10/23/2023
Sub-Saharan Africa M&A to rise over the next two years
A total of 297 deals were announced in the region last year, valued at $19.2bln, according to a KPMG survey
Alternative Investments
10/20/2023
Apex closes South African deal
Peter Hughes, founder and chief executive officer of the Apex Group, said: “We are pleased to welcome the BCI and BIP businesses and clients to Apex Group in South Africa.
10/19/2023
Trouble for South Africans earning under R25,000 a month
Many households with limited disposable income struggle to stay afloat in this tumultuous period.
10/19/2023
Egypt issues Africa’s first Sustainable Panda Bond worth 3.5 billion RMB
Egypt’s Sovereign Sustainable Financing Framework aligns with the African Development Bank Group’s country strategy for Egypt as well as its High-5 operational priorities.
10/19/2023
NGX rebounds with N158bn gain for investors
Market breadth which measures investors’ sentiments, was positive at 1.23x
10/18/2023
One way the government can keep inflation low and grow the economy
South African government bond yields have climbed above 12% in recent months
10/17/2023
Apex Group South Africa stake acquired by BBBEE consortium
Since 2007, Ditikeni has been the Apex Group’s BBBEE partner in South Africa, holding a stake in Apex’s South African business.
10/17/2023
Where to next for interest rates in South Africa
Core inflation also increased marginally from 4.7% in July to 4.8% in August but was still off the high of 5.3% in April.
10/17/2023
Debt repayment eats up 67.5pc of taxes in first quarter
Debt obligations are fast-rising this financial year ending June 2024
10/16/2023
Africa’s exports to rise nearly $1trln by 2035 - Standard Chartered
The African Continental Free Trade Area has potential to further boost exports by around 29 per cent
10/16/2023
Warning over petrol prices, inflation and interest rates in South Africa
Economists have warned that with the Israel-Hamas conflict dominating headlines over the past week, markets have again moved into high risk and uncertainty, pushing oil prices higher.
10/13/2023
Experts speak on energy transaction costs in Africa
Financing costs can be at least two- to three- times higher than in Europe and North America.
10/13/2023
Total exports from Nigeria, others to hit $952 billion by 2035
It further stated that the East Africa-South Asia corridor is expected to emerge as the fastest growing major corridor at 7.1 per cent per year through to 2035.
10/10/2023
Major US threat to South Africa’s economy
In July, Mhalanga said US yield curves could be helpful for tracking US recessions.
10/10/2023
Kenya’s financial markets ranking falls in Africa
Kenya’s forex concerns began to simmer early last year when importers including manufacturers reported constrained dollar access as commercial banks limited supply.
10/09/2023
Robust growth in the insurance sector
This represents an increase of 49% q/q (77% y/y) respectively.
10/09/2023
Big pension problem for South African expats
Before introduction, individuals who ended their tax residency and confirmed their emigration with the South African Reserve Bank (SARB) could immediately remove their retirement funds from South Africa.
10/09/2023
Pension fund assets up Sh127bn on NSSF new rates
The growth in overall assets under management this year is in contrast with the 2.1 percent contraction (to Sh1.515 trillion) seen in the first half of 2022
10/06/2023
IFC and SA developers explore Edge-certified green housing projects in Johannesburg
About 70% of new-building in South Africa is in the residential sector and 85% of all Edge certifications are residential
10/06/2023
Africa will earn over $70bn from internal trading – AfCFTA
Africa still produces what it does not consume and consumes what it does not produce.