The Fund for Export Development in Africa (FEDA), a subsidiary of the African Export-Import Bank (Afreximbank) dedicated to fostering development impact, has announced Egypt’s accession to its Establishment Agreement. With Egypt’s longstanding position as a founding shareholder and the host
Under the esteemed patronage president Nana Addo Dankwa Akufo-Addo of Ghana and the Champion on the African Union Financial Institutions, Africa’s multilateral financial institutions have collaborated and launched the Alliance of African Multilateral Financial Institutions (AAMFI). The auspicious inauguration, which took place
The Nigeria Sovereign Investment Authority NSIA has announced the launch of the second edition of the NSIA Prize for Innovation (NPI 2.0), with a combined prize value of US$220,000 and an all-expense paid, five-week training at Draper University, Silicon Valley, USA. The
The African Export-Import Bank (Afreximbank or “the Bank”), the Confédération Africaine de Football (CAF) and the Rebranding Africa Forum (RAF) on the sidelines of the semi-finals of the 2023 TotalEnergies Africa Cup of Nations (AFCON), signed a charter that will
World Bank Managing Director of Operations, Anna Bjerde, has affirmed the World Bank’s commitment to developmental processes and ending poverty in Africa. She expressed the commitment while on a two-day working visit to Nigeria. Ms. Bjerde’s first visit to Nigeria
The Federal Government of Nigeria through the Debt Management Office has offered for subscription the 2 year and 3 year savings bond for the month of February 2024. The offer which opened Monday 5th February 2024 will end Friday 9th
The Ministry of Finance Incorporated MOFI has begun the restructuring of Federal Government assets with the assumption of ownership, control and management of all outstanding Federal Government of Nigeria (FGN) equity in all existing electricity successor companies from the defunct
The Minister of Finance and Co-Ordinating Minister of the Economy, Wale Edun has assured of availability of funds for the early completion of the Abuja – Kaduna – Zaria – Kano Dual Carriage way road project. Mr Edun gave the
The Ministry of Finance Incorporated (MOFI) has formally terminated the power of attorney granted the Bureau of Public Enterprises (BPE) to hold on its behalf the Federal Government equity holdings in the eleven successor electricity distribution companies (DISCos) of the
The African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made and a second tranche of US$1.05
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