Billion - eriinfo

Afreximbank Says Africa Must Raise Factoring Volumes to At Least €240 Billion to Support SME-Led Transformation

eriinfo.com4 days ago04 mins

Afreximbank has highlighted the critical importance of factoring and supply chain finance (SCF) in narrowing Africa’s Small and Medium Enterprises (SMEs) financing gap and building resilient value chains across the continent. Speaking at Afreximbank’s annual Factoring Workshop in Abidjan, Côte d’Ivoire, Mrs Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development (IAED) at Afreximbank…

Africa

Central Africa: ‘Life By Life’ – UN in West and Central Africa Launches $5.1 Billion Aid Appeal With Urgent Call for Global Solidarity Over Indifference

eriinfo.com4 days ago09 mins

The UN and partners are appealing for $5.1 billion to deliver essential lifesaving aid and protection in West and Central Africa. Funding shortfalls have forced humanitarians to shrink the response and make tough choices about where to focus efforts and who can be supported among the most vulnerable communities. ·West and Central Africa is grappling…

Africa

Africa: Humanitarians Launch $33 Billion Appeal for 2026

eriinfo.com5 days ago05 mins

The UN and partners are seeking $23 billion to provide lifesaving support next year to 87 million people worldwide affected by war, climate disasters, earthquakes, epidemics and crop failures. This is the immediate priority of the $33 billion Global Humanitarian Overview 2026, launched on Monday, which aims to reach 135 million people overall in 50…

Trump announces billion aid package for farmers hurt by trade war

Trump announces $12 billion aid package for farmers hurt by trade war

eriinfo.com5 days ago07 mins

Corn and soybean farmer Don Swanson prepares to harvest his corn crop as he and other Iowa farmers struggle with the effects of weather and ongoing tariffs resulting from the trade war between the U.S. and China that continue to affect agricultural business, in Eldon, Iowa, on Oct. 4, 2019. Kia Johnson | Reuters President…

Africa

Africa: ‘Life By Life’ – UN Launches $33 Billion Aid Appeal With Urgent Call for Global Solidarity

eriinfo.com5 days ago06 mins

Priority to support 87 million people with lifesaving needs – aim is to reach 135 million in 50 countries in 2026 In 2025, 98 million people got help despite deep funding cuts and attacks on aid workers (New York/Geneva, 8 December 2025): The UN and partners today launched their global humanitarian appeal to save millions…

Vodacom secures majority control of Safaricom for R36 billion

eriinfo.com6 days ago04 mins

Vodacom Group has moved to cement its dominance in East Africa with a massive R36-billion ($2.1 billion) transaction that will give it a controlling interest in Safaricom, one of the continent’s most valuable telecommunications and fintech players. Read: Epson CO-W01 Projector Review: Project Success The Johannesburg-headquartered group announced on Thursday that it has reached an…

Nvidia takes billion stake in Synopsys with expanded computing power partnership

Nvidia takes $2 billion stake in Synopsys with expanded computing power partnership

eriinfo.com2 weeks ago03 mins

Nvidia on Monday announced it has purchased $2 billion of Synopsys‘ common stock as part of a strategic partnership to accelerate computing and artificial intelligence engineering solutions. As part of the multiyear partnership, Nvidia will help Synopsys accelerate its portfolio of compute-intensive applications, advance agentic AI engineering, expand cloud access and develop joint go-to-market initiatives,…

Africa

Africa: Peacebuilding Fund Hits $1 Billion Milestone Amid Funding Gap

eriinfo.com2 weeks ago03 mins

The United Nations Peacebuilding Fund on Wednesday announced a major milestone, with the approval of more than $1 billion in support to global peacebuilding and conflict-prevention initiatives since 2020. The multi-donor trust fund is the UN’s primary instrument for supporting countries worldwide who are emerging from – or at risk of – violent conflict. The…

Africa

Africa: Is the Glass Half Full or Half Empty As the Global Fund Secures U.S.$11.34 Billion in Ongoing Replenishment

eriinfo.com3 weeks ago017 mins

In 2001, when the late Kofi Annan, former Secretary-General of the United Nations was championed the creation of the Global Fund, he is famously quoted as saying “When I first mooted the idea of the Global Fund, people said I was dreaming… I love dreams. It always starts with a dream.” I wonder how he…

Lesaka Technologies cleared to acquire Bank Zero for R1.1 billion

eriinfo.com3 weeks ago03 mins

The Competition Commission has approved the acquisition of digital financial services bank Bank Zero by Lesaka Technologies for a total transaction value of R1.1 billion. Read: Discovery Bank partners with Luno in SA for crypto trading The commission announced on Tuesday, November 18, 2025, that it has recommended the deal be allowed to proceed without…