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Tag: Business

Africa Business Ghana West Africa World 

IMF approves $3 billion Ghana loan after debt restructuring delays

Elwin Mandowa, , , , , ,
The International Monetary Fund’s executive board on Wednesday approved a $3 billion, three-year loan program for Ghana. The approval comes after months of delays due to a difficult debt restructuring program. With the approval, the West African nation would now access about $600 million immediately towards tackling its worst economic crisis in decades. But the IMF said in a statement… Read More
Africa Business World 

African organisations in supply chain partner for wide skills programme

Elwin Mandowa, , , , ,
South Africa’s African Women in Supply Chain Association (AWISCA) has signed an MOU with the Women in Logistics & Transport (WiLAT) organisation from Côte D’Ivoire to collaborate on the delivery of tailor-made entrepreneurial skills training in the logistics and supply chain, and to bolster such capacities across the African continent through mentorship, training and coaching. AWISCA is an organisation focussed… Read More
Africa Business World 

Fintech M-KOPA raises $250m to scale high-impact business across Africa

Elwin Mandowa, , , , ,
M-KOPA, a leading fintech platform, today announced it successfully closed over $250m in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth. Over $200m in sustainability-linked debt financing was… Read More
Africa Business World 

PARM’s response to Africa’s food and nutrition security challenges

Elwin Mandowa, , , , , ,
The Platform for Agricultural Risk Management (PARM) actively participated in the 38th restricted meeting of the “Réseau pour la Prévention des Crises Alimentaires (RPCA)”. The conference was held from the 12th to 14th April 2023 in Paris, France. The event was a great opportunity for PARM to present its technical assistance at regional level with a special focus on West… Read More
Africa Business South Africa Southern Africa World 

South Africa’s revamped local currency unveiled

Elwin Mandowa, , , , , , , , ,
South Africa has unveiled upgraded banknotes and fourth decimal coin series. The new currencies have new designs and enhanced security features utilising the latest technology to protect the integrity of the currency. The South African Reserve Bank (SARB) said the upgraded banknotes and coins have now been released into the South African market. The new denominations are now available effective… Read More
Africa Business World 

Near Blockchain Operating System is Now Live

Elwin Mandowa, , , , , , ,
NEAR Protocol, the open-source and climate-neutral blockchain, has officially gone live as a Blockchain Operating System (BOS), which makes Web3 usable for all. BOS is  a revolutionary, industry-first category, that establishes the NEAR Protocol as the entry point for browsing and discovering apps and experiences that are compatible with any blockchain. The BOS removes one of the main challenges of… Read More
Africa Business South Africa Southern Africa US World 

South Africa raises quota for US frozen bone-in chicken amid high cost

Elwin Mandowa, , , , , , , , ,
In an amendment to Schedule 4 the Customs and Excise Act (1964), published in the Government Gazette on 31 March 2023, it was announced that the annual quota for frozen bone-in cuts of the species Gallus Domesticus originating in or imported from the United States (US), would be increased from 71,290 tonnes to 71,632 tonnes, with retrospective effect from 1… Read More
Africa Business World 

African finance ministers demand action on global financial architecture reform

Elwin Mandowa, , , , , , ,
Coming out of the World Bank Group (WBG) and International Monetary Fund (IMF) Spring Meetings, a group of African Finance Ministers and partners is urging global institutions to do more to deliver for African countries. The WBG/IMF Annual Meetings will return to Africa for the first time in fifty years this October, which presents an eight-month window of opportunity for… Read More
Africa Business South Africa Southern Africa World 

3rd Edition of Connected Africa Summit to take place in Johannesburg

Elwin Mandowa, , , , , , , ,
After the grand success of the previous edition, the Connected Africa is back, back much bigger stronger and larger than before, themed “Transforming to Telco’s of the Future”. The 3rd Edition of Connected Africa, Africa’s premier Telecom Summit delivering holistic insight into digital infrastructure developments and trends. Organised by The International Center for Strategic Alliances is scheduled for the 25th… Read More
Africa Business World 

SouthAfricanCasinos.co.za Votes FatBet as Best New Casino of 2022

Elwin Mandowa, , , , , ,
The leading expert on top online casino brands in South Africa, South AfricanCasinso.co.za, has crowned FatBet Casino as the best new casino of 2022. It is no mean feat to receive such a prestigious award, considering how cut-throat the South African online gambling industry can be, and especially considering how many great new sites made an appearance last year. But… Read More
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