News

IFC Takes Large Stake in Trustco Group Holdings to Provide Big Boost to Micro Finance

June 2, 2014

By THE AFRICA BAZAAR Staff Writer

In its continuous efforts and commitments to supporting domestic capital market development in Africa, IFC, a member of the World Bank Group, is taking a stake in Trustco Group Holdings by investing $29 million (ZAR 300 million) to support student lending activities in Namibia and expand micro insurance into new countries in Sub-Saharan Africa.

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South Africa Looks for Better Trade Relations with Botswana, Namibia

by Editor

June 2, 2014

South African President Jacob Zuma met this month with two of his counterparts from the Southern African region to push for better trade integrations between South Africa and Botswana; Namibia. Speaking last week at the inaugural South Africa-Botswana Bi-National Commission meeting, which was co-hosted by the President and Botswana’s President Ian Khama, the leaders said discussions are under way to look at how resources could be streamlined to boost trade between the two Southern African countries.

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Peter Matharika Sworn In as Malawi’s New President

by Editor

June 1, 2014

Malawi’s high court on Saturday swore in Peter Matharika, a former foreign minister and law professor, as the country’s newly elected president. The inauguration came on the heels of the country’s electoral commission releasing the May 20 presidential election results…

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Four Agribusiness Operators Receive Almost $2 Million Grants from AFT Fund

by Editor

May 30, 2014

The African Development Bank’s managed trust fund, Agriculture Fast Track Fund, has awarded almost $2 million in new grants to four agribusiness operators on the continent to help develop high value agriculture infrastructure projects. The grants will help Odebrecht, based…