03/07/2022
Banks cut borrowing from CBN by 47%
Earlier in January, banks borrowing from the apex bank fell by 46 per cent to N1.3 trillion while their deposits rose by 29 per cent to N272 billion.
Comment, Analysis & Research
03/07/2022
Investors pull back from Mutual Funds
Asset value down 12.2% to N1.12trn in 2021 •Dealers blame low returns, knowledge gap
03/04/2022
Kenya's Dollar Millionaires Hit 3,232, Projected to Rise By 27%
UHNWI are individuals with net assets worth more than USD30million.
03/04/2022
Banking sector contributes N168.4tr to GDP
Osinbajo noted that the banking industry has exhibited resilience and growth in the face of severe challenges.
03/04/2022
Payment aggregation: bringing together the African economy
Africa’s payments market is highly fragmented, with no dominant payment method or provider.
03/04/2022
SA banks ‘remarkably healthy’ – GCR Ratings
Reserve Bank gets kudos for its strong governance of the banking industry.
03/01/2022
Bain fingered: banks still won’t act
Nedbank, one of South Africa’s largest banks, also implicated in the report for “disturbing” transactions
02/28/2022
The Kingdom of Morocco is following with concern the evolution of the situation between the Russian Federation and Ukraine
The issuer is solely responsible for the content of this announcement.
02/22/2022
Multiple bank accounts fall as clients cut costs
A 2019 study by advocacy firm FSD Kenya found that the cost of running a bank account in Kenya ranges from Sh845 to Sh17,750 per annum.
02/22/2022
Tanzania, Uganda, and South Africa are the top African markets for remittance inflows in Kenya
The data from CBK showed that the cumulative inflows for the 12 months to January totalled $3.778 billion (Sh427 billion) compared to $3.113 billion (Sh351.4 billion) in the same period in 2021, a 21.4 per cent increase.
02/22/2022
Here are the 5 richest individual investors on the Ghana Stock Exchange in 2022 (ranking by billionaires.africa)
The document ranks Businessman Daniel Ofori the richest investor on the Ghana Stock Exchange, with an investment portfolio worth $28.7 million and assets spread across five listed companies.
02/21/2022
Assad Abdullatiff, Axis: Mauritius is an ideal jurisdiction for the establishment and administration of philanthropic structures
He emphasises that Mauritius offers not only the right legal vehicles to accommodate philanthropic ventures but also a number of other advantages through its conducive business ecosystem.
02/18/2022
5 amazing facts about East Africa’s tallest building owned by the Commercial Bank of Ethiopia
The tower cost an estimated 303.5 million USD and was built by Chinese construction giant China State Construction Engineering Corporation.
02/16/2022
10 predictions for what could lie ahead for South Africa in the 2022 budget speech
This has been exacerbated by the civil unrest that occurred in South Africa in July last year which has impacted business.
02/16/2022
Ramaphosa's economic plan a blueprint for privatisation of SOEs - EFF
The EFF has slammed Ramaphosa for his comments that the private sector should lead job creation.
02/15/2022
Insurance firms earned N630.36bn, paid N238.05bn claims – NAICOM
NAICOM said the total asset of the underwriting companies in 2021 was N2.14tn while net claims paid was N238.05bn.
02/15/2022
African banking tycoon Tony Elumelu shares his Top 7 rules for success
He's an economist by training, a visionary entrepreneur and a philanthropist.
02/14/2022
These South Africans are not going back to the office full-time: FNB
The longer-term rising work-from-home and work-from-anywhere trends will resume in the coming year
02/14/2022
National Insurance Commission Seeks Insurance Cover for Intervention Funds
Others are group life insurance cover by all employers of labour for all their employees where there are more than three persons; Annuity for retirees as provided under the Pension Reform Act 2014 as an option among others.
02/14/2022
International Bank Issues Alert on Kenya's Debt Crisis
Servicing the loan also takes 43 per cent of the country's revenue in form of taxes.