The Board of Directors of the African Development Bank (AfDB) approved on Wednesday, September 4 an equity investment of up to US $15 million to the Enko Africa Private Equity Fund (EAPEF). The Fund aims to invest in mid-size companies registered in Africa and exhibiting a strong potential for successful listing on one or many African stock markets.
The African Development Bank’s Open Data Platform is now operational for the entire African continent. This follows the completion in July 2013 of the last phase of the project for the following 14 African countries: Benin, Comoros, Côte d’Ivoire, Djibouti, Equatorial Guinea, Eritrea, The Gambia, Guinea-Bissau, Liberia, Kenya, São Tomé and Príncipe, Sierra Leone, Swaziland, and Togo.
Africa is now the fastest growing continent in the world, the African Development Bank’s Annual Development Effectiveness Review 2013 states, driven mainly by improved economic governance on the continent and the private sector.
East Africa's dream of a regional stock exchange that merges into one the stock markets of the five East Africa Community member states is likely to take off in a year or two, key players in the region have said.
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