African Development Bank

/ 29 July 2024

African Development Bank rescue of Transnet has national, regional and continental implications

This investment, used as a facilitator of local production, can also help develop regional value chains and access upstream global value chains

By Siphumelele Duma and Mikatekiso Kubayi

Business

/ 31 May 2024

African leaders repeat calls for financing reform

Heads of state met at the African Development Bank’s gathering this week, where they mulled an overhaul of the world’s financial architecture

By Sarah Smit

Business

/ 30 May 2024

Development Bank backs African credit ratings agency

The Big Three ratings agencies, Moody’s, S&P Global and Fitch, have extensive influence over how creditors assess Africa’s risk profile

By Sarah Smit

Business

/ 30 May 2024

Drought-hit Southern Africa’s growth lags

South Africa, the region’s economic powerhouse, looks to record improved, albeit tepid, growth this year and next

By Sarah Smit

Business

/ 30 May 2024

Reforms could unlock $169.4bn in African development financing a year

The African Development Bank’s economic outlook report notes that 20 countries were in debt distress or at high risk of debt distress, hamstringing their ability to achieve social development goals

By Sarah Smit

Africa

/ 20 January 2023

Africa’s energy crisis leaves continent in the dark

Over-reliance on ageing and ailing colonial infrastructure leaves over 40% of the continent’s population without electricity

By Marko Phiri

Africa

/ 9 January 2022

African leaders must stop the continent’s dependency on exploitative countries such as the US and China

The current scramble for Africa’s natural resources by major global political and economic rivalries portends deeper economic and political hardships for the continent

By Tebogo Khaas

The Green Guardian

/ 5 November 2021

African Development Bank kicked civil society to the curb at COP26

The bank asked the African Climate Reality Project to coordinate and present a position statement on energy, agriculture, forestry, land and ecosystems and climate finance but cancelled the presentation at the last minute

By Charity Migwi, Dean Bhebhe and Nicole Rodel

The Green Guardian

/ 29 September 2021

Climate envoys visit South Africa to plan for the end of coal ahead of COP26

Climate envoys from the UK, US, and the EU are in South Africa to discuss a possible coal retirement plan

By Tunicia Phillips

Africa

/ 24 September 2021

The West owes Africa $100bn (at least) for climate recovery

In fewer than three days, a US citizen emits as much carbon as a person from Chad or Niger does in one year. Such is the asymmetry in culpability for climate change.

By Chukwumerije Okereke

Opinion

/ 7 September 2021

Controversial Musina-Makhado Special Economic Zone gets green light

Environmentalists are up in arms over the decision

By Meshack Mbangula, Hazel Shirinda and Lisa Thompson

Opinion

/ 31 August 2021

We need to do more than recognise that water is a human right

Water is central to human life and cuts across the sustainable development goals water

By Wafaie Fawzi and Alex Taylor

Business

/ 14 August 2021

Medupi fails two tests already

The new plant can’t meet World Bank’s loan conditions or sulphur emissions limits

By Tunicia Phillips

Business

/ 1 February 2021

Agriculture eyes rival to Land Bank

The state-owned institution’s financial woes have led farmers and agribusiness to consider making an offer on the bank, starting a cooperative bank or partner with global commodities futures traders

By Siqalane Taho

Business

/ 29 July 2020

South Africa gets $4.3bn IMF loan. In return, the country must reform

The loan, which is repayable over five years at an interest rate of 1.1%, comes with various self-imposed conditions such cutting the public wage bill and rationalising support to the state-owned entities

By Thando Maeko

Business

/ 28 July 2020

Treasury: IMF’s low interest Covid-19 loan will provide financial relief

The International Monetary Fund has approved a $4.3-billion – R71-billion – loan to South Africa to bolster the economic relief package

By Thando Maeko

Opinion

/ 23 July 2020

An African free trade area is in our sights

Successes and failures from other initiative such as the European Union will be instructive, but much work must be done before the African Continental Trade Area becomes a reality

By Patience Panashe

Business

/ 9 July 2020

Jury’s out on green recovery

Public-private partnerships and big infrastructure builds have been suggested as ways to boost South Africa’s flagging economy. Another option to consider is green bonds, which would also help achieve climate crisis goals

By Tshegofatso Mathe

Business

/ 18 June 2020

Manuel: African nations need $40bn for debt relief

International and regional finance institutions such as the World Bank, the IMF and the AfDB have provided emergency assistance, but there still remains a funding gap to effectively fight Covid-19

By Thando Maeko

Article

/ 29 April 2020

Covid-19 hurts the middle class

The rich have a security blanket. The poorest have extended government assistance. But for South Africa’s middle class, there is little in the way of financial support during the Covid-19 lockdown. Lester Kiewit spoke to one family who are choosing between food, electricity and bond repayments

By Lester Kiewit