APO - Africa Newsroom

Oakbay Investments Ltd
Source: Oakbay Investments Ltd |

Oakbay lawyer gives video interview on explosive affidavit

Gert van Der Merwe, the lawyer for Oakbay Investments, has given a detailed interview on today’s affidavit in response to the application by Pravin Gordhan, the Finance Minister

Gert van Der Merwe, the lawyer for Oakbay Investments (http://OakbayInvestments.co.za), has given a detailed interview on today’s affidavit in response to the application by Pravin Gordhan, the Finance Minister. The full interview can be viewed here: http://apo.af/6PwmYr. Van Der Merwe has described the Minister’s application as “superfluous” and “riddled with…

Germany-Africa Business Forum
Source: Germany-Africa Business Forum |

Germany and African Countries Seek to Strengthen Trade and Investment Ties at First Ever Germany-Africa Business Forum

The Germany-Africa Business Forum seeks to “bridge the gap” by facilitating dialogue, business dealings and dynamic commercial and political interchange

Africa is a priority for German government in 2017 as it holds G20 presidency There is much consensus for building trade relations; Africa is world’s fastest growing region and German companies need to find new markets This year, Germany will host the first ever privately held event exclusively dedicated to…

Source: British High Commission Port Louis |

British High Commission Port Louis to host FinTech Conference

High Commission partners with financial institutions to discuss innovative solutions for the Mauritian International Financial Centre

The British High Commisison, in partnership with the Financial Services Promotion Agency (FSPA) and the Board of Investment (BOI), is hosting a conference on Financial Technology (better known as FinTech) on 25 January 2017. The conference will explore the development of Mauritius as a FinTech hub for the Sub-Saharan Africa…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Fourth and Fifth Reviews Under the Extended Fund Facility Arrangement for Seychelles, and Approves US$4.4 Million Disbursement

The economic outlook for 2017 remains positive

The Executive Board of the International Monetary Fund (IMF) today completed the fourth and fifth reviews under the Extended Fund Facility arrangement (EFF)[1] with Seychelles. The completion of the reviews enables a disbursement of SDR3.27 million (about US$4.4 million), bringing total disbursements under the arrangement to SDR 9.81 million (about…

ENGIE
Source: ENGIE |

ENGIE signs an agreement for the development of Renewable Energies in Senegal

In Senegal, ENGIE has been selected for the Dakar TER project in partnership with Thales for the design and production of infrastructures and systems, with a contract amounting to 225 million euros

ENGIE (www.ENGIE.com) announces the signature of a partnership with ANER, the National Renewable Energies Agency in Senegal, to accelerate the development of renewable energies in the country. The first part of this agreement involves the development of solar energy for individuals in multi-occupancy or individual housing. The aim is to…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes the Seventh Review Under the Policy Support Instrument for Uganda

Uganda’s economy has performed reasonably well in a complex environment

On January 5, the Executive Board of the International Monetary Fund (IMF) completed the seventh review of Uganda’s economic program under the Policy Support Instrument (PSI).1 The Board’s decision was taken on a lapse of time basis.2 In completing the review, the Board granted a waiver of the nonobservance of…

Source: Republic of South Africa: Department of Government Communication and Information |

Deputy Minister of Defence and Military Veterans Mr Kebby Maphatsoe to reassure Military Veterans on Education Support for the Financial Year 2017

To date approximately 5000 are being provided with education support and thousands new applications have be received for 2017

The Deputy Minister of Defence and Military Veterans will host a media briefing with stakeholders of military veterans to outline plans aimed at the provision of quality education to military veterans and their dependants. The demand for education support for military veterans has significantly increased exponentially since year 2015/16 financial…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes the Fifth Review Under the Policy Support Instrument for Tanzania

Economic growth was robust during the first half of 2016 and is projected to remain at about 7 percent this fiscal year

On January 9, 2017, the Executive Board of the International Monetary Fund (IMF) completed the fifth review of Tanzania’s economic performance under the program supported by a three-year Policy Support Instrument (PSI).[1]The Board’s decision was taken on a lapse of time basis.[2] In completing the review, the Board also granted…

Source: Delegation of the European Union to Liberia |

EU Gives EUR 35M for Agriculture and Accountability in Liberia

Ambassador Intelmann stated that the EU will assist cocoa, fisheries, food and nutrition security as well as capacity at the Ministry of Agriculture in ongoing efforts to implement the Country's own Agriculture Transformation Agenda

The European Union (EU) has announced that it will provide EUR 35 million in support of agricultural development and the General Auditing Commission (GAC) in Liberia. Speaking in Monrovia today, European Union Ambassador to Liberia, Tiina Intelmann said: "The European Union props both the private and the public sector in…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Sixth PSI Review and First Review Under the Standby Credit Facility for Rwanda

The main near-term objective of the current programs is to respond to adverse global developments, most notably commodity prices, which has led to growing external imbalances, resulting in pressure on the Rwandan franc and the banking system’s foreign exchange reserves

The Executive Board of the International Monetary Fund (IMF) today completed the sixth review of Rwanda’s performance under the Policy Support Instrument (PSI)[1]  and the first review of the arrangement under the Standby Credit Facility (SCF)[2]. The Board’s decision was taken on a lapse of time basis.[3]   Requests for…