Afreximbank launches African Trade Report 2025
Afreximbank has launched its flagship African Trade Report 2025, themed “African Trade in a Changing Global Financial Architecture”, during the Afreximbank Annual Meetings (AAM2025) in Abuja, Nigeria.
Finance
New president of Afreximbank named amid strategy for $250bn growth
With a nearly three-decade career at Afreximbank marked by strategic leadership and transformative impact, Dr. George Elombi has played a central role in shaping the Bank’s evolution.
Read MoreOPEC Fund commits $1bn in new financing for developing nations
The OPEC Fund For International Development has pledged to provide more than $1bn in funding to Africa and developing countries elsewhere as part of a broader $2bn pledge by Arab nations over the next five years.
Read MoreHow rich South Africans are protecting their money
Amid increasing uncertainty in global economies in 2025, experts stressed the need for diversification, particularly with offshore investments, which is how wealthy individuals protect their assets.
Read MoreWell-known South African bank sold for R1.1 billion
Lesaka Technologies has announced the acquisition of Bank Zero for R1.1 billion, which it said will help it become a fully integrated fintech powerhouse in South Africa.
Read MoreGood times for Absa
Absa expects mid-teen earnings growth in its upcoming interim financial results, led by a strong performance in South Africa
Read MoreAfrica Energy sees first output from South Africa's largest gas field by 2033
Canada-listed Africa Energy Corp is aiming to start production from South Africa's largest gas discovery by 2033 as it forges ahead with a project former operator TotalEnergies walked away from.
Read MoreWorld Bank Group considers $500m boost for South Africa's transmission expansion
The World Bank Group is considering financing $500m of South Africa's participation in a new credit guarantee facility meant to unlock private financing for a massive transmission grid expansion plan, a senior bank official has confirmed.
Read MoreICT and financial services SMEs to compete for R4.2m
Old Mutual SMEgo has announced the second edition of the SMEGo Pitchathon, for companies in the ICT and Financial Services offering a prize money of R4,2m an increase of over R1m from the 2024 edition.
Read MoreVouchers open new doors for South African online shoppers
To pay for services and goods online, you need something many South Africans take for granted: a bank card.
Read MoreAfrica Finance Corp to sign $320m deal with Italy to bolster Lobito funding
Africa Finance Corporation, a Lagos-based continental financier, will sign a deal with Italy for $320m financing partly for a new transport corridor linking critical mineral fields with an Angolan port, its chief executive said on Thursday, 5 June 2025.
Read MoreSA gains access to $1bn green industry fund to accelerate industrial decarbonisation
South Africa has been selected as one of seven emerging economies to benefit from a $1bn concessional financing programme aimed at decarbonising heavy industry and supporting green economic development.
Read More
