07/21/2020
According to the agency, “the ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders, which Fitch Ratings assesses at ‘aaa’”
07/21/2020
In Kenya, COVID-19 threatens livelihoods and food security in a nation that is already grappling with the worst locust infestation in 70 years and trying to recover from extensive flooding. Around 27% of households are suffering from food shortages, accor
07/20/2020
The revenue side of the Budget consisting of debt and taxes is largely neglected.
07/17/2020
Stima Sacco first announced the bond plan in 2016, but did not give timelines for the issue after indicating it was seeking regulatory approvals.
07/17/2020
At the same time, portfolio investments, reflecting a record of buying and selling of securities such as bonds and shares, showed a sharp outflow, of 97.6 billion rand in the first quarter compared to inflows of 9.3 billion rand in fourth quarter of 2019.
07/16/2020
The Deals of the Year categories always give a good insight in terms of what is happening on the debt and equity front
07/16/2020
A rating downgrade is significant because it may influence a country’s cost of borrowing in the international financial markets.
07/16/2020
Performance across sectors under our coverage was bullish as three of six indices advanced, one lost, while oil and gas and AFR-ICT indices remained unchanged.
07/16/2020
Microfinance borrowers from Zanaco will also be able to have a savings account, he said.
07/15/2020
The decline in secondary bond turnover can be attributed to investors’ preference to hold safe assets at the moment due to the uncertainty in the market affecting the performance of riskier asset classes
07/15/2020
According to the award citation, the Awards Review Committee was impressed by its strategic vision, disciplined execution and solid competitive positions of its investee companies and subsidiaries. Receiving the award on behalf of the company.
07/15/2020
These talks were on the back of an ANC proposal, which leaked in mid-May, to amend Regulation 28 of the Pension funds Act to allow for greater investment in public infrastructure spending.
07/14/2020
It also listed a Sh5 billion five-year medium-term unsecured note on the Nairobi Securities Exchange (NSE) in 2013, maturing in September 2018.
07/14/2020
The pandemic has battered the economy and delivered mass jobs cuts with the Treasury projecting growth to slow to 2.5 percent this year from 5.4 percent last year.
07/13/2020
Cititrust Holdings Plc is designated winner of the ‘Decade of Excellence Investment Holding Company Africa 2020’ category.
07/13/2020
Equity’s Sh22.89 billion loan or about 40 per cent of its current borrowings will mature by March 2023, the information in its latest annual report shows.
07/13/2020
The agency said the international scale financial strength rating was lowered to reflect higher operating risk in jurisdictions where gross premiums are derived.
07/13/2020
Banks had restructured loans worth Sh679.6 billion or 23.4 per cent of the total loan book by the end of May.
07/12/2020
Pension taking Offshores by the Old South African
07/10/2020
“Opening of regional aviation sector will stimulate economic activities not only in the sector but to also in the tourism sector which has been hard hit by the COVID-19 pandemic.”