10/26/2022
World Bank Estimates Cost of Global Pandemic Prevention at $11.5bn
Says economies contracted by 4.3% in 2020 due to COVID-19
Comment, Analysis & Research
10/26/2022
Nigeria risks deeper debt crisis on low revenues – KPMG
The International Monetary Fund (IMF) had predicted that Nigeria’s debt service-to-revenue ratio would jump to 92 percent in 2022 from 76 percent in 2021.
10/24/2022
African banks increasingly worried about funding costs, survey shows
Central banks from Nigeria to Kenya, Ghana and South Africa have aggressively raised interest rates in a bid to tame inflation and give some support to currencies that have been hammered by the U.S. dollar this year.
10/20/2022
African banks increasingly worried about funding costs, survey shows
Central banks from Nigeria to Kenya, Ghana and South Africa have aggressively raised interest rates in a bid to tame inflation and give some support to currencies that have been hammered by the U.S. dollar this year.
10/19/2022
Nigerians Banks Laid off Almost 2000 Workers in 2021
This is worse than in 2020, when the COVID-19 pandemic led to the closure of businesses, including banks.
10/19/2022
Uganda has the most promising financial sector in eastern Africa
The country’s capital markets have been tremendously improving in the past two years, scoring highly in areas such as trade and settlements automation.
10/18/2022
South Africa expresses support for Saudi Expo 2030 bid
If Saudi Arabia is selected to host the event, authorities plan to turn Riyadh and the rest of the country into a world-class venue for global culture, connectivity and climate action.
10/18/2022
First interest rate cut only expected in 2024, says FNB
Property market activity weakened further in the third quarter of 2022
10/14/2022
Nigeria hasn’t requested debt restructuring — World Bank boss
Nigeria’s public debt rose by 253 per cent in seven years to N42.84 trillion at the end of June 2022
10/14/2022
World Bank, IMF to assess Nigeria’s debt sustainability
She said: “It is a fact that Nigeria’s debt has increased over the last three to four years and this increase in debt was occasioned by the different kinds of exogenous shocks that the country faced which is not unique to Nigeria.
10/14/2022
Citi's Marc Merlino on why Kenya remains attractive to investors
The conversations have also pivoted to happiness around the results of the election. And then not so much in terms of who won
10/13/2022
These are not the best of times for Africa – World Bank economist
The region’s breakthroughs in human capital development drove, and sustained, the continent’s uninterrupted economic miracle – also known as the Africa growth story.
10/13/2022
Banks may struggle in 2023 if global conditions don't improve – IMF
Government had blamed the Russia-Ukraine War and the adverse effects of the COVID pandemic on the worsening economy.
10/12/2022
AfDB: Diop N’sele as Vice-President Finance will provide leadership — Adesina
“She will provide leadership for the top-rate finance team at the bank, in the formulation and implementation of its financial strategies and transformation agenda, and in support and furtherance of its development mandate.”
10/12/2022
IMF says a third of the global economy will shrink in coming months, as it cuts SA forecast
More than a third of the global economy is headed for contraction this year or next, and the three biggest economies — the United States, European Union and China — will continue to stall, he warned.
10/10/2022
World Bank slashes sub-Saharan Africa growth forecast
As of July 2022, 29 of 33 countries in SSA with available information had inflation rates over 5%, while 17 countries had double-digit inflation.
10/10/2022
Société Générale: Will new CEO Slawomir Krupa take SoGen out of Africa?
For some, a Thomas Buberl-like scenario cannot be ruled out.
10/06/2022
Bad loans shrink as banks ramp up recovery efforts
Auctioneers say asset seizures are up this year, but they are having problems disposing of the assets in a market witnessing a glut of repossessed vehicles, land, homes and office equipment.
10/06/2022
Best and worst digital banks in South Africa according to customers
Three-quarters (68%) of consumers claim to have been targeted by fraudsters – an 8% increase since 2021, the data shows.
10/06/2022
Africa’s VC industry logs record number of deals in first half of 2022
The first half of 2022 saw 445 VC deals (to 300 unique companies) take place in Africa’s venture ecosystem, in yet another record for the industry.