African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state. Read more.
The Governor of the Bank of Mozambique, Rogério Zandamela, met with ambassadors of the countries of origin of capital invested in the banking sector in Mozambique to share information on financial developments as well as on the economic prospects of the country. Read more.
The International Monetary Fund (IMF) says Zambia’s new administration need to take steps to restore macroeconomic stability while protecting the vulnerable and creating more inclusive growth. Read more.
Pan-African investment platform Africa50 has announced the creation of a new US$500 million fund called the Africa50 Infrastructure Acceleration Fund, aimed at catalysing further investment flows into African infrastructure.
The German government has pledged to contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. Read more.
Mozambique has been mentioned in a new report among 8 out of 18 High Impact Countries (HICs) with new coal-fired power plants that are under active development in 2021 notwithstanding that sources of finance for new plants is tightening as more countries announce their exits from coal. Read more.