Latest News for: African financier


South African Government to Add Crypto Entities to ‘List of Accountable Institutions’

Bitcoin 02 Dec 2022
According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec ... Amendments to Financial Intelligence Centre Act ... No Definition of Crypto Assets in Financial Markets Act.

Futurewise comes to market with education financial service offering

Independent online (SA) 02 Dec 2022
The launch of the digital-first education financial services provider, Futurewise, aims to drive inclusion and educational attainment for the ... Futurewise is a black-owned and controlled specialist financial services provider said to be a first in the South African financial sector.

South Africa corruption case costs Swiss firm additional CHF140m

Swissinfo 02 Dec 2022
The cost of bribing South African officials to gain lucrative contracts is adding up for ABB. In 2020 the company had to pay a South African power company more than CHF100 million in compensation.

Africa urges climate actions rather than broken promises, double standards

Independent online (SA) 02 Dec 2022
Despite some progress at COP27, developed countries have been blamed for taking a passive attitude toward issues such as providing financial and technical support to the more vulnerable developing countries ... AFRICAN PARTICIPANTS DISAPPOINTED ... Africans left COP27 disappointed, said PACJA Executive Director Mithika Mwenda.

EDITORIAL: Transnet setting itself up to fail — not just in slots sale

Business Day 02 Dec 2022
But it has been evident for a while ... Spares for Transnet’s locomotives were the issue ... Clearly Transnet is not providing an efficient service, and the detail of its recent financial results gave evidence of this. The African Rail Industry Association has pointed to at least R27bn of underspending on maintenance by Transnet over the past decade ...  .

African leaders commit to accelerating continent's industrialization 01 Dec 2022
1 (Xinhua) -- African leaders have committed ... They further underscored the need to increase investments in infrastructure and energy with the support of financial institutions and partners to reduce production costs, and boost the competitiveness of the African economies, it said.

Stakeholders meet to discuss practical ways to improve trade finance to SMEs

B & FT Online 01 Dec 2022
In his welcoming remarks, the West African Regional Director of CUTS International, Mr ... However, most of these SMEs in Ghana, similar to other African countries, face obstacles when trying to get trade financing, hence, the call on government and financial institutions to support SMEs,” Mr.

Egypt’s net foreign assets continue to fall as currency devaluation hurts economy

Arab News 01 Dec 2022
Egypt has been facing a currency crisis following Russia's invasion of Ukraine in February, prompting the North African country to begin negotiating with the International Monetary Fund for a financial assistance package.

ESG in Africa is colonialism 2.0

Business Ghana 01 Dec 2022
Nowhere is this more obvious than in the mania surrounding ESG, a set of environmental, social, and governance criteria for financial investments that are being weaponized to impose green energy on African nations that desperately need cheap, reliable energy — that is, fossil fuels.

Egypt seeks to implement utility projects in Arab, African countries

Egypt Today 01 Dec 2022
Egypt targets to implement utility projects in Arab and African countries, aiming to support financial resources of Egyptian companies.  ... Sector, aims to implement several challenging projects outside Egypt in a number of Arab and African countries during the coming period.

U.S. Rep Troy Carter Elected to Congressional Black Caucus Leadership Position

New Orleans Tribune 01 Dec 2022
Since its establishment in 1971, the Congressional Black Caucus has been committed to using the full Constitutional power, statutory authority, and financial resources of the federal government to ensure that African Americans and other marginalized communities have a shot at the American Dream.

Carver Federal Savings Bank Partners with Artificial Intelligence (AI) Lending Marketplace Leader Upstart to Enhance ...

The Joplin Globe 01 Dec 2022
Headquartered in Harlem, NY, Carver was founded in 1948 to serve African American communities whose residents, businesses, and institutions had limited access to mainstream financial services ... Carver is one of the largest African- and Caribbean-American managed banks in the United States.

Nigeria: Growth in Diaspora Remittances to Nigeria, Other SSAs Slows - World Bank

All Africa 01 Dec 2022
The World Bank has indicated that financial flows to Nigeria and other Sub-Saharan African (SSA) countries is slowing down though it will reach $53 billion in 2022 , up from $50 billion in 2021 ....

Housing, parks, road repairs get slice of $108M in Kent County COVID-19 relief funds

Michigan Live 01 Dec 2022
McCloud said she was pleased that two organizations, the Urban League of West Michigan and the Hispanic Center of West Michigan, were awarded funds to start community development financial institutions ... $4,000,000 ∙ Community Development Financial Institutions Fund for Kent County’s African American Community ∙ Urban League of West Michigan.

Climate Change Warriors on an Assertive Streak

Kashmir Observer 01 Dec 2022
The Glasgow COP, last year rejected a proposal made by members of the G-77 group of over a hundred developing countries and China for a formal loss and damage financial facility ... Yet, the culprits have been slow to make financial contributions to ease the impact on the most affected countries.

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Meeting between Prime Minister Sanna Marin and Chancellor Scholz on 16 March 2022
Flickr / FinnishGovernment / CC BY 2.0
File - Europol building, The Hague, the Netherlands, is the headquarters of Europol, a European organization, in which national police forces cooperate, similar to Interpol.
Creative Commons / OSeveno