Latest News for: African private bank


Mauritius: JICA provides $289 million support to fight COVID-19 under initiative with African Development Bank

Reliefweb 26 Feb 2021
The loan, signed on 24 February, is a parallel co-financing agreement between JICA and the African Development Bank under the Enhanced Private Sector Assistance for Africa (EPSA) joint initiative to spur private sector-led sustainable and inclusive growth in Africa ... Bank, email.

Investors are failing African entrepreneurs — it’s time for a change

GreenBiz 25 Feb 2021
Stakeholders ranging from the African Development Bank to large-scale private funds recognize the need cost-efficient industrial energy access as well as universal household electricity ... While it is a positive sign that African companies are attracting international investors’ ...

S.African upstart bank teams up with JG Summit to expand into Philippines

Canada Dot Com 22 Feb 2021
SINGAPORE — South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of the biggest ...

Exclusive: South African upstart bank teams up with JG Summit to expand into Philippines

Metro USA 22 Feb 2021
SINGAPORE (Reuters) – South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of the biggest conglomerates in the Philippines, to apply for a local digital bank licence, a top Tyme executive told Reuters.

World Bank makes Diop first African to head IFC

Graphic 20 Feb 2021
The World Bank Group has named longtime Vice- President, Mr Makhtar Diop, to head the International Finance Corporation (IFC), making him the first African to lead the development lender’s arm for the private sector. IFC is an arm of the World Bank Group that advances economic ...

World Bank names first African head of IFC private sector finance arm

Metro USA 18 Feb 2021
WASHINGTON (Reuters) – The World Bank on Thursday named the first African chief executive of its private sector arm, the International Finance Corp, a position key to the bank’s efforts to finance vaccines and drive investment in low-carbon energy projects.

Madagascar’s Filatex to start work on Côte d’Ivoire solar production

Algeria Times 18 Feb 2021
According to the World Bank, almost 94% of the population was connected to the power grid in 2020, compared with 34% in 2011, and the country is able to export about 10% of its production to West African countries. Private operators account for 70% of energy production and all of the distribution, the World Bank says.

RMB celebrates landmark Beitbridge border post modernisation project

Business Day 12 Feb 2021
RMB has acted as financial adviser to La Frontiere since 2018, and later took on the roles of joint mandated lead arranger and hedging bank for the project ... As the leading investment bank in the African concessions and PPP sector, we felt confident that we could provide a tailored solution despite the challenges.

WATCH: Ithala sets its sights on State Bank status

Independent online (SA) 03 Feb 2021
... services to all South Africans” ... Pouring money into the private banking system has only fixed the economy for bankers and the wealthy; it has not done much to address either the fundamental problem of unemployment or the debt trap so many South Africans find themselves in.

Rand trades stronger against the dollar

Independent online (SA) 01 Feb 2021
South African Reserve Bank Governor Lesetja Kganyago indicated in a Bloomberg interview on ... The latest private sector credit sector extension data from the South African Reserve Bank (Sarb) indicates that households are reluctant to take advantage of the low-interest environment.

Agriculture eyes rival to Land Bank

Mail Guardian South Africa 01 Feb 2021
“So, if they were to go out for tender and you could buy 40% of the Land Bank, I think there would be a lot of interest from the private equity side and investment funds ... The African Development Bank and the New Development Bank could also be tapped to help finance either a public-private partnership or help fund the Land Bank purchase.

’Humble but determined’ A tribute to award-winning SA virologist Dr Graeme Jacobs

Independent online (SA) 16 Jan 2021
He was tasked with initiating collaborations with universities in the Western Cape and with South African scientists working on HIV/Aids and other infectious diseases ... The poor who want to educate themselves at higher education institutes still mostly rely on government grants, private funding or high bank loans, which often take years to pay off.”.

Life and death at the Beitbridge border post

Mail Guardian South Africa 14 Jan 2021
Shops owned by South Africans, Somalis, Pakistanis and Indians cater to an endless stream of shoppers from “the other side” ... Banking on the prospects of the African continental free trade area, the project aims to modernise both sides of the border in a record time of 24 months.

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