12/27/2019
Zambia plans to compel copper miners to account for gold
Mulenga said Zambia's target for gold production next year was 40,000 kg and that would come from primary and secondary sources, including artisanal and small-scale miners.
Alternative Investments
12/27/2019
What the United Arab Emirates can show asset-rich nations in Africa
Abu Dhabi’s oil is the explanation the UAE holds some $1 trillion in resources and saves through two of its significant sovereign riches reserves, the Abu Dhabi Investment Authority (ADIA) and Mubadala.
12/24/2019
TDB signs $450mln Mideast-focused syndicated term financing
Mashreq Bank acted as the Structuring Bank and Documentation Agent, Emirates NBD Capital Limited acted as the Marketing and Roadshow agent
12/23/2019
Public debt will hit 63% of GDP end of year – IMF
The directors further called for boosting export competitiveness, increasing economic diversification, accelerating productivity growth, improving the business environment and promoting digitalisation to boost opportunities.
12/23/2019
Developer partners Fidelity Bank on housing finance
The construction is inspected stage by stage by quality assurance professionals before our client authorizes payment, eradicating the problem of builder/developer non-performance.
12/23/2019
Kenyan companies get IFC investment
Most of the investments are in form of long-term loans, with IFC acquiring significant stakes in a few firms.
12/23/2019
Safaricom undecided on new savings product after testing
The firm had completed testing the new product, dubbed “Mali” (Kiswahili for wealth), but its fate remains unknown.
12/20/2019
Stanbic loses Sh1.4bn in GDC, Chinese firm deal
Stanbic Bank had provided the Advance Payment Guarantee for HOOSL in favour of GDC
12/17/2019
SA portfolio inflows jump on record Eurobond
The current-account gap hasn’t dipped below 2% of GDP since the end of 2016 and, together with a budget shortfall that’s projected to be the widest in more than a decade next year, it keeps pressure on the rand.
12/17/2019
AfDB gives Kenya Sh38 billion loan for link road to Tanzania
The road will also link the ports of Dar es Salaam, Tanga and Mombasa, and stimulate the blue economy in coastal areas.
12/17/2019
Real estate: New offering targets Nigerians in Diaspora
He explained that an external body would vet professionals or developers building the houses at different stages to ensure quality construction before each payment.
12/17/2019
Afreximbank focuses its ambitions on North Africa
The bank, whose shareholders are both private investors and African governments, is now seeing the importance of supporting trade flows between North Africa and sub-Saharan Africa.
12/17/2019
Take down the walls that separate us – Mottley . . . PM calls for more collaboration among African, Caribbean and Pacific states
Canadian banks are selling most of their assets in the Caribbean.
12/16/2019
Danish firm buys stake in African trade financier
TDB has membership comprising of 22 states drawn from Common Market for Eastern and Southern, East African Community and South African Development Community.
12/16/2019
Kenya starts selling bonds via mobile phones
Kenya‘s banking system is fuelled by mobile payments.
12/13/2019
General insurers profit up 29pc in nine months
The companies cut their commissions to agents by 11.8 percent to Sh4.7 billion while also reducing management expenses marginally to Sh21.8 billion.
12/13/2019
A Flight to Quality
Investment managers in South Africa continue to be attracted by the opportunity not only to invest outside of the country
12/13/2019
South Africa records less foreign direct investment
The portfolio investment inflows were 40.2 billion rand from July to the end of September, compared with inflows of 10 billion rand in the previous quarter, mainly reflecting the government’s issuance of international bonds of $5 billion, the SARB s
12/13/2019
France injects €2.5 billion into Africa to finance SMEs
Revealing details of the financial solutions to SMEs and start-ups in Accra, Deputy CEO of Proparco, Djalal Khimdjee said they are working to increase capital injection on the continent from 2.5 billion to about 3 billion euros.
12/12/2019
Equity’s James Mwangi makes Bloomberg 50 list
The Nairobi Securities Exchange-listed firm is set to take a 62 percent stake in Banque Populaire du Rwanda and full ownership of BancABC Tanzania, BancABC Mozambique and Atlas Mara Zambia.