insert_link Uncategorized World Bank approves $1.5 billion funding for Ethiopia The World Bank pledged $16.6 billion of funding to Ethiopia over three years, providing a fillip to eastern Africa’s biggest economy as it restructures its debt and opens up the nation to foreign investors. Bloomberg Africa reports that the International Development Association’s assistance includes a $1 billion grant and a $500 million concessional loan to help the Horn of Africa nation strengthen its financial sector and improve fiscal transparency. According […] todayJuly 31, 2024 8
insert_link Africa KPMG advises Nigeria to attract mining investment via global alliances Multinational audit, tax, and advisory firm, KPMG says Nigeria needs to form alliances with relevant international mining organizations to fully attract foreign investment into the country's solid mineral sector. todayJune 18, 2024 37
insert_link Local Namibia’s new visa regime: a step backward for tourism and economic growth The SADC Business Council Tourism Alliance has expressed deep concern over Namibia's proposed restrictive visa regime, which could severely hamper the country's tourism industry and economic growth. This policy shift appears to contradict Namibia Airports Company’s recently launched air access strategy, “Air Connect Namibia”, aimed at increasing international flights and connectivity. The implementation of stricter visa requirements could have a detrimental impact on various sectors of […] todayJune 4, 2024 8
insert_link Business / Economics Namibia-China economic partnership, and performative relationship strengthens Namibia and China have maintained a positive relationship over the years, the two sides have developed a strong economic and political partnership, with China emerging as Namibia's largest source of foreign investment and second-largest trading partner. We asked International relations expert from South Africa, Brooks Spector for opinion on the matter. todayMay 16, 2024 27
insert_link Africa Economic reforms propel Ethiopia to world’s third fastest growing nation brand status By Conrad Onyango, bird story agency Ongoing economic reforms that are also seeing Ethiopia opening up its traditionally closed sectors to private investment are helping to lift the country’s image, globally, according to a new report. UK-based Consultancy, Brand Finance in its Global Soft Power Index 2024 ranked Ethiopia the third fastest-growing nation brand in the world. In the ranking of the most valuable nations, Ethiopia’s brand […] todayMarch 13, 2024 17
insert_link Africa Ethiopia’s first stock exchange on horizon as it begins licensing investment banks By Conrad Onyango, bird story agency Ethiopia has entered the final stage of its first stock exchange launch, as the country’s Capital Market Authority begins to on-board foreign investment banks from the second week of February. The regulator announced that it will start issuing investment bank licenses from February 12th 2024- the first time in the country’s history and after six ‘rigorous’ months of developing guidelines to […] todayFebruary 14, 2024 9
insert_link Business / Economics Trustco secures N$ 950 million investment Trustco Group Holdings Limited is finalising deals with key shareholders, including a cash investment of up to NAD 950 million from the United States fund Riskowitz Value Fund LP. The move solidifies RVF as a key anchor foreign investor, allowing Trustco to cement existing investments in the local economy. Quinton Van Rooyen Junior, Trustco's Deputy CEO. todayJanuary 16, 2024 32
