09/19/2023
Sanlam General Insurance will settle motor claims in three hours —Opadokun
He stressed that Sanlam General Insurance Nigeria is excited to announce settlement of the fastest claim in less than one hour, using the code of confidence.
Alternative Investments
09/19/2023
Assets MfB increases workers’ access to credit
“It is in line with our mission to provide accessible, reliable, and convenient financial services to individuals and businesses.”
09/19/2023
UBA Foundation Launches 2023 National Essay Competition
The first prize winner will receive an educational grant of N5 million to study at any African university of their choice
09/15/2023
South African lender FirstRand posts 11% rise in annual profit
FirstRand, the country's largest lender by market value, announced a dividend of 3.84 cents per share
09/15/2023
Union Bank Acquisition: Afreximbank Backs Titan Trust Bank With $300m
Afreximbank stated that it will continue to support the newly merged entity in trade finance
09/15/2023
Treasury leans on four short term bonds to raise Sh222bn
A three-year bond whose initial sale was in May, when it raised Sh20.3 billion, was tapped thrice before the end of June, raising another Sh56.4 billion for the exchequer.
09/15/2023
ARC Investments boosts portfolio value even as discount widens
Over the past financial year the group disposed of its remaining stake in Afrimat for R486 million as well as its Gemcap unit’s stakes in in Payprop and Humanstate, which injected R486m into the ARC Fund.
09/14/2023
Unit trusts invest bulk of funds in bank deposits
The leverage on banks' fixed deposit accounts implies that unit trusts would derive the bulk of their income, which is paid out to unit holders, from interest paid out by banks to its high-value depositors.
09/14/2023
Equity market rebounds as investors gain N338bn
A total of 569,626,853 million units of shares worth over N8.69bn were traded on the NGX in 8,404 deals.
09/13/2023
South Africa's Growthpoint posts marginal rise in distributable income
Growthpoint said distributable income per share, the primary measure of underlying financial performance in the listed property sector, rose to 157.6 cents in the year to June 30
09/13/2023
Afreximbank announces first half 2023 results delivers strong 1H financials performance
The liquidity position remained strong at US$3 billion, representing 11% of total assets and achieving a Liquidity Coverage ratio of 310%
09/13/2023
Inflation: Pensioners are worse hit —Nigeria
The Nigerian Union of Pensioners (NUP) has said pensioners are the most affected by the inflation, following the removal of fuel subsidy in the country
09/11/2023
African countries face steep costs in global credit market
When someone can get five or six percent in the US then it becomes more challenging to convince them of a similar yield on an African asset.
09/08/2023
Ecobank’s newly-launched Single Market Trade Hub promoting intraAfrican trade
Alinafe Chikudzu unpacked that Trade Hub connects traders across Africa, within the 1.4 billion people single market framework of the African Continental Free Trade Area (AfCFTA).
09/07/2023
Newly launched SanlamAllianz to provide insurance and financial services in 27 African markets
SanlamAllianz’s ambition is to be among the top three players, in both market share and profitability, in the markets where the company will operate.
09/07/2023
Where to next for South Africa’s economy
Economists at Absa said that GDP in the first half of the year was stronger than expected but stressed that South Africa’s economy is still incredibly vulnerable to load shedding.
09/07/2023
Big turn for South Africans earning more than R20,000 a month
Although the index recovered in Q3 2023, the reading of -16 is still well below the long-running average of -16
09/06/2023
President Ruto, Raila Odinga talks spur first business growth in seven months
“Job creation accelerated and purchasing activity picked up, whilst firms grew more confident about their output prospects.”
09/06/2023
Tables turn for businesses in South Africa
The recovery in output allowed businesses to hire more staff and purchase more, despite the strong increases in salaries and material prices.
09/05/2023
Bourse starts index for top 10 firms
NSE said the new index will be based on market capitalisation float-adjusted methodology, with the constituent companies’ list being reviewed semi-annually.