The African Development Bank and the African Solidarity Fund (ASF) have signed a letter of intent to strengthen the two institutions’ working relationship and synergy. The partnership was ratified by Aida Ngom, Director of the Private Sector Development Department, on behalf of the African Development Bank Group, and Abdourahmane Diallo, the Fund’s Managing Director, at...
Day: <span>28 June 2024</span>
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Africa Finance Corporation (AFC) invests in Africa’s largest copper complex in DRC
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, announced the closing of a US$150 million senior loan with Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The loan by AFC, who acted both as lender and arranger, aligns with the Corporation’s commitment to support...
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Cyberattacks on third parties raise risks for SA Financial Services
Over the past few years, there has been an exponential surge of cyberattacks globally. New technologies, a proliferation of threat actors, greater sophistication and innovation skills invested in the cyber-underworld are all converging with the radical expansion of our digital world. This month, Statista forecast that global cybercrime costs would rise by 69.94% between 2023...
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SoftBank Group and Tempus AI partners to launch AI healthcare services
Japanese technology investor SoftBank Group has launched a joint venture with Tempus AI that aims to analyse personal medical data with artificial intelligence (AI) to come up with treatment recommendations, chief executive officer Masayoshi Son told a briefing in Tokyo. This is the latest in a string of AI investments SoftBank has recently announced as...
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Liberty Global acquires a controlling stake in Formula E, all-electric series
Formula E has confirmed that Liberty Global has acquired a controlling stake in the all-electric series. The company will purchase the shares owned by Warner Bros Discovery (WBD), taking its total stake to 65 per cent. “First of all I’d like to offer my thanks to Warner Bros Discovery for the support and guidance they’ve...