Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today the successful first close on its fourth mezzanine fund. With US $207 million of commitments from European and US-based commercial investors as well as development finance institutions (DFIs), including IFC, CDC Group and SIFEM, Vantage Mezzanine Fund IV is on track to reach its target […]

Kenya U20 Vice-Captain Matoka Matoka put on a man-of-the-match performance as Kenya beat Madagascar 21-20 in the final match of the U20 Barthes Trophy played at the Nyayo National Stadium on Sunday afternoon. Both teams went into the match buoyed by huge wins over third-placed Senegal and everyone had their work cut out if they […]

An estimated 23,000 lives per year could be saved and up to $2 billion in economic losses averted by improving weather forecasts, early warning systems, and climate information in low- and middle-income countries, according to a new report (https://bit.ly/3xAkDay) issued by the Alliance for Hydromet Development (https://bit.ly/3k7041u). Known as hydromet, reliable and accurate weather and […]

Download logo The South African Aerospace, Maritime and Defence Industries Association (AMD) (www.AMD.org.za) is currently playing an important yet largely un-sung role in South Africa’s economy and civil society, with enormous potential to drive positive change even further. This is according to Sandile Ndlovu, Interim Executive Director: AMD, who explains, “The AMD is a grouping […]

Bauke Mollema (Trek-Segafredo) won stage 14 of the Tour de France, going solo to the line from 40km out to take an impressive win. Stage 14 of the Tour de France was another tough climbing day, as riders made their way from Carcasonne to Quillan over 183km. Once again it was an explosive start to […]

Download logo Devin Booker got 31 points, Chris Paul added 23 points and 8 assists and the Phoenix Suns defeated the Milwaukee Bucks 118-108 in Game 2 of the 2021 NBA Finals (www.NBA.com). The Suns have taken a 2-0 lead in the best-of-seven series, winning both of their home games, before the series shifts to […]

Mark Cavendish (Deceuninck-Quickstep) won stage 13 of the Tour de France, sprinting to the win in Carcassonne. Stage 13 of the Tour de France was another long transitional stage, covering 220km of the Southern France countryside. The stage got off to another fast start with a number of riders again looking to make the break. […]

Download logo The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €39 million loan package for the construction of the Kinguélé Aval hydroelectric project in Gabon. The package comprises €20 million from the African Development Bank, €10 million from the Africa Growing Together Fund and €9 million in concessional financing […]

Download logo The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $6 million grant to launch the initial phase of the Desert to Power West Africa Regional Energy Program. Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by harnessing the region’s abundant solar […]

President of the Republic of Senegal, His Excellency Macky Sall, welcomes the support of Team Europe and other partners, including the United States and the  World Bank Group, in the construction in Senegal of a facility for manufacturing vaccines against COVID-19 and other endemic diseases; President of the Republic of Senegal, European Commissioner for the […]