Author: Editor

The new Sigma7 Risk Management Services Platform aims to upgrade business risk management capabilities. The new company is formed by industry veterans with investment backing from Growth Catalyst Partners. Risk management veteran Andrew Hersh, in partnership with middle-market private equity firm Growth Catalyst Partners (GCP), announced two days ago the launch of Sigma7, a risk management services company founded to support large organizations facing today’s dynamic complex risk environment. Sigma7 will integrate the services of the leading companies specializing in risk services to create a complete platform to serve companies across all industries, risk domains and global locations. Three initial…

Skaleet, an international fintech providing a next-generation Core Banking Platform (CBP), has partnered today with Mobiblanc, an Agile Digital Services Entreprise (ESN), to offer turnkey solutions to financial institutions across Africa. The partnership will ensure that financial institutions have the capacities to launch new digital and innovative financial solutions that they can provide to their customers, whether businesses or individuals.  Mobiblanc, based in Morocco and Tunisia, is a leading player in North and West African markets entirely devoted to digital solutions. With a talented and dynamic team, Mobiblanc delivers an efficient and effective consulting and integration service for a wide…

In response to economic challenges created by the global pandemic and the Russia-Ukraine conflict, Africa Finance Corporation (AFC) is launching a US$2billion facility to support recovery and resilience in Africa. AFC has committed to funding up to 50% of the new African Economic Resilience Facility and mobilising the remainder through the Corporation’s network of international partners and investors. The facility will be announced at the AFC Live Infrastructure Solutions Summit today. The facility will be disbursed through loans from AFC to selected commercial banks, regional development banks and central banks in various African countries, providing them with much needed hard…

TDB was announced as this year’s winner of the Best Development Bank at the Global Trade Review (GTR) Leaders in Trade Awards ceremony held in London this past 4th of May 2022. GTR awards “highlight excellence in the trade, commodity, supply chain, export finance and fintech markets. Each year GTR recognises the market’s pioneering institutions and top performers from around the world“. This accolade celebrates TDB’s continued excellence in driving impact in the region it serves through trade finance activities. It recognizes the Bank’s critical role facilitating greater intra- and inter-African trade, addressing supply chain disruptions as well as trade finance and forex…

Today, the European Commission and the European Investment Bank (EIB) signed an ambitious Guarantee Agreement through which the European Commission will support up to €26.7 billion of EIB financial operations to enable crucial public investments in sectors like clean energy, digital and transport infrastructure, health and education over the next seven years, rolling out Global Gateway worldwide. Commissioner for Neighbourhood and Enlargement,Olivér Várhelyi, said: “Today’s landmark guarantee agreement with the European Investment Bank will enable to finance the implementation of our Economic and Investment Plans for the Western Balkans, the Southern and Eastern Neighbourhood. We launched these three substantial investment plans to support…

A few months before work begins at Timor Port, the initiatives to protect the eco-system of this future deep water port are continuing. Timor Port and its local partner, the NGO KFF (Konservasaun Flora no Fauna) have planted the first 500 trees in this conservation area. This ceremony took place in the presence of representatives of the Timorese environmental authority and local authorities. The launch of this mangrove conservation area is part of its Biodiversity Action Plan. Timor Port will then plant 3.5 hectares of mangroves, which is equivalent to a total of 18,000 trees. It is also about ensuring …

Heads of State and Government meeting at the United Nations’ global conference on land have called on the international community to take urgent action to stem the loss of life and livelihoods that communities all over the world are experiencing due to the increasing and devastating impacts of desertification, land degradation and drought.  Speaking at the Heads of State Summit convened ahead of the opening of the 15th session of the Conference of the Parties (COP15) to the United Nations Convention to Combat Desertification (UNCCD), Alassane Ouattara, President of Côte d’Ivoire, declared: “Our Summit must be one of hope, of…