In yet another ground-breaking development, Standard Lesotho Bank (SLB) this week introduced instant loans for small, medium and micro-enterprises (SMMEs) in its bid to stimulate investment. Read more.
Business and financial news from the African continent.
Angola’s National Agency for Oil, Gas and Biofuels (ANPG) has published a video based on the presentation event it hosted for upstream companies on April 12 showcasing the exploratory potential of the acreage on offer in its onshore 2020/2021 bid round. Read more.
STANCHART Zambia, a subsidiary of the United Kingdom Standard Chartered Bank, an International financial services conglomerate, says it will employ a cocktail of measures 2021 financial year that will see the financial institution returning to profitability and growth. Read more.
The South African Reserve Bank (SARB) is expected to raise the policy rate by 25bps (basis points) to 3,75% in H2021 as domestic economic growth somewhat recovers and as inflation ticks up to an average of 4% over 2021. Read more.
Frequent power outrages and inadequate energy supply has wrung the Malawi’s social, economic and industrial development, leading to the Malawi Investment Trade Centre (MITC) to compile the country’s available bankable energy sector projects. Read more.
Despite cosmic challenges in wind of prevailing business slackening in fluctuating commodity prices, unstable tax and ravaging covid-19 pandemic FQM [First Quantum Minerals remains floating on a brisk business acme. Read more.
FIRST National Bank (FNB) Lesotho this week injected R1 million into 10 of the kingdom’s small businesses who won the bank’s Covid-19 Business Funding Competition.
Mozambique’s roads and bridges development project sets an overall aim to stimulate the country’s economic growth and also play a part in poverty reduction through better sector policies, upgraded road infrastructure and also through improved roads sector management. Read more.
The African Energy Chamber (AEC) this said it was disappointed by Total’s declaration of a force majeure on its LNG project in Mozambique. Read more.