The African Development Bank provides $27.33 mn relief package to African Union
The capital will provide technical assistance and develop the capacity for the 37 African Development Fund
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Nvidia to acquire SoftBank’s chip designer subsidiary for $40 billion
Nvidia will also provide stakes between 6.7 percent and 8.1 percent to SoftBank and $100 billion Vision Fund
The European Commission makes its debut in green bonds issuance
The €750 billion borrowing deal with the international finance market was carried out in July
South Africa expects more than 7% economic downturn
South Africa’s GDP slumped 51 percent in the second quarter marking a back-to-back contraction for the fourth time in the year
Tanzania, Uganda to construct new East African crude oil pipeline
The cost requirement for the commercial production of the 1,445-km long pipeline is $3.5 billion
Insurance companies in Hong Kong rely on online sales to avoid record slump
Consumers in mainland China spent only $108 million in the second quarter on insurance policies in Hong Kong
The UK will implement new approach towards subsidy control
The UK will follow any international obligations on subsidies agreed in accordance with the future free trade agreements
BP signs deal with Sweden’s Equinor to acquire offshore wind assets in the US
2 gigawatts (GW) capacity will be installed in Empire Wind offshore
Saudi Electricity Company to float green dollar bond
The state-controlled company will look for potential investors based in the Middle East, Europe and Asia
Singapore’s property market soars as unspecified buyers show interest
The monthly average sales by mainland Chinese buyers remained strong despite the pandemic-induced recession