Finance

Moody's downgrades Gabon on debt repayment worries

IMF HQ Gabon StoryMoody's downgraded Gabon's sovereign debt rating for the second time in 12 months to Caa1, citing liquidity pressures which are making debt repayment tougher

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Freshworks accelerates market expansion in South Africa

freshworksssFreshworks Inc, a leading provider of cloud-based business software, has announced growth strategy to propel the ambitious expansion of its evolving South African footprint

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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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