The African Development Bank (AfDB) will withdraw its international employees from Ethiopia following what it said was an assault on its staff members by government security forces, two sources... 

Development finance institution the Development Bank of Southern Africa (DBSA) and African local government organisation United Cities and Local Governments of Africa (UCLG Africa) have committed... 

The World Bank will make $100-million available to the Consortium of International Agricultural Research Centres (CGIAR) through the bank’s International Development Association (IDA) as part of... 

Financial institution Standard Bank has successfully signed a $400-million sustainability-linked syndicated term loan. The facility, coordinated by the Industrial and Commercial Bank of China’s... 

At the Nedbank Green Indaba, held on November 30, Nedbank Corporate Social Investment executive head Poovi Pillay announced that the bank had set up its Green Economy Fund with initial capital of... 

Card payments company UnionPay International has appointed automated clearing house BankservAfrica as the domestic processor for all of UnionPay's card issuing and acquiring services across its... 

South African development funder the Industrial Development Corporation (IDC) and Saudi Arabia-based electric power generation company ACWA Power Company signed a joint development agreement term... 

The African Development Bank (AfDB) Group approved a grant of $33.25-million to Mozambique to implement the Songo-Matambo electricity transport line project, during a meeting in Abidjan on December... 

Global payment technology company Mastercard has partnered with financial services provider Bidvest Bank to provide a solution called Bidvest Bank BidSend that allows customers to send... 

Investment management company Momentum Investments has established the Momentum Investments Research Chair for research into machine learning (ML) in finance in conjunction with Stellenbosch... 

State-owned utility Eskom announces that multilateral development bank the World Bank, a key strategic creditor of the entity, has granted its consent for the proposed legal separation of the... 

Investment holding and management company Invicta Holdings achieved a robust performance for the six months ended September 30, with revenue having increased by 12% to R4.3-billion. The increase of... 

Financial services provider Standard Bank has denied manipulating the value of the rand and having any involvement in anticompetitive or criminal conduct, despite admitting fault before the... 

Payments services multinational Mastercard has completed the construction of significant new technological infrastructure in South Africa that will enable the company to process transactions... 

Corruption has long been an unhappy and increasingly harmful feature of the South African political, economic and business landscape. The extreme scale of this insidious problem came into sharp... 

Although the country’s “big five” banks have expressed their commitment to climate action, four of the five have increased their financing and exposure to fossil fuels over the reporting year. This... 

Investor marketing agency Ince has partnered with investment firm Miller Capital Investments founder Paul Miller to launch financial service Utshalo, which is designed to address challenges faced... 

According to a new global insolvency report published by credit insurer Allianz Trade, operating in South Africa through the Allianz Commercial licence, economic resilience has been tested and... 

To bolster South Africa’s capacity to investigate and prosecute financial crime, the Banking Association South Africa (Basa) and the South African Banking Risk Information Centre (Sabric) have... 

Development finance institutions (DFIs) led by the African Development Bank (AfDB) have partnered to finance $3-billion in a private sector-focused Alliance for Special Agro-Industrial Processing... 

The JSE Ventures on November 9 launched a new Voluntary Carbon Market, in partnership with global environmental markets infrastructure provider Xpansiv. This initiative is aimed at allowing local... 

An increasing number of South African taxpayers believe the quality of service delivered by the South African Revenue Service (Sars) is improving, professional services firm PwC’s newly released... 

UK government-funded technical assistance organisation the Climate Finance Accelerator (CFA) South Africa has called for proposals for low-carbon projects that are seeking finance and which can... 

South Africa's economic growth is projected to decelerate from 1.9% in 2022 to 0.4% this year, before picking up to 1.3% in 2024, according to data and analytics company GlobalData.  This comes as... 

Following on the heels of the Springbok’s fourth Rugby World Cup win, Business Leadership South Africa (BLSA) CEO Busi Mavuso has said the Medium-Term Budget Policy Statement (MTBPS), set to be... 

Investment firm Bravura Energy has launched a Solar Fund for the exclusive investment in solar photovoltaic (PV) projects. The fund generates income through triple net power purchase agreements... 

Increasing the threshold for embedded projects has been the biggest positive policy change in unblocking private power purchase agreements (PPAs) and stimulating South Africa’s energy transition,... 

The Green Climate Fund (GCF) has approved the allocation of $50-million in equity to REPP 2, a new debt fund providing an opportunity to invest in sub-Saharan Africa’s fast-growing renewable energy... 

Investment manager Stanlib, together with group companies Standard Bank and Liberty, is launching a large-scale Energy Transition Fund to assist with the energy transition across the continent.... 

World Bank Group member the International Finance Corporation (IFC)  has appointed Cláudia Conceição as Southern Africa regional director. In her new role, Conceição will lead the IFC’s strategy... 

BluePeak Private Capital (BluePeak) announced on Tuesday that it has achieved final closing of its $156-million inaugural fund, the BluePeak Private Capital Fund SCSp. BluePeak describes itself as... 

The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (Cexim) have signed a $600-million loan to fund loans and trade finance transactions. The purpose of the loan is to... 

Financial services firm FNB has launched nav» Earth on its application (app), which uses spending habits to estimate users' carbon emissions and allows them to offset unavoidable emissions. The... 

Logistics parks and facilities company DP World has concluded a $365.1-million facility agreement with financial services firm Standard Bank to support its logistics and market access expansion... 

Financial services firm Nedbank has concluded a R2.1-billion Green Private Power Tier 2 Bond, listed on the sustainability segment of the JSE, with the proceeds to focus on notionally funding...