12/29/2022
Nigeria’s debt burden continues its unrelenting surge
The Senate has already rejected initial plans by the leadership of the upper house to stream roll this request.
Alternative Investments
12/28/2022
Tongaat Hulett gets IDC cash injection ahead of business rescue plan deadline
The post commencement finance will allow the sugar giant to continue paying employees, growers and other suppliers whose livelihoods depend on it
12/27/2022
Ugandan banks’ mixed fortunes on low economy growth, inflation
Also, prolonged school closures and suspension of large gatherings suffocated many private schools and hotels, leading to closure and bankruptcy.
12/23/2022
Rand Merchant Bank Quotes N2.36bn CP on FMDQ Exchange
Rand Merchant Bank Nigeria Limited (Rand Merchant Bank) is a corporate and investment banking firm, which provides innovative advisory services on infrastructure projects, mergers and acquisitions, as well as the funding of various transactions across mul
12/22/2022
Kenya plans to raise $900mln to boost forex reserves, support budget
Growth projected to converge to about 5.5% over medium term, says IMF report
12/22/2022
Top performing shares in South Africa this year
Banks have managed to navigate global financial uncertainty within the sector when compared to other companies, said DailyInvestor.
12/21/2022
Kenya’s trade deficit widens to $11.3bln in first 10 months of 2022
Prices of essential commodities surge due to global supply chain disruptions
12/21/2022
PenCom: Making Workers Home Ownership Dream a Reality
This points to the fact that federal government through PenCom is really serious about making Nigerian workers solve their home ownership problem through mortgage financing of the housing deals, using their pension contributions.
12/20/2022
Ecobank, AMA announce 2022 Africa Financial Journalist Awards winners
In August 2022 over 400 journalists from 30 African countries were selected to participate in the Programme.
12/20/2022
More consumer pain as the shilling hits new historic low
Main imports into the country include petroleum products, machinery, medicine, vegetable oil, pharmaceuticals, cars, wheat and clothing.
12/20/2022
IMF agrees to lend Kenya $447 million for budgetary support
The IMF noted that Kenya’s economy remains stable and projects it to grow by 5.3 per cent this year despite a challenging global environment but warned that climate-related risks are elevated in the medium-term.
12/20/2022
Tier-1 banking stocks lift equity market by N53bn
Market breadth closed negative as nine stocks advanced, while eight others declined.
12/19/2022
FG Raised N3.06trn from Bond Market in 2022, Records 53.2% Oversubscription
The debt office eventually allocated N1.84trillion to investors despite mixed interest rates.
12/19/2022
Sterling Bank Launches MBN, to showcase Best of Nigeria at Maiden Fair
Abubakar said the two-day event is the perfect avenue for Nigerian businesses to showcase and promote their products on a global scale
12/16/2022
Old Mutual Unveils Investment Product For Pensioners
Other benefits include enhancing investment returns by increasing investment performance within acceptable risk tolerance levels, reducing the volatility of portfolio returns and enhancing diversification by lowering concentration risk and returns correla
12/16/2022
Pan-African early-stage firm Ventures Platform closes fund, hits $46M
The majority of these investments were made at the pre-seed and seed stages.
12/15/2022
South African business environment deteriorates
While the increase in corporate savings is largely due to changes in seasonally adjusted operating surpluses and tax payments, it comes as rolling blackouts occurred for almost half of the time in the third quarter.
12/15/2022
EG Capital Announces Successful Anchor Closing of its maiden fund, the EG-Economic Empowerment Fund LP
EG Capital's management team made the announcement on 14th December 2022
12/14/2022
South Africa’s biggest industry is in a downward spiral
Mineral sales grew by 0.5% YoY in October, slower than 21% in September.
12/13/2022
Equinix to Invest $160 Million in South Africa Data Center Entry
Deal forms part of US data center firm’s Africa expansion push