Tag Archives: private sector

The Western world has pushed African countries to seek unfair loans from China – Olawale Rasheed

Olawale Rasheed, CEO of African Railway Consulting Ltd., in this interview with Daily Trust, said that Western countries’ focus on funding soft development projects and promoting LGBT and campaigns against female genital mutilation women, among others, has pushed African leaders to opt for Chinese. loans to finance the infrastructure that …

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NSFAS reaches out to private sector amid financial uncertainty

Management says the student funding program faces a number of challenges, such as its administrative budget, which does not match the growth of the organization. FILE: Students are requested to sign loan agreements when they receive funding confirmation from Nsfas to avoid delays in receiving stipends. Photo: EWN. CAPE TOWN …

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UCT GSB partners with six other institutions to launch the African School of Regulation initiative

PRESS OFFICE: UCT Graduate School of Business The initiative to create the African School of Regulation (ASR) was launched through a scientific knowledge partnership agreement between the European University Institute (EUI), the Graduate School of Business (GSB) of the University of Cape Town , the Pan-African University Institute for Water …

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How to create a million jobs in South Africa

Creating a million jobs isn’t necessarily easy, but it isn’t rocket science either. It just takes a lot of courage on the part of our government, which has spoken much better than done when it comes to our economy. President Cyril Ramaphosa delivered a positive state of the nation address …

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The American Build Back Better World must invest in physical infrastructure

Infrastructure is a theme I have come back to many times, both in these pages and elsewhere. It is the backbone on which any functioning economy rests, and the global infrastructure needs are enormous. Functioning infrastructure improves productivity and competitiveness and “helps provide economic incentives to public and private sector …

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Health Sector Financing Strategies in Africa

Never before in the last half-century has the healthcare landscape in Africa seen so much change and so much interest. In fact, the health care sector in Africa would be worth an estimated $259 billion by 2030. While these trends reveal a lucrative opportunity for the private sector, if not …

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AFEX seeks to raise $175m to finance agro-processors in Africa

AFEX, one of Nigeria’s commodity players, says it is seeking to raise $175 million under its bid to provide low-cost financing to agro-processors in Africa. In a statement on Monday, the commodity exchange firm said the new funding will be raised via asset-backed commercial paper (ABCP). ABCP is a short-term …

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Emerging Market Trends 2021: Digital Transformation

The onset of the pandemic in 2020 resulted in a global acceleration in the adoption of digital platforms and services. This push has solidified in 2021 as it has become clear – in both emerging and developed economies – that digital is the new normal. As different countries and regions …

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Resilient urban cities: what are they and why are they important?

The views and opinions expressed in this article are those of the author. To solve the climate emergency, the city’s investments in green infrastructure that ensure social and racial equity are the way forward to have impact at scale. The Glasgow Climate Pact calls for action, but a few days …

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Alither Rutendo Mutsago-Makanya | London Business School

Degree Program: Executive MBA Dubai Global Nationality: British / Zimbabwean Profile Post-employment program: Senior Business Strategy Advisor, Qatar Development Bank With a life and career spanning three continents, Alither Rutendo Mutsago-Makanya has a truly global outlook. After spending her youth in Zimbabwe and later in Cape Town, she has since …

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Debt Service Costs Keeping Us From Improving Basic Needs

David Masondo was speaking Tuesday at a joint meeting of Parliament’s finance and appropriations committees. Deputy Finance Minister David Masondo. Photo: @ BlackBCouncil / Twitter CAPE TOWN – Deputy Finance Minister David Masondo has said billions more could be spent on health, education and other needs if the money does …

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Africa’s $ 100 billion pledged to mitigate climate change may not be achieved – Ministry of Finance

It appears that the $ 100 billion pledged annually to African countries by developed countries to mitigate the negative impact of climate change may not be honored. Although African countries contribute less than 3% of global emissions, the continent bears the brunt of it. The G-20 is responsible for 80% …

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Committee on the Elimination of Discrimination against Women experts commend South Africa for its strong political will to support

The Committee on the Elimination of Discrimination against Women today concluded its consideration of South Africa’s fifth periodic report, with Committee experts commending South Africa’s strong political will to supporting women’s rights and questioning the efforts being made to mitigate gender-based violence in the country. A Committee expert praised South …

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South Africa concludes ‘turning to’ funding agreement to re …

The European Union, Germany, France, UK and US have partnered to support South Africa’s climate action goals by helping finance the shift from its heavy reliance on coal to cleaner and renewable sources of energy. The countries, which announced their partnership with South Africa during the COP26 climate negotiations in …

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The government must shed light on the just …

‘Just transition’, a term frequently heard in adaptation to climate change, refers to the need to preserve the livelihoods of workers as countries move towards a climate-resilient and low-carbon economy and society. . In his October 11 bulletin, President Cyril Ramaphosa said that many important sectors of the economy would …

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Afreximbank loan approvals in Nigeria amount to 5.5 billion naira – Nairametrics

Afreximbank’s total loan approvals in Nigeria have now reached 5.5 billion naira, representing 26.8% of its African portfolio. This was revealed by Dr George Elombi, executive vice president of corporate governance and legal services at Afreximbank, during the official high-level tour of the Intra-African Trade Fair 2021 in Lagos on …

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As Johannesburg grapples with systemic firefighting issues, pr …

After several criticisms of residents and a court of law, there has been little or no improvement in the city of Johannesburg’s firefighting capabilities in recent years, opening up a void in the private firefighter market. Robert Mulaudzi, spokesperson for the emergency services of the city of Johannesburg, confirmed that …

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Loan approvals, applications abandoned in the last three months

By MARTIN LUTHER OKETCH Loan applications fell in the quarter ended in August, according to data from the Bank of Uganda. The fall, the central bank said, is the result of the slow economic recovery, with banks remaining cautious about what and to whom they lend. During the period ending …

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Waste pickers should be seen as essential workers: New Frame

Waste pickers are everywhere and invisible at the same time. These efficient environmental workers operate on the fringes of society. Although they are at the heart of waste management processes around the world, recycling being one of the most economical and efficient ways to reduce greenhouse gas emissions, they are …

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Sustainable infrastructure development at the forefront in South Africa

The president said there would be an amendment to the Infrastructure Development Act. Although the nature of the changes was not explicitly mentioned by Ramphosa, it seems likely that they would aim to bridge a disconnect between the current law and the establishment of the ISA, the implementation of the …

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South African rivers are suffocating with waste due to a total lack of accounts …

Mountains of rubbish against a bridge pylon over the Jukskei River, Alexandra Township. (Photo: Angus Begg) No one wants to take responsibility for the number of E. coli or mountains of garbage. First published in the Daily Maverick 168 weekly newspaper. There are 52 million counts of E. coli per …

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NOTICE | Gita Kamath: Seeing the Stars – Australia and South Africa’s Growing Science and Technology Linkages

The MeerKAT telescope, precursor of SKA, in the North Cape. Photo: Jaco Marais As we address the many challenges the world faces today, including climate change, food insecurity and the Covid-19 pandemic, we must harness the power of scientific collaboration, writes the High Commissioner Australian in South Africa, Gita Kamath. …

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Sun Exchange Raises $ 2.5 Million Funding to Expand Offering

Sun Exchange has secured $ 2.5 million in the form of a convertible note from CAMBER Emerging Markets Partners Limited Africa Renewable Energy Fund (ARPF). The same company was also responsible for Sun Exchange’s previous $ 3 million investment as a lead investor in the Serie A startup funding round. …

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Mpho Phalatsé | What the DA can do for Jozi

VOICE The city of Johannesburg was submerged by a black cloud. Poor governance, unethical behavior and corruption are the order of the day in the corridors of power. During my listening tours, I have personally seen how corrupt practices destroy lives and livelihoods. For example, instead of putting in place …

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OPINION: Bill Gates – Doing better and listening to African civil society

by Community Alliance for Global Justice / AGRA Watch Earlier this year, several media outlets made alarming headlines about Bill Gates’ status as the largest private owner of farmland in the United States. Alliance for a Green Revolution in Africa (AGRA). African civil society organizations have spoken out against AGRA’s …

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How Emerging Economies Can Overcome Private Sector Risk Perception

The perception of risk associated with investing in emerging markets remains one of the limiting opportunities for a sustainable post-COVID economic recovery. Adopting a more holistic approach to risk mitigation is necessary to improve a country’s attractiveness and business environment and private capital projects. Risk mitigation should be understood as …

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Wits leads ambitious partnership to boost AI in Africa

Professor Zeblon Vilakazi, Vice-Chancellor of the University of Wits Whis university today invited the African research community to join its new IA Africa Consortium which aims to develop a collaborative network centered on advances in artificial intelligence (IA) and the application of AI in research and innovation. On the occasion …

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Africa’s park tourism crash is a wake-up call

THAT African governments have failed to raise funds to conserve their vast protected areas is beyond doubt. Countries barely managed to pay basic salaries to rangers who barely had enough to power their patrol vehicles. COVID-19 has exacerbated this already dire situation, with the loss of income from foreign tourism. …

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IFC to invest $ 3 million to improve access to medical diagnostics in Ghana

The International Finance Corporation (IFC) has signed a partnership agreement with South African radiology specialist Bergman, Ross and Partners Incorporated (BRP) to increase access to world-class medical diagnostic services in Ghana. As part of the partnership, IFC would invest approximately $ 3 million in Quest Medical Imaging (QMI) to build …

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Exclusive: DA Shadow Health MEC Criticizes Pace Of Reopening Of Charlotte Maxeke Hospital News South Africa

In an exclusive interview with Briefly News, Democratic Alliance (DA) Shadow Health MEC Jack Bloom criticized the pace of the reopening of Charlotte Maxeke University Hospital in Johannesburg. The hospital has seen parts of it reopen following the fire that ravaged it, with several other parts not due to reopen …

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Partners strengthen Africa’s fight against COVID-19 and poverty

An engineer works at the Soroti power plant in Uganda in December 2016. The plant was developed in partnership with USAID’s Power Africa. (© Isaac Kasamani / AFP / Getty Images) The United States and its international partners are investing $ 80 billion in Africa’s private sector to help end …

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Seychelles: African Development Bank approves $ 20 million loan to support Covid-19 recovery – Seychelles

The Board of Directors of the African Development Bank Group approved a flexible loan of $ 20 million to finance the Seychelles Governance and Economic Reform Support Program, which is expected to contribute to the macroeconomic stability of the island nation and recovery after Covid-19 in the medium term. The …

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Why patience is a virtue in the race to reach net zero

Infrastructure projects in emerging and frontier markets are seldom financially viable on their own due to financial, technical and regulatory barriers. “Patient capital” provides the time and space to start high quality infrastructure projects. Targeted investments of public funds can catalyze private sector investments in infrastructure projects that contribute to …

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Sudan approved debt relief, $ 2.5 billion in IMF funding

Sudan’s unusually high debt burden A country in the throes of a deep economic crisis Government struggles to finance imports Prime Minister welcomes “big day” June 29 (Reuters) – Sudan on Tuesday received approval from the International Monetary Fund for more than $ 56 billion in debt relief and new …

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Agricultural exporters demand more improvements at Cape Town port

Western Cape AGRICULTURAL exporters welcomed the planned improvements to the Cape Town port, but warned that bottlenecks would jeopardize market access and have a financial impact on the sector. This week, President Cyril Ramaphosa announced that the National Ports Authority would be an independent subsidiary of Transnet in order to …

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Alok Sharma to address the African Development Bank in June 2021

Greetings to all of you. And thank you for inviting me to join you today. My friends, I am absolutely determined that COP26 will be a COP in the service of African nations. That it will support the countries of this continent to respond to the climate crisis, to seize …

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Life in Big Cities: How Stressful Is Your Neighborhood?

A study has shown that South Africans still place the most emphasis on money. (Photo by Kelly Lacy on Unsplash) Stress is an inevitable part of our life. Having lived through one of the most trying years, it’s interesting to see where South African cities stand on the stress meter. …

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The digital divide risks leaving millions of rural families in poverty

Despite a massive increase in the number of migrants sending money home via digital transfers due to the COVID-19 pandemic, millions of their rural family members are struggling to access mobile banking services that could potentially affect them. help to get out of poverty. The president of the United Nations …

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GreenCape Highlights Green Investment Opportunities in New Market Reports

Featured Image: City of Cape Town Sector development agency GreenCape has launched the latest Market Intelligence Reports (MIR) which highlight investment opportunities in key sectors of the green economy. Developed each year in partnership with the Ministry of Economic Development and Tourism of the Government of the Western Cape, MIRs …

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Africa Energy Week 2021, which takes place in Cape Town; Will focus on investment, oil and gas, renewable energies and energy transition

– The African Energy Chamber (https://EnergyChamber.org) is expected to host the very first African Energy Week (AEW) in Cape Town from November 9-12, 2021. – Replacing Africa Oil Week, the four-day interactive conference aims to unite industry stakeholders, international speakers and stakeholders in the African oil and gas sector. – …

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Lift from South Africa to operate independently of SAA – Novick

Pretoria announces new SAA strategic partner 11.06.2021 – 08:02 UTC The South African-based black-owned Takatso consortium was selected as a 51% New Preferred Strategic Partner (SEP) of South African Airways (SA, Johannesburg OR Tambo), with the government retaining a 49% stake, Public Enterprise Minister Pravin Gordhan said. said in an …

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FACT SHEET: US and G7 + partners to deliver more than 2 billion vaccines globally

The United States and our G7 partners are mobilizing to defeat COVID-19 through historic funding, donations and capacity building, demonstrating how democracies can provide for our people and the world. This week in Cornwall, the United States and G7 + leaders announced more than a billion safe and effective COVID-19 …

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The role of solar energy in tackling the energy crisis in South Africa

Scatec currently has 448 MW of photovoltaic solar panels in operation in South Africa. Image: Scatec. In an effort to alleviate crippling electricity supply constraints and reduce the use of advanced diesel power plants, the South African government last August launched a technology-independent emergency tender for 2 GW of production …

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Gift of the Gives gets green light to drill boreholes in two Johannesburg hospitals

Gift of the Gives has been approved to drill boreholes in other hospitals in Johannesburg. Gauteng Health Department has granted the Gift of the Gives Foundation permission to drill boreholes at Helen Joseph Hospital and Rahima Moosa Hospital. The foundation’s water supply initiative came after the city of Johannesburg experienced …

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Climate change and the future of development finance in Africa

For three days last week, from June 1 to 3, 2021, the African Development Bank (ADB) and the Association of African Development Finance Institutions (AADFI) hosted a webinar aimed at enlightening stakeholders on the challenges and opportunities facing development finance in Africa. Some of the issues discussed include foreign direct …

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Western Cape government works with CoCT on mass Covid-19 vaccination sites

Through Mwangi Githahu June 4, 2021 Share this article: ShareTweeterShareShareShareE-mailShare Cape Town – The third wave is getting closer and closer and could arrive in the province within the next week, according to provincial health director Dr Keith Cloete. Speaking at the regular digital health and immunization press conference, Cloete …

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Outlook for Africa Finance Corporation’s rating upgraded to stable by Moody’s

NEW YORK,–(COMMERCIAL THREAD) – Africa Finance Corporation, the leading provider of infrastructure solutions in Africa, received an increase in its credit rating outlook from Moody’s Investors Service, which assigned a “stable” outlook. The decision ratifies the second investment grade ranking among African institutions for AFC, with Moody’s upholding the company’s …

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South Africa reopens window for renewable energy boom

South Africa is trying to ensure additional electricity production in a number of ways, but speed is key. The Department of Mineral Resources and Energy (DMRE) launched the Independent Renewable Energy Producer Supply Program (REIPPPP) tender window 5 in March. It will end on August 16, 2021. Bidders may submit …

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On the occasion of Africa Day, Casablanca Finance City (CFC) tackles preconceived ideas on the continent

Casablanca, Morocco – (COMMERCIAL THREAD) – Casablanca Finance City (CFC) (https://CasablancaFinanceCity.com), the leading financial center in Africa, celebrates Africa by producing a web-TV program, CFC Talks – Special Africa Day (https: // bit.ly / 3vMGMl0), to fight against preconceived ideas on the continent and raise awareness of its potential by …

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Cape Town businesses fear negative impact of adjusted curfew

Through Sisonke Mlamla 4h ago Share this article: ShareTweetShareShareShareE-mailShare Cape Town – There are fears that the recently announced curfew could negatively impact the thousands of jobs that depend on the tourism and hospitality sectors in the province. James Vos, a member of the mayor’s committee on economic opportunities and …

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Feasibility of Renewable Energy in Ethiopia by Analyzing Financing Options |

Featured Image: Stock RES4Africa and BonelliErede recently discussed project finance, mitigation tools and more in an online meeting focused on Ethiopia and its renewable perspectives. BonelliErede, an international law firm, together with the RES4Africa Foundation, an organization dedicated to promoting renewable energy in Africa, addressed the management of bankability issues …

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Hydroelectric Generation Opportunities in South Africa |

Image: Nicolas Dupont | © Pixabay.com Hydropower is an underutilized resource in Africa, which accounts for around 10% of the world’s hydropower potential. Tiaan Hendriks, Head of Power Design at SEM Solutions, is exploring small and micro hydropower as an option for South Africa. People still expect electricity to go …

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Q&A: Reflecting on Five Years of Raising Children in Crises, Emergencies and Displacement by Alison Kentish – Global

UNITED NATIONS, May 22, 2021 (IPS) – Education Cannot Wait (ECW), the global fund that brings teaching and learning to children in emergencies and protracted crises, observes five years of reaching boys and girls in some of the conflict zones and hardest hit disasters in the world. The initiative, launched …

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Team Europe launches new funding platform to support health security and resilience in Africa – World

Sustainable Health Industry for Resilience in Africa (SHIRA) to strengthen health security and resilience across Africa and address weaknesses highlighted by COVID-19 European Investment Bank and European development finance institutions mobilize private sector finance to improve health security and resilience SHIRA Supports Wider Team Europe Initiative to Strengthen Manufacture and …

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Pothole patrols return to town after 10 years

Dialdirect and Discovery insurers relaunched the pothole patrol initiative after 10 years. In collaboration with the Johannesburg Roads Agency (JRA), the unique data-driven initiative took to the streets of Sandton at the official launch on May 3 at the corner of William Nicol and Sandton Records. We are on the …

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One in ten small businesses in the UK have lost all of their business

Most suffered significant losses LONDON, June 25, 2020 / PRNewswire / – The scale of the challenge facing UK small business owners recovering from the pandemic has been revealed by a study published by Amaiz, the merchant banking app, today. During their research (carried out for them by 3Gem), 10% …

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