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.
Alternative Investments
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.
10/06/2023
Alarm bells over one of South Africa’s most important sectors
“However, strong balance sheets have enabled miners to increase investment into operations and pay dividends.”
10/06/2023
New Eskom CEO to be named ‘shortly’
Africa’s most industrialised nation has been struggling in its bid to revive the two-state monopolies.
10/05/2023
Treasury returns to short-term bond to raise Sh35bn
The Treasury has almost exclusively relied on four short-term bonds to meet its domestic borrowing targets, raising in excess of Sh222 billion since May.
10/04/2023
Jaiz Takaful Insurance Disburses N152m Underwriting Profit to Participants
Chairman, Jaiz Takaful Insurance Limited, Hajiya Zainab Abdurrahman, described the distribution of surplus as a remarkable milestone in the company’s journey.
10/04/2023
BII, Access Bank to Extend $60m Trade Finance Facility in Africa
This strategic collaboration not only strengthens our import and export capabilities but also expands our resources to support local industries
10/03/2023
Banks abandon loan price comparison tool
It provides information on interest rates and charges relating to loan products offered by commercial banks and microfinance banks including personal secured loans, unsecured loans and mortgage loans.
10/02/2023
UBA: Leadership in profitability, global diversification
Similarly, the banking group achieved a 437.8 per cent jump in profit after tax (PAT) of N378.24 billion, from N70.34 billion recorded in H1’22.
10/02/2023
AIICO Insurance Laments Low Insurance Penetration in Nigeria
He said accessibility was also a challenge adding that the requirements for obtaining insurance policies were too many and challenging.
10/02/2023
Devaluation: Banks rake in N1.9trn forex profit
Tier-1 banks, including Ecobank, were disproportionately responsible for the large chunk of the profit windfall.
09/29/2023
Hard times for South Africans as disposable income shrinks
Tight household finances and weaker economic prospects weighed on consumer confidence and prompted consumers to be more cautious about spending
09/29/2023
Billionaire Philip Ndegwa family expands its empire with new deals
The two buyouts are the latest in a series of deals
09/27/2023
Kenya: NCBA seeks buyout of AIG Kenya Insurance
“Insurance is increasingly becoming a basic financial need for the type of customer that NCBA serves,” said John Gachora, managing director at NCBA.
09/27/2023
Afrexim turns to oil traders for $3bln loan to Nigeria's NNPC
Traders who put up cash would be repaid in physical cargoes of oil.
09/27/2023
Nigerian unions call for indefinite strike from October 3 over cost of living
Tinubu's decision to abolish petrol subsidies followed his inauguration in late May.