insert_link APO International African Development Fund crucial in development and modernisation of Benin sheep industry In the early 2000s, Benin reformed its sheep industry, largely because meat and milk production was insufficient to meet local demand. The objective was to r0educe imports, then estimated at an average of 60,000 tonnes of meat and 40,000 tonnes of milk annually. The African Development Fund, the African Development Bank Group’s (www.AfDB.org) concessional window, positioned itself as a key player in this reform. As the chief financial partner of […] todayOctober 1, 2024 5
insert_link APO International Network International extends strategic partnership with Orabank Group to transform Francophone markets Network International (Network) (www.Network.global), a leading enabler of digital commerce in the Middle East and Africa, has extended its strategic partnership with Orabank Group, the largest banking group in Francophone Africa, to transform the bank’s prepaid and agent banking solutions. The partnership is a significant milestone in enhancing the banking experience for Orabank Group customers and enabling the bank’s digital transformation with innovative solutions. It will leverage Network’s expertise in […] todayOctober 1, 2024 12
insert_link APO International The African Development Bank approves a trade finance facility of EUR 70 million for Bank of Africa Morocco to promote trade in Africa The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a trade finance facility of EUR 70 million for Bank of Africa Morocco (BOA). “The African Development Bank, which is rated AAA by the largest rating agencies, is joining forces with the Bank of Africa Morocco to promote access to trade finance on the continent, in particular providing support for SMEs operating in transition States” said Ahmed […] todayOctober 1, 2024 6
insert_link APO International Médecins sans frontières (MSF) reports unprecedented number of sexual violence cases in Democratic Republic Congo In a retrospective report published today, Doctors Without Borders/Médecins Sans Frontières (MSF) announced—together with the Ministry of Health— that MSF teams treated an unprecedented number of victims and survivors of sexual violence in Democratic Republic of Congo (DRC) in 2023, and that this upward trend continued in the first five months of 2024. The vast majority of victims were treated in displacement camps in Goma, where tens of thousands of people have fled in recent years […] todayOctober 1, 2024 24
insert_link APO International ExxonMobil accelerates African energy investments and frontier exploration Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consolidating its status as one of the drivers of the industry on the continent. Recent developments herald further expansions of the robust ExxonMobil upstream pipeline to strengthen energy security through reliable, affordable energy supply while achieving industry-leading emissions intensity. The latest expression of this saw ExxonMobil upstream president Liam Mallon meeting (http://apo-opa.co/3zRRkXk) with Mozambican president Nyusi last month […] todayOctober 1, 2024 6
insert_link South Africa The DA says it opposes any proposed increases to South Africa’s national minimum wage In S.A. the DA says it opposes any proposed increases to South Africa’s national minimum wage, as it will only worsen the country’s already extremely high unemployment rate. Monday marked the final opportunity for stakeholders to submit their written comments on potential changes to the national minimum wage. The DA’s, Michael Bagraim, says maintaining the current minimum wage level strikes a necessary balance between protecting existing workers and opening the […] todayOctober 1, 2024 14
insert_link Namibia National Housing Enterprise Faces Declining Profitability and Liquidity Challenges The National Housing Enterprise is experiencing continued profitability challenges, with operating losses amounting to N$38.2 million in 2023, following a larger deficit of N$87.7 million in 2022. The Brief reports that the Deputy Minister of Finance and Public Enterprises, Maureen Hinda-Mbuende, highlighted significant liquidity issues affecting the organization's ability to meet short-term obligations. Over the past five years, NHE's gross profit has fluctuated, declining from N$334.7 million in 2019 to […] todayOctober 1, 2024 10
insert_link World Ishiba becomes Japan PM Japan is swearing in a new prime minister today. Shigeru Ishiba is beginning the role after winning the ruling party’s presidential election last week. From Tokyo, Chris Gilbert reports. todayOctober 1, 2024 7
insert_link APO International Cabinet Secretary Dr. Barasa Engages Health Committee Ahead of Social Health Authority (SHA) Launch Cabinet Secretary for Health, Dr. Deborah Mlongo Barasa, met with the National Assembly Committee for Health ahead of the Social Health Authority (SHA) launch on 1st October 2024. The CS reassured members that the Ministry has taken all necessary steps to ensure a smooth transition and effective rollout of services. Dr. Barasa highlighted key milestones, including the passage of relevant laws, the development of the benefits package, and the establishment […] todayOctober 1, 2024 5