Newsfeeds Africa Business Communities

1. ADF approves grant for disaster risk management training in Zimbabwe

   The Board of the African Development Fund (ADF) approved a $685,000 grant to strengthen Zimbabwe’s capacity to manage disaster risks.

2. The US boosts Madagascar's health system with $4.5m donation of medical supplies

   The United States government has announced a $4.5 million donation of modern medical materials and equipment to help local health workers improve the provision of quality health services in Madagascar.

3. USAID, partners to invest in young African social entrepreneurs

   USAID and USADF announces plans to award a total of $400,000 in grant funding, with support from Citi Foundation, to 42 young African social entrepreneurs who are developing businesses to drive social and community change.

4. EU signs four financial guarantees to unlock Africa, Neighbourhood investment

   The European Commission (EU) signed four guarantee agreements worth €216 million that will help unlock €2 billion to invest in renewables, urban infrastructure and start-ups in Africa and the Neighbourhood.

5. African Development Bank President opens trading on London Stock Exchange

   Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank, Akinwumi Adesina, to open markets for trading at London Stock Exchange on Wednesday 22 January.

6. [South Africa] Pragasen Naidoo appointed new CEO, PetroSA

   The PetroSA Board announces the appointment of Mr. Pragasen Naidoo as a new Group CEO, subject to transitional arrangement with Central Energy Fund.

7. [Kenya] TradeMark East Africa, Mombasa County ink $2.7 million financing deal for critical road

   TradeMark East Africa (TMEA) and the Mombasa County Government have inked a $2.7 million financing deal towards construction of the Mbaraki-Nyerere Road.

8. [Kenya] TMEA, Mombasa County Government inject $2.7m funding for road construction

   TradeMark East Africa (TMEA) and the Mombasa County Government inked a US$2.7 million financing deal towards construction of the Mbaraki-Nyerere Road.

9. [South Africa] Luno launches automated withdrawals

   Luno, South Africa’s largest cryptocurrency exchange, has introduced faster and automated withdrawals to its South African customers at no additional charge.

10. Kenya presents a USD40 billion opportunity for the private sector to invest in sustainable development, says Standard Chartered

    Opportunity2030 study reveals the almost USD10 trillion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in emerging markets.