S. O. Oloruntimehin & Co.’s Post

African Development Bank Disburses First Tranche of $1 Billion Loan to Transnet Accelerates Private Sector African Development Bank Group https://lnkd.in/dK6QQANu

🏦 𝐂𝐞𝐧𝐭𝐫𝐚𝐥 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐋𝐢𝐛𝐲𝐚 𝐚𝐝𝐨𝐩𝐭𝐬 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐞𝐚𝐬𝐢𝐧𝐠 Expertise France, in collaboration with the Central Bank of Libya, is pleased to announce a significant milestone in enhancing Libya's financial services sector. As part of the EU-funded E-nable project's third component, which focuses on improving financial services in Libya, the CBL's Board of Directors has approved comprehensive regulations to establish and oversee financial leasing activities in the country. Since 2022, Expertise France has partnered with the CBL and international experts to develop regulations aligned with global best practices. These regulations outline licensing requirements and supervisory frameworks for financial leasing companies in Libya, aiming to provide entrepreneurs and consumers with innovative financing solutions. Financial leasing offers businesses and individuals alternative financing options, facilitating access to essential equipment and assets without the need for substantial upfront capital. This development is expected to stimulate economic growth, support small and medium-sized enterprises (SMEs), and contribute to Libya's economic diversification. The approval of these regulations marks an important step toward modernizing Libya's financial sector. Expertise France remains committed to supporting the CBL in implementing these frameworks and fostering a robust financial leasing market in Libya. #Libya #Leasing #CBL #financial_Inclusion #economic_diversification

While the Guyana Government has received over GYD$851 million in oil revenues, it has maintained strict compliance with its Natural Resource Fund Law which demands prudent withdrawals and spending on national projects. Determined to ensure there are savings for future generations in the oil account, the government has continued efforts to contract loans at concessional rates from varying institutions. Just yesterday, the African Export-Import Bank (Afreximbank) officially handed over a US$500 million loan proposal to support Guyana’s ongoing infrastructure boom. The loan was first pledged to local authorities last year and exchanged yesterday at the Baha Mar Convention Centre in Nassau, Bahamas, where the Afreximbank is hosting its 31st annual meeting alongside the third AfriCaribbean Trade and Investment Forum. Guyana’s President, Dr. Irfaan Ali was the keynote speaker at the annual meeting where he underscored the massive transformation that is possible for trade and development between Africa and the region with the bank’s support. Notably, the US$500 million loan forms part of the US$1.5 billion facility that the bank approved for CARICOM states. It is expected to increase when all 15 CARICOM nations sign on to a partnership treaty. To learn more about the US$500M loan proposal, follow this link : https://lnkd.in/g2Tj_32p #afrieximbank #bahamas🇧🇸 #caricom #guyana🇬🇾 #trade #investment

The Asian Development Bank (ADB) has approved a $100 million loan in additional financing to support critical infrastructure development through public–private partnerships (PPP) in Bangladesh. For more details, please check the comments below! 👇 #thelaborecon #news #tle

African Development Bank Leads $1.2 Billion Financing Syndication for Tanzania’s Standard Gauge Railway Project The African Development Bank has signed a coordination letter with Deutsche Bank and Société Générale to establish a syndication strategy to mobilize up to $1.2 billion for Tanzania’s Standard Gauge Railway (SGR) project.... read more https://lnkd.in/d7RMC2A6 #Railway #Tranport #Africa #Tanzania #Logistics #Logistafrica

As we look ahead into 2025, the seven transformative Infrastructure Fund (IF) projects approved by the Budget Facility for Infrastructure (BFI) represent a significant step toward addressing South Africa’s key infrastructure priorities. These priorities include transport, water, social housing, and more. Scheduled to begin in the 2025/26 financial year, these IF projects will be supported by the new BFI appraisal and financing system.    Infrastructure South Africa proudly supports the success of the IF, which it partners with and is operationalised by the Development Bank of Southern Africa (DBSA) and National Treasury through a dedicated “ring-fenced” division of the bank. Learn more: https://lnkd.in/dnuerfqX   #InfrastructureSA #GrowSA #LetsBuildSA

When it comes to support from financial institutions, Guyana has found a dependable, relevant, and responsive development partner in the Inter-American Development Bank for the past 47 years. This relationship has evolved since our membership from concessional lending during periods of challenging economic circumstances to our present reality of being amongst the fastest-growing economies in the world. Throughout the years, the IDB has provided more than US$2.03 billion in sovereign loans, US$112 million in technical cooperations, and US$145 million in investment grants to support development projects across Guyana. Additionally, IDB Invest has approved over US$168.3 million in loans to the private sector, with an exponential increase expected in the coming years based on the country's development trajectory. Notably, this progress would not have been possible without astute debt management by Guyanese authorities. Their strategic approach has ensured that every investment brings tangible benefits to the nation and its people. As we continue to build on this robust partnership, we look forward to even greater achievements and a brighter future for Guyana. To learn more about the Guyana-IDB partnership, read this 2024 report using this link: https://lnkd.in/gPQricTw.

Learn more about the Credit Insurers and Agencies Day taking place today, on the sidelines of the Africa Investment Forum (AIF) in Rabat, #Morocco. #AIF2024

The Asian Development Bank (ADB) has sanctioned a $200m loan to modernise Pakistan's power distribution infrastructure. The initiative aims to enhance the efficiency of distribution companies and ensure the reliable delivery of electricity.

African Development Bank Leads US$ 1.2 Billion Financing for Tanzania’s Standard Gauge Railway. Read more at: https://lnkd.in/dHAuvVPP #SGR African Development Bank Group Societe Generale Deutsche Bank Tanzania Railways Corporation