Afreximbank to Avail U.S.$10 Billion Under Its Gulf Crisis Response Programme (Gcrp) to Shield African and Caricom Economies From the Ongoing Conflict
To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impacts of the ongoing Gulf crisis. The conflict, which…
‘It’s time to say no’
At the 1988 Republican National Convention in New Orleans, George H.W. Bush swore an oath to his party: “Read my lips: No new taxes.“ Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. He won the election. Then, he raised taxes. The move alienated Republican activists, and GOP lore…
Standard Bank notifies clients of data breach
Standard Bank has suffered a data breach. Standard Bank, Africa’s biggest bank by assets, has informed its business clients of a data breach that exposed their personal information. “We are writing to inform you of a recent incident that involved unauthorised access to certain data within the Standard Bank of South Africa’s environment,” says the…
Afreximbank Calls for Decisive Action to Transform Africa’s Cotton Sector and Drive Fairer Global Trade
African Export Import Bank (Afreximbank), has called for urgent and coordinated multi stakeholder action to transform Africa’s cotton sector from a raw commodity export base into a competitive textile and garment industry. President and Chairman of the Board of Directors of the Bank, Dr George Elombi, made the call while addressing delegates at the recently…
Afreximbank Dominates the 2026 Iflr Africa Awards With a Triple Win, Retaining Key Awards
African Export-Import Bank (Afreximbank) has once again been recognised in three award categories by the International Financial Law Review (IFLR), a globally recognised authority on financial law and transactions. The 2026 IFLR Africa Awards, held annually, spotlight the most innovative cross-border deals in Africa and the legal teams and institutions driving these transformations transactions. For…
Rapper Offset in hospital after being shot in Florida
The rapper is in a “stable” condition, with two people detained in connection with the incident.
Cape Town start-up powers six-month Netflix production with the sun
Cinergy’s CineRay mobile solar PV system powering production for season 2 of Netflix’s One Piece A Cape Town start-up has powered an entire Netflix production base camp on the sun for six months, with no diesel generator running the main site – and at roughly the same cost as renting a conventional generator. Cinergy Mobile…
Africa: Govt Allocates Shs905bn for Afcon 2027 Preparations
The Ugandan government has committed a whopping UShs 905 billion towards preparing for the TotalEnergies CAF AFCON PAMOJA 2027. The revelation was made on Tuesday by Chairperson of the Communications and Signage Sub-Committee of the AFCON-2027 Local Organizing Committee, Dennis Mugimba. Speaking during a Tuesday briefing, Mugimba detailed that the funds would be used to…
Trump warns “a whole civilization will die tonight” as Iran asks civilians to shield power plants
Iranian officials urged youths to form human chains around power plants to protect them on Tuesday, as the latest deadline set by President Trump for Iran to reopen the Strait of Hormuz drew closer. Mr. Trump has threatened to bomb all of Iran’s power plants and bridges if the regime does not meet his 8…
Endeavor SA closes R230m fund for SA tech SMEs
The fund leverages Endeavor’s global network to provide portfolio companies with mentorship, talent, strategic guidance and market access. Endeavor South Africa has closed its Harvest Fund III at R230 million, aiming to accelerate growth, job creation and exits in the country’s high-growth technology sector. According to a statement, the fund brings together entrepreneurs and institutional…
