Financials and Investment News in South Africa

Africa Energy Amends Credit Facility
11/7/2023 - Africa Energy Corp. (“Africa Energy” or the “Company”) announces that it has amended its existing credit facility, increasing the amount available from US$5.0 million to US$8.3 million and extending...
Tower Resources Announces Total Voting Rights
10/31/2023 - Tower Resources plc, the Africa -focused energy company, announces, for the purposes of the FCA's Disclosure and Transparency Rules, that the total issued share capital of the Company consists of 8,76...
Kinetiko Announces Quarterly Activities Report Ending 30 September 2023
10/31/2023 - HIGHLIGHTS
• Health, Safety and Environment
• No accidents, injuries or health or environmental incidents have been reported during the period.
• Safety meetings are held prior to eve...
AFDB Approves ZAR 2.7B Subordinated Financing & $150M Trade Finance Facility for Absa Group
10/27/2023 - The Board of Directors of the African Development Bank has approved a financial package for Absa Group Limited comprising a sustainability-linked loan for an amount of ZAR 1.7 billion; an investment o...
IFC Partners with FirstRand Bank to Expand SME Financing in South Africa
10/26/2023 - To facilitate increased access to financing for small and medium-sized enterprises (SMEs) in South Africa, including women-owned businesses, IFC announced a loan to FirstRand Bank, which will support ...
Eco Atlantic Announces Director Dealing
10/26/2023 - Eco (Atlantic) Oil & Gas Ltd. , the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa , Namibia , and Guyana , announces that Alan Friedman , Non-executive Direc...
Eco Atlantic Announces Director Dealing
10/25/2023 - Eco (Atlantic) Oil & Gas Ltd. , the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa , Namibia , and Guyana , announces that Gadi Levin , Finance Director of Ec...
Eco Atlantic Announces Director Dealing
10/24/2023 - Eco (Atlantic) Oil & Gas Ltd. , the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa , Namibia , and Guyana , announces that Peter Nicol , Non-Executive Chairma...
Black Excellence in the Spotlight #AEW2023
10/19/2023 - African Energy Week 2023 featured a dynamic conversation on Black excellence – featuring Clarence Seedorf, Chairman of the Black Impact Foundation – ahead of the upcoming Global Black Impact Summit in...
BIF, African Chamber Promote Opportunities for the Global Black Community
10/19/2023 - The African Energy Chamber and the Black Impact Foundation signed an agreement during the African Energy Week 2023 conference.

Underpinned by a mandate to make energy poverty history by 203...
Eco Atlantic Announces Director Dealing
10/18/2023 - Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa , Namibia , and Guyana , announces that Gil Holzman , Chief Executive Office...
AEW 2023: IHRDC Hosts Technical Session on Building Local Competencies
10/17/2023 - International Human Resources Development Corporation discussed leveraging core competencies to reduce costs and maximize organizational efficiencies during the technical track of African Energy Week ...
Whistleblowing is Central to Eskom’s Eefforts to Rid the Organisation of Fraud & Corruption
9/4/2023 - Eskom finds the baseless claims that the organisation has launched an investigation to expose whistle-blowers serious, concerning, and malicious. The organisation considers whistle-blowing an importan...
IFC and Absa Partner to Expand Financing for Green Buildings in South Africa
7/31/2023 - To support the development of certified green buildings in South Africa, IFC announced a partnership with Absa Bank Limited to help the bank expand its residential and commercial loans and mortgage fi...
Release by Scatec Raises $102M to Accelerate Growth Ambitions
7/19/2023 - Release by Scatec (“Release”) signed an agreement to raise USD 102 million (NOK 1 billion) in funding from Climate Fund Managers (“CFM”) to further accelerate its growth ambitions. Release was establi...
Eskom Retains B-BBEE Level 4 Status
6/25/2023 - Eskom has retained the Broad-Based Black Economic Empowerment (B-BBEE) Level 4 status. The organisation was Level 8 contributor prior to 2022 financial year. The improved status puts Eskom in good sta...
Eskom Provides Clarity & Allays Concerns on the R500M Security Tender
6/11/2023 - Eskom would like to reassure South Africans that the placement of the Fidelity Services security contract was in line with Eskom’s Procurement Procedure and the National Treasury directives for emerge...
Eskom Notes National Treasury’s Decision to Not Grant Partial Exemption Pertaining to PFMA
6/9/2023 - Eskom notes and accepts the decision by the National Treasury to not grant the organisation partial exemption from certain sections of the Public Finance Management Act (PFMA) and Treasury Regulations...
Kibo Energy Announces Warrant Repricing, Convertible Loan Note Conversion
4/11/2023 - Kibo Energy PLC, the renewable energy-focused development company, announces that following extensive stakeholder engagement the Company has decided and agreed upon several measures to ensure the Comp...
Absa to Extend Energy Grants to SMEs Amid Crises
4/3/2023 - Struggling businesses will soon be able to apply for their share of the R50 million in grants to keep their businesses running.

In a move aimed at supporting and growing small and medium en...

Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
For Buyers
For Suppliers
Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.