Business Affairss

Africa needs to spend US$15.7 billion on refineries to curb emissions

ABIDJAN— African nations need to spend about US$15.7 billion on their refineries to curb emissions and meet climate-change targets as demand for oil and...

World Bank Vice President Pledges Continued Commitment to Guyana

WASHINGTON, August 5, 2021 - World Bank Vice President for Latin America and the Caribbean, Carlos Felipe Jaramillo, and Country Director for the Caribbean, Lilia Burunciuc, completed their first official visit to Guyana today. They commended the progr...

Internet Restrictions Hold Back Africa’s Economic Growth, Study Finds

A report by a non-profit group says Africa needs to increase internet access to boost its economies, especially in the wake of the COVID-19 pandemic. The advocacy group found that while Africa's locally routed online traffic has increased, only one in...

Arica should produce vaccines on the continent, African Development Bank Group head says on eve of the group’s 2021 Annual Meetings

African Development Bank Group president Dr Akinwumi A. Adesina has again urged regional leaders to focus on vaccine production and access for the African...

Zimbabwe Market Assessment: Market Functionality Index, May 2021

Zimbabwe is experiencing its worst protracted humanitarian crisis in over a decade, owing to persistent climatic and economic shocks. While recurring drought and failed...

Mozambique: World Bank Approves $150 Million to Improve Incomes and Resilience in the Rural Economy [EN/PT]

WASHINGTON, June 9, 2021 --- To improve the incomes and resilience of communities in rural areas, the World Bank approved today a $150 million grant from the International Development Association (IDA)* in support of the first phase of Mozambique's Sus...

Deputy Minister Nomalungelo Gina visits Western Cape to assess impact of COVID-19 Coronavirus on businesses, 7 to 11 Jun

Deputy Minister Gina to Visit Western Cape to Assess Impact of Covid 19 on Businesses Supported by the dticThe Deputy Minister of Trade, Industry and Competition, Ms Nomalungelo Gina will visit the Western Cape-based businesses supported by the Depart...

Reserve Bank on potential exit options in African Bank Holdings Limited

South African Reserve Bank’s review of its potential exit options for its 50% shareholding in African Bank Holdings Limited1. IntroductionOn 14 February 2020, the South African Reserve Bank (SARB) announced that it had published a request for proposal...

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EMGA arranges US$ 30M debt finance for Uzbekistan’s Ipak Yuli Bank

LONDON, Dec. 01, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) announces they have completed their first transaction in Uzbekistan securing US$ 30M from the OPEC Fund for International Development (OPEC Fund). Commenting on the transaction, Ipak Yuli’s Chairman Mr.Saydakhmedov Saidabror said, “We are pleased to be the first private bank in Uzbekistan […]
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EMGA arranges US$ 30M debt finance for Uzbekistan’s Ipak Yuli Bank

LONDON, Dec. 01, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) announces they have completed their first transaction in Uzbekistan securing US$ 30M from the OPEC Fund for International Development (OPEC Fund). Commenting on the transaction, Ipak Yuli’s Chairman Mr.Saydakhmedov Saidabror said, “We are pleased to be the first private bank in Uzbekistan […]

Chinese Stock Markets See Significant Gains on Monday.

BEIJING: Chinese stocks closed higher on Monday, with the benchmark Shanghai Composite Index rising by 1.13 percent to settle at 3,363.98 points. The positive trend was mirrored by the Shenzhen Component Index, which saw a 1.36 percent increase, closi...

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Nandi-Ndaitwah calls on SADC to jointly fight malaria

Deputy Prime Minister and Minister of International Relations and Cooperation, Netumbo Nandi-Ndaitwah, has said it has become costly to combat malaria, hence the need for regional collaboration to eliminate the disease in Namibia and neighbouring ...

Somali President Advocates for Investment Opportunities at Saudi-Somalia Conference

President Hassan Sheikh Mohamud of Somalia presented a compelling vision for investment opportunities in Somalia at the Saudi-Somalia investment conference. He emphasized Somalia's strategic geographical position and its emerging role in international ...