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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...
The United Nations Conference on Trade and Development (Unctad) has called on the global community to provide support for green industrial policies in commodity-dependent developing countries to...
Digital bank TymeBank has announced that it has onboarded eight-million customers as at October 6, which means one in every five South Africans over the age of 16 now has a TymeBank account. “We...
The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group (AfDB) urging countries in Africa to stop borrowing loans backed by their natural...
The Southern African Venture Capital and Private Equity Association (Savca) has appointed five new members, including Darshan Daya, Edmund Higenbottam, Liz Kolobe, Ria Papier and Nicola Gubb, to...
University of the Free State Chancellor, Johannesburg Business School Professor of Practice, Bidvest Group and SBV Services chairperson and World Economic Forum Community of Chairpersons member...
The International Financial Reporting Standards (IFRS) Foundation’s International Sustainability Standards Board (ISSB) board member Dr Ndidi Nnoli-Edozien has emphasised the undeniable ongoing...
This quarter’s Merchantec CEO Confidence Index (MCCI) indicates that 55% of CEOs that were surveyed harbour doubts about the potential benefits of South Africa's association with the Brazil,...
Digital wallets, which leverage people's cellphones to enable them to store, move and pay money via a digital platform, are helping them to establish financial identities and also to develop good...
The National Treasury has appointed Mmakgoshi Lekhethe as Asset and Liability Management deputy director-general and Christopher Axelson as DP Tax and Financial Sector Policy acting deputy, with...
Development finance institution (DFI) the Development Bank of Southern Africa (DBSA) head of energy, environment and information and communications technology (ICT) Mathapelo Malao has emphasised...
African energy finance platform Nithio has invested in solar irrigation and farming technology solutions company SunCulture. The investment was made through Nithio investment vehicle Nithio FI,...
Pan-African industry association the African Private Capital Association (Avca) will host the second edition of the Sustainable Investing in Africa Summit, at the Sheraton Grand, Park Lane, London,...
Financial market infrastructure firm BankservAfrica has appointed Stephen Linnell as CEO, effective from October 1 this year. “Linnell’s credentials as a dynamic executive across a wide range of...
The South African Institution of Civil Engineering (Saice) suggests an alternative solution that will assist the National Treasury as it grapples with the country’s constrained fiscus. In a letter...
The Embassy of Finland has launched its support for several South Africa-based projects – two circular economy projects and two projects focused on promoting good governance under its Fund for...
JSE-listed investment holding company African Rainbow Capital (ARC) increased its intrinsic net asset value by 15.8% year-on-year to R15.3-billion for the financial year ended June 30, while its...
Nonprofit organisation Just Share has released the results of a study assessing gender equality at board and executive level at the JSE Top 40. “While women make up 46% of South Africa’s...
A new report published by the World Bank’s Energy Sector Management Assistance Programme (ESMAP) and the International Finance Corporation (IFC) finds that concessional climate financing is...
Management consulting company EY Africa private capital leader and partner Graham Stokoe on September 7 discussed key findings of the Southern African Venture Capital and Private Equity...
Financial services firm Standard Bank is holding the ninth yearly two-day Kuunda Disrupt Hackathon, which is aimed at harnessing the creative power of its people to tackle client pain points. The...
Non-banking financial services group Sanlam and insurance and asset management group Allianz will create a pan-African non-banking financial services joint venture (JV) called SanlamAllianz with a...
Finance Minister Enoch Godongwana has appointed Adv Pieter Smit as the acting director of the Financial Intelligence Centre (FIC), in accordance with Section 8 of the FIC Act. Smit's tenure as...
Energy company Kinetiko Energy expects that it will formally close the acquisition of 100% of Afro Energy within the next few weeks. Australia-headquartered Kinetiko is developing an energy...
Business Leadership South Africa (BLSA) has provided funding for the Gordon Institute of Business Science (GIBS) to produce a guide for South African companies to fight corruption. BLSA CEO...
With tough global economic financial conditions and the rising needs and development priorities that South Africa has, government must better manage its fiscal situation, as well as address its...
State-owned development finance institution the China Development Bank (CDB) on August 29 signed a development-focused agreement to provide private banking company the African Export-Import Bank...
The Jennifer Ward-Oppenheimer Research Grant has announced its shortlist of top five researchers for this year. To date, it has awarded $600 000 to researchers across Africa.
World Bank Group member the International Finance Corporation (IFC) has issued a 193.2-million Zambian kwacha bond – equivalent to about $10-million – to support the development of the country’s...
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