Most of the world’s fastest-growing megacities will soon be in Africa. Many cities across East Asia and Latin America have grown quickly over the last few decades.
The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to about $4.4bn to support larger infrastructure financing.
The African Development Bank Group has become the first IDI to join the shareholder base of ECOWAS' EBID, committing a $30mn equity investment and a $70mn credit line.
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices
The BRVM is pitching itself as a gateway to the fast-growing region, as it pursues deeper regional integration and a wave of new listings.
Allied Gold operates producing gold assets and development projects across Côte d’Ivoire, Mali and Ethiopia