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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

PwC economists predict ZAR1.5 billion loss in sales due to sugar tax

Monday, February 12th, 2018

PwC economists predict ZAR1.5 billion loss in sales due to sugar tax

In 2016, the South African National Treasury announced a Sugar Beverage Levy (SBL) on sugar-sweetened beverages (SSBs) scheduled to take effect April 2018. The aim of the levy was to prevent and control obesity in South Africa, but key industry players also viewed it as a potentially significant new source of revenue that could help

PSG Konsult acquires outstanding Absa brokerage business

Monday, February 12th, 2018

PSG Konsult acquires outstanding Absa brokerage business

PSG Konsult, a Johannesburg Stock Exchange (JSE) listed financial services provider, announced today, 12 February 2018, that it has concluded an agreement to acquire the remaining short-term face-to-face advisory insurance brokerage business from Absa Insurance and Financial Advisers (AIFA). This...

AFRICA CEO FORUM plans to transform Africa’s private sector

Friday, February 9th, 2018

AFRICA CEO FORUM plans to transform Africa’s private sector

The AFRICA CEO FORUM will hold its 6th edition on 26 and 27 March 2018 in Abidjan, Côte d’Ivoire. About 1 200 business executives and decision-makers from industry, finance and politics will converge from 60 countries to...

Richards Bay Industrial Development Zone attracts global investors

Thursday, February 8th, 2018

Richards Bay Industrial Development Zone attracts global investors

The Richards Bay Industrial Development Zone (RBIDZ) managed to attract global investors during the final day Mining Indaba held in Cape Town, South Africa. A majority of business executives, based locally and in international markets, are seeking...

Nigerian Export-Import Bank (NEXIM) urges SMEs to access N550 billion export facilities

Wednesday, February 7th, 2018

Nigerian Export-Import Bank (NEXIM) urges SMEs to access N550 billion export facilities

The Nigerian Export-Import Bank (NEXIM) has called on export-oriented Small and Medium Entrepreneurs in the Southeast and Delta States to access the N500 billion Export Stimulation Facility (ESF) and the N50 billion Export Development Fund being managed...

IFC extends ZAR1.2 billion in Finance to FNB

Tuesday, February 6th, 2018

IFC extends ZAR1.2 billion in Finance to FNB

IFC, a member of the World Bank Group, announced new financing of ZAR1.2 billion ($100 million) to support FNB’s  lending to small and medium enterprises, with a focus on women-owned businesses. The financing falls under the IFC...

Strongest economic growth rates comes from East Africa

Monday, February 5th, 2018

Strongest economic growth rates comes from East Africa

The 2017 saw an improved economic performance by the African continent compared with 2016, a trend we expect to continue into 2018. This performance was truly varied across African nations, with the strongest growth rates coming from...

Forbes Africa releases Top 23 richest African Executives

Friday, February 2nd, 2018

Forbes Africa releases Top 23 richest African Executives

The 23 billionaires that Forbes found in Africa, up from 21 billionaires last year, are worth a combined $75.4 billion, compared to $70 billion in January 2017. The richest African, for the seventh year in a row, is Nigerian...

Investec GIBS Saving Index reveals South Africa’s economic trends

Friday, February 2nd, 2018

Investec GIBS Saving Index reveals South Africa’s economic trends

Investec and GIBS have released the latest results of the Investec GIBS Saving Index, which measures South Africa’s savings rate and the country’s savings behaviour. The headline index figure for 2017 Q3 was announced at 60.5 points...

Rand firmer as financial sector weighs on JSE

Friday, February 2nd, 2018

Rand firmer as financial sector weighs on JSE

The South African rand (ZAR) has been increasingly sensitive to domestic politics over the past decade. It fell to its weakest point in December 2015, to 16 to the USD, when President Zuma reshuffled finance ministers. It...

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