Business

Minister Gordhan attends BRICS bank’s first annual meetings

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By– SAnews.gov.za Pretoria – Finance Minister Pravin Gordhan and a South African government delegation this week attended the first annual meetings of the New Development Bank (NDB) in Shanghai, China. The meetings were held on Wednesday and Thursday. “The BRICS [Brazil, Russia, India, China and South Africa] led institution utilised this event to take stock of its first year of …

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Diversification and Industrialisation are Critical for the Integration of African Countries into the Global Economy

Trade and Industry Minister, Dr Rob Davies

Minister Davies highlighted that the African countries participate in the global economy as mainly suppliers of primary products. The Minister of Trade and Industry, Dr Rob Davies says African countries need policy space to diversify, industrialise and transform their economies in order to integrate into the global economy. Minister Davies was speaking at the 14th United Nations Conference on Trade …

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Healthymagination Mother and Child Programme Welcomes its First Group of Social Entrepreneurs

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Healthymagination Mother and Child Programme Welcomes its First Group of Social Entrepreneurs Addressing Maternal & Child Health in Sub-Saharan Africa. The programme has selected 17 African social entrepreneurs who will benefit from training and mentorship aimed at improving maternal and/or child health outcomes GE ( GE.com) and Santa Clara University’s Miller Center for Social Entrepreneurship (SCU.edu/MillerCenter) launched the healthymagination Mother …

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Statement Attributable to the Spokesperson for the Secretary-General on Financing of the African Union

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He notes with interest the innovative funding arrangements aimed at providing the AU, via the Peace Fund He urges Member States to give urgent consideration to this initiative. The Secretary-General welcomes the historic decision taken today by the Assembly of Heads of State and Government of the African Union (AU), setting out concrete steps towards self-reliance, particularly in relation to …

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Bill Gates to invest $5bn in Africa

Bill Gates speaking at IFAD

By – SAnews.gov.za Pretoria – Microsoft founder and philanthropist Bill Gates is to invest $5 billion in Africa over the next five years. Delivering the 14th annual Nelson Mandela Foundation lecture, in Pretoria, on Sunday, Gates said over the last 15 years, his foundation had invested more than $9 billion in Africa. “We’ve put a lot of this money into …

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UAE-based Djembe Communications Further Expands Footprint in Africa

Djembe's Managing Director, Mitchell Prathe

Regional Expansion Across Africa with New Wholly Owned Offices in Ghana and Morocco and Near-term Plans for an Office in Mauritius Received key Industry Accolades including Hermes Creative Awards, In2 SABRE Awards and Premios Lusos Awards Shortlisted by The Holmes Report 2016 EMEA Consultancies of the Year in the Category ‘Africa Consultancy of the Year’ Dubai, United Arab Emirates: – …

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SA a One Stop Shop

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By – SAnews.gov.za Pretoria – President Jacob Zuma says government is committed to ensuring ease of investment in the country by cutting red tape and by making South Africa a more business-friendly destination for investors. “We are prioritising that process more this year,” said the President in written replies to Parliamentary questions published on 11 April, released in a statement …

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Chinese companies discuss and develop business partnerships at Kenya’s Trade Expo

Kenyatta International Convention Centre

The China Trade week Expo took place at the Kenyatta International Convention Centre (KICC) in Nairobi Kenya last week. The three-day event is constructed to provide Chinese companies a unique opportunity to meet, discuss and develop business partnerships with Kenyan business people and the region’s business community in order to cover a wide range of commercial sectors. The Chinese ambassador …

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BRICS To Issue Green Bonds

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The New Development Bank (NDB), established by the BRICS group of emerging nations, plans to sell 3 billion yuan ($448.37 million) of yuan-denominated, green bonds in China’s interbank market. The BRICS – Brazil, Russia, India, China and South Africa – officially grouped together in 2009 to press for a bigger say in the global financial matters, and the NDB, headquartered …

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Absa becomes first African member of R3

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Barclays’ South African unit Absa is boarding the blockchain train, joining the R3 consortium and teaming up with several local banks in an effort to develop the continent’s first distributed ledger-based banking system. Absa becomes the first African member of the R3 consortium, joining over 40 of the world’s largest financial institutions in collaboration on the development of commercial applications …

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