11/05/2013
Diamond Bank Suspends Planned $550m Bond Issue
The bank disclosed during an investors’ conference call on its financial results for the period ended September 30, 2013.
Alternative Investments
11/03/2013
Access Bank earmarks N3 billion to boost tourism sector
Access Bank is set to propel economic development through detailed focus on the SME segment of the market. It has identified 13 critical segments for support and created a full Division to support the needs of SMEs in Nigeria.
10/29/2013
Standard Bank Group signs affordable housing agreement with European Investment Bank
Standard Bank Group is making available up to EUR30-million for the financing of affordable housing developments in South Africa.
10/29/2013
Exclusive: Standard Bank agrees to sell $1 billion worth of Asia loans - sources
South Africa's Standard Bank Group has agreed deals to sell its Asian loan portfolio worth around $1 billion to BNP Paribas SA BNPP.SA and others
10/27/2013
Foreign Investment In Nigeria’s Stock Exchange Hits $4.7 Billion
The positive early year figures were followed by N365.07 billion ($2.3 billion) recorded during April through June
10/26/2013
PIC Mum on Microlenders
The Public Investment Corporation is remaining coy about whether it plans to follow the example of asset manager Futuregrowth by cutting its exposure to unsecured lenders on "moral grounds".
10/26/2013
Diamond Industry Financier To Shutter Botswana Office
Clients are being informed. ABN AMRO is actively engaging in a dialogue with each client to find an optimal solution, related to the continuation of the business in the region from other locations,
10/22/2013
IE-CDB partnership to help S'pore firms in African foray
Singapore companies looking to penetrate the African market can now partner with China Development Bank a heavyweight financier of infrastructure projects, with networks on the continent.
10/22/2013
FBN Life introduces ‘First Family Shield’ protection for the unexpected
This policy and its variants have been structured to provide succour for majority of Nigerians who are exposed daily to the uncertainties of life.
10/22/2013
Kenya Invites JPMorgan to Be Lead Manager for Inaugural Eurobond
Kenya prefers to have two to three lead arrangers for its inaugural overseas bond
10/22/2013
IFC and Diamond Bank to Increase Access to Finance for Nigerian Agricultural Sector
IFC, a member of the World Bank Group, said today it will provide advisory services to Diamond Bank Plc to help the lender increase access to finance in Nigeria’s agricultural sector
10/20/2013
Our Huge Investment In Nigeria Will Broaden Insurance Market – Ambah
Mr Ambah is the Group Chief Executive of Old Mutual, one of the oldest global insurance companies reputed for its world class services in both the insurance and banking industries.
10/20/2013
Allan Gray Becomes South Africa’s No.1 Fund Manager
The survey has also revealed that the Stellenbosch-based PSG has substituted Nedgroup as the third biggest manager of collective investments in South Africa.
10/19/2013
Red-hot Africa is not for the faint-hearted
Africa, a continent defined by images of poverty, conflict and poor governance, is hardly associated with the concept of profitable investment.
10/19/2013
African currencies outlook: offshore inflows to help Ugandan shilling
Dollar inflows from offshore investors buying Ugandan debt are expected to support the shilling in the next week.
10/19/2013
Dar to benefit from investment fund of AfDB
The investments will be diversified across industries and sectors. Moreover, the Fund will promote regional integration
10/16/2013
Old Mutual Set To Invest $101m In Africa
This added to a positive investment case for the continent, despite political upheavals and crises that have visited some African countries .
10/15/2013
Standard Bank, ICBC Raise $108m Debt Facility For Kenyan Heavy Fuel Plant
Standard Bank Group and the Industrial and Commercial Bank of China have concluded a $108 million debt financing package with Triumph Kenya to construct a 83MW heavy fuel oil plant in the east African nation.
10/14/2013
Stanbic IBTC Selected as Custodian for BNP Paribas Securities Services
This decision was made recently following a rigorous selection process which presented Stanbic IBTC as the most suitable custodian.
10/13/2013
Nigeria, Others’ Infrastructure to Boost Syndicated Loan
The increasing infrastructure boom in Nigeria and some other African countries will probably draw increased interest from investment banks and commercial lenders