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Southern Africa

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SA Will Need $30-Billion for Energy Transition says African Development Bank

African Development Bank Group President Dr Akinwumi Adesina has assured South Africa of the Bank’s strong support as the country transitions from fossil fuel to renewable energy. Adesina told Minister…
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Liquid Lands Capacity of Subsea Cable Equiano in Nigeria & South Africa

Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, has announced it has acquired a fibre pair on the Equiano subsea cable, allowing Liquid to transport traffic…
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South Africa’s Absa Bank Appoints New CEO

South Africa’s Absa Bank Group has appointed Arrie Rautenbach as its new CEO effective immediately. Rautenbach had currently been serving as Absa’s head of retail and business banking and will…
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African Development Bank Invests More than $1-Billion in Mozambique

The African Development Bank Group has invested more than $1-billion in the north of Mozambique, which includes investments into the Liquefied Natural Gas Rovuma Area 1 project, a climate resilience…
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Central Energy Fund to Invest $68M in South African Gas Project

South Africa’s Central Energy Fund (CEF) will reportedly invest R1-billion ($68-million) to help fund Renergen’s Virginia Gas Project in Free State, South Africa, in order to accelerate the second phase…
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Netflix to Invest $62-Million into SA Film Productions

The US-based streaming giant, Netflix, said that it will invest R900-million ($62-million) in South African film and TV productions during the Annual Investment Conference in Johannesburg, Sandton on Thursday. According…
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Gwede Mantashe Confirms Plans to Support SAns Amid Petrol Price Hikes

South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, has confirmed that the government is making plans to support South Africans amid recent petrol price hikes. When he was answering…
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South Africans Can Now Pre-Order the Huawei nova 9 SE

On Tuesday, Huawei announced that South Africans can now pre-order the Huawei nova 9 SE.  Huawei launched the new device, as well as their Huawei P50 series last week in…
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Nigeria’s Flutterwave Launches in Tanzania

Nigerian fintech unicorn Flutterwave, one of Africa’s leading payments technology companies, has gained approval from the Bank of Tanzania (BoT) to launch its payment services in the Republic of Tanzania.…
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Don’t Want to Get Blocked Out of Facebook? Accept These Policies

Meta says it will block some users in South Africa who have not accepted its new privacy policy on its Facebook app. It seems, though, that the new policy changes…
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