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.
Comment, Analysis & Research
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.
10/05/2022
Safaricom value dips below Sh1trn after US rate hikes
Safaricom, the country’s most profitable company, accounted for 82 percent of the NSE paper loss of Sh662 billion since the start of the year
10/04/2022
Africa is the recipient of collateral damage in the politics of climate change wrangling
Mother Nature does not measure where the emissions come from.
10/04/2022
Top 10 banks in Nigeria by highest profit after tax in H1 2022
This is according to an analysis by Nairalytics
10/03/2022
7 Moroccan banks in the top 20 in North Africa
The Alawi kingdom has the highest proportion of banks among the top banks in the entire North African region
09/30/2022
World Bank: developing countries facing currency depreciation crisis
The World Bank Group yesterday said developing countries are facing currency depreciation, and capital outflows challenges that could affect their future.
09/30/2022
New data shows wealthy South Africans under financial strain
The continued quarter-on-quarter decline in Q1 2022 indicates that consumers are becoming increasingly exposed to the rising cost of living, said Experian.
09/28/2022
There’re Too Many Small Players In Nigeria’s Insurance Industry – CEO, Sanlam Pan African, SPA Life
Recently there was a transaction with FirstBank, they sold their stake in the business, we had the right to buy and we bought it up.
09/27/2022
Salary delay for Tshwane metro staff resolved, says city as it blames bank
Employees were assured this had been resolved.
09/27/2022
Appetite for Islamic banking concepts ticks up in Africa
A mix of high-interest rates and poor banking facilities is seen as contributing to non-Muslims entering the market for interest-free Islamic banking services.
09/26/2022
How your insurance is likely to change in South Africa
KPMG pointed to research by Cox Automotive that found that, in general, the priority of car ownership is becoming less important.
09/26/2022
PenOp urges organisations to prioritise emotional intelligence
The association said in a statement that the ever-changing and constantly evolving work environment placed various levels of stress on individuals and organisations.
09/22/2022
Islamic banking in Africa to gain foothold over next decade despite regulatory challenges: Moody’s
Islamic banking assets constitute only 2% of global Shariah-compliant banking assets