Business Affairss

Investment: new fund to inject $500 million into Africa Private equity firm

Alterra Capital Partners has launched a new fund dedicated to Africa, which targets a final size of $500 million, with the support of American private equity giant Carlyle Group and Nigerian billionaire Aliko Dangote. Alterra plans to invest in the...

Angola to invest in economic diversification to accelerate SDG

The Secretary of State for Planning, Milton Reis, said today, in Luanda, that the Government wants to invest in the diversification of the economy, valuing and enhancing human capital to accelerate the implementation of the Sustainable Development ...

BFA’s net profit increased by 23.5% in the first half of 2023

BFA's net profit in the first half of 2023 increased by 23.5 per cent compared to 2022, reaching 83.0 billion kwanzas, ANGOP learnt today. The financial performance was the result of a 17.5 billion kwanza increase in Banking Income, as a result of...

FGC has 50 billion available to boost national production

The Angolan government has made 50 billion kwanzas available to the Credit Guarantee Fund (FGC) to leverage national production, especially to finance agriculture, livestock, fishing, production support services and the manufacturing industry, the ...

National Bank funds 752 projects with more than 1 billion Kwanzas

The National Bank of Angola (BNA) has funded 752 projects under Notice 10, with a total of 1.06 billion kwanzas, the institution's governor, Manuel Tiago Dias, said on Thursday in Luanda. "Notice number 10", he explained, began with credits in 202...

US disburses around 2 million dollars to fight COVID-19 in Angola

Over the last three years, the United States government has disbursed around two million dollars to support the Republic of Angola in preventing and fighting the COVID-19 pandemic. Among other things, the money has been used to buy materials to su...

Kuria Roots For Industrialisation In Counties

Outgoing Trade, Investments, and Industry Cabinet Secretary (CS) Moses Kuria has challenged county governments to prioritise industrial production as a way of promoting the local economies. Kuria said governors should set targets for production a...

Namibia records N.dollars 7.4 billion worth of goods exported in August

Namibia exported goods valued at N.dollars 7.4 billion and imported goods worth N.dollars 12.3 billion in August 2023, resulting in a trade deficit of N.dollars of 4.9 billion. This is according to the Namibia Merchandise Trade Statistics bulletin...

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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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170 Adult Learners Participate in Final KCPE Exams in Kakamega County

Kakamega — A total of 170 adult learners are sitting for their final Kenya Certificate of Primary Education (KCPE) exams this year in Kakamega County. According to Kenya News Agency, the County Director of Adult Learning and Continuing Education, the c...

Khomas Region Faces Growing Demand for Schools Amid Population Increase

WINDHOEK — The Khomas Region is facing an urgent need for educational infrastructure to keep pace with its growing student population, requiring three new schools annually to accommodate the increase, Governor Laura McLeod-Katjirua announced during he...

IMF Approves $455 Million Loan to Republic of Congo

The International Monetary Fund board on Monday approved a...