Thyspunt in the Eastern Cape and Bantamsklip in the Overberg are proposed sites for which Eskom has initiated an environmental impact assessment process to approve a site for a third nuclear power station for South Africa. Four months ago, final environmental authorisation was given for the construction of a second nuclear power plant for South…
The forest finance revolution has begun. Africa cannot afford to miss this opportunity. Tropical forests provide the continent with unmatched climate, ecological, and economic value. The TFFF offers the financial tools to reward African nations for the global service which our forests provide, while empowering local communities, strengthening governance, and advancing climate leadership. COP30 has…
Nairobi — The Mauritius Commercial Bank (MCB) has arranged and closed a $400 million syndicated facility for Sea World Energy Holdings Limited, the affiliate consolidating Karpowership Group’s operations across Africa. MCB served as the sole Mandated Lead Arranger and Account Bank for the transaction, which the lender says was well received by participating financiers and…
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…
A $125 billion fund will use profits from global markets to invest in forest protection. Can we trust the same financiers driving deforestation to save the world’s forests? The UK and US financial sector are better known for financing businesses driving deforestation. But now, the government of Brazil is seeking their advice on how to…
NewsFeed Protesters at the Broadview Immigrant and Customs Enforcement (ICE) facility near Chicago scuffled with police Friday morning. A day earlier a federal judge temporarily blocked President Donald Trump’s deployment of National Guard soldiers to the state of Illinois, saying the administration was providing “unreliable evidence” on supposed threats to federal agents. Published On 10…
Transnet group chief information officer Pandelani Munyai. Transnet, South Africa’s state-owned rail, ports and pipeline company, is continuing with its digital transformation drive as it readies for a hybrid cloud future. The company has announced the completion of a private cloud data centre in Durban, as well as a Gauteng-based colocation facility in partnership with…
IE 11 is not supported. For an optimal experience visit our site on another browser. President Trump calls former FBI Director Comey ‘a bad person’ 00:33 Now Playing Trump talks Putin, Gaza and the ICE facility shooting at meeting with Erdogan 05:23 UP NEXT President Trump urges Turkish President Erdogan to stop buying Russian oil…
Addis Ababa — The Africa Climate Innovation Compact (ACIC) and the African Climate Facility (ACF), were established under the initiative of Prime Minister Abiy Ahmed of Ethiopia at the Second Africa Climate Summit (ACS2) held in Addis Ababa. At the close of ACS2, the African Leaders Addis Ababa Declaration on Climate Change and Call To…
TLDR South African earned wage access startup Paymenow has clinched a ZAR400 million ($22.5 million) working capital facility from Standard Bank Founded in 2019, Paymenow provides employees with real-time access to earned wages, helping them avoid payday lenders and improve their financial wellness The Stellenbosch-based startup previously raised a ZAR250 million ($14 million) debt facility…
