AAMFI and Auda-Nepad Launch USD 1.5 Billion Aamfi Infrastructure Financing Facility

AAMFI and Auda-Nepad Launch USD 1.5 Billion Aamfi Infrastructure Financing Facility

Luanda, Angola — 29 October 2025 The Alliance of African Multilateral Financial Institutions (AAMFI) and the African Union Development Agency-NEPAD (AUDA-NEPAD) have jointly announced the establishment of the AAMFI Infrastructure Financing Facility for African Union Development projects, a major initiative to accelerate infrastructure development across Africa. The announcement was made during the Luanda Infrastructure Financing…

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AAMFI and Auda-Nepad Launch USD 1.5 Billion Aamfi Infrastructure Financing Facility

Dr. George Elombi Takes Over As Afreximbank’s Fourth President, Pledges Deeper Impact

Cairo, Egypt, 27 Oct. 2025: –African Export-import Bank (Afreximbank) on Saturday in Cairo, Egypt, swore in Dr. George Elombi as the Bank’s fourth President and Chairman of the Board of Directors, taking over from Prof. Benedict Oramah as head of the African Multilateral Finance Institution. Formalised with an oath administered by Mr. Wale Edun, Chairman…

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Defence of Donetsk town a priority, says Zelensky, as special forces deployed

Defence of Donetsk town a priority, says Zelensky, as special forces deployed

James LandaleDiplomatic correspondent, in Kyiv Reuters Ukrainian President Volodymyr Zelensky has said the defence of Pokrovsk is a “priority”, as elite special force were deployed to the embattled town on the eastern front line. Ukrainian army sources told the BBC that special forces from military intelligence and assault groups were being used as regular infantry…

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OneDayOnly ditches ‘chaotic’ AI price comparison

OneDayOnly ditches ‘chaotic’ AI price comparison

Laurian Venter, director at OneDayOnly. (Supplied) South African discount deal website OneDayOnly tried using artificial intelligence (AI) to compare prices against competitors but ditched it after the technology failed to deliver. Instead, a team manually opens “multiple tabs every single day, comparing the retailers” to ensure customers get the best prices, says Laurian Venter, director…

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Fintechs outpacing banks in South Africa’s informal economy

Fintechs outpacing banks in South Africa’s informal economy

Annelene Dippenaar Fintech companies have taken a boots-on-the-ground approach to providing fit-for-purpose financial services in township and rural economies – and that’s helping them outpace the banks and drive digital adoption at higher rates. This is according to Annelene Dippenaar, legal, risk and compliance officer at Shop2Shop, who told TechCentral in an interview that fintechs…

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