Economy

AfDB approves US$10mn equity investment in financial sector deepening fund

afdb bondTo strengthen the capital base of local financial institutions and stimulate Africa’s corporate bond market, the African Development Bank (AfDB) has approved a US$10mn investment through its private-sector window in the Africa Financial Sector Deepening Fund being managed by Adventis Ltd as the fund manager

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South Africa hosts business breakfast dialogue on rural and township economies in eThekwini

South Africa Trade StorySouth Africa's Department of Trade and Industry said that Rob Davies, the Minister of Trade and Industry hosted a business meeting with the Member of the Executive Council for Economic Development, Tourism and Environmental Affairs in KwaZulu-Natal, Sihle Zikalala and eThekwini Mayor, Councillor Zandile Gumede

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USAID gives US$8mn for fight against Ebola in DRC

Ebola Africa 1The U.S. Agency for International Development (USAID) has contributed US$8mn to support the efforts of the Government of the Democratic Republic of the Congo (DRC) and World Health Organization (WHO) in tackling the Ebola outbreak

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Ingenico, Paycode team up on Zambia subsidy programme

IMG Paycode Zambia GvtFrance's Ingenico Group said it partnered with payments technology company Paycode to help Zambia roll out a biometric system which is used to distribute subsidies

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Gambia launches National Summary Data Page

IMFThe International Monetary Fund (IMF) said that Gambia has launched its National Summary Data Page (NSDP) which will provide essential macroeconomic data on the country

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