The National Consumer Commission (NCC) has issued a recall for ESR HaloLock wireless power banks sold in South Africa, citing a potential fire risk linked to overheating lithium-ion batteries. Image source: Freepik | The power bank shown is not a product of ESR HaloLock Wireless Power Banks The recall, initiated by supplier Waymeet Limited, applies…
Washington — The World Bank Group has supported new Country Partnership Frameworks (CPF) with Burkina Faso, Chad, Mali, and Niger for the 2026-2031 period. These frameworks aim to stimulate job creation, especially for youth and women, by strengthening human capital, infrastructure, and agricultural productivity, while supporting targeted reforms and private sector development. Grounded in the…
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…
Paymentology has become Bank Zero’s alliance partner. (Image source: 123RF) Global card issuer-processor Paymentology has partnered with Bank Zero, to deliver digital banking and financial services in South Africa. Based on a zero-fee banking model, Bank Zero launched to the public in August 2021. In June 2025, it was announced that fintech group Lesaka Technologies…
Kampala — The World Bank Board has approved a six-year urban development program to improve the management of cities and municipalities and expand access to climate-smart infrastructure, services, and jobs for urban residents and displaced populations in refugee-hosting areas. The Uganda Cities and Municipalities Infrastructure Development (UCMID) program will support 10 cities, 26 municipalities, and…
The World Bank Group, the African Development Bank, and The Rockefeller Foundation launched a new Mission 300 Private Sector Council to mobilize the billions in private investment needed to connect 300 million Africans to electricity by 2030 while unlocking job creation across the continent. Fourteen leaders from diverse sectors will help drive strategies to crowd…
Washington D.C. — The World Bank has approved a $500 million International Development Association (IDA) credit for the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) Project, aimed at increasing smallholder farmers productivity, strengthening agricultural value chains, and creating jobs while improving food and nutrition security. Agriculture remains Nigeria’s largest source of employment, yet low productivity,…
NewsFeed Dozens of activists and families of Palestinian prisoners protested in Ramallah in the occupied West Bank after Israeli lawmakers approved a bill allowing the death penalty for Palestinians convicted of deadly attacks. Published On 31 Mar 202631 Mar 2026 Click here to share on social media share2 Share googleAdd Al Jazeera on Googleinfo
African Export-Import Bank (Afreximbank) has successfully concluded a new three-year Dual Tranche Syndicated Term Loan Facility totaling US$2 billion equivalent (raising US$1.73 billion and €228 million in US$ Facility A and EUR Facility B respectively). Proceeds from the facility, concluded on 9 March 2026, will be used by Afreximbank to refinance existing facilities and for…
Reserve Bank governor Lesetja Kganyago The South African Reserve Bank maintained its main lending rate at 6.75% on Thursday, saying caution was needed as higher energy prices triggered by the US-Israel war against Iran would push up inflation. Economists polled by Reuters had expected no change in the repo rate, as the Middle East conflict…
