African Export-Import Bank (Afreximbank) and Portugal’s National Association of Young Entrepreneurs (Associação Nacional de Jovens Empresários – ANJE), have announced a three-year partnership to promote Africa’s Fashion Apparel and Textile Manufacturing Industry in Portugal and across Europe. Read more.
Bank of Mozambique has fined Standard Bank Mozambique, SA (290 million MT) US$4,6 million for breaching prudential and foreign exchange rules. Read more.
At a time the continent is reeling from the effects of the global Covid-19 pandemic, representatives of the African Development Bank, the Aliko Dangote Foundation and Big Win Philanthropy renewed their commitment to end child stunting and other forms of malnutrition through the Banking on Nutrition Partnership. Read more.
Bank of Mozambique (BM) suspended Standard Bank Mozambique,S.A from participating on the foreign currency market in that country. Read more.
South Africa is this November set to host Africa’s biggest trade fair, the Intra-African Trade Fair (IATF2021) which was previously scheduled for Rwanda, the Afreximbank has announced. Read more.
The Africa Renewable Energy Fund II (AREF) whose primary goal is investing in early stage renewable energy projects has achieved its first close at €130 million, African Development Bank (AfDB) has announced. Read more.
African Development Bank (AfDB) has given out US$1,4 million grant to Zambia from the Global Agriculture and Food Security Program aimed at creating jobs and improve food security in the southern African’s vulnerable households. Read more.
Mining giant, ZCCM Investments Holdings (IH) has signed Group Restructuring and Reorganization Agreement with the Industrial Development Corporation Limited (IDC) that will see the former transferring its shares in Investrust Bank Plc and Mushe Milling Limited, it has been announced.
Zambia’s stock of Foreign Direct Investment (FDI) liability increased by 12,7 percent to US$20,9 billion in 2019 due to borrowings and higher equity capital flows as well as revaluation effects on reserves and loans especially in the mining and quarrying sector, a new report has revealed. Read more.
INTERNATIONAL Monetary Fund (IMF) says discussions for Zambia’s requests for an Extended Credit Facility (ECF) are underway after a notable progress was made in detailing the key policy measures to address the imbalances currently facing the southern African country. Read more.
The telecoms regulator said Internet and data traffic are expected to continue growing due to the increased adoption of e learning, telecommuting, and e-conferencing. Read more.
ZAMBIA Forestry and Forest Industries Corporation (ZAFFICO) recorded a profit after tax of ZMW 228,76 million during the financial year ended December 2020 compared to ZMW136,64 million prior year buoyed by government compensation. Read more.
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