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Lidya raises $6.9 million in Omidyar Network investment fund
Lidya, the digital financial services platform focused on improving...
AfDB and Korea launch the Korea-Africa energy investment facility
The Government of Korea and the African Development Bank...
Korea announces $5-billion financial package for Africa
The Government of Korea and the African Development Bank...
World Leaders on Facebook reveals that Botswana Government has busiest page
Indian Prime Minister Narendra Modi is the most followed...
IDC officially opens new Emalahleni Office in Mpumalanga
The Industrial Development Corporation (IDC) has officially opened its...
Telecom Egypt secures $200 million Afreximbank financing for ICT infrastructure
The African Export-Import Bank (Afreximbank) will commit up to...
Ecsponent to invest ZAR400 million into venture capital company Capitis
Ecsponent Limited today, 23 May 2018, announced a transaction...
East African Banks dominate 2018 African Banker Awards
Winners of the 2018 African Banker Awards (AfricanBankerAwards.com) have...
Regional cooperation, structural reforms key to Africa’s economic transformation
Africa’s development agenda must focus on the socio-cultural and...
Facebook officially launches first hub facility in Africa
Facebook today, 22 May 2018, unveiled NG_Hub in Lagos,...

Business

Korea announces $5-billion financial package for Africa

Wednesday, May 23rd, 2018

Korea announces $5-billion financial package for Africa

The Government of Korea and the African Development Bank have issued a Joint Declaration following the conclusion of the Ministerial Roundtable of the Korea-Africa Economic Cooperation (KOAFEC) Conference taking place during the African Development Bank’s 53rd Annual Meetings in which Korea announced a $5-billion bilateral financial assistance package for Africa. The Ministerial Roundtable is the signature

IDC officially opens new Emalahleni Office in Mpumalanga

Wednesday, May 23rd, 2018

IDC officially opens new Emalahleni Office in Mpumalanga

The Industrial Development Corporation (IDC) has officially opened its new office in Emalahleni, Mpumalanga, today, 23 may 2018. The opening of the Emalahleni office is a strategic intervention that will enable the IDC to serve potential and...

Regional cooperation, structural reforms key to Africa’s economic transformation

Tuesday, May 22nd, 2018

Regional cooperation, structural reforms key to Africa’s economic transformation

Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, said Muhammadu Sanusi II, the Emir of Kano and a former Governor of Nigeria’s Central...

Korea – a model for Africa’s industrialization

Monday, May 21st, 2018

Korea – a model for Africa’s industrialization

The 53rd Annual Meetings of the African Development Bank opened in Busan, Korea, today, 21 May 2018, with a call on African Governments to create the right environment for the private sector to lead the continent’s industrial...

EXEO Capital backs Zambian food distributor

Monday, May 21st, 2018

EXEO Capital backs Zambian food distributor

Africa-focused private equity manager, EXEO Capital, has announced an investment of $6.4 million into Capital Fisheries, a Zambian food distributor that specialises in the cold-chain distribution of animal proteins. The investment, which concluded in April 2018, was...

British Airways offers direct flights between London and Durban

Tuesday, May 15th, 2018

British Airways offers direct flights between London and Durban

A decision by British Airways to introduce a direct, non-stop flight between London’s Heathrow Airport and Durban’s King Shaka International Airport is a game changer for KwaZulu-Natal as it will be instrumental in contributing to an increase...

ECA Conference of Ministers praised for discussing real African issues

Tuesday, May 15th, 2018

ECA Conference of Ministers praised for discussing real African issues

Finance ministers and policy makers from across the continent have reaffirmed their commitment to the African Consolidated Free Trade Area (AfCFTA) at the close of a high-level meeting widely praised for discussing real issues affecting the continent....

Malawi Stock Exchange to launch new Automated Trading System

Thursday, April 19th, 2018

Malawi Stock Exchange to launch new Automated Trading System

The Malawi Stock Exchange, in conjunction with the Reserve Bank of Malawi are in the course of automating the Malawi Stock Exchange trading processes, the bourse said in a communique. The project involves the establishment of an...

National Oil Corporation to list on Nairobi and London Stock Exchanges

Thursday, April 19th, 2018

National Oil Corporation to list on Nairobi and London Stock Exchanges

Besides the meeting, trade and diplomacy, security and regional development are also part of Uhuru’s agenda. During his address at the Chatham House, the President will give details on Kenya’s efforts in achieving inclusive economic growth and...

Pick n Pay Group’s Africa operations contribute ZAR4.6 billion

Thursday, April 19th, 2018

Pick n Pay Group’s Africa operations contribute ZAR4.6 billion

Pick n Pay today, 19 April 2018, published its annual financial results for the year ending 25 February 2018.  Headline earnings per share grew 7.1%, with diluted HEPS up 7.7%.  Trading profit was up 4.9%, with the...

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