Africa’s Continental Trade Zone Gets US Backing
The US is optimistic that if the Africa Continental Free Trade Area (AfCFTA) is implemented the right way, it could help the continent solve most of its industrial challenges and attract more foreign investment. In a press statement released by the White House during the US-Africa Business Summit in Washington, the Biden Administration expressed confidence […]
Kigali First African Country to Secure IMF’s Climate Change Funding
This week, the IMF approved Rwanda as the first African country to benefit from a new instrument to help poor countries tackle long-term structural challenges such as climate change. Rwanda’s $319m loan under the Resilience and Sustainability Trust (RST) will help facilitate green public investment, mitigate financial risk and strengthen balance-of-payments stability, the IMF said […]
Platform Gives Kenyan Investors Easier Access to Stocks
A recent report by the United Nations Conference on Trade and Development (UNCTAD) revealed that over four million Kenyans own digital assets – almost three times the number that own shares. UNCTAD added that 8.5% of Kenya’s population own crypto, the highest percentage of any African country. Under this model, investors can buy a certain […]
Investors are Paying for Ghana’s Expensive Ventures
Last week, Ghana made the tough choice of asking its local bondholders to accept losses on interest payments. It made this decision through a debt swap, aiming to restructure its debt as part of requirements to qualify for an IMF loan. According to Ken Ofori-Atta, Ghana’s Finance Minister, the country will replace existing local-currency debt […]
Standard Bank Signs $750m Sustainability-linked Syndicated Term Loan
The facility, co-ordinated by Bank of America, Mizuho and SMBC Bank International is Standard Bank Group’s inaugural sustainability-linked loan. The margin on the loan is linked to Standard Bank’s performance against three sustainability key performance indicators (“KPIs”). The KPIs align with the Group’s sustainability strategy and relate to committed financing of renewable energy power plants […]
A Bespoke E-commerce Platform for African Vendors
Zambia is looking to sell a Gulfstream G650ER jet bought for the presidency for $194.9 million in 2019 as it seeks to cut costs. President Hakainde Hichilema pledged to offload the plane once elected and hasn’t used it since taking office in August last year, opting rather for commercial flights or an older presidential jet. […]
Op-Ed: Why Eskom CEO’s Resignation is a Huge Setback for the State-owned Power Utility and South Africa
Andre De Ruyter’s announcement came a few days after the country was told that the renewable energy programme, a necessary part of South Africa’s energy future and a low-cost solution to the energy shortfall, will only award the solar tenders of Bid Window 6, adding a miserable 860 MW to the energy grid. This is […]
Meet the 20 Rural Impacting Entrepreneurship Research Project
Small Foundation and Village Capital have selected 20 African entrepreneur support organisations (ESOs) that work with rural-impacting enterprises in Sub-Saharan Africa to take part in the Rural Impacting Entrepreneurship research project aimed at identifying gaps and solutions to deepen impact within the rural business ecosystem and develop a thriving support community. The Rural Impacting Entrepreneurship […]
Deals, The Defenders And A Drive For Equality Can Sum Up The US-Africa Leaders Summit
African leaders came to this year’s summit emboldened, with a keen awareness of the cards that they hold. And U.S. President Joe Biden’s opening speech captured this aptly when he said, “The United States is all in on Africa’s future.” The US-government has wrapped up its hosting of 49 African leaders and the African Union […]
Integrated Health Corridors: Delivering Accessible, Quality Healthcare To Vulnerable Populations Across Emerging Markets
By Massimiliano (Max) Colella, the CEO of Evercare Accessibility to quality healthcare is commonly regarded as a fundamental human right for every person. This is outlined in the Sustainable Development Goal 3 (SDG3) of the United Nations, which states that we should ‘ensure healthy lives and promote the well-being of all, at all ages.’1 However, inequity […]
