Development Bank | Bizcommunity

Development Bank | Bizcommunity

News

Source: © 123rf Inspired Evolution has announced the final close of its Evolution III Fund on 3 March 2025, securing total commitments of $238m for clean energy in Africa

Renewables & Energy Efficiency

Final close of $238m Evolution III Fund for clean energy in Africa

18 hours

Source: Supplied. Motlatsi Mthimunye, Head Investment Banking Division SA, Absa CIB.

Finance

Africa's capital markets: The key to weathering global economic storms

Heidi Barends and Motlatsi Mthimunye 28 Mar 2025

Ethiopian Airlines Group CFO Mensfin Tasew (left) and AfDB Vice President Nnenna Nwabufo display copies of the signed letter of intent. Standing behind them are Ethiopia’s Finance Minister Ahmed Shide (left) and Bank Group President Dr. Akinwumi Adesina (in bow tie)

Travel

AfDB, Ethiopian Airlines commit to $7.8bn Abusera International mega airport project

27 Mar 2025

Source: Supplied.

Financial Services

Africa's digital future: Mastercard's $1.5tn vision for growth

26 Mar 2025

Creecy unveils private sector role in revitalising rail and port infrastructure

Railway

Creecy unveils private sector role in revitalising rail and port infrastructure

24 Mar 2025

Source: Reuters.

Banking

EIB reviews financing for $760m hydro project over DRC war

14 Mar 2025

Ogilvy has strengthened its senior leadership, with the appointment of Ipi Thibedi. Pictured left to right: Pete Case (CEO of Ogilvy), Ipi Thibedi (Group MD), Nkosinathi Biko (Chairman of Board, Ogilvy), Neo Makhele (Chief Strategy Officer), Angela Madlala (Chief People Officer), Graham Vivian (Chief Financial Officer)

Advertising

Ipelegeng (Ipi) Thibedi joins Ogilvy South Africa’s as group managing director

11 Mar 2025

Local community trust debt fund advances social upliftment in renewable energy sector

Renewables & Energy Efficiency

Local community trust debt fund advances social upliftment in renewable energy sector

Issued by Infra Impact Investment Managers 7 Mar 2025

Minister Creecy sets out logistics, rail investment plans

Logistics & Transport

Minister Creecy sets out logistics, rail investment plans

3 Mar 2025

A look at wellbeing programme rewards that make you save smarter

Banking & Finance

A look at wellbeing programme rewards that make you save smarter

Jaco Oosthuizen 28 Feb 2025

AfDB, Standard Bank partner for R3.6bn SMME funding and trade growth

SMEs

AfDB, Standard Bank partner for R3.6bn SMME funding and trade growth

26 Feb 2025

Source: Pexels.

Healthcare

Africa relies too heavily on foreign aid for health – 4 ways to fix this

Francisca Mutapi 25 Feb 2025

Source: Reuters.

Markets & Investment

African leaders approve creation of financial stability fund

Dawit Endeshaw 19 Feb 2025

Africa's luxury goods markets emerge as a powerhouse

Sales

Africa's luxury goods markets emerge as a powerhouse

18 Feb 2025

Pegasys joins RSK Group to advance global development goals

ESG & Sustainability

Pegasys joins RSK Group to advance global development goals

Issued by Stone 5 Feb 2025

Source: Ben April, Associate Director: ESG leader for KPMG in Africa.

Trends

#BizTrends2025: COP29 reflections and the importance of sustainable finance and investment

Ben April 4 Feb 2025

Image source: Lucian Milasan –

Environment & Natural Resources

South Africa, GEF host international environmental action seminar

20 Jan 2025

People walk past a booth of China Development Bank during the 2022 China International Fair for Trade in Services (CIFTIS) in Beijing. Source: Reuters/Tingshu Wang

Construction & Engineering

China Development Bank releases $255m for Nigeria rail project

MacDonald Dzirutwe 9 Jan 2025

Source: Reuters.

Banking

HSBC, World Bank's IFC launch $1bn trade finance programme for emerging markets

Selena Li 12 Dec 2024

A woman uses a donkey cart to transport a barrel of water in drought affected areas in Higlo Kebele, Adadle woreda, Somali region of Ethiopia, in this undated handout photograph. Michael Tewelde/World Food Programme/Handout via Reuters/ File Photo

Climate Change

Climate Investment Funds board backs $500m Ethiopia nature plan

Simon Jessop 6 Dec 2024

Source: Reuters.

Banking

Italy and African Development Bank sign $420m co-financing deal

Ahmed Eljechtimi 5 Dec 2024

Financial Services

SA takes a stance on unified Brics currency as Trump threatens 100% tariffs

2 Dec 2024

Source: Pexels.

Financial Services

How Ninety One is closing Africa’s infrastructure gap

25 Nov 2024

Barloworld Equipment executive for operations in South Africa, Bongani Miya.

Infrastructure & Utilities

Sustainable infrastructure plays a vital role in the future of Africa

20 Nov 2024

Africa’s Big 7 rebranded as Africa Food Show

Exhibitions & Events

Africa’s Big 7 rebranded as Africa Food Show

18 Nov 2024

Banking

Meezan Bank partners with ITFC to support private sector

7 Nov 2024

Climate Change

African countries shouldn’t have to borrow money to fix climate damage they never caused – economist

Carlos Lopes 6 Nov 2024

Source: Photohost agency brics-russia2024.ru.

Economy

#BRICS2024: Ramaphosa pushes for fair growth in the Global South

Katja Hamilton 23 Oct 2024

Office Property

Why Africa’s real estate boom is unstoppable despite economic pressures

21 Oct 2024

Source: Supplied. Leila Mokaddem, director-general, Southern Africa, AfDB; Charles Russon, Absa group interim chief executive officer designate and Deon Raju, Absa group financial director.

Banking

Empowering African women: Major financial package unveiled by Absa and the African Development Bank

15 Oct 2024

CEOs, world leaders and artists call for urgent investment in Africa's future

NGO, NPO & Social Enterprise

CEOs, world leaders and artists call for urgent investment in Africa's future

Issued by OnPoint PR 11 Oct 2024

Source: © Gallo Images (Left) Preetesh Sewraj, CEO The Loeries, (centre) Bridget Harpur, head of marketing: Volkswagen South Africa was named Marketer of the Year, and (right)
Kabelo Moshapalo, incoming Loeries Chairperson and CCO Ogilvy Johannesburg

Loeries Creative Week

#Loeries: All the winners, VW's Bridget Harpur named marketer of the year

10 Oct 2024

Image source: Getty Images

Management & Leadership

Nominations open for boards of PIC, Sasria and Land Bank

1 Oct 2024

Source: Reuters.

Banking

European, Southern African development banks to lend extra $220m to clean energy projects

Kopano Gumbi 16 Sep 2024

Bridgewater and Global Citizen LED Economic Development Assembly coming to Abidjan on 9-10 October

Economy

Bridgewater and Global Citizen LED Economic Development Assembly coming to Abidjan on 9-10 October

Issued by OnPoint PR 13 Sep 2024

Source: Supplied. Cote d’Ivoire President Alassane Ouattara gives rousing remarks during the African Development Bank's 60th anniversary celebrations.

Banking

African Development Bank turns 60: A legacy of hope and progress

12 Sep 2024

Source: New Development Bank.

Banking

South Africa needs to step up to attract investments from the New Development Bank

Duarte da Silva 3 Sep 2024

Source: Archive

Logistics & Transport

Transnet secures R5bn loan from Brics bank

Wendell Roelf 2 Sep 2024

Finance

RMB: Africa's top investment destinations

12 Aug 2024

AfDB approves R18.5bn loan for Transnet

Logistics & Transport

AfDB approves R18.5bn loan for Transnet

Nelson Banya 19 Jul 2024

Are SA schools ready to teach coding and robotics? The experts say — yes!

Primary & Secondary Education

Are SA schools ready to teach coding and robotics? The experts say — yes!

Issued by Oxford University Press 25 Jun 2024

African countries could unlock billions in local and global trade – what’s working and what’s not

Logistics & Transport

African countries could unlock billions in local and global trade – what’s working and what’s not

Bedassa Tadesse 13 Jun 2024

Source: African Export-Import Bank. Kanayo Awani, executive vice president, Intra-African Trade Bank and Export Development Bank, Afreximbank.

Banking

Afreximbank grants $40m to aid Fidelity Bank's Union Bank UK acquisition

11 Jun 2024

Publishing

Afreximbank launches Canex Prize for Publishing in Africa to promote literary excellence

22 May 2024

Source: Reuters.

Markets & Investment

IMF board approves members to channel reserve assets to MDBs for hybrid instruments

Andrea Shalal 16 May 2024

Source: Supplied. Eng. Hani Salem Sonbol, chief executive officer of ITFC and Riham ElGizy, chief executive officer of RVCMC.

Markets & Investment

ITFC, RVCMC collaborate for Maldives' blue carbon credits

13 May 2024

FAO's Earth Map wins Google impact award for climate monitoring

Agriculture

FAO's Earth Map wins Google impact award for climate monitoring

7 May 2024

Image supplied. Last year's African Banker Award. the African Banker magazine’s African Banker Awards nominees have been announced for this year

Banking

3 women nominees for African Banker Awards Banker of the Year

7 May 2024

News flash: Calling all businesses with an Africa expansion strategy

ESG

News flash: Calling all businesses with an Africa expansion strategy

Issued by Shift Social Development 2 Apr 2024