insert_link Business / Economics Morning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […] today26 February, 2025
insert_link Africa Mission 300 summit in Tanzania addresses Africa’s electricity access Leaders from government, development organisations, the private sector, and civil society gathered in Dar es Salaam, Tanzania, on January 27-28, 2025, for Mission 300: The African Energy Summit. The summit aims to strengthen global efforts to improve electricity access across sub-Saharan Africa. Agence Française de Développement (AFD) Group, CEO Rémy Rioux AFD’s €1 Billion Commitment to Energy Access The Agence Française de Développement (AFD) Group has […] today29 January, 2025
insert_link Africa Italy and African Development Bank Seal €400 Million Deal Italian state lender CDP and the African Development Bank signed a €400 million roughly US$420 million co-financing agreement on Thursday to support climate finance, sustainable agriculture, education, and technical assistance. The deal, which was finalized during the AfDB's Africa Investment Forum in Rabat, is part of Italy’s €6 billion Mattei plan aimed at boosting African development. today6 December, 2024
insert_link Oshiwambo O SADC otayi yambidhidha Samuel Maimbo gwa Zambia onga omuulikwa go African Development Bank O SADC oya hwahwameke eyambidhidho lyawo komunongoliko gwa Zambia Samuel Maimbo,methigathano lyuupresitend wo African Development Bank . O Bussiness Live oya lopota kutya eyambidhidho olyeya nonando South Africa uulika omuulikwa hogololwa gwe Swazi Tshabalala. O SADC oyeendulula eyambidhidho lyawo ku Maimbo metitano,tayi dhenge omuthindo einekelo lyo SADC oku nwethamo ewiliko lyombaanga mu Africa. today17 October, 2024
insert_link Africa From humble beginnings to Africa’s development partner of choice: Former and current staff reflect on the African Development Bank’s transformation The African Development Bank has kicked off activities to celebrate 60 years of its transformative impact on Africa's development. Since September 1964 when representatives of 25 African countries gathered in Khartoum, Sudan, to agree on the vision for a bank to drive economic development across Africa, it has been a journey of resilience and passion, including a fair share of bumps and bruises. Georges Rigobert Aithnard, the Bank's […] today11 September, 2024
insert_link Africa A Day Of Joy As The African Development Bank celebrates 60 Years The President of Cote d’Ivoire Alassane Ouattara led celebrations on Tuesday to mark the African Development Bank’s 60th anniversary. “This is an historic milestone and a cause for celebration, but it is also an opportunity to see that the African Development Bank has financed some pivotal infrastructure and helped improve the living conditions of millions of Africans. The Bank is a source of pride and hope for Africa,” President […] today11 September, 2024
insert_link Africa Africa’s off-grid solar sector is electrifying global investors By Bonface Orucho, bird story agency Africa’s off-grid solar sector continues to be a magnet for investment, with recent analysis from Africa: the Big Deal emphasizing its growing appeal to investors. Despite a general decline in start-up funding across the continent over the last two years, the industry remains a clear priority for both the social impact and regular investment community. According to Laura Fortes, the senior […] today22 August, 2024
insert_link Business / Economics 9 August 2024 Morning Biz News: Namibia Urged on Borrowing Strategies, South Africa Implements VAT on Imports, Dollar Gains on Jobless Data, Yuan Strengthens Amid Market Volatility In recent financial developments, the African Development Bank (AfDB) has advised Namibia to implement conservative borrowing strategies and harness the potential of the Namibian Stock Exchange (NSX) and the Government Institutions Pension Fund (GIPF) to bolster developmental capital. This recommendation aims to tackle the country's increasing public debt and enhance financial stability, according to The Brief. In South Africa, a new policy is set to impact the clothing industry significantly. […] today9 August, 2024
insert_link Local ATIDI underwrites Globeleq’s USD 117 million geothermal power project in Kenya Nairobi-based pan-African insurer, African Trade and Investment Development Insurance (ATIDI) has provided a political risk insurance cover for Globeleq's 35 MW Menengai Geothermal power project in Kenya. This support will be extended via the Regional Liquidity Support Facility (RLSF) - a joint effort by ATIDI, KfW Development Bank, and the Norwegian Agency for Development Cooperation (Norad). It helps renewable energy Independent Power Producers (IPPs). The project, the first to […] today1 July, 2024
