CapeTown

Germany's KfW Bank Provides $150 Million Boost to Cape Town's Power Grid

2 months ago

In a remarkable move aimed at enhancing energy reliability, Germany’s state-owned development bank, KfW, has committed a substantial $150 million loan to Cape Town, South Africa. This funding is designated for the improvement of the city’s power grid, which has faced significant challenges in recent years due to increasing demand and infrastructural constraints.

Argentina's Economy Minister Absent from G-20 Meeting: Implications and Insights

2 months ago

In a striking development, Argentina's Economy Minister, Luciano Caputo, reportedly skipped the G-20 finance meeting held in Cape Town, South Africa, raising questions about the future financial direction of the nation. This absence comes at a critical juncture for Argentina, which has been grappling with severe economic challenges, including soaring inflation and a depreciating currency.