Finance

The board of directors of the African Development Bank Group has approved a grant of $5.3 million to implement the Project to Strengthen the...

Oando, Africa’s leading indigenous energy solutions provider, has published its unaudited results for the six months ended 30 June 2025. The company’s upstream business recorded...

“This report is a record of the tangible, large-scale impact we’ve always aimed for—driven by disciplined capital, strategic partnerships, and a focus on outcomes that matter,” said Samaila Zubairu, President & CEO of AFC. “From clean energy to industrial ecosystems and regional rail links, AFC’s investments are transforming challenges into opportunities and unlocking Africa’s potential at scale.”

The facility has been structured as a Commodity Murabaha with a tenor of three years. This partnership between the two institutions aims to boost export-oriented businesses and export of private sector businesses in Türkiye and provide Shariah-compliant financing solutions to support exporters.