinery they need to grow their businesses.
The $60 million loan agreement will help FIMBank to finance trade transactions for emerging market firms in consumer goods, small machinery, raw materials and components. It comes at a time when global volumes of trade finance are decreasing and their costs increasing, due mostly…Continue
Added by Linda Larbie on April 21, 2011 at 2:33pm — No Comments
Manufacturing index 60.3 and non-manufacturing index 58.9, both indicating expansion; manufacturing higher than February; non-manufacturing slightly lower than previous month
The Africa Business Confidence Index (ABCI) for March shows growth in both the index for manufacturing and non-manufacturing sectors in Africa. The difference compared to February in the indices for manufacturing shows a plus of 2.2 and for non-manufacturing a decrease of…
Added by Bas Vlugt on April 1, 2011 at 2:32pm — No Comments