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Sunday, February 5, 2023

The African Business - News About African business

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Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

Zimbabwe cuts world’s highest interest rate as inflation eases

Convergence Partners raises $296 million to drive digital inclusion across Africa
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Business

Shell oil tanker questioned over payment of losses and damages

Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

Richest African man building fourth cement plant in Nigeria

World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

Global tech billionaires eye Zambia’s electric vehicle battery mines

Africa will have 57 million pay TV subscribers by 2028, report

Africa startups defy funding slump as debt financing fuels growth

Port of Maputo achieves new handling record, sees soaring chrome throughput

Court told Anglo turned blind eye to Zambian lead poisoning
Finance

Digital banking revolution can help SA banks regain their customers’ love, says BCG

Nigeria launches payments card program to rival Visa and Mastercard

Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

There was a 25% increase in finance app installs across Africa between 2021 and 2022

Yellow Card expands payment feature across Africa

Government starts payment of $674,5M matured securities

South African rand steady with investor focus on Fed minutes

South Africa recently declared bitcoin and other cryptocurrencies to be financial products
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Green Economy

BasiGo signs with AVA to assemble 1,000 electric buses in Mombasa

by TAB

28/01/2023

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Green Economy

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Low-carbon investments to rise by $60b in 2023 as inflation weakens, hydrogen and CCUS spending to surge, Rystad Energy

by TAB

17/01/2023

Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but...

Renewables can provide nearly 60% of Nigeria’s energy demand by 2050, IRENA

by TAB

14/01/2023

Nearly 60 per cent of Nigeria’s energy demand in 2050 can be met with renewable energy sources, saving 40% in...

World’s largest manmade dam has less than 1% of usable water

by TAB

04/01/2023

Water levels at the Kariba reservoir plunged to a record low of less than 1%, curtailing power supply to Zambia...

Morocco increases irrigation budget

by TAB

06/12/2022

Morocco increases irrigation budget The government of Morocco has increased the budget set for irrigation. The country’s Head of Government...

SEFA approves $1 million grant to develop bioenergy plants in Ghana

by TAB

02/12/2022

SEFA approves $1 million grant to develop bioenergy plants in Ghana The Sustainable Energy Fund for Africa (SEFA) has approved a...

KfW and AFD provide €600 million for energy transition

by TAB

30/11/2022

The French Development Agency (AFD) and the German Development Agency (KfW) are providing 600 million euros in loans and grants...

Islamic Development Bank contributes $13 billion in climate finance, adaptation and mitigation: Bank President

by TAB

09/11/2022

Islamic Development Bank contributes $13 billion in climate finance, adaptation and mitigation: Bank President Mohamed Al-Jasser, President of the Islamic...

Nigerian Breweries, CrossBoundary sign $10m renewable energy partnership

by TAB

08/11/2022

Nigerian Breweries, CrossBoundary sign $10m renewable energy partnership Nigerian Breweries (NB) and CrossBoundary Energy announced the commencement of two renewable...