03/24/2022
Why we need specialist problem-solvers in banking
Absa is investing in a highly competent team of problem solvers, writes Anthony Evens of Special Asset Management at Absa CIB.
Alternative Investments
03/24/2022
Investec Group maintains strong balance sheet for new opportunities
A market analyst had questioned why the group was not releasing its higher credit provisions, given the good results indicated in the trading statement.
03/23/2022
SARB to list African Bank shares publicly
The SARB invited interested investors, both local and international, to submit expressions of interest for the acquisition of the SARB’s shareholding.
03/22/2022
Gemfields to Swing to Net Profit for 2021
This compares with a loss a share of $0.07 for 2020.
03/22/2022
African neobank 4G Capital completes Series C round
The company will also expand its Kuza retail finance service, which allows distributors to provide stock to retailers using 4G Capital’s credit rather than traditional cash on delivery.
03/21/2022
East African countries in $8b investment plan
“This is all part of improving the regional integration, and also accelerating the Africa Free Trade Area. It is going to drive down the cost of moving things,”
03/21/2022
Prudential Financial to Acquire Strategic Minority Interest in Alexander Forbes
The transaction is subject to regulatory approvals and other customary closing conditions.
03/21/2022
Prudential, LeapFrog to acquire minority stake in Alexander Forbes
“This transaction underscores Prudential’s continued focus on Africa as a strategically important growth market"
03/18/2022
Business Insider announces the launch of its inaugural Business Insider Africa Awards
The event comes on the heels of Business Insider Africa’s burgeoning editorial journey as the leading premium pan-African business publication covering everything from the latest news and insights about thriving and emerging markets in Africa
03/18/2022
Kenyan lender I&M eyes expansion into Ethiopia, Zambia and DRC
Lenders in East Africa's biggest economy are scrambling to cover new markets, in order to help clients trade across the region more effectively and spur their own growth
03/18/2022
Custodian Investment Reports 14% Revenue Growth, Declares N0.50 Kobo Dividend
The report showed that major business segments posted appreciable revenue and profit growths despite the challenging operating environment.
03/17/2022
Standard Chartered launches new banking proposition to support women businesses
The business proposition will further include free business training, seminars and networking events
03/17/2022
Kenya Receives a $750 Million Boost to Support Economic Transformation Post-Pandemic
The DPO also supports Kenya's capacity to handle future pandemics through the establishment of the Kenya National Public Health Institute
03/16/2022
Mauritius opens representative office at Dubai Chambers headquarters
MoU signed during visit of Mauritian President His Excellency Prithvirajsing Roopun GCSK, who officially opened the Economic Development Board (EDB) Mauritius representative office
03/16/2022
New Bright Africa research points to strong private equity growth, powered by Mauritius
RisCura’s New Bright Africa Research shows the key shifts and trends that continue to shape the strong private equity growth in the continent, with Mauritius expertly facilitating investment flows
03/16/2022
Ecobank to Pay Shareholders $40m as Dividend for 2021 FY
The Board also recommended the payment of a dividend of USD0.16 cents per share being a total amount of circa USD40 million.
03/15/2022
Absa sees massive leap in full-year profit
‘The decisions we made in 2020 to build significant provisions for bad debts proved to be the right ones. So in 2021 our bad-debt provisions were quite modest’: interim CEO Jason Quinn.
03/14/2022
Insurance industry: What does 2022 hold?
Risks are becoming increasingly complicated to manage.
03/11/2022
Futuregrowth almost half black-owned after Old Mutual sale
AWCA bought the 21.2% stake in Futuregrowth for an unspecified amount, the fund manager, which oversees R193 billion, said in a statement.
03/11/2022
South African Investors Face Quandary Over Offshore Exposure
Money managers have previously jumped at opportunities to increase their offshore exposure.