Vantage Capital Group
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    • Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers (1)
    • Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers (2)
    • Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers (3)
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Source: Vantage Capital Group |

Correction: Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers

Seaton Estates looks to support the growing need for residential housing in the middle to upper segments of the property market along the North Coast of KwaZulu Natal

Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has arranged R430 million of mezzanine funding for the development of Seaton Estates, a residential coastal development located on the North Coast of Kwa-Zulu Natal, South Africa. The promoter of the transaction is Collins Residential, the residential arm…

Source: DPO Group |

DPO Group granted regulatory licence to provide payments services in Nigeria

DPO offers merchant aggregation services to over 60,000 active merchants, including eCommerce companies, airlines and travel agents

One Payment Limited, a subsidiary of the leading Pan-African digital payments group, DPO Group (https://DPOGroup.com) has been granted a licence by the Central Bank of Nigeria to provide certain types of payments services to businesses across Nigeria. This licence enables the DPO Group to operate as an independent payment solutions…

Source: Severus |

Severus drives African leadership with the launch of limited edition 'African Hero' NFT collection

The African Hero NFT collection launches 21 January 2022, at 7pm UTC on popular NFT marketplace, OpenSea

The new cutting-edge fintech platform Severus (www.Severus.finance) is launching a limited edition NFT collection called ‘African Hero’, to commemorate Africans who have shaped history and to inspire young Africans to build a brighter future. The African Hero NFT collection launches 21 January 2022, at 7pm UTC on popular NFT marketplace,…

Source: Parliament of the Republic of Uganda |

Uganda to be blacklisted over money laundering

The FATF maintains a watch list of countries that have significant shortfalls in tackling money laundering categorised under the grey list and the black list

The Executive Director of the Finance Intelligence Authority, Sydney Asubo revealed that Uganda risks being blacklisted by the Financial Action Taskforce (FATF) if the government does not tackle money laundering by May 2022.  Asubo who was appearing before the Committee on Finance said that the FATF maintains a watch list…

Source: Parliament of the Republic of Uganda |

Uganda: Hass avocado to complement sugarcane in Busoga - Minister

Hass avocado, a commercially popular and nutritious fruit is part of the 19 crops that the ministry is promoting under the Agricultural Value Chain Development Strategy

The Minister for Agriculture, Animal Industry and Fisheries, Hon Frank Tumwebaze, has proposed the introduction of Hass avocado in Busoga to complement sugarcane growing. Hass avocado, a commercially popular and nutritious fruit is part of the 19 crops that the ministry is promoting under the Agricultural Value Chain Development Strategy.…

Source: Netflix |

Netflix Commits $1 Million towards Scholarships in Africa

The Creative Equity Scholarship Fund for Africa (CESF) will financially support the next generation of storytellers in Sub-Saharan Africa

Netflix (www.Netflix.com), the world’s leading entertainment streaming service, has  announced a commitment of US$1 million towards the newly-established Netflix Creative Equity Scholarship Fund (CESF) for film and TV students in Sub-Saharan Africa. The scholarship fund forms part of Netflix’s global Netflix Creative Equity Fund (https://bit.ly/3FEu4Jv) launched in 2021 to be…

Source: Republic of Mauritius |

World Bank Country Director for Mauritius calls on President of the Republic

Mrs Pswarayi-Riddihough said that talks focused mainly on the relationship between the World Bank and Mauritius

The World Bank Country Director for Mozambique, Madagascar, Mauritius, Comoros and Seychelles in the Eastern and Southern Africa Region, Mrs Idah Z. Pswarayi-Riddihough, met with the President of the Republic of Mauritius, Mr Prithvirajsing Roopun, this morning, at the State House in Réduit. In a statement, Mrs Pswarayi-Riddihough said that…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

ITFC extends US$ 15 Million Line of Trade Financing Facility to Invest Finance Bank

The financing agreement with Invest Finance Bank (InFinBank) aims to meet the growing demand for Shari’ah Compliant trade finance solutions

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), signed a trade finance agreement with Invest Finance Bank (InFinBank), Uzbekistan. The US$ 15 million facility, which is the first Trade Finance Facility ITFC extending to Invest Finance Bank (InFinBank), aims to support the import and pre-export financing needs of its clients…

Australian Department of Foreign Affairs and Trade
Source: Australian Department of Foreign Affairs and Trade |

Equipping Ethiopian Farmers to Earn an Income

SELD aims to address the issue of food insecurity

The Shurmo Education and Livelihood Development (SELD) project in Ethiopia has been supported through our Australian NGO Cooperation Program (ANCP) partnership with International Needs Australia (INA) for many years. INA’s in-country partner is Bole Bible Baptist Church Childcare and Development (BBBC). Together, they help to develop local skills to ensure updated, productive and effective…

Ministry of Foreign Affairs of the People's Republic of China
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    • Seminar on Follow-up Actions of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation
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Source: Ministry of Foreign Affairs of the People's Republic of China |

Director-General of the Department of African Affairs of the Foreign Ministry Wu Peng Attends the Seminar on Follow-up Actions of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation

Wu Peng introduced the core outcomes of this FOCAC conference and the positive progress made in the implementation of the outcomes

On January 18, 2022, Director-General of the Department of African Affairs of the Foreign Ministry Wu Peng attended and addressed the seminar on follow-up actions of the Eighth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) via video link. Wu Peng introduced the core outcomes of this FOCAC conference…