Africa - page 5

Nigeria: African Development Bank Group Provides $500 Million Loan to Support Economic Governance and Energy Transition
Finance & Economics

Nigeria: African Development Bank Group Provides $500 Million Loan to Support Economic Governance and Energy Transition

The African Development Bank Group has approved a $500 million loan to Nigeria to finance the second phase of its Economic Governance and Energy Transition Support Programme, aimed at accelerating energy sector reforms, improving fiscal management, and fostering an investment-friendly environment across the Federation.

African Development Fund Approves Additional 28 Million Dollars to Strengthen Benin Private Sector Growth
Finance & Economics

African Development Fund Approves Additional 28 Million Dollars to Strengthen Benin Private Sector Growth

A new round of financing from the African Development Fund aims to accelerate private sector development, enhance economic zones, and reinforce climate and governance reforms as Benin advances toward stronger, more diversified economic growth.

Africa Finance Corporation Secures US$75 Million BADEA Credit Line to Accelerate Continental Infrastructure Growth
Finance & Economics

Africa Finance Corporation Secures US$75 Million BADEA Credit Line to Accelerate Continental Infrastructure Growth

AFC strengthens its long-term development capacity through a new US$75 million facility from BADEA, reinforcing a strategic partnership aimed at advancing transformational infrastructure across Africa.

Sierra Leone Joins ICIEC as 51st Member, Enhancing Trade and Investment Opportunities in West Africa
Finance & Economics

Sierra Leone Joins ICIEC as 51st Member, Enhancing Trade and Investment Opportunities in West Africa

The Republic of Sierra Leone has joined ICIEC as its 51st member, opening new avenues for Shariah-compliant insurance and investment solutions to boost trade and attract foreign investment in West Africa.

African Development Bank Brings Stock Exchanges Together to Rethink the Continent’s Financial Future
Finance & Economics

African Development Bank Brings Stock Exchanges Together to Rethink the Continent’s Financial Future

The African Development Bank Group has opened a two-day meeting in Abidjan with more than 50 representatives from major African stock exchanges, regional banks, and development finance institutions.

G20 Investment Forum to Highlight Africa’s Energy Projects as Global Investment Priority
Science & Technology

G20 Investment Forum to Highlight Africa’s Energy Projects as Global Investment Priority

Leading global and African energy and finance executives will explore strategies to accelerate investment, de-risk capital and strengthen market access at the upcoming G20 African Energy Investment Forum

Afreximbank Compliance Forum (ACF2025)
Events

Afreximbank Compliance Forum (ACF2025)

The Africa24 Group Presents: Afreximbank Compliance Forum (ACF2025) This edition of ACF2025 aims to be a forum for reflection on the use of artificial intelligence (AI) and how it is transforming the compliance landscape across Africa and its diaspora

On The Road to 30th United Nations Climate Change Conference (Cop30): The African Development Bank Group Is Piloting Several Financial Instruments To Support African Countries In Tackling Climate Change
Finance & Economics

On The Road to 30th United Nations Climate Change Conference (Cop30): The African Development Bank Group Is Piloting Several Financial Instruments To Support African Countries In Tackling Climate Change

The main priorities for COP30 are to accelerate the energy transition, ensure a just transition for the most vulnerable nations suffering from climate change, and, above all, mobilise large-scale climate finance for developing economies

AAMFI Infrastructure Financing Facility Launches with USD 1.5 Billion to Accelerate Africa’s Infrastructure Development
Finance & Economics

AAMFI Infrastructure Financing Facility Launches with USD 1.5 Billion to Accelerate Africa’s Infrastructure Development

Financing instruments like the AAMFI Infrastructure Financing Facility are crucial in times when Africa faces a massive infrastructure funding shortfall.

Afriex Partners with Visa to Enable Real-Time Cross-Border Payments Across 160+ Markets
Fintech & Ecommerce

Afriex Partners with Visa to Enable Real-Time Cross-Border Payments Across 160+ Markets

Afriex’s new functionality is now live and available immediately via the Afriex mobile app, enabling users to send cross-border payments seamlessly and securely through Visa Direct.

Paystack Partners with PesaLink to Unlock Instant Bank Transfers for Kenyan Businesses
Fintech & Ecommerce

Paystack Partners with PesaLink to Unlock Instant Bank Transfers for Kenyan Businesses

Paystack new integration with Kenya’s real-time interbank network PesaLink unlocks direct bank payments 24/7, giving merchants faster cash flow and customers a simpler, card-free way to pay.

Inside Converge Africa 2026: How Africa’s digital leaders are designing the future of commerce
Events

Inside Converge Africa 2026: How Africa’s digital leaders are designing the future of commerce

Converge Africa 2026 stands as the catalyst for that transformation, where vision meets venture and technology meets trust

AfDB and IFC Appoint Inspired Evolution to Lead New Renewable Energy Fund for Africa
Finance & Economics

AfDB and IFC Appoint Inspired Evolution to Lead New Renewable Energy Fund for Africa

Backed by global development heavyweights, including IFC, AfDB, The Rockefeller Foundation, TDB Group, and NDF, Zafiri is filling one of Africa’s toughest financing gaps by channeling long-term equity into distributed renewable energy companies that deliver last-mile access where traditional capital falls short.

Africa Trade Gateway Takes Digital Trade to the Next Level With National Adoption Awareness Initiative in Rwanda
Finance & Economics

Africa Trade Gateway Takes Digital Trade to the Next Level With National Adoption Awareness Initiative in Rwanda

In a landmark move for Africa’s digital transformation, the Africa Trade Gateway (ATG) has launched its national adoption awareness campaign in Rwanda — a step that positions the country at the forefront of driving the AfCFTA’s vision of one integrated African market.

Forum Invest in Senegal (Fii Senegal 2025): $23.5 Billion in Commitments for a New Economic Momentum
Finance & Economics

Forum Invest in Senegal (Fii Senegal 2025): $23.5 Billion in Commitments for a New Economic Momentum

Among the major announcements of Forum Invest in Senegal (Fii Senegal 2025), international institutions, notably the International Finance Corporation (IFC) and the World Bank, confirmed $160 million in long-term commitments to support national priorities.

Forum Invest in Senegal 2025 (Fii Senegal 2025): President Bassirou Diomaye Faye calls for investment in a transforming Senegal
Fintech & Ecommerce

Forum Invest in Senegal 2025 (Fii Senegal 2025): President Bassirou Diomaye Faye calls for investment in a transforming Senegal

Over the course of two days, the forum — centered around the theme “Connecting Opportunities, Building the Future”— welcomed policymakers, investors, and global leaders in Dakar for high-level dialogue.

Welcome to PaySpace Magazine, the ultimate destination for staying informed about the most recent financial and payments news from Africa. Our news platform is designed to provide comprehensive coverage of the ever-changing African market, offering valuable insights into crucial areas such as banking, fintech, mobile payments, and more. Explore our content to access the latest trends and innovations, as well as exciting opportunities that are shaping the financial industry in Africa. Join us on this journey as we delve deep into the dynamic landscape of African finance, bringing you all the essential information in one convenient place.