Finance

Tongaat Hulett invests in Mozambique sugar factory

Toglaat ATRSouth African company Tongaat Hulett has promised to invest around US$29.5mn to boost sugar production in Mozambique

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US$3bn ‘Fight COVID-19’ social bond launched in Africa

AfDN fight covidThe African Development Bank (AfDB) has raised a US$3bn in a three-year bond to help alleviate the economic and social impact the COVID-19 pandemic will have on livelihoods and Africa’s economies

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AfDB to provide policy-based operation to boost Somalia’s economy

Somalia AfdB ArrearsArrears on loans owed by Somalia to the African Development Bank (AfDB) Group have been cleared following the payment in full of US$122.55mn by the governments of the UK and the European Union

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C20 calls on G20 leaders to respond to labour market changes

C20 G20Following the ongoing global challenges, G20 leaders need to uphold the principles of human rights, civic engagement and democracy, according to Civil Society 20 (C20), one of the eight official Engagement Groups of the G20

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African finance ministers call for coordinated COVID-19 response

AFM COVIDAfrican finance ministers met on 19 March in a virtual conference to exchange ideas on the efforts of their respective governments in dealing with the social and economic impacts of COVID-19

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