TIAST Group, an agricultural and processing machinery and Stanbic Bank on Wednesday signed a Memorandum of Understanding to finance buyers of cassava processing equipment to boost the sector in the country. Madam Lisa Hao, the Chief Business Officer, TIAST Group signed on behalf of the Group while Mr Alhassan Andani,

Rabat – Morocco’s phosphate giant OCP signed Friday a Memorandum of Understanding (MoU) with Cote d’Ivoire, with the aim of reviving rice production in the sub-Saharan country. The MoU is the culmination of the close cooperation between Cote d’Ivoire’s Ministry of Rice Promotion and OCP Africa. According to the signatory

Since its launch in 2018, Mansa, the African Export-Import Bank’s (Afreximbank) customer due diligence (CDD) platform, has onboarded nearly 200 African financial institutions (FIs) and corporates. Meanwhile, as barely a handful of international FIs have signed up to use the solution, the bank is now looking to trial the platform

French oil major Total has inked a US$14.9bn senior debt financing agreement for its Mozambique liquefied natural gas (LNG) project, in what it says is the biggest project financing deal ever struck in Africa. The Mozambique LNG project, which has been in the pipeline since US exploration and production (E&P)

Amid a gloomy economic outlook for Africa and warnings of liquidity strains caused by the coronavirus, the Eastern and Southern African Trade and Development Bank (TDB) has struck two deals with the World Bank Group to bolster infrastructure and trade finance in the region. Last week, the World Bank’s Multilateral

In a bid to help agricultural exporters in Africa weather the Covid-19 crisis, the International Islamic Trade Finance Corporation (ITFC) has agreed to provide US$200mn to the African Export-Import Bank (Afreximbank). The syndicated murabaha agreement is aiming to help thousands of farmers in Africa by financing the export of soft