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AfDB, Nedbank sign multi-billion-rand partnership to expand housing, boost African trade December 19, 2025
The African Development Bank Group (AfDB) and Nedbank Group have announced a landmark financing agreement aimed at improving access to affordable housing in South Africa and expanding trade across Africa. The partnership consists of two components: a R2.5-billion social bond subscription through Nedbank’s Sustainable Finance Fundraising Framework, and a $60-million trade finance Risk Participation Agreement […]
South32, Eskom jointly exploring post-2031 power options for Hillside Aluminium December 19, 2025
Studies being undertaken on the future power source for South32’s Hillside Aluminium beyond 2031 are taking place amid awareness of the different energy levers that can potentially be pulled. The current power agreement of South Africa’s aluminium smelter at Richards Bay in KwaZulu-Natal extends to 2031, which is providing useful time to scrutinise power options […]
Botswana's economy seen shrinking almost 1% in 2025 due to diamond sector woes December 19, 2025
Botswana's government now forecasts an economic contraction of almost 1% this year as its key diamond sector continues to struggle, its finance minister said in a budget review on Friday. When the main budget was presented in February the Southern African country's government had hoped for a 3.3% gross domestic product (GDP) expansion this year, […]