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Abidjan, May 29, 2025 The ECOWAS Bank for Investment and Development (EBID), the African Trade & Investment Development Insurance (ATIDI) have signed a Memorandum of Understanding (MoU) aimed at strengthening support for the private sector in the West African sub-region. The memorandum, which was signed on May 29, 2025, on the sidelines of the 2025 African Development Bank Group Annual Meetings, in Abidjan, Côte d’Ivoire, establishes a general framework for cooperation between EBID and ATIDI aimed at de-risking private sector transactions in the sub-region to attract investors and bring in more competitive resources. Under this agreement, the two institutions will…

Abidjan, May 29, 2025 The ECOWAS Bank for Investment and Development (EBID), the African Trade & Investment Development Insurance (ATIDI) have signed a Memorandum of Understanding (MoU) aimed at strengthening support for the private sector in the West African sub-region. The memorandum, which was signed on May 29, 2025, on the sidelines of the 2025 African Development Bank Group Annual Meetings, in Abidjan, Côte d’Ivoire, establishes a general framework for cooperation between EBID and ATIDI aimed at de-risking private sector transactions in the sub-region to attract investors and bring in more competitive resources. Under this agreement, the two institutions will…

Nairobi, 27 May 2025 – The African Trade & Investment Development Insurance (ATIDI) and the Global Renewable Mass Adoption Program ASBL (RELP) have signed a Memorandum of Understanding (MOU) to unlock investments in renewable energy projects across Africa. This partnership brings together ATIDI, a leading multilateral insurer, and RELP, a non-profit NGO committed to accelerating clean energy deployment in emerging markets and developing economies (EMDEs). While traditional risk mitigation tools have helped renewable energy projects address political, credit, and liquidity risks, a gap remains in managing market risk, specifically the risk that Independent Power Producers (IPPs) that are looking to…

The International Islamic Trade Finance Corporation (ITFC) and the ECOWAS Bank for Investment and Development (EBID) have signed a syndicated trade financing facility of USD 100 million on the sidelines of the 50th Islamic Development Bank (IsDB) Group Annual General Meetings held in Algiers, Algeria. ITFC was represented by its Chief Executive Officer, Eng. Adeeb Yousuf Al-Aama, while Dr Andrews Amankwah, Director of Treasury and Resource Mobilization, attended the ceremony on May 21, 2025, on behalf of Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID. The Syndicated Trade Financing Facility will contribute to improving…

At Hapag-Lloyd’s inaugural Supplier Recognition Event taken place in Dubai, Congo Terminal was received the Bronze Award of Excellence for its performance in ship handling. The customer was delighted with the quality of the work delivered and the professionalism of the teams. ‘This award reflects the key role Congo Terminal plays in promoting excellence, innovation and sustainability in our supply chain,’ said Ranusha Gayan, RME Procurement at Hapag-Lloyd. ‘This recognition highlights our operational excellence, which is reflected in the continuous growth of our performance and the commitment of our teams. It shows just how ready we are, with the forthcoming…

Casablanca – May 19, 2025 – The Africa50 Infrastructure Acceleration Fund (Africa50 IAF) has signed a share purchase agreement to acquire a significant stake in Mass Céréales al Maghreb (MCM), a key player in Morocco’s grain handling and port logistics sector, which is expected to mark the first investment by the Fund. The signing marks Africa50 IAF’s transition from achieving successful fundraising milestones to transaction execution and capital deployment. Africa50 IAF expects to support plans to reinforce MCM’s operational capacity and develop new, efficient cereal terminals in key African ports – critical to improving climate-resilience and safeguarding African food security, in…

The Southern African Banking Forum, organised by the Trade and Development Bank Group (TDB Group) and the European Investment Bank (EIB) closed today in Mauritius, following two days of successful deliberations on the evolving opportunities, challenges and practical dynamics of the banking sector in Southern Africa. Building on the success of previous editions, and now in its eighth year, this flagship forum – held in both East and Southern Africa – reflects the robust partnership between TDB Group and EIB and their shared commitment to sustainable development and financial inclusion in Africa. Held under the theme “Connections for Growth”, this year’s forum brought together…

Abidjan, May 12, 2025 As part of efforts to grow its commitments in the ECOWAS sub-region while continuing to support socio-economic development, the ECOWAS Bank for Investment and Development (EBID) has signed an agreement with the Government of the Republic of Côte d’Ivoire for the opening of its first country office. The agreement was signed during a ceremony in Abidjan, Côte d’Ivoire, with the Ivorian Government represented by the Minister for Foreign Affairs, African Integration and Ivorians Living Abroad, Honourable Leon Kacou Adom, and the Bank represented by Dr George Agyekum Donkor, President and Chairman of the Board of Directors…

Yaoundé, 12 May 2025 – The African Trade & Investment Development Insurance (ATIDI) officially launched its operations in the Republic of Cameroon, signaling the organization’s commitment to support transformative trade & investments towards national economic resilience and regional integration. Held across Yaoundé and Douala, the week-long program opened with a high-level ceremony held under the High Patronage of Mr. Joseph Ngute the Prime Minister, Head of Government. Following the launch, ATIDI carried out level sensitization workshops for public and private sector stakeholders to explore the organization’s strategic role in de-risking investment, facilitating trade and promoting sustainable growth in key sectors…

On 3 May 2025, AGL Congo organised an open day for finalists in the transport and logistics option. More than thirty young people from DGC, EAD, ECAM, ESCIC and EST-Littoral took part in the event, which was held at AGL’s logistics base in Pointe-Noire. The event began with a presentation of AGL and its expertise in the transport and logistics of heavy goods by David LIMANYA, head of the logistics department. Then the HSE measures to be taken, the Road Survey, the complexity of the equipment to be deployed according to the technical constraints of the operation were at the…

At the end of April 2025, AGL Congo’s management initiated an ambitious program for strengthening the company’s culture. An ambitious, ongoing dynamic, driven by the vision of a more united, more agile AGL Congo, serving collective performance: ‘For a stronger AGL Congo’. It began with a series of structured team-building sessions that grouped managers, operational staff and support functions into 3 groups. Accompanied by a diagnostic quiz sent out to all staff, which evaluated a series of specific points: the working environment, internal communication, management, cohesion within teams, the perception of the corporate culture and the promotion of employee performance. …

The Islamic Republic of Mauritania welcomes the official support  expressed by the Republic of Benin for the candidacy of Dr. Sidi Ould Tah for the Presidency  of the African Development Bank (AfDB).   This support was announced following an audience granted today by His Excellency Mr. Mohamed Cheikh El Ghazouani, President of the Islamic Republic of Mauritania, to a high level delegation from Benin. Led by the Minister of State in charge of the Coordination of Government Action and Development, Mr. Abdoulaye Bio Tchané, and the Minister of State in charge of Economy and Finance, Mr. Romuald Wadagni, the Beninese delegation…

Nairobi, 05 May 2025 – The Central African Banking Commission (COBAC), during its ordinary session held in March 2025, in Libreville, Gabon, has officially approved the inclusion of the African Trade and Investment Development Insurance (ATIDI) on its list of public financing and guarantee institutions that benefit from a 0% risk weighting under the prudential regulations applicable to credit institutions within the Economic and Monetary Community of Central Africa (CEMAC region). This important decision is in line with COBAC’s Regulation on risk coverage and division, which permits a 0% risk weighting for exposures to institutions meeting strict financial strength, governance…

ARC Ltd and Klapton Reinsurance Limited (Klapton Re) have signed a Memorandum of Understanding (MoU) in Lusaka, Zambia, announcing a new partnership that adds to the growing momentum across the continent to strengthen protection against climate risks. This collaboration brings together a development insurer with expertise in disaster risk financing and a private reinsurer with a strong footprint in African markets—two complementary players joining efforts to broaden access to practical, locally-adapted insurance solutions for vulnerable communities. The initiative comes at a time when the effects of climate change are being felt more widely and severely acrossAfrica. By pooling technical know-how,…

The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) unanimously appointed Honourable Dr. Cassiel Ato Baah Forson, Minister of Finance of the Republic of Ghana, as its new Chairman during the 23rd Ordinary Session held on April 14, 2025, in Banjul, The Gambia. Honourable Dr. Cassiel Ato Baah Forson takes over from the Gambia’s Minister of Finance and Economic Affairs, Honourable Seedy Keita. It should be noted that the Board of Governors, which is the highest decision-making body of the Bank, is composed of the Ministers of Finance and/or the Ministers of Planning of the fifteen…

Banjul, April 14, 2025 – The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) held its 23rd Ordinary Session on April 14, 2025, in Banjul, The Gambia. The meeting, chaired by the outgoing Chairman and Governor for The Gambia, Honourable Seedy K. M. Keita, Minister of Finance and Economic Affairs, was graced with the presence of His Excellency Muhammed B. S. Jallow, Vice President of the Republic of the Gambia who represented His Excellency Adama Barrow, President of the Republic of The Gambia. The Board of Governors, which is the highest decision making body of the…

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03 April 2025 – The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved a total of USD 230 million and CFA Francs 10 billion to finance projects aimed at stimulating development and boosting economic activities in West Africa. The financing package was granted during the 91st Ordinary meeting of the Board, held on Thursday, April 03, 2025, via videoconference, under the chairmanship of Dr. George Agyekum Donkor, President and Chairman of the Board of Directors of EBID. The facilities will be put towards the following projects: The newly approved commitments are aligned with the…

Nairobi, 7 April 2025 — The African Trade & Investment Development Insurance (ATIDI) supported the Republic of Benin’s latest financing transaction, providing a second-loss guarantee for Deutsche Bank’s EUR 507.5 million loan to the country. This milestone transaction reinforces ATIDI’s commitment to unlocking access to innovative financial solutions that enhance economic stability and sustainable development across Africa. The senior unsecured amortizing term loan, arranged solely by Deutsche Bank, is backed by a first-loss guarantee of up to EUR200 million from the International Development Association (IDA), part of the World Bank Group. ATIDI’s second-loss guarantee complements this structure, covering the remaining…

Swazi Tshabalala is the only woman among the five candidates vying for the presidency of the African Development Bank. Of South African origin, she served until recently (October 2024) as the Bank’s Senior Vice President and Chief Financial Officer. If elected, she intends to transform the institution into a development bank that is “bolder, faster, and more inclusive.” Interview conducted in Cape Town by Fazila Dahall, journalist and member of the Financial Afrik Awards Jury. “The African Development Bank must become the best place to build Africa’s future !” What motivates you to run for the presidency of the African…

On 27 March 2025, on World Book Week, the French Institute of Congo (IFC) announced that it now has 13 reading points in Pointe-Noire, as the result of a partnership with Congo Terminal. Over the past three years, this partnership has enabled 29,757 children to have access to books during school and holiday periods. The project began with the observation that many children did not have access to books during the school year, including those on the national education programme. The situation was becoming critical, so the French Institute of Congo set up the mobile libraries. The activity was soon…

Tunisia has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI), marking a significant step in the development of its energy sector. This MoU facilitates the introduction of the Regional Liquidity Support Facility (RLSF) in Tunisia, an initiative supported by the KfW Development Bank and the Norwegian Agency for Development Cooperation...

On 6 March 2025, Africa Global Logistics Congo was awarded the best carrier compliance inspection (ICT) performance prize at the 2024 HSE and performance awards ceremony organised by TotalEnergies EP Congo. This is the second award presented to AGL Congo by a major oil company in the country. In 2023, the company was awarded the prize for best logistics operations contractor by ENI Congo. This award follows the carrier compliance audit that Total Energy EP Congo had completed in July 2024. The audit focused on the quality of the rolling stock made available for operations, the behaviour of drivers at…

In 2024, Sanlam Morocco delivers a solid financial performance, marked by a notable improvement in profitability. Net income increased by 5.5%, outpacing the 2.1% growth in revenue, demonstrating effective cost management and a value-driven strategy. The company benefits from a well-balanced revenue stream, with strong contributions from both life and non-life insurance segments. Risk management...

In an unexpected overnight decision, Tunisian President Kaïs Saïed has dismissed Prime Minister Kamel Madouri, who had been appointed in August 2024 following a significant government reshuffle. The presidency announced early Friday that Madouri will be immediately succeeded by Sarra Zaafrani Zenzri, the former Minister of Equipment, while the rest of the government remains unchanged....

The Arab Bank for Economic Development in Africa (BADEA) has successfully completed its issuance of a 750 million euro bond over three years, as part of its Euro Medium-Term Note (EMTN) program. The issuance currency (Euro) targets the Francophone countries of the Franc zone. The bond, regulated under Reg S, was priced at mid-swap +75...

By Dominique Mabika. During a visit to Dakar, Samuel Munzele Maimbo, one of five candidates vying for the presidency of the African Development Bank (AfDB), spoke with Financial Afrik on March 19, 2025. He discussed his reasons for visiting Senegal, his relationship with fellow candidate and “brother” Amadou Hott, and his vision for the future. With the election about two months away, the SADC candidate gave an exclusive interview, sharing his motivations and detailing his program. He expressed his initial actions if elected would include ensuring the AfDB represents the continent appropriately, establishing a youth council, and a private sector…

The digitalization of legal services in Tunisia is a key driver for modernizing administration, streamlining procedures, and enhancing transparency. By automating workflows and improving access to legal services, it empowers businesses, investors, and citizens to gain efficiency and confidence. Juridoc, an innovative platform serving the legal sector Founded in 2021, Juridoc simplifies access to legal resources through a comprehensive database that includes legislation, case law, doctrine, and legal monitoring. Its intelligent search engine, powered by generative AI, enables legal professionals, businesses, and institutions to optimize their work by quickly accessing reliable and up-to-date information.” Already established in Tunisia and Senegal,…

On March 13, 2025, Sidi Ould Tah was received by Congolese President Denis Sassou Nguesso in Oyo, Republic of the Congo. Accompanied by Sid’ Ahmed Ould Bouh, Mauritanian Minister of Economy and Finance, the candidate for the presidency of the African Development Bank (AfDB) secured Brazzaville’s assurance of support for his candidacy. The announcement was made the same day during the 8 PM news broadcast on Congolese national television, which relayed the official message: “Congo supports Mauritania.” Carrying a message from Mauritanian President Mohamed Ould Ghazouani to his counterpart Denis Sassou Nguesso, the Mauritanian Minister of Economy and Finance emphasized…

From 24 to 28 February 2025, Congo Terminal organised the 1st regional Kaizen, bringing together the terminal’s teams as well as business experts and Operational Excellence teams from other Group entities: Benin, Cameroon, Ghana, Côte d’Ivoire, Guinea and Nigeria. The aim is to improve the productivity of terminal tractors and reduce waiting times for gantry cranes. This project is part of Congo Terminal’s many initiatives to improve the productivity of ships and gantry cranes serving its lines. For a week, three teams worked together to solve the three main problems: reducing terminal tractor journey times, reducing terminal tractor waiting times…