Nov 3, 2023 | Commonwealth News
The African Development Bank (AfDB) has approved a trade finance facility of US$150 million to support Absa Group, a South African lender, in expanding its social and sustainable financing efforts. Additionally, the AfDB has agreed to provide about US$90 million in... 
Nov 3, 2023 | Commonwealth News
The African Development Bank (AfDB) has granted $1.4 million (sh5.2b) to the East African Community (EAC) for the feasibility study of the Kisumu-Kisian-Busitema-Busia Expressway Project. This funding, provided through AfDB’s New Partnership for Africa’s... 
Nov 2, 2023 | Commonwealth News
Singapore-based fintech firm Nium has achieved unicorn status with a valuation surpassing US$1 billion. Alongside insurtech company bolttech, Coda Payments, and digital assets financial services platform Matrixport, Nium is among the few Singaporean fintech companies... 
Nov 2, 2023 | Commonwealth News
Alphabet’s Google, in collaboration with the US and Australian governments, will lay undersea cables to provide Internet access to eight Pacific Ocean nations. It will include Micronesia, Kiribati, the Marshall Islands, Papua New Guinea, the Solomon Islands,... 
Oct 31, 2023 | Commonwealth News
Arc Minerals, a metals exploration company based in the UK, concludes the majority of regulatory requirements for its joint venture (JV) with an Anglo American unit regarding copper assets in Zambia. The share subscription in the JV has been finalised, with Anglo... 
Oct 30, 2023 | Commonwealth News
The world’s largest climate fund has committed $39.1 million to aid Rwanda in combating climate change by restoring its last montane forests, located in the Congo Nile Divide. These forests, home to endangered chimpanzees, are crucial for regulating the local...