Tag: Corporate Banking
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panafrican.email: Unveiling Africa’s Resource Wealth: The Top Ten Mineral-Rich Nations on the Continent
Africa is a continent known for its vast and diverse mineral wealth, playing a pivotal role in the global mining industry. In this article, we delve into the top ten mineral-rich African countries, showcasing their significant contributions to the world’s resource landscape. 1. **Democratic Republic of Congo (DRC):** The DRC stands out as a mineral…
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SoFi Introduces Small Business Financing Marketplace
SoFi (NASDAQ: SOFI), the digital personal finance company, announced recently the expansion of its new small business marketplace within the SoFi product experience. With this addition, SoFi will now be able to better support millions of American small business owners’ financing needs by “connecting them to SoFi’s network of providers.” Anthony Noto, CEO of SoFi, said: “SoFi…
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Pan African reports increased first-half gold production
Pan African released a production update for the first half of its financial year on Monday, reporting an improved safety performance, increased gold production, and progress on the Mogale Tailings Retreatment (MTR) Project. The AIM-traded company reported a notable improvement in safety, with a decline in the total recordable injury frequency rate (TIFR) to 6.13 per…
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African startups secure new UNDP aid
Ecofin Agency) – The United Nations Development Program (UNDP) has joined forces with African nations to develop an innovative fund named “Timbuktoo”. This tool is aimed at bolstering the African startup ecosystem and supporting the growth of high-potential enterprises across the continent. According to an official UNDP statement, the $1 billion fund will raise both…
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Seedstars Africa Ventures gets $30M backing from EIB Global to invest in early-stage startups
Seedstars Africa Ventures has received a $30 million capital commitment from EIB Global, an arm of the European Investment Bank, which becomes the first major institutional investment for its first pan-African venture capital fund. The new commitment follows an $8 million investment from the fund’s anchor investor, French private equity firm LBO France. The fund…
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TotalEnergies Ranked As The World’s Leading Solar Developer In 2023
With a portfolio representing total capacity of 41.3 gigawatts (GW) in 2023, including 12 GW already in operation, TotalEnergies is a major player in the solar power market. In its latest report, research consultancy Mercom confirms our leadership position and highlights the scale and diversity of TotalEnergies’ projects worldwide. For several years now, TotalEnergies has…
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Enhancing Bilateral Ties: PAPSS Visits LBDI in Monrovia, Liberia
In a significant diplomatic development, Monrovia, the capital city of Liberia, recently played host to high-profile visits from the Pan-African Parliament Secretariat (PAPSS) and the Liberia Bank for Development and Investment (LBDI). The interactions during these visits underscored the commitment to strengthening diplomatic and economic ties between Liberia and the broader African community. The Pan-African…
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New Financing to Support 900,000 Farmers and Road Users for Economic Transformation in Liberia
WASHINGTON, December 22, 2023 – The World Bank Board has approved a Second Additional Financing for the Rural Economic Transformation Project (RETRAP-AF II). This financing is funded by an International Development Association (IDA)* credit of US$76 million from its Scale-Up Window (SUW) and $9 million grant from the KfW Development Bank through the Liberia Reconstruction…
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Charles Schwab laying off over 150 of its San Francisco employees
Of the about 2,000 employees affected by Charles Schwab’s most recent round of layoffs, 155 are based at the company’s former headquarters in San Francisco. A Nov. 6 Worker Adjustment and Retraining Notification filed with the California Employment Development Department confirms that 155 employees at Charles Schwab’s 211 Main St. office will be laid off by Jan.…
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Robinhood to roll out US stock trading in British market
Robinhood CEO Vladimir Tenev said in an interview with Bloomberg that the company is still focused on its global aspirations, and its U.K. expansion is one step toward that. In another attempt to expand its business internationally, online trading platform Robinhood has announced plans to launch its stock exchange application in the United Kingdom. In…
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