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TradeDepot will use the new investment to continue its integration of the fragmented informal retail supply chain in Nigeria.

TradeDepot secures additional $10 mn funding led by IFC, other partners

Our Correspondent14 July 2020 8:03 PM IST

TradeDepot, the B2B eCommerce platform for consumer goods in Africa, has raised a further $10 million in a pre-Series B equity round.

AfDB is providing up to $1 bn in trade finance liquidity and risk mitigation support to local banks in all 54 eligible African member countries.

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AfDB joins WTO, multilateral banks to support trade finance amid crisis

Our Correspondent5 July 2020 5:36 PM IST

The African Development Bank Group (AfDB) has joined the World Trade Organisation (WTO) and other multilateral development bank, is to reduce trade...

The second virtual workshop facilitated by McKinsey on June 11, 2020 provided an opportunity to reaffirm the importance of sustaining market access and strengthening capabilities for MSMEs.

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AUDA-NEPAD, Ecobank announce pillars of ‘100,000 MSMEs by 2021’ programme for MSMEs

Our Correspondent13 Jun 2020 2:30 PM IST

Sub-Saharan Africa has suffered as a result of the impact of the pandemic on its key trading partners, the disruption to global travel and supply chains, and the collapse in global commodity prices, particularly for oil and industrial metals.

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Sub-Saharan Africa’s economic activity to contract by 2.8% in 2020: World Bank

Our Correspondent9 Jun 2020 4:53 PM IST

In total, 136 fashion entrepreneurs, digital innovators and creative minds joined the discussion.

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AfDB’s webinar discusses Covid-19 impact on fashion industry

Our Correspondent4 Jun 2020 8:45 PM IST

The Nakuru county government is working on a multimillion-shilling programme that seeks to revive the pyrethrum sector and boost avocado farming.

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Kenyan French beans undergo strict checks in EU market from May 27

Our Correspondent2 Jun 2020 5:39 PM IST

Hennie Heymans, CEO of DHL Express sub-Saharan Africa.

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DHL Express acquires stake in Link Commerce to support African e-commerce

Our Correspondent29 May 2020 4:18 PM IST

According to sources, AU Chairperson is now consulting member states to make a final decision, either on postponement or starting trading on July 1.

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AfCFTA should not be delayed due to Covid-19, says AfCFTA Year Zero Report

Our Correspondent11 May 2020 8:19 PM IST

The Nigerian-founded venture’s main business is providing B2B payments services for companies operating in Africa to pay other companies on the continent and abroad.

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E-commerce platform Flutterwave Store launched for SMEs to sell products

Our Correspondent1 May 2020 5:19 PM IST

The package consists of a $32 million line of credit from the AfDB and an additional $8 million in parallel financing from the Africa Growing Together Fund.

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AfDB approves $40 mn package for Angola’s BMA to support SMEs

Our Correspondent30 April 2020 5:36 PM IST

The collaboration seeks to develop and empower these farmers and SMEs to help Nestle meet its goal of boosting from 60 percent to more than 70 percent by 2022.

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Nestle, IDH’s Grown Sustainably in Africa partner for 3 years to support 25k farmers, 50 SMEs

Our Correspondent23 April 2020 4:22 PM IST

Together, official creditors have mobilised up to $57 billion for Africa in 2020 alone, including upwards of $18 billion from the IMF and the World Bank each.

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World Bank, IMF mobilise partners in the fight against Covid-19 in Africa

Our Correspondent20 April 2020 6:30 PM IST