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Africa

Africa: Oxfam Reaction to Icij Investigation Exposing the World Bank’s Harmful Privatization of Healthcare in Africa

eriinfo.com2 weeks ago02 mins

In response to the investigation by the International Consortium of Investigative Journalists (ICIJ) revealing how World Bank-backed healthcare investments are deepening poverty and denying care in Africa, Oxfam International’s Health Policy Manager Anna Marriott said: “Oxfam is deeply alarmed by the ICIJ’s findings, which once again show how the World Bank Group and other publicly…

Still in play: Ramaphosa banks on talks to ease US tariff blow

eriinfo.com2 weeks ago05 mins

President Cyril Ramaphosa said there’s the prospect that the US may lower a planned 30% tariff on goods in ongoing talks with Washington, as he challenged its calculation of the new levy. US President Donald Trump on Monday unveiled a wave of promised letters that threaten to impose higher duties on American trading partners while…

Africa

Africa’s Development Banks Are Being Undermined – the Continent Will Pay the Price

eriinfo.com3 weeks ago010 mins

Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB). These creditors, in effect, are demanding that the two countries prioritise repayments to themselves over payments to these two banks. As academics who have worked…

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

eriinfo.com4 weeks ago06 mins

Chairman of the US Federal Reserve Jerome Powell speaks alongside Michelle Bowman (L), Board Vice Chair for Supervision, Lisa Cook (2nd R), Board Governor, and Adriana Kugler (R), Board Governor, as he chairs a Federal Reserve Board open meeting discussing proposed revisions to the board’s supplementary leverage ratio standards at the Federal Reserve Board building…

Proudly SA banks on local e-commerce

eriinfo.com4 weeks ago06 mins

The Proudly South African and DTIC-driven e-commerce platforms will launch in July. Taking advantage of South Africa’s burgeoning e-commerce space, Proudly South African (Proudly SA) plans to establish two e-commerce platforms. Initiated in partnership with the Department of Trade, Industry and Competition (DTIC), the platforms – Shop Proudly SA and Market Access Platform (MAP) –…

Capital Appreciation banks on payments to offset software slump

eriinfo.com4 weeks ago05 mins

Capital Appreciation’s payments division showed strong growth in the year ended 31 March 2025, leading to overall growth for the group despite challenges in its software division. According to JSE-listed Capital Appreciation’s annual results on Tuesday, terminal sales grew 41% year on year, with payments-related income up 19% compared to the previous year, driving group…