Ireland and Austria have joined the African Development Bank’s (AfDB’s) Africa Climate Change Fund (ACCF) with contributions of €2-million and €1-million, respectively, to support the fund’s work.... 

Globally mandated development institution the OPEC Fund for International Development and multilateral financial institution Africa Finance Corporation (AFC) have signed a $50-million loan... 

The South African Revenue Service (Sars) is emerging from State capture allegations and has made progress in several areas; however, there is still considerable work to be undertaken to get the... 

Private sector bank Rand Merchant Bank (RMB) has established a New York-based representative office to facilitate greater US business flows into the African continent. RMB’s parent, FirstRand Bank,... 

African mezzanine fund manager Vantage Capital has announced the successful final close of its fourth mezzanine fund. A total of $377-million of commitments has been secured from a mix of European... 

The National Treasury’s Jobs Fund has selected Sasfin Asset Managers (SAM) and RBN Fund Managers to create a blended finance investment vehicle that expands small- and medium-sized enterprises... 

Corporate and investment banking firm Rand Merchant Bank (RMB) has appointed Isaah Mhlanga as its chief economist, with effect from from July 1. Mhlanga, who will succeed outgoing RMB chief... 

Venture capital deployed in Africa in 2022 grew compared with 2021 and the continent was the only one to attract more venture capital than in the prior year, which indicates growing trust in the... 

Private equity investment company Convergence Partners has successfully closed its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296-million, surpassing its initial target by more... 

South African pension funds remain at relatively low levels of sustainable development investment, with only 16% of the about 1 000 pension funds investing in green, social or sustainability bonds... 

Financial services provider Absa Group will list its ordinary shares for trade on A2X Markets from February 2. Absa Group will retain its primary listing on the JSE nd its issued share capital will... 

African technology startup investment platform Partech Africa’s recently released Africa technology venture capital report reveals that, despite the global venture capital downturn, the African... 

The JSE share price of steel producer ArcelorMittal South Africa (AMSA) fell by nearly 22% on January 24, after it warned of lower profits for the financial year ended December 31, 2022. In a... 

Independent power company Globeleq has completed a R1.2-billion senior debt restructuring for its 31 MW Soutpan Solar Power plant, in Limpopo, one of the first solar power plants built under South... 

Infrastructure solutions provider Africa Finance Corporation (AFC) has successfully closed a €150-million ten-year loan facility with European development finance institutions Deutsche... 

Finance Minister Enoch Godongwana has appointed Silindile Kubheka as chairperson and Lebohang Senne as board member of the Ombud Council, both for a period of three years, effective February 1.... 

Asset management business Sanlam Private Equity (SPE) has acquired a controlling stake in SkipWaste, a provider of integrated waste management solutions to commercial, industrial and retail... 

Sub-Saharan African investment company Arise has appointed Philip Odera chairperson, with effect from January 15, 2023, after Nhlanhla Nene retired from the board. Odera, who hails from Kenya,... 

Earned wages access (EWA) financial technology (fintech) solutions are helping consumers make payments in real-time for services, such as electricity and telecommunications, while also providing... 

Development finance institution (DFI) the African Development Bank (AfDB) group has approved a R2.2-billion line of credit to the Development Bank of Southern Africa (DBSA) to expand its portfolio... 

The US White House’s Prosper Africa initiative the US-Africa Business Forum’s Deal Room announced on December 14 a package of investments totalling $1-billion over the next five years, to boost... 

The African Development Bank (AfDB) and the World Wide Fund for Nature (WWF) have launched a regional report on the performance of African countries under the Strategic Plan for Biodiversity 2011 –... 

Financial services firm Nedbank has successfully concluded a R3.13-billion sustainability-linked revolving credit facility for insurance and investment management firm Old Mutual. The... 

African Rainbow Capital  (ARC) Investments says telecommunications company rain’s acquisition of additional spectrum is expected to positively impact the valuation of the ARC Fund’s investment in... 

The Industrial Development Corporation (IDC) is inviting experienced non-bank intermediaries (NBIs) to apply for lines of credit. It says NBIs that apply must have proven capacity and capability to... 

Development finance institution the Development Bank of Southern Africa (DBSA) said total debt funding increased to R60-billion for the interim period ended September 30, up from R55-billion as at... 

Financial services groups Sanlam and Absa say all suspensive conditions to the proposed merger of their respective investment management businesses in South Africa have been met. The transaction... 

The Base Erosion Profit Shifting (BEPS) Multilateral Instrument (MLI) has been published in the Government Gazette on November 25. The BEPS MLI was approved and ratified by Parliament in terms of... 

Investment holding and management company Invicta Holdings has reported a strong set of results for the six months ended September 30, with headline earnings a share up 43% year-on-year to 268c.... 

Gauteng Finance MEC Jacob Mamabolo has assured Gauteng residents that the repayment of R12.9-billion to settle Gauteng’s portion of e-tolls debt would not further burden citizens of the province,... 

The Council for Scientific and Industrial Research (CSIR) has launched a five-year Energy Industry Support Programme (EISP), which is being co-funded by the Electricity and Water Sector Education... 

Finance organisation the African Development Bank Group has approved an equity investment of $20-million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that... 

Finance Minister Enoch Godongwana has appointed Kedibone Olga Madiehe CEO of the Government Pensions Administration Agency (GPAA), effective November 1. She previously served as GM for client... 

Novel financing solutions were needed to help businesses and individual customers buy and install solar energy solutions, financial institution Nedbank Commercial Banking transformation and... 

The African Union (AU) expects to officially join the Group of 20 (G20) nations this month, providing the continent with another seat at the table with some of the world’s biggest polluters as it...