SACE and African Development Bank Group to work together under the “Mattei Plan”

SACE, the Italian insurance-financial group specializing in supporting businesses and the national economic system under the Ministry of Economy and Finance, and the African Development Bank Group (www.AfDB.org), today signed a collaboration agreement to provide credit protection to foster investment in Africa, under the “Mattei Plan”. The signing took place during the African Investment Forum 2024 Market Days currently underway in Rabat, Morocco. The collaboration agreement, signed by Michal Ron, […]

December 6, 2024 7

APO International

Africa Investment Forum 2024: African Development Bank and Bank of Africa SA sign EUR 50 million risk-sharing agreement to support development of Small and Medium-sized Enterprises (SMEs) and boost African trade

The African Development Bank (www.AfDB.org) and Bank of Africa SA have signed a risk-sharing agreement of EUR 50 million to strengthen private-sector financing and promote African trade. The signing ceremony took place on 4 December 2024, during the 2024 Africa Investment Forum (AIF) Market Days in Rabat, Morocco. The risk-sharing agreement will enable Bank of Africa SA to provide more support to local African banks in their international operations, by allowing them […]

December 6, 2024 8

South Africa

S.A’s Mashatile Says Treasury May Cut Budgets to Settle State Debt to Municipalities

S.A's Deputy president Paul Mashatile says the National Treasury is considering cutting budgets of departments that owe municipalities to settle debt. In August, Finance minister Enoch Godongwana revealed that organs of state collectively owe municipalities 18.6-billion-rand for rates and taxes. In Gauteng alone, the state had a debt of 3.5-billion-rand by the end of July, with provincial government departments accounting for most of the debt. Mashatile told the National Council […]

December 6, 2024 18

1

Business / Economics

Langer Heinrich Uranium Donates Ambulance to Omaruru District Hospital

In a generous gesture to enhance healthcare access, Langer Heinrich Uranium has donated a fully equipped ambulance to the Omaruru District Hospital. Valued at N$800,000, the new ambulance will provide vital medical transport to remote communities in the Omaruru constituency, ensuring better access to urgent care. Managing Director Johan Roux expressed pride in the contribution, emphasizing its importance in supporting health services for the people of Omaruru and surrounding areas.

December 6, 2024 12 1

World

South Koreans face danger if Yoon stays says ruling party chief

South Korea's ruling party chief demanded Friday that President Yoon Suk Yeol be removed from office, warning there was a "significant risk" he could try to subvert civilian rule again. Yoon imposed martial law on Tuesday citing threats from "anti-state forces" and North Korea, before reversing it six hours later after parliament, including some members of his party, voted to oppose the decree. Laura Westbrook has more.

December 6, 2024 18

Local

FNB Namibia Donates Speed-Point and TV Monitors valued at N$20,000 to Katutura Magistrate Court

05 December 2024 WINDHOEK, NAMIBIA – FNB Namibia is proud to announce its contribution to the Katutura Magistrate Court with the donation of two television monitors and a speed-point device, aimed at enhancing the court's service delivery and communication with the public. At the handover ceremony, held at the Katutura Magistrate Court, FNB Namibia Relationship Manager for Public Sector Banking Balle Hans expressed gratitude for the opportunity to contribute […]

December 6, 2024 9

Local

BANK OF NAMIBIA AND COMMUNICATIONS REGULATORY AUTHORITY OF NAMIBIA SIGN MEMORANDUM OF UNDERSTANDING TO ENHANCE REGULATORY COOPERATION

The Bank of Namibia (BoN) and the Communications Regulatory Authority of Namibia (CRAN) have formalised their cooperation with the signing of a Memorandum of Understanding (MoU) in Windhoek. This MoU strengthens collaboration between the two regulators, reinforcing their commitment to the effective regulation of the telecommunication and financial sectors in Namibia. BoN, established under the Bank of Namibia Act, (No. 1 of 2020), is tasked with promoting monetary stability, […]

December 6, 2024 9

APO International

Pioneering Professional Development: LG Electronics South Africa (SA) Achieves Engineering Council of South Africa (ECSA) Continuing Professional Development (CPD) Status

LG Electronics South Africa (https://www.LG.com/global/) has always been a leader in engineering excellence and professional development. This is why it is no surprise that LG Electronics South Africa has been awarded verification as an Engineering Council of South Africa (ECSA) Continuing Professional Development (CPD) Service Provider. “In South Africa, LG Electronics is committed to professional development within the engineering profession and landscape, whether through high-quality training or development programs,” states […]

December 6, 2024 10

APO International

POWERADE Launches the Athletes Code, a Commitment to Supporting Mental Health in Sports

POWERADE (www.POWERADE.com) today announced The Athletes Code, a commitment to a more inclusive and progressive relationship with athlete partners to support their mental well-being. Launching in partnership with Olympic Gold Medalist and World Cup Champion Alex Morgan, Olympic gold medalist swimmer Tatjana Smith, South African footballer Linda Motlhalo, and Brazilian Paralympic swimmer Douglas Matera, The Athletes Code is a contractual provision that allows athletes to pause their partnership commitments to […]

December 6, 2024 12

Month: December 2024