PalmPay, a leading Africa-focused fintech platform, has been included in the 2024 edition of CNBC and Statista’s prestigious list of the “Top 250 Fintech Companies in the World.” This recognition underscores PalmPay’s rapid growth and significant contributions to advancing financial inclusion. The CNBC/Statista list honours fintech pioneers significantly transforming the financial services industry through technology. More...
Day: <span>19 July 2024</span>
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Transnet receives R18.85 billion ($1 billion) loan from ADB to turn its business around
The African Development Bank Group has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully guaranteed by the government of South...
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New Africa Sustainable Development Report shows Critical importance of Scaled-Up Development Financing
The United Nations Development Programme (UNDP), the United Nations Economic Commission for Africa (ECA), and the African Development Bank (AfDB), presented today the 2024 Africa Sustainable Development Report (ASDR), at an event held on the margins of the UN High-Level Political Forum for Sustainable Development in New York. Scaled-up access to concessionary development financing, strengthened...
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Netflix added more than 8 million subscribers in its second quarter
Netflix said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as “Bridgerton,” “Baby Reindeer” and “The Roast of Tom Brady.” While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter...