08/08/2023
Shareholders protest at First Bank HQ over AGM
FBN Holdings in a notice issued in July said that it intended to raise fresh capital through a rights issue
Alternative Investments
08/08/2023
Safaricom Ethiopia, IFC Conclude Equity Investment Deal
The two sides formally closed the deal two months after the IFC agreed to make a $157.4 million equity
08/07/2023
Venture capital pool for Africa drops by $1.4bn
This translates to a 40 percent drop by both volume and value, compared with the $3.5 billion raised in the same period last year.
08/07/2023
Investments in Africa take a hit due to rate hikes in advanced economies
Dollar shortages in import-dependent economies making it worse
08/04/2023
Nigeria’s DMO lists $167mln sukuk to boost capital markets
The funds will be used for some critical projects in six geo-political zones
08/04/2023
Africa backs $514bln in new city projects to solve urbanisation challenges
According to Estate Intel, North Africa has emerged as the leading region accounting for 88% of planned new city developments across Africa
08/04/2023
Short-term gain, long-term pain for South Africa
El Nino is an irregular weather pattern that occurs every two to seven years, which results in drier conditions in South Africa.
08/03/2023
UBA GMD marks first year of impactful service
The GMD who expressed gratitude to his team and other internal stakeholders for the many successes achieved in the last 12 months
08/03/2023
Afreximbank spots MSME growth opportunities in €41.8bn factoring industry
“To ensure that factoring is effectively deployed to unlock the potential of African SMEs, more needs to be done, particularly in terms of scale, market expansion and market participants,”
08/03/2023
Old Mutual tweaks traditional strengths as insurance market changes
In 2022, Old Mutual, one of the continent's oldest businesses, and its largest insurer, posted a 99% increase on the previous year’s performance.
08/02/2023
Three Moroccan Firms Among Forbes’ Top 100 Arab Family Businesses 2023
Over 60% of the Top 100 Arab Family Businesses are major shareholders in a company listed on a regional stock exchange.
08/01/2023
CBK cuts off brokers on new mobile bond trading platform
Its launch comes at a time government securities are giving double-digit returns compared to other asset classes such as equities, which are posting negative returns.
08/01/2023
Households wary of taking on credit as interest rate pain mounts
The Reserve Bank has raised the repo rate by a combined 475bps over the past two years.
08/01/2023
Oye Seeks Better Partnership to Expand Nigeria, Spain $4bn Trade
The current trade between Nigeria and Spain is valued at over $ 4 billion, and there is still room for more growth and development in the future.
07/31/2023
Mauritius targets $8bln reserves by June next year
Foreign currency reserves have declined over the past 18 months
07/31/2023
S&P revises African Bank outlook from stable to positive
The bank’s franchise and funding profile expected to strengthen
07/28/2023
Over 100 businesses pledge to save South Africa from the brink of collapse
Adrian Gore, the CEO of Discovery, said that South African business leaders are committed to helping mitigate major problems facing South Africa.
07/27/2023
‘CBN reforms igniting fresh optimism in Nigerian economy’
Until his elevation to post of a governor, Shonubi had demonstrated his capacity as a capable deputy
07/26/2023
It’s back to just ‘bad’ for South Africa
An upward revision follows the IMF’s April revision down to 0.1%, where the global funder anticipated that load shedding would wipe most if not all prospects of economic growth in South Africa.
07/25/2023
Sanlam Nigeria launches campaign to promote insurance inclusion
The campaign, with visuals shot in location in Nigeria, centered on the need to protect the things that mattered through insurance.