The Johannesburg Stock Exchange (JSE) will donate fees derived across all asset classes traded on Wednesday 15 April and Thursday 16 April as part of a brand-new campaign #Trade4Solidarity to the Solidarity Fund.
The Johannesburg Stock Exchange and FTSE Russell, a subsidiary of the London Stock Exchange have combined forces to launch the FTSE/JSE Fixed Income Indices, which will offer investors enhanced exposure to South African listed debt.
The EBRD, together with the European Union (EU), is stepping up efforts to support small and medium-sized enterprises managed and owned by businesswomen in Morocco, in the face of the coronavirus pandemic.
Novosibirsk Chemical Concentrates Plant, an enterprise of ROSATOM’s TVEL Fuel and the Egyptian Atomic Energy Authority have signed 10-years term contract for supply of low-enriched nuclear fuel components.
The Central Bank of Kenya (CBK) has taken regulatory action against Absa Bank Kenya PLC (Absa Kenya), following Absa Kenya’s failure to provide information about some specific foreign exchange trades that it conducted in March 2020.
The Capital Markets Authority (CMA) has admitted the Central Depository and Settlement Corporation (CDSC) to the Regulatory Sandbox to test its proposed screen-based Securities Lending and Borrowing (SLB) platform.
The African Development Bank announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic.
African Development Bank offers technical assistance for development of mini green energy grids in Guinea
The African Development Bank, through its Sustainable Energy Fund for Africa approved a grant of 830,000 US dollars to support the Guinean Agency for Rural Electrification in the establishment green mini-grid projects.
Weber Shandwick announced the appointment of Ipelegeng (Ipi) Thibedi as the new CEO of its African operations.
Energy Recovery announced awards of USD $8.3M to supply its PX and related equipment and services to multiple desalination projects in Egypt.
The global crisis brought on by the coronavirus pandemic has pushed us further into a digital world, and changes in behaviour are likely to have lasting effects when the economy starts to pick up.
The World Bank approved a $140 million financing from the International Development Association (IDA) to improve the quality of teaching and learning in Niger.
In line with its strategy of actively managing its asset portfolio and its objective to divest 5 B$ on years 2019-2020, Total is pursuing the divestments of several non-core assets in both Exploration-Production in Brunei, Sierra Leone and Liberia.
Global Petroleum announces that it has come to an agreement to licence pre-existing 3D seismic data in its offshore Namibia Block, 2011A (PEL0094).
The Standard Bank Insurance is implementing a 25% cash back relief on its car insurance premiums.
Standard Bank Group, the largest African bank by assets, has announced two new technology start-ups who have been selected and accepted into the Founders Factory Africa (FFA) Venture Scale programme.
AfDB approves Gender Equality Trust Fund, Risk-Sharing Mechanism to improve women’s economic empowerment in Africa
The African Development Bank (AfDB) approved a new Gender Equality Trust Fund (GETF) aimed at pushing forward gender equality and women’s empowerment across the continent.
US firm Renewvia launched Renewvia Energy Africa Holding and seeks to raise $350 million in five years.
The Ghana Investment Promotion Centre (GIPC) in support of the country’s fight against the deadly COVID-19 Pandemic, has donated over 3,000 Personal Protective Equipment (PPEs) to the Healthcare sector.
The Department for International Development (DFID) has selected McKinsey& Company to help deliver its 'Invest Africa' programme.
Marine geophysical company PGS announced the completion of acquisition on its MC3D Kwanza Shelf survey offshore Angola.
Following the national lockdown in South Africa, representatives of several governments have engaged with the joint BRPs of SAA to consider having the national carrier provide safe passage of their citizens to their home countries.
Vodafone Foundation, Vodafone’s philanthropic arm, is widening the reach of its digital learning platforms that already bring curriculum-based quality education to over a million out-of-school learners across the globe.
Vodacom has cut data prices by up to 40% and will provide free data to access essential services through Vodacom’s zero-rated platform ConnectU with immediate effect.
EXIM approves $91.5 million in U.S. export financing for renewable energy rural electrification project in Senegal
The EXIM approved approximately $91.5 million in loan guarantee financing that supports U.S. exports of design engineering and construction services to the Republic of Senegal.
Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy.
GreenTec has invested in Coliba, an innovative Cote D’Ivoire-based recycling and waste management start-up addressing plastic waste.
The African Development Bank (AfDB) approved $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the COVID-19 pandemic and mitigate its impacts.
IFC announced a $2.5 million investment in New Crystal to support the expansion of the private healthcare group, which provides high-quality medical services to lower-middle-income and low-income patients and families in Ghana.
The Multilateral Investment Guarantee Agency (MIGA) has issued guarantees to support the operation and maintenance of six additional solar power plants at the Benban Solar Park in the Aswan Governorate in Upper Egypt.
The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.
World Bank financing to make secondary education safer, better, more accessible for Tanzanian students
The World Bank approved a credit from IDA, the World Bank’s fund for the poorest countries, which will enable millions of young Tanzanians to access and complete secondary education in safer and better learning environments.
The World Bank approved three grants for a total of $133 million from IDA to help improve access to basic infrastructure and services for poor and vulnerable communities.
The Vice President of the Republicof Ghana, Dr Mahamudu Bawumia, launched the Scholarship Secretariat’s Online Scholarship Application and Administration System, www.scholarshipgh.com, in Accra.
The South African Department of Science and Innovation has successfully commissioned and finalised the physical establishment of a core situational awareness platform for COVID-19.
Standard Bank is an official partner of the South African Future Trust (SAFT) for SMMEs and has agreed to waive fees related to administering this fund during this period of national disaster, to maximise the funds available to recipients.
The Government of Mozambique and the African Development Bank signed a protocol agreement for a $34 million grant for the paving of the 35-km Nambungali-Roma road to facilitate trade and promote social inclusion of local communities.
[South Africa] Sasol, government partner to produce unique blend of alcohol-based chemicals for hand sanitisers
Sasol has partnered with the government to develop a new unique blend of alcohol-based chemicals to be used in manufacturing of hand sanitisers to help address the increase in market demand for the product.
Wimbart has launched its first edition of Wimbart Office Hours, a webinar and mentorship programme designed to equip African start-ups with the PR tools required to achieve their business goals.
The Arab Bank for Economic Development in Africa (BADEA) has allocated $100 million to support Sub Saharan African countries’ efforts to prevent and limit the spread of COVID-19.
The Yellow Card Scheme has committed US$ 3.6 million towards the acquisition of the proposed new headquarters of COMESA.
As South Africa and the world confront the public health, financial and economic implications of the COVID-19 pandemic, Absa Group is rolling out an extensive relief programme for eligible customers impacted by COVID-19.
Smart Africa has launched a continent-wide technology based coordinated impact response to the coronavirus (COVID-19) pandemic for Africa.
The Afreximbank has announced a $3-billion facility, named Pandemic Trade Impact Mitigation Facility to help African countries deal with the economic and health impacts of the COVID-19 pandemic.
JSE has partnered with TMS to launch the first virtual AGMs in South Africa to enable clients to engage with shareholders when the country is faced with tackling the Covid-19 pandemic.
The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.
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.
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 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 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.
Vaalco Energy has announced the completion of its 2019/2020 drilling program in the Etame Marin permit located offshore Gabon.
Standard Bank South Africa has announced that it will remain fully operational through the national lockdown and that all banking services will remain available.
Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union.
5G smartphone upgrades could see nearly a billion used devices enter the market across the globe in 2020.
UN in Nigeria strengthens COVID-19 containment and care, mobilizes $2 million for key support to Government
The United Nations system in Nigeria has mobilized $2 million to help the Government’s efforts to contain the COVID-19 outbreak and care for those in the West African country stricken by the virus.
A report released by the GSMA says that Kenya is making excellent progress to achieve its target of universal broadband coverage by 2030 and there is an opportunity for the government to accelerate the country’s digital transformation.
Maersk Drilling has announced that it has received a notification from Tullow Ghana of an early termination for convenience of the drilling contract for the drillship Maersk Venturer.
East African Community to deploy mobile labs, testing kits to all Partner States to mitigate Coronavirus
The East African Community Secretariat is in the process of deploying mobile laboratories and Coronavirus test kits to all EAC Partner States.
More than 320 million children around the world are now missing out on school meals due to school closures because of Covid-19 and any of these children are from poor families and depend on the daily meals they receive at school.
Africa’s response to the Coronavirus Disease (COVID-19) outbreak has received a major boost from Jack Ma Foundation and the Alibaba Foundation.
The Executive Board of the International Monetary Fund (IMF) approved a thirty-nine-month Extended Credit Facility arrangement for The Gambia in the amount of SDR35 million.
Unilever contributes more than 100 million euro to continue helping people affected by the corona crisis
Unilever, the consumer goods manufacturer of brands including Dove, Knorr, Omo and Lifebuoy, today announced a wide-ranging set of measures to support global and national efforts to tackle the coronavirus pandemic.
AFEX Commodities Exchange and FMDQ Holdings have formalised their partnership by executing a Memorandum of Understanding, solidifying their mutual interest in developing products to deepen the Nigerian capital market.
Local retailer Tuskys, and Amref Health Africa in Kenya have announced a working partnership leveraging mutual capacities to manage the Coronavirus threat in the country.
Unions for urban transport workers in Algeria, Morocco and Tunisia have joined forces at a workshop in Tunis to discuss how to working together under the Our Public Transport programme.
[South Africa] High Court dismisses Risc Technology application to interdict B-BBEE Commission from performing
The B-BBEE Commission welcomes High Court's decision to dismiss with cost the urgent application by Risc Technology Integration to interdict the Commission from implementing its decision and recommendations.
As most people are now required to spend more time at home to avoid the spreading of the COVID-19, Multichoice will provide broadened access to credible information at this time by making news channels more widely available.
[South Africa] VodaLend makes accessing of vital small business funding possible during tough economic times
VodaLend, a product of Vodacom Financial Services, has made accessing of vital small business funding possible during tough economic times in South Africa.
Zenoss, the leader in intelligent application and service monitoring, announced it has launched a Zenoss Cloud zone for the Europe, Middle East and Africa (EMEA) region.
African Finance Ministers call for coordinated COVID-19 response, mitigate adverse impact on economies and society
African Finance Ministers met on a virtual conference to exchange ideas on the efforts of their respective governments in dealing with the social and economic impacts of COVID-19.
Shelf Drilling has announced an early termination of a drilling contract for a jack-up rig operating offshore Nigeria.
The Standard Bank has announced interim debt repayment measures to help segments of its customer base to navigate their financial commitments as COVID-19 cases continue to increase across the country.
South African Airways (SAA) has announced that it will immediately suspend all international operations until 31 May 2020 in response to a government travel ban aimed at stopping the transmission of the Coronavirus.
The World Bank has announced additional financing of US$500 million to support ongoing efforts to improve the affordability of formal housing for low-income households in Egypt.
Polarcus has announced the termination of an award of a 3D marine seismic acquisition project offshore West Africa.
FSD Africa, FSD Uganda and BFA Global have launched a study that will track the income and spending habits of refugees to improve the products and services financial service providers deliver to refugees in Uganda.
Myron Brilliant, Executive Vice President and Head of International Affairs, U.S. Chamber of Commerce said that the administration is working with Congress to reach a high-standard, comprehensive free trade agreement with Kenya.
African Development Bank renews risk participation agreement for trade finance with Sumitomo subsidiary
The Board of Directors of the African Development Bank approved a $200 million Trade Finance Risk participation agreement (RPA) between Sumitomo Mitsui Banking Corporation Europe (SMBCE) and the African Development Bank.
The Burundi National Bureau of Standards has received equipment worth €150,000 to support its operations and improve regional market access for Burundi products.
The African Development Bank has signed an $800,000 grant agreement with the government of Seychelles to support micro, small and medium enterprises (MSMEs) in its Blue Economy sector.
As South Africans continue to face challenges around precautionary measures to minimise the risk of spread of the COVID-19 virus, Standard Bank is encouraging customers to consider digital banking as a preferred option.
The World Bank approved $500 million from the International Development Association (IDA) in continued support of the Government of Ethiopia’s Homegrown Reform Agenda.
The Nigerian Postal Services (NIPOST) has joined forces with Dubai based Ukpa Hansa Energy to disseminate solar systems in the rural areas of Nigeria.
South African Airways scales down capacity due to travel disruptions, restrictions caused by Coronavirus
South African Airways (SAA) has scaled down capacity in response to the low demand for air travel.
COMESA Maritime Security (MASE) programme has trained 54 law enforcement personnel to strengthen the country’s and the regional capacity to fight money laundering and terrorism financing.
The United Nations Volunteer Programme (UNV) and COMESA Secretariat have revived the partnership to operationalize the Youth Internship and Volunteer Project.
The African Development Bank announced health and safety measures to help prevent the spread of the coronavirus in countries where it has a presence, including its headquarters in Abidjan.
In line with the mandate of ensuring an orderly, fair and efficient market as well as protection of investors, the capital markets industry is working jointly to ensure that market activities continue normally.
As part of the global supply footprint development strategy in its Minerals operations, Metso is initiating consultations to evaluate the potential closure or other alternatives for its operations in Vereeniging, South Africa.
The World Bank approved a $40 million International Development Association (IDA) project for Liberia to support a series of pro-poor reforms.
BW Energy has announced adjustments to the development program on the operated Dussafu Marin license in Gabon in response to the spread of the coronavirus.
Hummingbird Impact is raising a $20M blended-finance impact fund to invest in scalable, tech-enabled social ventures at the pre-Seed, Seed and Series A stages.
Africa’s e-commerce platform Jumia has announced a major partnership with Reckitt Benckiser, the global health products manufacturer to help consumers access hygienic products at the lowest price.
Following a meeting with commercial banks, the CBK has announced a set of measures that commercial banks will undertake in order to alleviate the adverse economic effects their customers may face from the COVID-19.
The Johannesburg Stock Exchange (JSE) announces that it has proactively implemented several precautionary measures to ensure that its employees are able to work safely and enable continuous trading in its capital markets.
The Johannesburg Stock Exchange (JSE) announces the primary listing of Ninety One Limited and the secondary listing of Ninety One Plc on its Main Board.
[South Africa] Government issues travel advisory following State of National Disaster declaration due to COVID-19
The Minister for International Relations and Cooperation of the Republic of South Africa has issued a Travel Advisory in light of the announcement by the Government declaring a State of National Disaster due to COVID-19 pandemic.
SA Taxi, a financier of over 10 percent of South Africa’s minibus taxi fleet has introduced FICO’s cloud-based decision management solution to drive lending growth of 25 percent.