Washington DC, U.S, August 12, 2020 – MIGA, a member of the World Bank Group, has issued guarantees of up to $235 million to a wholly-owned subsidiary of South Africa’s FirstRand group, for a period of up to 15 years.
Category: Investing
African Ports Need to Learn the Lessons of Beirut
August 11, 2020//-The disastrous explosion in Beirut on 4 August 2020 was caused by hazardous materials stored in the port. How likely is a similar incident in an African port and what would be required to prevent it?
Global Mobility Services Revenue to Plunge by $450bn Amid COVID-19 Crisis
August 10, 2020//-As the coronavirus crisis rages, public life in all countries is grinding to a halt. The social distancing rules forced millions of people worldwide to change their daily routine, including the way they travel or use mobility services.
Support for Women Informal Workers is Urgent as Pandemic Unfolds in South Africa
Photo by Marco Longari/AFP via Getty Images Mike Rogan, Rhodes University and Caroline Skinner, University of Cape Town August 10, 2020//-Early in the COVID-19 pandemic, the International Labour Organisation predicted that measures to curb the spread of the disease would disproportionately affect women workers. This has certainly turned out to be true in South Africa.
WEF Partners Ghana to Launch First Country Financing Roadmap
Accra, Ghana, August 6, 2020//-The World Economic Forum ((WEF) is partnering with the Government of Ghana to launch the first Country Financing Roadmap (CFR) initiative in Africa.
MacKenzie Scott Invests in Deworming Innovation Fund
New York, USA, August 6, 2020,-/African Media Agency (AMA)/- MacKenzie Scott, philanthropist and novelist, recently announced that she will be supporting the work of select global organizations driving transformational social change.
How Funding Gaps Force African Startups To Become ‘Foreign Local Firms’
August 6, 2020//-Flutterwave, Tala, Paga, Paystack, Hotels.ng, Syncommerce, Breadfast, Andela, Branch, Hourspent, Truzo, Jumia, and perhaps many more.
200 Countries to Meet in Barbados to Chart New Path for Economic Recovery
Geneva, Switzerland, August 2020// – UNCTAD’s 15th quadrennial ministerial conference (UNCTAD15) to be held in Bridgetown, Barbados from 25 to 30 April 2021 will present the world with the first opportunity to align the sustainable development agenda with global efforts to recover from the COVID-19 pandemic.
Nigeria: Heirs Holdings Appoints New Group Executive Director
Lagos, Nigeria, August 5, 2020//– Pan-African investment company, Heirs Holdings (HH) has appointed Dan Okeke as Group Executive Director, effective 1st August 2020.
Trade Deficit Narrows by 20% On Reduced Imports
August 5, 2020//-Kenya’s half-year trade deficit fell by 20 percent in the first half of the year compared to the corresponding period in 2019 on the back of a lower import bill and higher export receipts.