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…
Apollo Global Management signage in New York on Dec. 5, 2023. Jeenah Moon | Bloomberg | Getty Images Apollo’s John Zito had a blunt assessment of how private equity firms are valuing their software holdings as shares of comparable public tech companies have plunged: They’re not, he said. Zito, co-president of the firm’s giant asset…
NTT DATA x Ericsson NTT DATA, a global leader in AI, digital business and technology services, and Ericsson (NASDAQ: ERIC) today announced a multi-year strategic partnership to accelerate enterprise adoption of private 5G and unlock advanced edge AI and physical AI use cases. As organizations look to embed intelligence at the edge across global operations,…
STORY HIGHLIGHTS The Horn of Africa has the largest concentration of livestock keepers in the world, as many as 7 million of them in Kenya. World Bank funding is fostering private sector opportunities that make pastoralism and livestock keeping a safer and more viable investment. Kenya’s thriving farming sectors could help university graduate and school…
Shares in Blue Owl Capital tumbled almost 6% on Thursday after the private market and alternative assets manager sold $1.4 billion of loan assets held in three of its private debt funds. Blue Owl said Wednesday it had agreed the sale with four North American pension and insurance investors, with the loans changing hands at…
Absa Group has announced a series of executive leadership changes, headlined by the appointment of former M-Pesa Africa MD Sitoyo Lopokoiyit as CEO of its personal and private banking division. Lopokoiyit, who takes up the role on 1 April, joins from Safaricom, where he led the strategy and growth of M-Pesa, Africa’s largest fintech platform….
Africa’s development finance challenge has reached a critical point. Mounting debt pressure is squeezing fiscal space. And essential needs in infrastructure, health and education remain unmet. The continent’s governments urgently need affordable access to international capital markets. Yet many continue to face borrowing costs that make development finance unviable. Sovereign credit ratings – the assessments…
Serving on a non-profit board can be deeply fulfilling and beneficial to the cause – but only if you’re fully committed and prepared for the role. It must be flattering to be offered a seat on the board of a non-profit organisation (NPO). After all, the non-profit sector has long valued for-profit executives for their…
The rise in the cost of education in South Africa continues to outpace consumer price inflation, with combined tuition and boarding fees at the 10 most expensive schools in the country rising by around double that of other goods and services on an annualised basis. Barring some shuffling in the middle, TechCentral’s list of the…
While millions of people make the effort to sort their recycling, buy fewer clothes and generally make greener choices, the world’s wealthiest can emit the same amount of carbon as the average person does in a year by going on holiday just once. Among the many things worrying the climate-conscious is the question of the…
