10/31/2022
Access Bank rakes in N123.9bn from foreign investments
Apart from Access Bank Guinea and South Africa, all the bank’s foreign operations reported a pre-tax profit with Ghana reporting the highest at about N31.6 billion.
Alternative Investments
10/31/2022
East Africa’s economic recovery falters on debt, fiscal deficits
The Russian invasion of Ukraine, which has increased global food and energy prices, could further slow the economic recovery, according to AfDB.
10/28/2022
Pension Funds investment in corporate securities rise 43.9% to N1.4trn
The breakdown shows that the N1.380 trillion invested in the corporate securities represented 9.59 percent of N14.39 trillion total PFAs’ assets within the eight month period.
10/28/2022
Equity market dips by N127bn
The market sentiment was positive as 11 stocks gained relative to nine losers.
10/27/2022
Africa Investment Forum: closing the technology gap promises significant gains for Africa’s creative industries
Another example illustrates how creative-sector technologies can be applied in other spheres. Mobihealth—a Nigerian subsidiary of an international telemedicine firm—is rolling out kiosks that incorporate virtual reality technology to offer pr
10/26/2022
Afrinvest targets offshore investors in new growth plan
On the rebranding expertise, Chioke, said it was discovered that the company’s current logo does not align with the new direction it is going, hence the need for rebranding.
10/26/2022
Insurer to Deepen Insurance Coverage through Innovative Exchange Program
Our conviction is that Insurance plays a critical role in the economy and must be driven via both physical and digital partnerships.
10/26/2022
Challenges affecting the development of Africa’s supply chains
Trade restrictions are highly pervasive in Africa, and moving goods across supply lines between two nearby African countries can cost an arm and a leg.
10/25/2022
African Development Bank, UK & London Market insurers enter risk transfer partnership
The Bank believes this is a cutting-edge transaction that will tremendously assist it in playing its countercyclical role as the continent emerges from the impacts of the COVID-19 pandemic
10/24/2022
Two banks lead in 53.4% financial sector’s contribution to market turnover
The oil and gas industry ranked third with a turnover of 28.2 million units worth N983.6 million in 846 deals.
10/24/2022
Diversified businesses promoting growth – UBA
The Group CEO added that the international banking conference was aimed at proffering solutions, noting that African banks were afforded the opportunity to come together, share experiences and acquire tactical strategies to address the continents’ b
10/24/2022
Nedbank Zimbabwe heads for VFEX
Nedbank is a unit of the Johannesburg Securities Exchange-listed Nedbank Group, whose footprint spans across southern Africa.
10/21/2022
African Development Bank, United Kingdom and London Market Insurers Enter New Risk Transfer Partnership for Climate Action
The participation of both the private insurance market and the UK’s FCDO brings to the table an innovative PPP-type collaboration between DFIs and the insurance market, which helps in realizing the vision of the Addis Ababa Action Agenda.
10/21/2022
DBG salutes ECOWAS Bank President for international award
A statement by the bank said the award to Dr Donkor was an acknowledgement of his numerous contributions to the socio-economic development of the sub-region.
10/21/2022
CBN, AMCON announce sale of Polaris Bank
The House of Representatives on Wednesday okayed the sale of Polaris Bank, noting that the acquisition followed laid down procedure and the relevant presidential approval.
10/20/2022
Uganda, Rwanda to beat Kenya in dollar millionaires growth
The report said Kenya remains strong in wealth creation partly due to well-developed and neutral news media outlets that form investment decisions.
10/20/2022
Fidelity Bank Redeems $400m Eurobond Notes
The transaction which was managed by Citigroup Incorporated, Renaissance Capital and Standard Bank Group Limited achieved an oversubscribed order book of $630million.
10/19/2022
Revision of Kenya’s power purchase tariff with Ethiopia possible after 5 years
Kenya Power is buying electricity at a fixed rate of 6.5 US cents per kilowatt
10/19/2022
Act to save Kenyans from high bank interest rates
The increase in the benchmark lending rate or the Central Bank Rate (CBR), was aimed at curbing a further increase in prices of goods and services or what is technically known as the inflation rate.
10/18/2022
South Africa, Nigeria among top developed financial markets in Africa: report
19 African countries have lifted their performance in 2022 despite difficult environment