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Finance

The ADBF arose out of the Bank’s African Financial Markets Initiative (AFMI), which aims to strengthen African economies by reducing their dependency on foreign currency. (Image source: Roo Reynolds/Flickr)

The African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF) ahead of its listing on the Stock Exchange of Mauritius Ltd on 18 September 2018

The South African Sugar Association will engage with International Trade and Administration Commission and other relevant stakeholders to look at the long term sustainability of the industry. (Image source: Kirk Kittell/Flickr)

The recently endorsed International Trade and Administration Commission (ITAC) recommendation to adjust the sugar and increase import duty of US$680 per tonne will provide the immediate relief required by the industry and protection against the surge of imports, said Ncumisa Mcata-Mhlauli, chief director for agro-processing at the Department of Trade and Industry (the dti)

Yoco’s mPOS allows merchants to accept card payments using a smartphone or tablet. (Image source: lau rey/Flickr)

Orange Digital Ventures Africa, the Orange Group’s venture capital investment fund for Africa, has made a second investment in one of the continent’s most promising fintech companies, the South African Yoco

During the signing ceremony. (Image source: ITFC)

The International Islamic Trade Finance Corporation (ITFC) has signed two new agreements with the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilisation of the fifth framework agreement

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