05/10/2022
FBN Insurance records N38.6b gross premium
Ojumah said the company, considered as a fringe player at inception in 2010 has risen to become one of the top two life insurers in the country.
Alternative Investments
05/10/2022
AXA Mansard records N28.64bn quarterly premium
It stated that its operating expenses rose by one per cent to N2.54bn from N2.52bn in March 2021
05/09/2022
MIREME Launches $5 Million Fund to Expand Usage of Natural Gas Vehicles
The creation of this fund responds to the Government’s goal of boosting the value chain of national primary products
05/06/2022
Mozambique Will Receive $20M Capital Gains from Sale of Vale Assets
As part of the operation, the Indian multinational will carry out investments in the mines
05/06/2022
Standard Bank Maintains Expectations of Slow Recovery in a “Two-Speed” Year. Second Semester of Strong Economic Recovery
The projected growth is partly linked to the easing of Covid-19 related restrictions.
05/05/2022
Graft-Hit South Africa Firm Weighs Sale After Turning a Profit
The shares reversed declines to trade 0.4% higher as of 2:20 p.m. in Johannesburg on Wednesday.
05/05/2022
FBN Insurance pays N16.1 claims
Customer satisfaction is the fulcrum of insurance business
05/05/2022
GTR Leaders in Trade 2022
GTR revealed the shortlist for the Leaders in Trade awards in March
05/04/2022
Sanlam and Allianz to combine operations in Africa
The partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial inclusion in high-growth African markets.
05/04/2022
Nucleus to sell DFM business
The IMX team is headed up by former Redington executive, Jonny Letham, who joined the platform in April 2019.
05/04/2022
Government pension fund finally gives PIC a mandate to manage its unlisted investments again
The PIC announced on Tuesday that the two institutions have now signed the new mandate.
05/02/2022
Wealth Fund for $96 Billion Mozambique Gas Haul Seen This Year
The southeast African nation’s central bank in October 2020 published a proposed model for the fund, which it said would build up savings and contribute to fiscal stability when commodity prices fluctuate.
04/29/2022
Access Holdings’ first quarter profit leaps 9.2% to N57.4 billion
Access Holdings’ shares, listed in Lagos, climbed 0.51 per cent following the earnings release.
04/29/2022
Morocco’s Holmarcom group takes control of Credit du Maroc Bank
Morocco’s Wafa Assurance and other stakeholders own 10.73% and 10.56% respectively of Credit du Maroc
04/29/2022
Kennedy Bungane: African Bank transformation strategy gives wings to founders’ vision
They started with a mere R70. In just over a decade they were able to turn that into a successful financial institution.
04/29/2022
Top Tanzanian banks increase investment in govt securities
CRDB bought Tsh1.64 trillion ($709.95 million) worth of T-bonds, up from Tsh1.49 trillion ($645.02 million) in 2020.
04/28/2022
Africa Prudential Reports 15% Increase in PBT to N0.55bn
In addition, total liabilities also increased by 28per cent year-on-year to N8.94billion due to a 27per cent growth in customers’ deposits and a 110per cent growth in creditors and accruals.
04/28/2022
StanChart reveals Sh46bn loan for Safaricom Ethiopia licence
StanChart did not disclose the other banks with which it worked to fund Safaricom.
04/28/2022
UBA reports modest growth in first-quarter profit amid soaring costs
The bank's operating expenses leapt 20.5 per cent to N77.6 billion, leaving a great deal of bottom-line eroded.
04/27/2022
Absa Life Assurance Kenya net profit grows 84% to Sh245 million
This is for the period ended December 31, 2021.