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EcofinAgency. ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining ...
Renewable Energy Becomes Top Unlisted Investment Choice in …
2 days ago · In 2023, renewable energy attracted 37% of unlisted investments in Africa, marking a significant shift. This sector now outpaces financial services, which have long been the dominant choice, according to the latest report from the European Investment Bank (EIB) released on November 7. This change highlights a major turning point, with capital ...
EAAIF, FMO, and DEG grant 84 million euros to AXIAN Energy for …
2 days ago · (AXIAN) - The Emerging Africa & Asia Infrastructure Fund (EAAIF) and the Dutch entrepreneurial development bank (FMO) acting as Co-Mandated Lead Arrangers, alongside Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), have announced today a EUR 84 million investment in two photovoltaic solar plants with battery storage systems operated by AXIAN Energy in the southern Senegalese ...
African Startups Raise Record $254mln in October 2024
Nov 6, 2024 · In October 2024, African startups raised a total of $254 million, marking the best October since 2019. A total of 42 companies secured funding despite a global tightening of liquidity. According to data from Africa: The Big Deal, October's performance stands as the second-best month of 2024, following July, and represents a nearly 50% increase ...
U.S. Provides $150 Million Loan for Africa's Largest Graphite Mine
Oct 31, 2024 · In September 2023, the United States announced a $150 million loan to Australia’s Syrah Resources, which operates Africa's largest graphite mine in Mozambique. The loan was contingent on meeting certain conditions, which have now been fulfilled. Syrah Resources confirmed yesterday, Oct.30, a $150 million binding loan agreement with the U.S.-based...
70% of Sub-Saharan Africans Prefer Local Food Brands (report)
6 days ago · About 70% of consumers in Sub-Saharan Africa prefer local food brands over international ones due to their better quality and affordable prices, according to a report released on October 9, 2024, by Boston Consulting Group and the Mastercard Foundation. Titled “Transforming Africa’s Food Systems: How Food Brands Can Lead the Way,” the ...
Economic information from Africa - Ecofin Agency
Feb 19, 2019 · Tunisia: Cinema as a tool for fight against corruption. L’agence Ecofin est une agence d’information économique africaine, créée en décembre 2010, basée à Yaoundé et à Genève. Elle rassemble une équipe de journalistes et d’experts, spécialisés dans les principaux secteurs africains de l’économie.
Africa Secures Record $52bn in Climate Funding in 2022, Report …
Oct 24, 2024 · Titled "Landscape of Climate Finance in Africa 2024," the report highlights that the continent received $52.1 billion in climate financing in 2022, sharply up from $35.2 billion in 2021 and $30.4 billion in 2020. Much of this rise is attributed to the revival of various projects that had been put on hold due to COVID-19.
EU Pledges $1.2 Billion to Support AfCFTA - Ecofin Agency
Oct 17, 2024 · While the EU is Africa’s largest trading partner, with trade reaching nearly €367 billion in 2023, stronger economic and trade integration within Africa will create a vast unified market of 1.3 billion consumers for European businesses. The European Union (EU) announced yesterday the disbursement of €1.1 billion (around $1.2 billion)...
IFC Makes First Investment in Climate Tech Venture Fund for SSA
Oct 8, 2024 · (Ecofin Agency) - The investment aims to reduce the critical funding gap faced by African climate tech startups. On October 3, 2024, the International Finance Corporation (IFC) announced its first investment in a venture capital fund focused on climate tech companies in sub-Saharan Africa. IFC has committed $5 million to the Equator Africa Fund I, which targets early-stage climate startups in ...