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A service for banking industry professionals · Thursday, June 19, 2025 · 823,714,644 Articles · 3+ Million Readers
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Southern Africa Bank Newswire

  • Published on 10:05 GMT

    South Africa: Energy transition progresses amid grid, cost issues

    Efforts to stabilise and transform the energy sector in South Africa are gaining momentum, underpinned by critical reforms, private sector participation and renewed commitment to nuclear and renewable energy.  Despite challenges – loadshedding, high …

    Source: ESI Africa - Neutral
  • Published on 06:03 GMT

    World Bank slashes 2025 global growth forecast

    Kampala, Uganda | THE INDEPENDENT | The World Bank has slashed its 2025 global growth forecast, citing trade tensions and policy uncertainty. The report released during the week said global gross domestic product (GDP) growth to 2.3 down from the 2.7 …

    Source: Independent (Uganda) - Center-left
  • Published on 06:50 GMT

    ATIDI forecasts strong future growth for its activities in Angola

    This article was produced with the support of ATIDI Ahead of its 25th Annual General Meeting in Luanda, Angola, the African Trade and Insurance Agency, now rebranded as the African Trade and Investment Development Insurance (ATIDI) has affirmed its …

    Source: African Business - Neutral
  • Published on 10:59 GMT

    The Tanzania-Zambia Railway Tracks the History of the Cold War

    In February, in Dar es Salaam, Tanzania, my traveling companion and I boarded the Tazara, the acronym used fondly by its riders to refer to the Tanzania-Zambia Railway. The journey felt like stepping back in time, to an era when one left the details …

    Source: New Lines Magazine - Left-wing
  • Published on 02:38 GMT

    Top 10 African countries with the highest leap in government debt from 2024 to 2025

    Although debt may be an essential instrument for funding development, its sharp annual growth is posing questions about long-term viability, economic expansion, and public welfare. Countries like Ghana, Zambia, Kenya, and Egypt have witnessed substantial …

    Source: Business Insider Africa - Neutral
  • Published on Jun 18, 2025

    World Bank Flags Global Slowdown and Falling Commodity Prices, Casting Shadow Over Zimbabwe’s Mining Prospects

    Zimbabwe’s mining sector, a cornerstone of the national economy, faces increasing headwinds as the World Bank projects global economic growth to slow to 2.3 per cent in 2025—the weakest rate since the 2008 financial crisis. This slowdown comes amid a sharp …

    Source: Mining Zimbabwe - Pending
  • Published on Jun 17, 2025

    It’s Time for the World Bank to End the Ban

    The African Energy Chamber (AEC) (www.EnergyChamber.org) is calling on the World Bank to end its ban on financing upstream oil and gas projects, urging the institution to align with Africa’s urgent need to eradicate energy poverty and achieve sustainable …

    Source: Business Ghana - Pending
  • Published on Jun 18, 2025

    Starlink is now live in Guinea-Bissau, its 23rd African market

    SpaceX’s Starlink has taken a significant step in bridging Africa’s digital divide with the launch of its high-speed, low-latency internet service in Guinea-Bissau, as announced via an X post by @Starlink earlier today. The rollout, marked by an …

    Source: Technext - Neutral
  • Published on Jun 18, 2025

    Why is Afreximbank in focus over Africa debt restructuring deals?

    NAIROBI - The African Export-Import Bank has been thrust into the spotlight due to a dispute over whether its loans to African countries now in default should be subject to writedowns in debt restructuring deals. Here are more details about the Cairo-based …

    Source: Zawya - Indeterminate
  • Published on Jun 18, 2025

    Hotel groups Hilton and Marriot announce African expansion plans

    By Colleen Goko JOHANNESBURG (Reuters) -U.S. hotel chains Hilton and Marriott have announced African expansion drives to tap into the continent's rapid tourism growth. Rising business and leisure travel on the continent has made it increasingly …

    Source: Yahoo Finance - Center-left
  • Published on Jun 18, 2025

    #AEF2025: Unity will drive Africa’s energy revolution

    For the first time in its history, the Africa Energy Forum is being held in South Africa. Held at the Cape Town International Convention Centre from 17 to 20 June 2025, the forum presents a unique opportunity for African collaboration. Image credit: …

    Source: Zawya - Indeterminate
  • Published on Jun 18, 2025

    Fact-Check: Partially True – Malawi’s post-harvest Food loss up to 30%

    Claim: After harvest, Malawi loses as much as 30% of its food. The claim (archived here) was made in a news story that was published on April 29, 2025, by the online daily NyasaTimes. According to Elida Kazira, the Director of Local Development in the …

    Source: The Maravi Post - Neutral
  • Published on Jun 17, 2025

    South Africa: Vodacom to invest $5.6mln in 106 new rural base stations across KZN

    Vodacom will invest approximately R100m to build 106 new base station sites in deep rural areas of KwaZulu-Natal. This aims to connect hundreds of thousands of people who have been excluded from the digital age. The deployment will help bridge significant …

    Source: Zawya - Indeterminate
  • Published on Jun 17, 2025

    Opinion – Africa needs a robust digital infrastructure and reliable digital services

    Africa needs a robust ICT infrastructure and reliable digital services to remain competitive in an increasingly complex global landscape By Alpheus Mangale, Group CEO of SEACOM Africa has long been dubbed the “Last Frontier”, a phrase that speaks both to …

    Source: The Maravi Post - Neutral
  • Published on Jun 16, 2025

    World Bank Flags Botswana Slowdown

    A new World Bank report reveals slowing poverty reduction and rising unemployment and economic vulnerability in Botswana   GAZETTE REPORTER   Botswana’s  economic growth and welfare improvements have slowed over the past 15 years, according to the World …

    Source: Botswana Gazette - Neutral
  • Published on 03:10 GMT

    NEIL OVERY: Critical minerals framework is a test for commitment to climate justice

    In January President Cyril Ramaphosa stated that SA’s presidency of the Group of Twenty (G20) presented an opportunity to create a “grand bargain” to ensure the global boom in critical minerals properly benefits the countries and communities that are …

    Source: BusinessLIVE - Pending
  • Published on 07:57 GMT

    BRICS New Development Bank Battling Multipolar Challenges 

    On the sidelines of the St Petersburg International Economic Forum (SPIEF), Russian President Vladimir Putin has held a working discussion with Dilma Rousseff, President of the New Development Bank (NDB) established by BRICS countries. According to …

    Source: The News Chronicle - Neutral
  • Published on 11:12 GMT

    Putin Advocates BRICS Bank Shift to National Currencies

    Russian President Vladimir Putin has called for increased use of national currencies in international settlements during discussions with New Development Bank President Dilma Rousseff at the St. Petersburg International Economic Forum. The meeting focused …

    Source: News Ghana - Indeterminate
  • Published on 04:12 GMT

    Low funding, vandalism limit TCN’s power transmission efforts

    Transmission Company of Nigeria, the backbone of the national power system, is left prostrate by underfunding and vandalism as Nigeria strives to improve its electricity supply, DARE OLAWIN reports The ambitions of the Federal Government for grid expansion …

    Source: Punch - Indeterminate

12 days 21:40:18

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  • Published on June 19, 2025 - 11:28 GMT

    China Set to Launch Global Hub for Digital Yuan

    (MENAFN) China is set to launch an international operations center dedicated to the digital yuan, announced this week by the People’s Bank of China (PBoC), in a strategic move to boost the currency’s global reach and cut dependence on leading international …

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  • Published on June 17, 2025 - 14:48 GMT

    World Bank: FDI in Developing Nations Hits Lowest Since 2005

    (MENAFN) World Bank data released on Monday paints a bleak picture for emerging markets, as foreign direct investment (FDI) plunged to just $435 billion in 2023 — marking the weakest inflow since 2005. The decline reflects mounting global trade …

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  • Published on June 17, 2025 - 14:48 GMT

    World Bank Reports Drop of FDI in Developing Markets

    (MENAFN) The World Bank announced on Monday that foreign direct investment (FDI) in developing markets dropped to USD435 billion in 2023—the lowest level observed since 2005. This sharp decrease is attributed to intensifying global restrictions on trade …

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  • Published on June 17, 2025 - 18:13 GMT

    Significant support from World Bank in implementing major projects

    Антић је на скупу "CO2 – могућности прикупљања, коришћења и складиштења" (CCUS) истакао да би у први план требало ставити одговоран однос према животној средини у смислу коришћења фосилних горива и нових технологија које треба да смање емисију уг …

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  • Published on June 16, 2025 - 09:07 GMT

    Bangladesh Secures USD250M World Bank Funding

    (MENAFN) The World Bank’s board of executive directors has greenlit $250 million in funding aimed at elevating public sector efficiency across Bangladesh by enhancing transparency, accountability, and operational effectiveness within pivotal government …

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  • Published on June 18, 2025 - 15:00 GMT

    G7 Leaders Rally Behind Trump’s Peace Bid

    (MENAFN) Ukrainian head of state Volodymyr Zelenskyy reported on Wednesday that the Group of Seven had thrown their support behind US President Donald Trump’s drive for “a just and lasting peace.”  He implored Moscow to mirror Kyiv’s pledge to halt …

    Distribution channels: ...
  • Published on June 18, 2025 - 05:11 GMT

    Chair’s Summary

    CANADA, June 17 - The Leaders of the Group of Seven (G7) gathered in Kananaskis, Alberta, from June 15-17, 2025, with the objective of building stronger economies by making communities safer and the world more secure, promoting energy security and …

    Distribution channels:
  • Published on June 17, 2025 - 21:51 GMT

    G7 Critical Minerals Action Plan

    CANADA, June 17 - We, the Leaders of the G7, recognize that critical minerals are the building blocks of digital and energy secure economies of the future. We remain committed to transparency, diversification, security, sustainable mining practices, …

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