UK funding has been deployed to a range of vital infrastructure projects
UK exporters have gained a foothold in West Africa, which accounts for more than one-quarter of Africa’s GDP
United Kingdom targets West African markets
Finance
Mauritius and India jointly e-inaugurate Social Housing Units and Civil Service College projects
The event also comprised the exchange of an agreement between the Export Import (EXIM) Bank of India and State Bank of Mauritius (SBM) Infrastructure Development Community Ltd
The Prime Ministers of Mauritius and India, Pravind Kumar Jugnauth and Narendra Modi respectively, e-inaugurated the 956 Social Housing Units and the e-launched the Civil Service College (CSC) and 8MW Solar Photo Voltaic (PV) Farm projects
Verdant Capital and KfW establish new fund to support MSME growth in Africa
The fund will target specialist banks, microfinance institutions, leasing, and factoring companies, fintech and other non-bank financial institutions. (Image source: Verdant Capital)
Verdant Capital Hybrid Fund (VCHF) has reached its first closing at US$36mn of committed capital and support for micro, small and medium-sized enterprises (MSME) through investment in financial institutions
Internet service provider Isizwe raises funding to catalyse commercial capital
Isizwe offers unlimited Wi-Fi access in townships and informal settlements on a low-cost, pay-per-use basis. . (Image source: Adobe Stock)
Isizwe, an internet service provider that offers online access to low-income communities, has raised US$460,000 in funding from Global Innovation Fund (GIF) to de-risk its model and encourage further investment
Botswana has double-digit economic growth on the cards
The real GDP growth in Q3 2021 mainly reflects stronger output in the diamond and wholesale and retail industries. (Image source: Adobe Stock)
Statistics Botswana’s (StatsBots) latest data release shows that the real GDP has expanded by 8.4% year-over-year in the Q3 2021 compared with a contraction of 4.5% year-over-year in the Q3 2020
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