ABiQ Insights

Eskom plans to add 4 GW of renewable power to the national grid

Eskom has launched a request for a proposal to lease land to add an estimated 4,000 MW of new renewable generation capacity to the national grid.

South Africa’s employment swings from Full-time employment to Part-time

Statistics South Africa’s Quarterly Employment Statistics (QES) report for December 2021, released in March 2022, shows a “trade-off” between part-time and full-time employment in South Africa in 2021.

Chinese funding dominated Africa’s project market in 2021

Despite disruptions of the COVID-19 pandemic, Africa started construction on more than $160 billion worth of projects in 2021. The Export-Import Bank of China is funding projects worth more than $15 billion that started construction work in 2021.

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Focus on Ghana: Key Development Areas

The Government of Ghana has listed five key development areas in “The Coordinated Programme of Economic and Social Development Policies”. These development areas centres around socio-economic development, good governance, sustainable development and strengthening the country’s role in international affairs.

New currency weights for SDR valuation basket set by IMF

The new currency weights for the Special Drawing Rights (SDR) valuation basket was determined by the IMF Executive Board

Saudi Aramco announced record results for the first quarter of 2022

Saudi Aramco announced record results for Q1 2022 with a net income increase of 82 per cent, driven by higher volumes and pricing.

The U.S. provides $808 million in humanitarian aid to Syria

USAID announced an $808 million package of humanitarian assistance to Syria at the Sixth Brussels Conference on “Sustaining the future of Syria and the region”.

BII and Norfund invest ZAR 600 million in renewable energy development SA

British International Investment and Norfund will invest ZAR 600 million in H1 Capital to develop renewable energy in South Africa.

PAPSS and BUNA will collaborate to build a payment gateway for MEA

To improve trade between the African continent and Middle Eastern Countries, Afreximbank and the African Union will support the development of a payment gateway between PAPPS and BUNA.

The AfDB launched an AUD155 million social bond

The African Development Bank has successfully launched an AUD155 million social bond that will mature in October 2032. The bond will fund the continent’s most pressing social development needs.

World Bank to provide $200 million for Ghana Digital Acceleration Project

The World Bank approved $200 million to help the government of Ghana catalyse its digital transformation under the Ghana Digital Acceleration Project.