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Nearly 50% of South Africans lack a retirement plan says FNB survey 

Nearly 50% of South Africans lack a retirement plan says FNB survey 

The 2024 FNB Retirement Insights Survey provides an overview of the current state and evolving dynamics of pre- and post-retirement planning in South Africa. In its second year, the in-depth research reveals persistent challenges around retirement in South Africa and highlights emerging opportunities that could significantly shape the future of retirement preparedness in the country. The 2024...

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TymeBank appoints Karl Westvig as new Chief Executive Officer (CEO)

TymeBank appoints Karl Westvig as new Chief Executive Officer (CEO)

The fastest growing banking institution, TymeBank has named Karl Westvig as its new chief executive officer. Westvig takeover from the current chief executive officer (CEO), Coenraad Jonker. According to the bank, Jonker will turn his full attention to his role as executive chairman of Tyme group, where he will drive the growth of the multi-country...

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African Development Bank’s Dr. Adesina appoints Ambassador Jalel Trabelsi as Special Envoy for MENA and Gulf Region

African Development Bank’s Dr. Adesina appoints Ambassador Jalel Trabelsi as Special Envoy for MENA and Gulf Region

The President of the African Development Bank Group Dr. Akinwumi Adesina has appointed career diplomat Ambassador Jalel Trabelsi as his Special Envoy for the Middle East and North Africa (MENA) and Gulf Region. Ambassador Trabelsi brings to the role over 30 years of experience as a highly accomplished and distinguished diplomat. As Special Envoy for...

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Bidvest Bank and FinGlobal are up for Sale says Bidvest Group

Bidvest Bank and FinGlobal are up for Sale says Bidvest Group

JSE-listed Bidvest will dispose of two of its entities – Bidvest Bank and FinGlobal, according to a statement on Sens on Wednesday. This follows the group’s announcement earlier this year that it intends to dispose of Bidvest Life. The group expects the transaction to be concluded by the end of 2024. Bidvest’s operations include financial, freight management,...

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Afreximbank and the World Trade Organization (WTO) Secretariat harmonize efforts to develop trade in Africa

Afreximbank and the World Trade Organization (WTO) Secretariat harmonize efforts to develop trade in Africa

African Export-Import Bank (Afreximbank) signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade leveraging Africa’s unique resource endowment. The MoU will allow the two organizations to pursue a collaborative framework for harmonizing and coordinating their efforts towards deepening...

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African Development Bank and African Solidarity Fund seal strategic partnership

African Development Bank and African Solidarity Fund seal strategic partnership

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...

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Africa Finance Corporation (AFC) invests in Africa’s largest copper complex in DRC

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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SoftBank Group and Tempus AI partners to launch AI healthcare services

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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Afreximbank signs two US$80 million deals for Zimbabwe’s CBZ Bank to supports SMEs

Afreximbank signs two US$80 million deals for Zimbabwe’s CBZ Bank to supports SMEs

In two deals signed at the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) is providing a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility to CBZ Bank Limited, Zimbabwe’s largest bank. The line of credit facility will strengthen financial intermediaries’ capacity to support SMEs through financing...

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