Quiet pulse of positivity but caution over interest rates set to hold back gains

Quiet pulse of positivity but caution over interest rates set to hold back gains

LONDON (Capital Markets in Africa): ‘’There’s a quiet pulse of positivity on the markets with investors still cautious about the direction of interest rates in the United States, but hopeful that recovery elsewhere will lend a hand to trade. The FTSE 100 is expected to cling on above the psychologically important 8000 level at the open. Volumes are set to be more muted during the sessions in Europe given that Wall Street is closed for…

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AfricaGoGreen Fund Closes $47M in new equity Investments to Advance Climate Resilience in Africa

AfricaGoGreen Fund Closes $47M in new equity Investments to Advance Climate Resilience in Africa

  ABIDJAN, Ivory Coast, February 17, 2023/ — The AfricaGoGreen Fund (AGGF) has made headlines today with the announcement of its successful second fundraising close, securing $47 million in combined investments from top financial organizations, including the International Finance Corporation (IFC), the African Development Bank (AfDB) (www.AfDB.org), the Nordic Development Fund (NDF), and the Sustainable Energy Fund for Africa (SEFA). The funding will allow AGGF to broaden its financing for climate-friendly projects in Africa, including…

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Africa’s Macro-Economic Performance and Outlook 2023

Africa’s Macro-Economic Performance and Outlook 2023

ADDIS ABABA, Ethiopia, February 19, 2023/ — African leaders have pledged to take immediate action to integrate the recommendations from the newly released Africa’s Macro-Economic Performance and Outlook report into their national development plans. Zambian President Hakainde Hichilema said the study, conducted by the African Development Bank Group, provided an impetus for the continent’s leaders to forge ahead with needed reforms. His remarks were read on his behalf by Zambia’s Minister of Finance and National…

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Energy in Africa – Challenges, Opportunities and the Way Forward

Energy in Africa – Challenges, Opportunities and the Way Forward

Johannesburg, February, 20, 2023; While the African continent is confronted by its fair share of challenges, there remains a myriad of viable opportunities to capitalise on. Further, the robust and plentiful resources in the continent’s possession represent favourable gateways if proactively actioned. Access to energy: Achieving universal access to modern energy is a critical development challenge for African countries. Many outlying rural areas lack access to electricity owing to poor grid infrastructure and vast distances…

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As Tunisia Seeks Financing, Its Banks Face Uncertain Prospects, Says Report

As Tunisia Seeks Financing, Its Banks Face Uncertain Prospects, Says Report

DUBAI (S&P Global Ratings) Feb. 20, 2023–As Tunisia seeks to secure an IMF program to alleviate its twin deficits, the country’s banks are navigating major uncertainty and significant macroeconomic pressure, according to a new S&P Global Ratings scenario analysis report published today. “With a potential IMF deal looming, we have analyzed the current situation and considered the potential financial and economic implications for the banking sector under three hypothetical scenarios, from low stress to severe…

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A CRM solution designed to overcome workplace challenges in 2023

A CRM solution designed to overcome workplace challenges in 2023

The workplace has undergone a major transition over the past three years, placing pressure on companies and organisations to relook at their office structure and workflows, as well as the tools they have in place to manage the challenges these changes present. Jed Hewson, CEO of 1Stream, Southern Africa’s leading CRM and contact centre technology provider, highlights four key challenges companies face as they head into 2023 – and the software solution that can help create an…

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Go for gold this Valentine’s Day

Go for gold this Valentine’s Day

LONDON (Capital Markets in Africa) – Looking for a “precious” present for your loved one? Hargreaves Lansdown investment analysts highlight their picks for gold exposure this Valentine’s Day. Alex Watkins, Passive Investment Analyst, Hargreaves Lansdown “Roses are red, gold shines bright, buy a gold ETC to track the spot price overnight. Gold is often associated with luxury, wealth and romance, which makes it a popular gift choice for Valentine’s Day. We often gift gold jewellery…

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