10/16/2020
Standard Chartered and Experian drive financial inclusion
The success in India meant that Standard Chartered is now able to improve risk management for more clients who previously would have been underbanked.
Alternative Investments
10/16/2020
Momentum and Absa to fund share programme for black staff
The shares will be held by the iSabelo Trust, which is being set up to manage the transactions.
10/16/2020
Libya Business Council and Sahel-Sahara bank discuss cooperation and investments in Africa
The Sahel-Sahara bank has fourteen banks distributed within African countries through which it conducts the banking and financial activity, as well as supporting development paths and investment projects within Africa.
10/16/2020
INSTANDA Launches Cyber Insurance Product in Africa
INSTANDA is headquartered in the UK with offices in the U.S., Chile, Japan and Australia, and operates in 13 countries and with over 60 clients across all insurance lines and distribution channels.
10/15/2020
INSTANDA expands into South African insurance market
This follows its US$19.5 million Series A funding round in March and a series of European partnerships announced over the summer.
10/15/2020
Quilter announces additional share buyback of up to £50m
Quilter listed on the JSE and the LSE in June 2018, and is using the proceeds of its sale of Quilter Life Assurance in December 2019 to return capital to shareholders
10/15/2020
Once the tallest in Durham, the historic NC Mutual Life tower sells for $37.2 million
A global architecture firm, Perkins and Will, which helped design the Smithsonian’s National Museum of African American History and Culture in Washington, D.C., recently moved into the building.
10/15/2020
Absa – OMFIF index shows improved resilience in African financial markets
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
10/14/2020
Britam not in a rush to sell 48.2pc stake in loss-making HF
HF is now transitioning to a full-fledged commercial bank under new management led by chief executive Robert Kibaara.
10/14/2020
Rubis saves Sh1.2 billion in Gulf Energy buyout
The final price was €129 million (Sh16.4 billion) following the application of a price adjustment clause,” Rubis says of the Gulf transaction in a trading update.
10/14/2020
CITITRUST Holdings Plc launches Investment/Asset Management Company in Malawi
CITITRUST Holdings has launched a wholly-owned Investment/Asset Management Company subsidiary in Malawi.
10/14/2020
Are SA Investors More Motivated By Money Or Morals?
People want their values reflected in the way they invest, and are increasingly looking to contribute to a more sustainable society through their investments.
10/14/2020
Women Empowerment Is A Major Growth Opportunity For Africa
This means it is critical that women are better represented in policy-making positions and in executive roles in the private sector.
10/13/2020
The Agyapa deal and its aftermath: A case for offshore banking in Ghana
Even though the first offshore banking licence was issued to Barclays Bank Ghana in 2007, the Mills government revoked the licence in 2011.
10/13/2020
S. Africa Won’t Meet Debt Targets, President’s Council Says
The plan, which was submitted to the president and seen by Bloomberg, is an attempt to counter the effect of a pandemic that is expected to result in South Africa’s biggest economic contraction in almost nine decades.
10/13/2020
Why you should choose Grenada for your next passport
Citizenship by Investment in Grenada is fast, financially sound, and provides global access opportunities.
10/13/2020
Conditions are ripe for a South African sovereign wealth fund based on minerals
The boom began with a major discovery in 1969 and continued through the 1970s, particularly after the crises of 1974, when the price of oil quadrupled, and again in 1979, when it trebled.
10/13/2020
Omoluabi Mortgage Bank changes name, launches new mobile app, corporate website
Omoluabi Mortgage Bank Plc. has changed its name to LivingTrust Mortgage Bank Plc.
10/13/2020
Nigerian Economy Gets Boost In IFC Credit Deal With Union Bank
The Nigerian economy is expected to shrink by 3 percent by the end of the year, according to a forecast by Fitch Ratings, the worst downturn in 37 years.
10/13/2020
The Nigerian economy is expected to shrink by 3 percent by the end of the year, according to a forecast by Fitch Ratings, the worst downturn in 37 years.
The move could sink the southern African economy further into the mire at a moment of reckoning for the region.