20 Mar East African Community-Market size of 150 million people!, BIF 2017

“The Embassies of Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda from the East African Community (EAC) together with the Swedish East African Chamber of Commerce (SWEACC) have for the past four (4) years been organizing investment and business forums in Sweden.

The latest forums have been on promotion of business between Sweden and East Africa in Energy and Value added Agricultural Products.

The EAC-BIF 2017 will take place on 23-24th March 2017 in Stockholm. Building on experiences from past forums, this year’s forum focuses on emerging and more cross cutting subject of “ICT based Solutions” with focus on MedTech for health care systems.”

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13 Mar Afreximbank to intensify support to Tunisia

“The African Export-Import Bank (Afreximbank) will intensify trade finance support to Tunisia and will assist the country in the implementation of its five-year National Development Plan 2016-2020, Amr Kamel, the Bank’s Executive Vice-President in charge of Business Development and Corporate Banking, has said in Tunis.

Mr. Kamel told participants at a business forum with the Tunisian private and public sectors, which was organised by the Bank on 23 February, that such support was part of Afreximbank’s strategy to boost intra-African trade through increased regional integration and its efforts to accelerate Africa’s industrialisation and significantly grow its value-added exports.”

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13 Mar EAC Business Investment Forum, BIF 2017

East African Community-Market size of 150 million people!

The Embassies of Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda from the East African Community (EAC) together with the Swedish East African Chamber of Commerce (SWEACC) have for the past four (4) years been organizing investment and business forums in Sweden.

The latest forums have been on promotion of business between Sweden and East Africa in Energy and Value added Agricultural Products.

The EAC-BIF 2017 will take place on 23-24th March 2017 in Stockholm. Building on experiences from past forums, this year’s forum focuses on emerging and more cross cutting subject of “ICT based Solutions” with focus on MedTech for health care systems.

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06 Mar BADEA and AfDB Sign a Memorandum of Understanding

“In the framework of promoting cooperation between the Arab Bank for Economic Development in Africa (BADEA) and Regional and International Finance Institutions, the

President of the African Development Bank Group, H.E. Dr. Akinwumi A. Adesina paid a visit to BADEA’s Headquarters in Khartoum, today Tuesday, February 28, 2017.

 During the visit H.E. Dr. Sidi Ould Tah, the Director General of BADEA and H.E. Dr. Akinwumi Adesina, the President of AfDB Group signed a Memorandum of Understanding (MoU).”

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06 Mar Strengthening economic cooperation with Sub-Saharan Africa

“The member countries of Islamic Development Bank (IsDB) from Sub-Saharan Africa have been an integral part of IsDB success. We have worked together to address key development challenges like poverty, infant mortality, supporting countries affected by man-made or natural disasters, capacity building, education, Islamic microfinance and so on.

While IsDB has done so much to support its member countries, more needs to be done to address country-specific challenges as well as regional and global issues that require significant attention.

In January 2017, IsDB Vice President (Sector Operations), Dr. Mansur Muhtar, led a high-level delegation to Senegal and Guinea on my behalf. During the mission, IsDB Group signed several agreements worth $92.58 million with Senegal. The agreements focus on job creation through Islamic microfinance and malaria eradication, as well as trade facilitation through IsDB trade financing arm, the International Islamic Trade Finance Corporation (ITFC). In Guinea, IsDB commissioned the Maferinyah Health Centre built from the contribution of late King Abdullah of Saudi Arabia, who donated $35 million to support countries affected by the unfortunate Ebola epidemic. A private sector forum was also organised in Conakry to avail the opportunities offered by IsDB in order to increase private sector investment in the country.”

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06 Mar AfDB President renews partnership MOU with Arab Bank for Economic Development in Africa (BADEA)

“As part of his three-day official visit to Sudan, the President of the African Development Bank, Akinwumi Adesina, met with the Director General of Arab Bank for Economic Development in Africa (BADEA), Sidi Ould Tah, to explore further cooperation and consolidate existing relations between the two institutions.

This cooperation is enhanced by the Memorandum of Understanding (MoU) signed by two institutions during the President’s visit, which replaces the existing one which expired in 2013. The MOU renews the partnership that has enabled them co-finance US $1.8 billion in development projects in Africa. This makes BADEA one of the Bank’s most important partners in terms of co-financing efforts to achieve their common development objectives in Africa.”

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27 Feb EAC Business Investment Forum, BIF 2017

“The EAC-BIF 2017 will take place on 23-24th March 2017 in Stockholm. Building on experiences from past forums, this year’s forum focuses on emerging and more cross cutting subject of “ICT based Solutions” with focus on MedTech for health care systems.”

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27 Feb BRD, USAID to increase agriculture financing

“The Development Bank of Rwanda (BRD) on Friday signed a memorandum of understanding with the Private Sector Driven Agriculture Growth project (PSDAG) of the United States Agency for International Development (USAID), to increase agriculture financing.

Through the agreement, BRD has reserved about Rwf 140 billion for loans to finance agricultural mechanization, modernization, and processing technologies.”

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27 Feb AfDB to open field offices in Benin, Guinea and Niger

“Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three countries in order to strengthen its operational presence, visibility and address their needs effectively.”

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