Latest News for: African private banking

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S.African upstart bank teams up with JG Summit to expand into Philippines

Canada Dot Com 22 Feb 2021
SINGAPORE — South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of the biggest ...
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Exclusive: South African upstart bank teams up with JG Summit to expand into Philippines

Metro USA 22 Feb 2021
SINGAPORE (Reuters) – South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of the biggest conglomerates in the Philippines, to apply for a local digital bank licence, a top Tyme executive told Reuters.
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World Bank makes Diop first African to head IFC

Graphic 20 Feb 2021
The World Bank Group has named longtime Vice- President, Mr Makhtar Diop, to head the International Finance Corporation (IFC), making him the first African to lead the development lender’s arm for the private sector. IFC is an arm of the World Bank Group that advances economic ...
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World Bank names first African head of IFC private sector finance arm

Metro USA 18 Feb 2021
WASHINGTON (Reuters) – The World Bank on Thursday named the first African chief executive of its private sector arm, the International Finance Corp, a position key to the bank’s efforts to finance vaccines and drive investment in low-carbon energy projects.
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RMB celebrates landmark Beitbridge border post modernisation project

Business Day 12 Feb 2021
RMB has acted as financial adviser to La Frontiere since 2018, and later took on the roles of joint mandated lead arranger and hedging bank for the project ... As the leading investment bank in the African concessions and PPP sector, we felt confident that we could provide a tailored solution despite the challenges.
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WATCH: Ithala sets its sights on State Bank status

Independent online (SA) 03 Feb 2021
... services to all South Africans” ... Pouring money into the private banking system has only fixed the economy for bankers and the wealthy; it has not done much to address either the fundamental problem of unemployment or the debt trap so many South Africans find themselves in.
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Rand trades stronger against the dollar

Independent online (SA) 01 Feb 2021
South African Reserve Bank Governor Lesetja Kganyago indicated in a Bloomberg interview on ... The latest private sector credit sector extension data from the South African Reserve Bank (Sarb) indicates that households are reluctant to take advantage of the low-interest environment.
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Agriculture eyes rival to Land Bank

Mail Guardian South Africa 01 Feb 2021
“So, if they were to go out for tender and you could buy 40% of the Land Bank, I think there would be a lot of interest from the private equity side and investment funds ... The African Development Bank and the New Development Bank could also be tapped to help finance either a public-private partnership or help fund the Land Bank purchase.
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’Humble but determined’ A tribute to award-winning SA virologist Dr Graeme Jacobs

Independent online (SA) 16 Jan 2021
He was tasked with initiating collaborations with universities in the Western Cape and with South African scientists working on HIV/Aids and other infectious diseases ... The poor who want to educate themselves at higher education institutes still mostly rely on government grants, private funding or high bank loans, which often take years to pay off.”.
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Life and death at the Beitbridge border post

Mail Guardian South Africa 14 Jan 2021
Shops owned by South Africans, Somalis, Pakistanis and Indians cater to an endless stream of shoppers from “the other side” ... Banking on the prospects of the African continental free trade area, the project aims to modernise both sides of the border in a record time of 24 months.
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The mission requires inclusivity and sustainability

Jamaica Observer 12 Jan 2021
The World Bank, the African Development Bank and national development banks must develop financial instruments that can reduce investment risks and attract private capital to African countries ... The bottom line is that all public and private finance flows should support the goals of the Paris Agreement and the 2030 Agenda for Sustainable Development.
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UN chief calls for urgent transition from fossil fuels to renewable energy

People Daily 12 Jan 2021
The World Bank, the African Development Bank and national development banks must develop financial instruments that can reduce investment risks and attract private capital to African countries, the secretary-general underscored.
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20 Positive Issues That Defined 2020

This Day 10 Jan 2021
In addition, in order to alleviate the macroeconomic situation triggered by the sudden fall in oil prices, the Nigerian government borrowed $4.34 billion from the domestic stock market to finance its budget with further plans to borrow another $2.5 billion from the World Bank and $1 billion from the African Development Bank.
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