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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

Barclays Africa Group, Frontclear partner to develop Africa’s interbank markets

Wednesday, January 24th, 2018

Barclays Africa Group, Frontclear partner to develop Africa’s interbank markets

Barclays Africa Group Limited (BAGL) has signed a 2-year agreement to provide financial support to the Frontclear Technical Assistance Programme (FTAP) through the latter’s Partnership Facility. The contribution reflects the bank’s commitment to building inclusive, stable and liquid interbank market development through providing training, regulatory support and essential market infrastructure. The programme will be rolled-out

PwC – 22% of South African CEOs confident of annual growth

Wednesday, January 24th, 2018

PwC – 22% of South African CEOs confident of annual growth

The majority of Chief Executive Officers (CEOs) globally are optimistic about the economic environment amid geopolitical uncertainty, corporate misconduct and the impact of artificial intelligence on the future job market. This is according to one of the...

Sub-Saharan Africa investment banking fees reached $527.9 million in 2017

Tuesday, January 23rd, 2018

Sub-Saharan Africa investment banking fees reached $527.9 million in 2017

Thomson Reuters, one of the world’s leading source of intelligent information for businesses and professionals, today, 23 January 2018, released the 2017 investment banking analysis for the Sub-Saharan Africa region. According to estimates from Thomson Reuters, Sub-Saharan...

Key economic and market development trends in South Africa

Tuesday, January 23rd, 2018

Key economic and market development trends in South Africa

The global economy ended the year in its best shape in a decade. The biggest developed economies, the Eurozone, US and Japan, posted annual growth rates of 2.7%, 2.3%, and 2.1% respectively in the third quarter. China...

Infrastructure development remains a key driver for SA economy

Tuesday, January 23rd, 2018

Infrastructure development remains a key driver for SA economy

Infrastructure development is a key driver of South Africa’s growth prospects, with rail and water infrastructure focal areas. This is according to Ebrahim Patel, South African Economic Development Minister, who is in Davos for the World Economic...

Oxfam – World’s richest 1% gets 82% wealth created in 2017

Monday, January 22nd, 2018

Oxfam – World’s richest 1% gets 82% wealth created in 2017

Inequality will be under the spotlight at this week’s annual World Economic Forum, with a new Oxfam report showing that 82% of the wealth generated last year went to the richest 1% of the global population. The...

Bonang Mohale speaks ahead of World Economic Forum in Davos

Monday, January 22nd, 2018

Bonang Mohale speaks ahead of World Economic Forum in Davos

As leaders of business, we recognise the extent of the economic difficulties the country is confronted with, amid sluggish growth conditions and poor consumer and investor confidence. However, we believe that there exists now more than ever...

Steinhoff in discussions with potential funders for liquidity

Friday, January 19th, 2018

Steinhoff in discussions with potential funders for liquidity

Steinhoff, which is still grappling with a liquidity crunch after accounting irregularies caused investors to flee, said on Friday it was in discussions with potential funders to provide liquidity facilities, including existing creditors and investors. The company...

JSE continues to lag behind global markets

Thursday, January 18th, 2018

JSE continues to lag behind global markets

Over the past five years, local markets returned just above 75% in ZAR terms, which is comparable to the Johannesburg Stock Exchange (JSE) long-term average. However, when taking into account that over this same period the currency...

Ramaphosa talks tough against corruption ahead of WEF

Thursday, January 18th, 2018

Ramaphosa talks tough against corruption ahead of WEF

South Africa’s deputy president and new leader of the ruling ANC party Cyril Ramaphosa said on Thursday the country was on a new positive trajectory in rooting out corruption and dealing with state capture. Speaking at a...

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