Trade Finance |

Africa-India partnership: an opportunity for project financing in Africa

Abidjan, Cote d’ Ivoire (Capital Markets in Africa):- Africa-India Partnership Day was one of the major events of the 2015 African Development Bank Annual Meetings. Jointly organized on May 27 in Abidjan by the AfDB’s Private Sector Department and the Export-Import Bank of India, it brought together financiers, sponsors, contractors, researchers and other key actors of Africa and India’s private sector for networking and identifying business opportunities mutually beneficial for the continent and India. The…

Tanzania signs up for customs deal alongside Kenya, Uganda and Rwanda

Posted on by The Editorial Team

Dar es Salaam, Tanzania (Capital Markets in Africa):- Tanzania has joined Kenya, Uganda and Rwanda in fast tracking the movement of goods along the main corridors (Northern and Central) under the customs seals in the COMESA region. This follows the signing of an inter-surety agreement by Tanzania’s National Insurance Corporation (NICT) to join the COMESA Regional Transit Guarantee (RCTG) scheme thereby allowing the country to issue regional customs bond guarantees. The RCTG Scheme is a customs transit…

Tanzania gets $45 mln World Bank loan to improve mining sector

Posted on by The Editorial Team

DAR ES SALAAM (Reuters) – The World Bank has approved a $45 million loan for Tanzania, Africa’s fourth-biggest gold producer, to help improve its mining sector especially among small-scale producers. The funds will help to create a viable domestic mining industry in poor, rural areas where unregulated artisanal and small-scale mining takes place, Philippe Dongier, the Bank’s country director for Tanzania, said in a statement. The project will train small-scale miners in jewellery-making and help…

Rwanda exports projected to grow by 6%

Posted on by The Editorial Team

The government projects exports to rise from US$723.1 million earned in 2014 to $764.4 million in 2015 a projected 6% growth for this year. “Last year’s export performance of 3% was because of the performance of tea and minerals which were affected by low commodity prices at the international market,” Minister of Finance and Economic Planning Amb. Claver Gatete said. “We project imports in value terms to increase by 7% in 2015 and declining by…

BADEA provides financial assistance to BOAD

Posted on by The Editorial Team

Lome, Togo (Capital Markets in Africa):- Messrs. Christian ADOVELANDE, President of the West African Development Bank (BOAD) and Abdelaziz KHELEF, Director General of the Arab Bank for Economic Development in Africa (BADEA), have signed an agreement under which BADEA has provided to BOAD a credit facility of USD 20 million, or around FCFA 12 billion. These resources will enable BOAD to finance imports of goods from Arab countries by WAEMU member States. “This financial assistance will help…

East African traders want barriers removed

Posted on by The Editorial Team

Kigali, Rwanda (Capital Markets in Africa):- East Africa’s private sector is pushing Rwanda and Tanzania to dismantle the remaining trade barriers according to the East African News. Importers and exporters alike say the barriers are negatively affecting the competitiveness of the Central Corridor by increasing transport costs as a result of delays. These sentiments were voiced recently at a round-table organised by Rwanda’s Ministry of East African Community Affairs about the removal of non-tariff barriers…

Africa’s Afreximbank looks to Islamic finance with IDB tie-up

Posted on by The Editorial Team

MANAMA, March 3 The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed an agreement with the African Export-Import Bank (Afreximbank) to cooperate in the development of the private sector in ICD member countries in Africa. Under the terms of the agreement signed in Manama on 2 March 2015, the two institutions will collaborate in joint operations, expand financial products and…

« 1 2 3 »