04/05/2023
Interbank loan rates rise to 7.9pc over tight liquidity
The reduced liquidity points to difficulties ahead in the government’s borrowing plans from the domestic market for budgetary purposes.
Alternative Investments
04/05/2023
Kroll expands in South Africa
Company representatives stated that they are happy to be expanding in Johannesburg, enabling Kroll to offer a wider breadth of risk and financial advisory solutions to companies operating in South Africa and across Africa.
04/04/2023
Afreximbank Provides $10m Trade Line Facility to Parallex Bank Limited
The $10 million financing facility will be used by Parallex Bank to facilitate, through on-lending, access to cross-border trade finance for small and medium-sized enterprises (SME), and to create lines of credit for businesses operating in the agricultur
04/03/2023
This property trend is heating up among rich South Africans
The report said that over 40% of South Africa’s homes valued at over $1 million are found within Cape Town’s prime seven suburbs
04/03/2023
First Bank changes name of UK, African subsidiaries
The new identity of the subsidiaries contributes to an enhanced brand presence.
04/03/2023
Bank of Kigali raises dividends as profit hits $54m
The latest dividend is a rise from Rwf28.7 ($0.026) that was paid for each ordinary share in the previous financial year.
04/03/2023
KCB beats Safaricom in net assets
KCB entered the DRC market last year with the acquisition of an 85 percent stake in Trust Merchant Bank (TMB), in a deal that was closed in December.
03/31/2023
South Africa raises key lending rate higher than expected to 7.75%
The rate increase was larger than the 25 basis point increase expected by the majority of economists polled by Reuters
03/30/2023
Kenyattas, Equity CEO top in Sh63bn bank dividends
The Ndegwas will earn Sh876 million on their 12.52 percent ownership in the same bank, which was created following the merger of the former NIC Group and CBA Group.
03/29/2023
The businesses hardest hit by liquidations in South Africa
January this year reported 81 liquidations, the lowest number in the last six years, with January 2017 being the second lowest at 91.
03/29/2023
Equity, KCB pile pressure on Safaricom in profitability race
This follows a back-to-back profit drop by Safaricom in the year ended March 2022.
03/29/2023
Mauritian firm to spend Sh2bn in expansion of Orbit factory
Grit purchased the Orbit facility in a deal worth $53.6 million (Sh7 billion), adding to its growing portfolio of commercial real estate in the country.
03/27/2023
South Africa's grey listing hits local firms but not our ambitions to grow business links
In essence it means increased bureaucratic hurdles, firms will need to review customers connected to South Africa and apply full customer due diligence where they may have previously used a concession.
03/24/2023
UK's BII commits €20mln to Africa-focussed urban resilience fund
TURF will invest sustainable public infrastructure projects in sub-Saharan Africa
03/24/2023
2 African development banks invest $16bln in oil, gas projects
African Export-Import Bank’s oil, gas portfolio exceeds $15bln, says official
03/24/2023
How much it pays to be CEO at South Africa’s state-owned companies
While company chief executives are the top earners, they are by no means the only ones pulling in multiple million-rand salaries.
03/23/2023
Morningstar Announces Winners for 2023 Morningstar Fund Awards – South Africa
The awards recognise those funds and asset managers that have served investors well over the long-term.
03/23/2023
What to Know Before Seeking Growth Capital in Nigeria
Growth capital can be a great way to finance business expansion and development without taking on bank loans
03/23/2023
Baloobhai buys Sh181m extra stake in Co-op Bank
This led to his stake in the country’s third largest bank rising to 0.94 percent –with a current market value of Sh683.8 million— from 0.69 percent over the same period.
03/22/2023
Pension assets post muted growth amid weak markets
Last year, the stock market was hit by sustained foreign investor selling as capital flowed from smaller markets to the safety of the US due to global economic uncertainties partly caused by the Russia-Ukraine war.