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
Alternative Investments
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.
07/25/2023
Big payday for Telkom bosses after R10 billion loss – but no bonuses
The telecommunications group has published its annual report for the 2023 financial year, including the remuneration report detailing executive pay.
07/25/2023
Over 800 businesses in South Africa have closed their doors since the start of 2023
This takes the total number of liquidations in South Africa since the start of the year to 802, adding to the 151 businesses that were liquidated in May.
07/24/2023
Central bank takes Sh43bn from July’s bond tap sale
CBK had targeted to raise Sh60 billion from July’s auctions and has therefore surpassed its target for the first month of the fiscal cycle by 36.7 percent.
07/21/2023
General insurers’ profit rises four times
Underwriting loss in the review period quadrupled to Sh2 billion from Sh510.2 million as claims from commercial vehicles and hospital bills rose sharply.
07/21/2023
Kazeem lauds Wigwe over Access Bank Educational initiative in North
“This initiative is worth emulating by well meaning Nigerians . “
07/21/2023
Investors gain as NGX rebounds by 0.27%
A total of 1.36 billion shares valued at N18.07 billion were exchanged in 7,179 deals.
07/19/2023
Insurance companies express commitment to claims settlement
The publicity committee on Tuesday unveiled commercial materials meant to sensitise members of the public to the new third-party motor insurance coverage.