African Development Bank approves $8.25 million loan to food producer Olivine Industries in Zimbabwe
The African Development Bank Group has approved a $8.25 million corporate loan to Olivine Industries to support the company’s food production expansion plan in Zimbabwe.
The Standard Bank has announced a second wave of relief to help its customer base navigate financial commitments as Covid-19 continues to impact the livelihood of many individuals across the country.
Top-down projects for improving the lives of poor farmers were often unsuccessful because they didn’t systematically consider the diverse rural households survive and thrive.
Kaspersky has announced free availability of its core endpoint security products for medical organisations, in order to help them stay protected from cyberthreats during the pandemic.
The Board of Directors at the South African Airways (SAA) announced it has accepted the request from Ms Zuks Ramasia, SAA Acting CEO, for early retirement with her last date of employ being14 April 2020.
The World Bank approved a $100 million development policy operation to support the Government of Madagascar’s investment in human capital.
The EBRD is helping to develop the olive oil sector in Morocco with a loan of up to MAD 55 million to Al Dahra Holding subsidiaries, Al Dahra Morocco Factories and Al Dahra Morocco.
The Emerging Africa Infrastructure Fund (EAIF) became the 34th development finance institution to join IFC’s Master Cooperation Agreement to collaborate on expanding private sector investments in African and Middle East infrastructure.
South Africa’s Small, Medium and Micro Enterprise (SMME) sector is expected to come under even greater pressure as Government puts extraordinary measures in place to curb the spread of COVID-19.
Botswana food delivery startup MyFoodness has rebranded as Yamee and announced its entry into the Tanzanian market with a launch in Dar es Salaam.
Safaricom has rolled out a partnership with public transport sector players to accept cashless payments through M-PESA in the ongoing battle to combat the spread of the Coronavirus.
Konnect Africa, Schoolap and Flash Services have announced a Memorandum of Understanding to connect several thousand schools across the Democratic Republic of Congo (DRC) to the Internet.
Credit Agricole Egypt has extended its digital user experience and launched the third digital channel “desktop channel”.
Air Seychelles has announced that the airline has taken delivery of its new A320neo aircraft registered as ‘S7-PTI’.
South African Department of Science and Innovation (DSI) is working with several partners to investigate the efficacy of repurposing existing drugs to assist in halting the COVID-19 virus.
As South Africa prepares for a national lockdown tonight due to the COVID-19 pandemic, the Government has identified the JSE as an essential service required to enable smooth functioning of the markets during the 21-day lockdown period.
Radwin, the global wireless broadband provider, has signed a partnership agreement with Mobax, a telecommunications and technology company in South Africa.
Musika has signed an agreement with Kemiko Limited to help increase its processing capacity and provide a secure and ready market to 1,000 smallholder cassava growers.
Cameroon government seeks $107 million financing from ITFC to bolster soybean and cotton seed processing
The government of Cameroon is seeking $106.9 millon financing from The International Islamic Trade Finance Corporation (ITFC) for acquisition of soybean and cotton seed for processing.
Vaalco Energy has announced the completion of its 2019/2020 drilling program in the Etame Marin permit located offshore Gabon.