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Gates Foundation, EIB launch capital for women entrepreneurs pilot in Kenya

Published: 19 Apr 24

Philanthropy organisation the Bill and Melinda Gates Foundation and development finance institution the European Investment Bank (EIB) have launched a €30-million microfinance programme for women entrepreneurs in Kenya. The new partnership aims to strengthen women’s economic power in Kenya by tackling key barriers to financial inclusion. The €30-million microfinance programme in Kenya is backed by €15-million from EIB Global and financing from financial services firm KCB Bank Kenya.

Research group reports that the latest El Niño had a significant impact on South Africa

Published: 19 Apr 24

A South African research group has reported that the 2023/24 El Niño phenomenon was the fourth strongest yet recorded, and that it had a noticeable impact on South Africa. The research team, designated the El Niño Southern Oscillation Reference Group (ENSO-RG), was convened by the Council for Scientific and Industrial Research’s Applied Centre for Climate and Earth System Science. The ENSO-RG was set up in June last year, after the World Meteorological Organisation officially determined that an ...

Elections highlighted as a concern for SME owners, but also promise change

Published: 19 Apr 24

Almost half, or 49%, of small and medium-sized enterprise (SME) business owners who responded to the Fourth Quarter 2023 SME Confidence Index by specialist SME financier Business Partners said they were concerned that the imminent risk of economic turbulence and protest action during the election season would impact their operations. While the SME owners said the social climate ahead of the May elections was cause for concern, about 33% of the respondents said the elections would bring about much-needed change, said Business Partners impact investing executive GM David Morobe.

Hancock Prospecting sells stake in Catalyst Metals

Published: 19 Apr 24

ASX-listed Catalyst Metals reports that the entire remaining substantial shareholding held by Hancock Prospecting in Catalyst Metals’ ordinary shares has been acquired by directors and senior management of Catalyst and institutional investors. Hancock has, therefore, ceased to be a substantial shareholder of the company.

Sayona divests completely from Troilus

Published: 19 Apr 24

ASX-listed lithium producer Sayona Mining has divested about 19.2-million shares in TSX-listed Troilus Gold at C$0.63 a share through a block trade facilitated by Desjardins Capital Markets. The transaction yielded gross proceeds of about C$12.1-million, which have been redirected towards the development of the Moblan lithium project and the expansion of operations at North American Lithium (NAL) in Québec, Canada.

An image showing John Deere construction equipment

John Deere continues focus on innovation, technology

Published: 19 Apr 24

Equipment manufacturer John Deere South Africa will continue to focus on pursuing innovation on its machines and technology as it looks to strengthen its footprint in Africa. This was outlined by speakers on April 18, when John Deere’s Construction division showcased its equipment and technology solutions to customers at an event in Johannesburg.

NTCSA begins consultations on market code to govern shift towards competitive electricity industry

Published: 19 Apr 24

With the National Transmission Company South Africa (NTCSA) currently scheduled to be operationalised in July and efforts under way to ensure that the Electricity Regulation Act (ERA) Amendment Bill is passed by the current Parliament, work is now advancing on the market code for the future multimarket architecture that will progressively replace the vertically integrated structure that has prevailed for over a century. Eskom transmission MD Segomoco Scheppers will lead the NTCSA once it begins trade after addressing the remaining Companies Act requirements, having already met the key conditions of board independence, licensing and lender consent.

Minerals Council South Africa chief economist Hugo Pienaar

Chief economist unpacks mining’s deeply-rooted contribution to economy despite challenges

Published: 19 Apr 24

The mining industry makes a significant difference in the lives and livelihoods of employees and society in South Africa through economic and socioeconomic contributions, but more can be done on the governmental administrative front to enable increased benefits, says Minerals Council South Africa chief economist Hugo Pienaar. He told Mining Weekly that the Department of Mineral Resources and Energy had expressed commitment to reducing red tape and processing applications, such as mineral right exploration applications quicker.

Jaguar Land Rover develops portable charger using second-life batteries

Published: 19 Apr 24

Jaguar Land Rover (JLR) has developed a portable battery energy storage system (Bess) using second-life Range Rover and Range Rover Sport plug-in hybrid electric vehicle (PHEV) batteries. The unit, built in collaboration with energy storage startup Allye Energy, is the first Bess to be commercially available with JLR battery packs.

Conditions challenging, but some green shoots emerging – MBA North

Published: 19 Apr 24

Last year was one of the most challenging years the Master Builders Association (MBA) North has ever experienced, with many of its long-standing members entering business rescue or closing their doors, says MBA North executive director Mohau Mphomela. The 120-year-old employers’ body serves the construction industry in Gauteng, North-West, Limpopo and Mpumalanga. Many of its members are smaller, family owned businesses.