South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully guaranteed by the government of South Africa. It will facilitate the first phase of the company’s ZAR 152.8 billion ($8.1 […]

July 18, 2024 8

Africa

Windhoek ranks 7th in Africa for high crime rates

According to the latest crime index statistics by Numbeo, Namibia has the sixth-highest crime index in Africa as of mid-2024, with a score of 63.7. Windhoek ranks as the seventh highest city on the continent with a crime index of 67.6. Socio-economic challenges such as unemployment, inflation, and high living costs, combined with poverty and economic inequality, have contributed to the high crime rate. Meanwhile, Lieutenant General Joseph Shikongo, the […]

July 18, 2024 453

World

World marks Nelson Mandela International Day

The United Nations Secretary-General, António Guterres, is urging everyone to perform 67 minutes of public service today to honour Nelson Mandela’s legacy. Today is Nelson Mandela International Day under the theme, It's still in our hands to combat poverty and inequity. Guterres says Mandela showed the world the extraordinary difference one person can make. Looking back at the struggle against apartheid and the campaign for Mandela's release in which […]

July 18, 2024 22

World

European leaders meet at UK Summit for diplomatic ‘reset’

Dozens of European leaders are in the UK for a summit the new British government says will help 'reset' relations with the continent. It's the fourth European Political Community summit, and is being held at Blenheim Palace. The conflict in Ukraine is high on the agenda, with President Zelensky in attendance. UK Foreign Secretary David Lammy says it's a significant moment for the new UK government. On Friday, […]

July 18, 2024 39

Africa

ZAPU skeptical of Zimbabwe Government’s role in Gukurahundi hearings

The Zimbabwe African People's Union (ZAPU) is skeptical of the government's involvement in the ongoing Gukurahundi hearings, citing concerns about transparency and impartiality. In a statement to Future Media, ZAPU spokesperson, Brian Ncube expressed reservations, pointing out the historical implications of current leaders in the atrocities under review. "As ZAPU, we view the government's role in the Gukurahundi hearings with skepticism," said Ncube. "We have consistently advocated for justice for […]

July 18, 2024 48

APO International

365 Days of Success: The Xylem Egypt Plant Celebrates its First Operational Year

The Xylem Egypt Plant, a joint venture between Xylem (www.Xylem.com) and the Tiba Manzalawi Group, has completed its first successful year of operation. Inaugurated in 2023 by Egypt's Minister of Trade and Industry, Ahmed Samir, the international pump manufacturing site produces and assembles modern pumping equipment for Middle Eastern and African markets. The Xylem Egypt Plant, located in 10th of Ramadan City outside Cairo, produces Split-Case Centrifugal pumps for various […]

July 18, 2024 10

Science & Technology

Key stakeholders meet for Cybersecurity Summit

The fourth Namibia Annual International High-Level Cybersecurity Conference is underway in Windhoek, focusing on "Emerging Cybersecurity Threats." Speaking at the conference, Deputy Minister of Information, Communication and Technology, Modestus Amutse stressed the critical importance of safeguarding networks and data in an increasingly digital world. The three-day event runs from Wednesday to Friday. The Namibia Press Agency reports that in his keynote address, Amutse said the conference aims to provide a […]

July 18, 2024 13

Africa

7th SADC Industrialisation week to be held in Harare

The 7th SADC Industrialisation Week, aimed at driving regional economic growth, is scheduled for 28 July to 2 August 2024 in Harare, Zimbabwe. This public-private engagement platform aims to foster new opportunities for intra-African trade, develop cross-border value chains, and identify investment prospects across Southern Africa. Elijah Mukubonda, spokesperson for the Ministry of Industrialisation and Trade.

July 18, 2024 45

APO International

EGBANK and Network International sign strategic partnership to enrich customer experience

Network (www.Network.ae) to support digital payment transformation in EGBANK’s ATM acquiring business; Agreement underscores Network’s commitment to innovation in payment solutions to cater to evolving needs of Egyptian market. Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has extended its ongoing strategic partnership with EGBANK to transform the bank’s ATM acquiring service. This partnership is a significant milestone in enhancing the banking experience for […]

July 18, 2024 18

Month: July 2024