JOHANNESBURG – Finance Minister Tito Mboweni will deliver his medium-term Budget policy speech in Parliament today amid difficult economic circumstances. However, this is the right time to announce the establishment of a South African Sovereign Wealth Fund (SWF) with its core strategic mandate centred around macroeconomic stabilisation as well as long-term savings. The SWF idea…
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is expected to have an important demonstration effect to encourage similar institutions to invest more on…
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LONDON — There are advantages to coming off a low base. As their financial sectors start catching up to the world’s more sophisticated markets, Sub Saharan African countries have been growing their global borrowing presence. So how have they been impacted by recent rocking of the Emerging Market boat through the well documented crises in…
The complex relationship between Africa and China has become even more complicated this year. Initially, 2018 was set to reaffirm the bond through the latest Forum on China-Africa Cooperation summit held in Beijing in September. The summit delivered its usual pageant of African leaders, side deals, and the announcement of a $60 billionfinancing package. The year also…
As part of the fourth round of the South African Renewable Energy Independent Power Procurement Programme (REIPPP), Rand Merchant Bank (RMB) introduced and funded Thebe Investment Corporation’s equity in a portfolio of projects developed by Biotherm South Africa. The portfolio of four projects – the 120MW Golden Valley wind project, the 31MW Excelsior wind project, the 86MW Konkoonsies…
As part of the fourth round of the South African Renewable Energy Independent Power Procurement Programme (REIPPP), Rand Merchant Bank (RMB) introduced and funded Thebe Investment Corporation’s equity in a portfolio of projects developed by Biotherm South Africa. The portfolio of four projects – the 120MW Golden Valley wind project, the 31MW Excelsior wind project, the 86MW Konkoonsies…
The Democratic Republic of Congo on Tuesday announced a deal with Chinese and Spanish partners for the development of a much-delayed $14 billion hydroelectric project. The Inga 3 project is part of a major programme to expand hydroelectric dams along the Congo River. It has been on the drawing board for around 30 years but…
The Democratic Republic of Congo on Tuesday announced a deal with Chinese and Spanish partners for the development of a much-delayed $14 billion hydroelectric project. The Inga 3 project is part of a major programme to expand hydroelectric dams along the Congo River. It has been on the drawing board for around 30 years but…
The ministry of Housing and Urban Development in Kenya has awarded Chinese Wu Yi Company Limited, Sinohydro Corporation and China Roads and Bridges Corporation tender to build 1, 500 low-cost homes Nairobi’s Park Road. According to the tender document published by the ministry, the developer is expected to build 400 units from the commencement date…