Rachel Savage | Bizcommunity

News

A man poses with a handful of Zimbabwean dollars at a bank in central Harare, 15 June 2015. Zimbabweans began exchanging old notes of local dollars for US dollars, as President Robert Mugabe's government seeks to officially bury the worthless currency. Reuters/Philimon Bulawayo/File Photo

Banking

Zimbabwe launches gold-backed currency to replace battered local dollar

Nyasha Chingono 5 Apr 2024

Source: Reuters.

Economy

Economic growth falls to 3.2% in 2023, African Development Bank

Rachel Savage 16 Feb 2024

Image source: andreypopov –

Climate Change

#COP28: Zambia's first green bond to be issued by year-end by Copperbelt Energy Corp

Chris Mfula 6 Dec 2023

Source: Archive | Transnet

Logistics & Transport

Govt throws troubled Transnet R47bn lifeline

Nelson Banya 1 Dec 2023

Source: Reuters.

Economy

Africa's economic growth to slow in 2023, AfDB says as it slashes forecasts

Rachel Savage 30 Nov 2023

A child collecting chunks of coal looks on at a colliery while smoke rises from the Duvha coal-based power station owned by state power utility Eskom, in Emalahleni. SOurce: Reuters/Siphiwe Sibeko

Energy

World Bank in talks for $1bn loan to end SA load shedding

Rachel Savage and Jorgelina do Rosario 16 Oct 2023

File photo: A Somali herdsman walks with his donkey past a rotting carcass in Garbaharey, southern Somalia, 23 January 2006. Reuters/David Mwangi/File Photo

Climate Change

Climate change may increase conflict deaths, says IMF

Rachel Savage 30 Aug 2023

Image source: padasmith –

ESG & Sustainability

Zimbabwe to take 30% of carbon credit revenue

Nyasha Chingono 21 Aug 2023

Image: Gabon's President Ali Bongo Ondimba addresses the 77th Session of the United Nations General Assembly at UN Headquarters in New York City, US, 21 September 2022. Reuters/Brendan McDermid

ESG & Sustainability

Gabon 'blue bond' swap raises hopes for wave of African debt-for-nature deals

Rachel Savage 16 Aug 2023

Source: Reuters.

Banking

'Brics bank' issues first South African rand bonds

Rachel Savage 16 Aug 2023

Source: Reuters.

Banking

'Brics bank' looks to local currencies as Russia sanctions bite

Rachel Savage and Brenda Goh 11 Aug 2023

Source: Reuters. A view shows an ecoguard walking on a path in the Arboretum Raponda Walker during a press visit of this protected forest aera on the eve of the opening of the One Forest Summit in Libreville, Gabon, February 28, 2023.

Banking

Gabon launches tender for Africa's first debt-for-nature swap

Marc Jones and Rachel Savage 26 Jul 2023

Ugandan human rights lawyer and activist leads fellow activists to file a petition challenging the signing of the new Anti-homosexuality law by President Yoweri Museveni, at the constitution court in Kampala, Uganda, 29 May 2023. Reuters/Abubaker Lubowa

Legislation

Uganda enacts harsh anti-LGBTQ law including death penalty

Reuters 30 May 2023

Source: Reuters. Felix Mutati, when he was finance minister of Zambia.

Fintech

Zambia to finish cryptocurrency regulation tests by June -minister

Chris Mfula and Rachel Savage 13 Apr 2023

#Budget2023: Investors welcome Eskom debt relief plan

Markets & Investment

#Budget2023: Investors welcome Eskom debt relief plan

Rachel Savage 23 Feb 2023

Eskom's debt plan raises hopes for investors facing long wait for relief

Energy

Eskom's debt plan raises hopes for investors facing long wait for relief

Rachel Savage and Kopano Gumbi 26 Jan 2023

Government to take on Eskom debt in staggered way

Energy

Government to take on Eskom debt in staggered way

Kopano Gumbi and Rachel Savage 12 Jan 2023

Source: Reuters.

Markets & Investment

Johannesburg Stock Exchange hits all-time high, rand firms

Anait Miridzhanian and Rachel Savage 9 Jan 2023

CAR delays crypto token listing, cites 'market conditions'

Fintech

CAR delays crypto token listing, cites 'market conditions'

Rachel Savage and Elizabeth Howcroft 20 Dec 2022

Source: African Bank.

Banking

African banks increasingly worried about funding costs, survey shows

Marc Jones and Rachel Savage 21 Oct 2022

Representations of cryptocurrency Bitcoin are seen in this illustration, 10 August 2022. Reuters/Dado Ruvic/Illustration/File Photo

Corporate & Commercial Law

South African crypto platforms must be licensed in 2023 - regulator

Rachel Savage 20 Oct 2022

Source: Reuters. The central business district in Nigeria's commercial capital of Lagos, Nigeria February 10, 2019.

Economy

Sub-Saharan Africa's growth to drop to 3.3% this year, World Bank says

Rachel Savage 5 Oct 2022

Africa getting just 12% of financing needed to adapt to climate change - report

Climate Change

Africa getting just 12% of financing needed to adapt to climate change - report

Rachel Savage 12 Aug 2022

Sub-Saharan Africa's growth to slow to 3.6% this year, World Bank says

Economy

Sub-Saharan Africa's growth to slow to 3.6% this year, World Bank says

Rachel Savage 14 Apr 2022