11/03/2020
Profit-taking halts gaining streak as market capitalisation sheds N27b
Analysts at United Capital Plc, said: “We expect the earnings to continue to sway the direction of the market coupled with the low yield environment as we await the Tier one Banks results.”
11/03/2020
IQ-EQ named ‘Best Fund Administrator’ for third year running at AGF Service Providers Awards
These prestigious awards seek to recognise the outstanding efforts and accomplishments of a broad range of firms servicing Africa’s funds industry.
11/03/2020
INFINOX Capital believes that as technological accessibility increases, the boost in the economic standpoint of the country will result in a growth in the middle class population
11/03/2020
Seven big moves could help insurers navigate the crisis and thrive in the long term.
11/03/2020
For Nigerians looking for increased access to global opportunities and travel or looking to secure a safety net, Grenada Citizenship by Investment is your answer.
11/03/2020
The survey covers 417 schemes with a total $8.4 billion of assets under management.
11/02/2020
Micro-lender Jijenge sees collection rates inch back to pre-Covid levels
The repayment rates or collection rates have returned to between 80 and 85 per cent between July and September
11/02/2020
Dr. Chiragra Chakrabarty discusses IMF report and argues on Mauritius as safest financial hub for Africa
For many years, Mauritius, as a jurisdiction has posed itself not only as a business conduit to Africa but tourism, is a major economic pillar that has leveraged growth significantly.
11/02/2020
Zambia's risk of default highlights Africa's debt crisis
Zambia seeks a holiday of six months, but the bondholders' final decision is pending.
11/02/2020
Why businesses, individuals can’t access N1.75trn intervention funds
Intervention funds are initiatives of the Federal Government aimed at providing subsidized loans, at low interests and long tenor to various sectors of the economy to fast-track private sector-led economic development.
11/02/2020
T-bills attract few takers as investors target bonds
Investors bid Sh19.52 billion in the previous week, a shift from the two auctions that had witnessed a growing demand due to improving liquidity.
10/30/2020
Blue-chips target Sh1bn new capital on key index shift
This shift means that Kenya’s weight in the index will increase to 9.49 percent from current levels of about 8.2 percent
10/30/2020
NSSF firms grip on KCB with Sh719 million share purchase
Foreign investors have sold a combined stake of 6.66 per cent in the eight-month period.
10/30/2020
Twiga Foods targets small firms with Sh3.2bn IFC funding
The drive raised Sh2.57 billion ($23.75 million) in equity from Goldman Sachs as well as venture capital investors such as the IFC, TLcom Capital, Wamda Capital and Creadev.
10/30/2020
‘The greed that sometimes drives capitalism must be tamed’ – James Mwangi
Whole teams have been set up to work from home, with all the security and equipment costs this entails.
10/30/2020
African Insurer Old Mutual to Expand Business in China
Old Mutual stuck with the partnership with China Energy Investment Corp., one of the world’s biggest power producers, after resolving ownership issues following a consolidation of the nation’s utilities.
10/29/2020
CBK forex reserves fall Sh44 billion
The foreign reserves were likely used in debt servicing of bilateral loans, multilateral loans from World Bank’s body the International Development Association (IDA) and AfDB as well as syndicated loans.
10/29/2020
Insurers had expected the change in law to help them grow annual marine insurance premiums to about Sh20 billion, meaning that the current collections are less than a fifth of the potential premiums.
10/29/2020
Andisa Ntsubane discusses the challenges businesses now face as they navigate through the COVID-19 era.
10/29/2020
It is the premier indicator of the stage of maturity of Africa’s financial markets and serves as a guide for governments to put the necessary infrastructure in place to deepen and improve the markets in order for Africa to attract its fair share of