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This capital injection positions Spiro among the continent’s most heavily backed Africa’s e-mobility and energy ecosystem Spiro (https://www.Spironet.com), Africa’s leading electric vehicle (EV) and clean energy infrastructure platform, today announced the successful closing of its latest funding round at $270 million. This milestone follows a newly finalized $55 million investmentContinue Reading

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Under the new Framework Agreement, ITFC will work to mobilize financing in support of Djibouti’s development agenda The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$750 million Framework Agreement with the Republic of Djibouti to guide trade financeContinue Reading

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Award-winning innovator from Zimbabwe, Tinashe Manyonga, transforms one of the world’s most persistent forms of waste – polystyrene – into practical goods such as cooler bags and cooking bags, highlighting a local solution that promotes recycling and entrepreneurship. Footage filmed on Saturday shows workers of Manyonga’s ‘Temp-Bag Outdoor Living Products’Continue Reading

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Through this integration, airlines and travel agencies using IFG can now accept payments across Africa via Kora, including cards, bank transfers, mobile money, and local alternative payment methods Kora (www.KoraHQ.com), the payment infrastructure platform, has joined the International Air Transport Association’s IATA Financial Gateway (IFG) (https://apo-opa.co/4ovs4va), connecting global airlines toContinue Reading

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The Ghanaian government on Thursday called for the implementation of the African Continental Free Trade Area (AfCFTA) through shared production lines to achieve sustainable intra-continental trade and ensure that its benefits reach citizens across the continent.  Speaking at the fifth joint meeting of the Economic Community of West African StatesContinue Reading

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This investment is intended to strengthen ATIDI’s capital base and expand its political risk and credit insurance products designed to support foreign direct investment and intra-African trade The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved, on 22 May, a $125 million equity investment in theContinue Reading