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GCF approves $50m in equity for fund aiming to advance renewable energy investment in Africa
26th October 2023 By: Tasneem Bulbulia

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... 


Stanlib, Standard Bank, Liberty to launch Energy Transition Fund
25th October 2023 By: Tasneem Bulbulia

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.... 


Cláudia Conceição appointed IFC Southern Africa regional director
25th October 2023 By: Tasneem Bulbulia

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... 


African SME-focused private capital fund has reached final closure
24th October 2023 By: Rebecca Campbell

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... 


Afreximbank, Export-Import Bank of China sign $600m loan to fund loans, trade finance transactions
20th October 2023 By: Schalk Burger

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... 


FNB Private Segment CEO Sizwe Nxedlana
FNB launches consumer carbon calculator, offset service on app
18th October 2023 By: Schalk Burger

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... 


DP World secures $364m sub-Saharan Africa logistics and market expansion facility
17th October 2023 By: Schalk Burger

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... 


Solar PV panels being installed
Nedbank concludes R2.1bn bond to fund private renewable energy projects
17th October 2023 By: Schalk Burger

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... 


More green industrial policy support needed in commodity-dependent countries
10th October 2023 By: Darren Parker

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... 


TymeBank’s customer base has reached eight-million
10th October 2023 By: Darren Parker

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... 


International Monetary Fund MD Kristalina Georgieva and African Development Bank Group President Dr Akinwumi Adesina
IMF, AfDB urge African countries not to borrow against their natural resources
9th October 2023 By: Darren Parker

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... 


Savca appoints five new board members
6th October 2023 By: Marleny Arnoldi

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 (JBS) Professor of Practice, Bidvest Group and SBV Services chairperson and World Economic Forum Community of Chairpersons member Bonang Mohale
Education key to changing the fortunes of South Africans
4th October 2023 By: Darren Parker

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... 


Sustainability reporting to be even more ubiquitous going forward
4th October 2023 By: Darren Parker

The International Financial Reporting Standards (IFRS) Foundation’s International Sustainability Standards Board (ISSB) board member Dr Ndidi Nnoli-Edozien has emphasised the undeniable ongoing... 


Half of CEOs express doubts over Brics benefits, but confidence index improves
3rd October 2023 By: Tasneem Bulbulia

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,... 


SOLmate COO Jonathan Holden
Digital wallets support growth of people's financial identities, habits
3rd October 2023 By: Schalk Burger

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... 


National Treasury makes two new appointments
29th September 2023 By: Tasneem Bulbulia

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... 


DBSA highlights its contribution to infrastructure development in Africa
29th September 2023 By: Cameron Mackay

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... 


solar powered irrigation
Nithio invests in farming and irrigation technology
26th September 2023 By: Darren Parker

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,... 


Avca summit in London to unpack sustainable investment strategies in Africa
19th September 2023 By: Tasneem Bulbulia

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,... 


Stephen Linnell appointed BankservAfrica CEO
18th September 2023 By: Cameron Mackay

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... 


Saice suggests PPPs as the solution to govt’s constrained fiscus
15th September 2023 By: Cameron Mackay

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... 


participants of the FLC at Finnish embassy
Finnish Embassy launches funding for circular economy, good governance projects
15th September 2023 By: Darren Parker

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... 


ARC grows intrinsic net asset value by 15.8%, reports portfolio restructuring progress
14th September 2023 By: Schalk Burger

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... 


Just Share reports slow progress on gender diversity in leadership roles at JSE Top 40
12th September 2023 By: Cameron Mackay

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... 


Concessional climate finance essential to catalysing offshore wind developments – report
8th September 2023 By: Tasneem Bulbulia

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... 


Survey shows improved Southern African private equity performance
7th September 2023 By: Cameron Mackay

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... 


Standard Bank holds its ninth hackathon
5th September 2023 By: Schalk Burger

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... 


Allianz board member Christopher Townsend
New SanlamAllianz partnership to provide insurance, financial services in 27 African markets
5th September 2023 By: Schalk Burger

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... 


Pieter Smit appointed acting director of FIC
4th September 2023 By: Darren Parker

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... 


Kinetiko expects to complete Afro Energy buyout soon
4th September 2023 By: Darren Parker

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... 


BLSA CEO Busisiwe Mavuso
BLSA funds new anti-corruption guide
4th September 2023 By: Darren Parker

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... 


An image of  International Monetary Fund first deputy MD Gita Gopinath
Fiscal consolidation, structural reform key to bolstering South Africa’s economic growth – IMF
31st August 2023 By: Tasneem Bulbulia

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... 


Afreximbank, CDB sign $400m loan to support SMEs
29th August 2023 By: Tasneem Bulbulia

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... 


An image of Dr Lova Marline from Madagascar
Jennifer Ward-Oppenheimer Research Grant shortlist announced
25th August 2023 By: Tasneem Bulbulia

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. 


IFC issues Zambian bond
25th August 2023 By: Tasneem Bulbulia

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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