10/02/2019
Investors ditch South African bonds as Moody’s junk threat looms
Moody’s said last month its stable outlook for South Africa’s debt meant the credit rating was probably safe for another 12 to 18 months
Alternative Investments
10/02/2019
South African miner Harmony gets new $400 mln credit facility - bank
The facility will help Harmony expand its existing operations in South Africa, Papua New Guinea and the rest of Africa, the Absa statement said.
10/01/2019
Kenyan bourse pushes for adoption of UNEP's sustainable banking principles
Our goal is to build a financial system that embraces financial benefits as well as social and environmental ones," said Odundo in a statement issued in Nairobi.
10/01/2019
Dangote, Kagame co-chaired Board Commend President Lungu and Govt for support, hosting Southern Africa SDGs Centre
The report states that some activities being undertaken in Zambia include Transforming Zambia’s agriculture and institutional assessment of Development Bank of Zambia (DBZ).
09/30/2019
Eskom crippled by poor management, not lack of investment - AfDB chief
In an exclusive interview at Bloomberg’s New York headquarters, Adesina touched on everything from global trade tensions to criticism of China’s lending model to a capital raise at his own bank, the continent’s largest multilateral lende
09/30/2019
Mauritian envoy defends owning of offshore accounts by Ugandans
Uganda exports raw cotton to Mauritius and last year we exported cotton worth $6 million (Shs22b), which is a good beginning.
09/27/2019
Eskom’s CEO shortlist includes a former CEO, Shell exec - sources
Applications for the position closed on August 2 and interviews were held with Eskom earlier this month.
09/26/2019
Nigeria: Report Foresees More Revenue Growth for African SMEs
As a customer segment, SMEs offer vast potential
09/26/2019
SA records FDI inflows of R26.3bn in Q2
Domestic firms receive debt and equity funding from foreign parent companies.
09/26/2019
Kenya, Ivory Coast named rising stars of global trade
Kenya has been ranked position 3 in the top 20 markets with the greatest potential for future trade growth.
09/25/2019
Govt raises R74 billion in its biggest-ever Eurobond sale
Since then they have climbed to 4.98% as concern mounts over the financial burden of highly-indebted state companies such as Eskom.
09/25/2019
Big blue diamond found by struggling Petra at Cullinan mine
Still, the mine continues to produce exceptional stones, including a 425-carat white color stone earlier this year.
09/25/2019
The 10 most attractive investment destinations in Africa for 2020
The report analyses 54 African economies according to their investment attractiveness, notable advancements in their operating environments.
09/25/2019
SA records R23.6bn in foreign direct investment in second quarter
The country registered portfolio investment inflows of 10 billion rand from April to June from inflows of 29.2 billion rand in the prior quarter, the SARB said.
09/24/2019
Insurance industry must tackle gender balance
Both the Middle East and the Americas highlighted gender equality as a key barrier to overcome, while mental health sits high on the agenda for Europe and the UK, Dive In said.
09/24/2019
Renaissance Capital to enhance ESG investment approach
During his keynote address Dr Njoroge noted that Africa is the continent of the future in terms of numbers in population, workforce and the future of work.
09/24/2019
Kenyan shilling under focus as remittances fall
They have however been on a slide in July and August following the expiry of the tax amnesty offered by the Treasury to Kenyans holding wealth abroad to repatriate it home in June.
09/24/2019
Kenyan broker sells stake to French insurer buys
This rebranding is necessary because it reflects our new identity and association with Olea
09/24/2019
Ghana Pension Funds Are Shielded From Crisis-Hit Money Managers
The investments were exposed after the central bank in 2017 started weeding out weaker lenders, triggering panicked withdrawals and drying up new money flows to the fund managers.
09/23/2019
Low returns from bonds affect Uganda's NSSF
Steady declines in interest rates earned on treasury bills and bonds are attributed to loose monetary policy adopted by Bank of Uganda since 2018 in a desperate effort to boost economic growth and consumer demand.