Category Archives: Africa

Nampak to sell its liquid cartons, Zambia and Malawi businesses (EN)

The selling parties include Nampak Products, Nampak International, Nampak Southern Africa Holdings and Transmar, all of which are Nampak group companies. The buyers include Corvest 15, Diversified Liquid Packaging Group and Liquid Cartons, with Dlondlobala Capital acting as fund manager of D Capital Fund 1, as part of the consortium. Click here to read the full article

Anti-LGBT+ law puts Ghana’s IMF and World Bank funding at risk, finance ministry warns (FT)

Implementing an anti-LGBT+ law passed by Ghana’s parliament could derail the west African country’s funding from multilateral institutions, including the World Bank and IMF, the finance ministry has warned. Ghana, which is seeking to recover from its worst economic crisis in a generation, could lose $3.8bn in World Bank financing over the next five to […]
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Bankly Launches Microfinance Bank(ITNA)

Nigeria| Bankly, a popular Fintech company specializing in payment processing, has announced the launch of Bankly Microfinance Bank, marking a significant milestone in their journey to provide accessible financial solutions in Nigeria.The launch event held in Lagos showcased the newly introduced Group Savings features on the Bankly App. Bankly’s mission, which began in 2019, aims […]
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5G connections in Africa to increase 50-fold by 2028(M&G)

Growing adoption of 5G technology across Africa is set to drive a staggering 47-fold increase in subscriptions in the next five years, not counting North Africa, according to a recent report. According to the latest Ericsson Mobility Report 2023, 5G subscriptions will grow from a relatively modest base of 3 million last December to a […]
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Senegal secures $2.7bn in climate finance from G-7 nations (Moneyweb)

The deal is modeled after one South Africa is pursuing with G-7 countries and several institutions to access $8.5 billion in climate finance. Senegal has secured 2.5 billion euros ($2.7 billion) of funding from Group of Seven countries to transition to cleaner energy, making it the first country that doesn’t rely on coal for electricity […]
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Farming in South Africa is being hobbled by power cuts and poor roads. Rural towns are being hit hardest (The Conversation)

South Africa’s agriculture has had great consecutive seasons since 2019/20. The sector’s gross value added grew by 14.9% in 2020, 8.8% in 2021 and modestly by 0.3% in 2022 . This was primarily supported by favourable weather conditions. The current season is also likely to deliver solid growth for the sector, with variation across sub-sectors. […]
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New GIBS article: Home country (in)stability and the locational portfolio construction of emerging market multinational enterprise by Helena Bernard and John Luiz

Emerging markets often experience instability due to rapid changes to the institutional environment, social changes like rapid urbanization, or even unrest. We argue that emerging market multinationals (EMNEs) manage such instability by constructing and changing locational portfolios, and qualitatively analyze six cases in South Africa over a period that included the entrenchment of Apartheid, increasing […]
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Energy business trends start blowing in Africa’s favor (CGTN)

For the moment, Africa stands poised for stronger economic growth, despite the headwinds. The European Union (EU) member states and United Kingdom (UK) have urgency to find energy resources from other countries, while they transition away from Russian energy imports after Russian President Vladimir Putin had launched the ‘Special Military Operation’ in Ukraine starting on […]
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This investor wants to invest R290m into 20 SA businesses. But they must be ‘revolutionary’(BI)

SA does not take startups seriously Though Akindele wants to do deals across the globe – as long as they benefit Africa – he is keen to invest in South African ventures. Platform Capital set up offices in Johannesburg nine months ago and aims to invest $20m in 20 South African businesses a year. The […]
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Stricter transformation and BEE rules planned for South Africa’s banking and finance sector (BT)

The financial sector is a key contributor to the South African economy and is an important component in driving a transformation of the economy and ensuring greater inclusivity in economic activities, the regulator said. Since democracy, there has been some progress made toward both economic transformation in general and financial sector transformation specifically. However, it […]
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