Finance

US$40 million AfDB fund supports Malawian budget

Malawi AfDB and ADFMalawi has been granted approximately US$40 million by The African Development Fund (ADF), part of the African Development Bank (AfDB), to cushion vulnerable groups from the negative impacts of recent economic reforms

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China offers US$20 billion in loans to Africa

hu guineaChina has offered US$20 billion in loans to African countries over the next three years

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FNB makes banking available on Facebook

fnb  flowcomm 2

South Africa's First National Bank (FNB) has introduced banking via social networking site Facebook

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New mining fund committed to investing in Africa soon

coal NitinKirloskarThe second New Africa Mining Fund (NAMF II) has said it will make its first investment in the African mining sector within three months

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Swedish funds found for African online film distributor

lappy  Elvert BarnesOnline distributor of African movies, Iroko Partners, has received US$2 million funding from a Swedish firm, which it has said it will use to take its service to cable and satellite TV partners in the US and Europe

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