December 15, 2020//-The ongoing COVID-19 crisis has had a devastating impact on small and medium-size enterprises (SMEs) in South Africa.
Category: Investing
African Dev’t Bank Approves $14.96m Project to Boost Women Entrepreneurs in Sudan
Abidjan, Côte d’Ivoire, 15 December 2020// – The Board of Directors of the African Development Bank has approved financing for a $14.96 million project to help women in Sudan access finance and grow their businesses.
Nordic Dev’t Fund Extends Grant to African Water Facility for COVID-19 Recovery
Abidjan, Ivory Coast, December 14, 2020 – The Board of Directors of the Nordic Development Fund (NDF) has approved $8.8 million in grant funding to the African Water Facility (AWF) to bolster investments in COVID-19 recovery and preparation for investment of water supply, sanitation, and integrated water resources management projects in the Sahel and the Horn of […]
Rich Kenyans Race to Buy Caribbean Citizenship
Nairobi, Kenya, December 11, 2020//-Wealthy Kenyans have stepped up the search for a second passport in the exclusive small Caribbean island nations of Dominica and St. Kitts and Nevis amid anxieties about the next elections and the effects of Covid-19 on the economy.
Tony Elumelu Foundation, EU Partner to Transform Economic Empowerment of African Women
Lagos, Nigeria, December 10, 2020//-The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy committed to empowering young African entrepreneurs, has announced a partnership with the European Union (EU) to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021.
IFC Provides $50m Loan to Produbanco to Support Economic Recovery in Ecuador
Quito, Ecuador, December 9, 2020//- IFC, a member of the World Bank Group, has provided a senior loan of $50 million to Banco de la Producción S.A. Produbanco, a large local bank member of Promerica Financial Corporation, one of Central America´s largest financial conglomerates.
COVID-19 Drives Large International Trade Declines In 2020
Geneva, Switzerland, December 9, 2020 – According to UNCTAD’s latest nowcasts (run on 8.12.2020), the value of global merchandise trade is predicted to fall by 5.6% in 2020 compared with last year.
Ghana Looks to Investor-friendly Reforms and Digital Transformation to Drive Post-pandemic Recovery
Accra, December 7, 2020: Ghana’s plans to overhaul its regulatory system and establish a one-stop shop for investors as part of broader efforts to boost FDI are explored in a new Covid-19 Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with the Ghana Investment Promotion Centre (GIPC).
Survey: Two-thirds of Millennials Prefer Bitcoin to Gold as Safe-haven
December 4, 2020//-Millennials prefer Bitcoin to gold as a safe-haven asset, a new global survey from one of the world’s largest independent financial advisory and fintech organisations has revealed.
Nestlé, Others to Empower Informal Retail Traders Across Eastern, Southern Africa Region
Johannesburg, South Africa, December 2, 2020/ — Informal retail Micro, Small and Medium-Sized Enterprises (MSMEs) across the Eastern and Southern Africa Region (ESAR) are set to receive a technological and operational boost for their businesses, thanks to Nestlé, Nomanini and Standard Bank.