Updates

Spiro Agrees to US$50 Million Debt Facility with Afreximbank to Accelerate Expansion

This landmark agreement was signed in Kigali, Rwanda during the Africa CEO Forum, highlighting Spiro’s commitment to enhancing sustainable transportation on the continent May 17, 2024/Afreximbank Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for US$50 million debt facility with […]

Federal Reserve Board Announces Its Denial of Two Rulemaking Petitions Due to Legal and Policy Considerations

May 17, 2024/US Federal Reserve The Federal Reserve Board on Friday announced its denial of two rulemaking petitions due to legal and policy considerations. The first petition asked the Board to develop a framework requiring Board-supervised firms to disclose promised financial commitments to certain corporate initiatives, and the second asked […]

IFC, Ecobank to Support Trade Finance in Seven African Countries

IFC’s $140 million trade finance guarantee facility will help strengthen the participating affiliates’ trade finance operations and leverage ETI’s wide-spanning footprint in Africa May 17, 2024/Ecobank To promote trade and foster economic growth in Africa, IFC today announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) subsidiaries operating in […]