04/14/2023
Sanlam cuts loss to Sh54m on lower costs
The latest performance marks the third straight year for Sanlam Kenya to be in losses.
Alternative Investments
04/13/2023
ARC offers back offices to Bermuda reinsurers
Arc is focusing on reinsurance, fintech, financial services, utilities, gas and energy and other emerging markets.
04/13/2023
Access Holdings completes $300 million investment into flagship subsidiary
In corporate disclosure seen by Nairametrics, Access Holdings explained that the proceeds will supplement the capital need of its African expansion strategy.
04/13/2023
South Africa on investment super drive
South Africa will host its fifth South Africa Investment Conference (SAIC) on 13 April in Johannesburg.
04/12/2023
Altum Group Announces Expansion with New Office in Cape Town
Our expansion into Cape Town demonstrates our dedication to meeting the evolving needs of our clients and tapping into an exceptionally talented workforce.
04/06/2023
African Islamic Finance Awards distribution ceremony will be held in the Gambia
Awards Aim to Recognized the Institutional Role through Socio-Economic Developmental Impact for a Better Future; Muhammad Zubair
04/06/2023
Nigeria, South Africa, Egypt slowing regional growth, says World Bank
The report said debt distress risks remain high with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.
04/06/2023
UBA Targets 20% RoAE in 2023 FY
Speaking on the targets for this year, the Group Managing Director/CEO, UBA, Mr. Oliver Alawuba during the Bank’s virtual “audited 2022 results conference call”, said despite the global headwinds across all markets, the management and st
04/05/2023
Access Bank gets $300 million capital investment to drive African expansion
The investment takes the form of a Tier 1 capital qualifying mandatory convertible instrument
04/05/2023
Interbank loan rates rise to 7.9pc over tight liquidity
The reduced liquidity points to difficulties ahead in the government’s borrowing plans from the domestic market for budgetary purposes.
04/05/2023
Kroll expands in South Africa
Company representatives stated that they are happy to be expanding in Johannesburg, enabling Kroll to offer a wider breadth of risk and financial advisory solutions to companies operating in South Africa and across Africa.
04/04/2023
Afreximbank Provides $10m Trade Line Facility to Parallex Bank Limited
The $10 million financing facility will be used by Parallex Bank to facilitate, through on-lending, access to cross-border trade finance for small and medium-sized enterprises (SME), and to create lines of credit for businesses operating in the agricultur
04/03/2023
This property trend is heating up among rich South Africans
The report said that over 40% of South Africa’s homes valued at over $1 million are found within Cape Town’s prime seven suburbs
04/03/2023
First Bank changes name of UK, African subsidiaries
The new identity of the subsidiaries contributes to an enhanced brand presence.
04/03/2023
Bank of Kigali raises dividends as profit hits $54m
The latest dividend is a rise from Rwf28.7 ($0.026) that was paid for each ordinary share in the previous financial year.
04/03/2023
KCB beats Safaricom in net assets
KCB entered the DRC market last year with the acquisition of an 85 percent stake in Trust Merchant Bank (TMB), in a deal that was closed in December.
03/31/2023
South Africa raises key lending rate higher than expected to 7.75%
The rate increase was larger than the 25 basis point increase expected by the majority of economists polled by Reuters
03/30/2023
Kenyattas, Equity CEO top in Sh63bn bank dividends
The Ndegwas will earn Sh876 million on their 12.52 percent ownership in the same bank, which was created following the merger of the former NIC Group and CBA Group.
03/29/2023
The businesses hardest hit by liquidations in South Africa
January this year reported 81 liquidations, the lowest number in the last six years, with January 2017 being the second lowest at 91.
03/29/2023
Equity, KCB pile pressure on Safaricom in profitability race
This follows a back-to-back profit drop by Safaricom in the year ended March 2022.