02/24/2022
Nigeria’s TradeDepot acquires Accra-based Green Lion to accelerate expansion across Ghana
The company, which raised a US$110 million Series B funding round in December
Alternative Investments
02/24/2022
Investec plans to double clients in four years, outpacing growth of SA economy
That’s helped its shares become the best performing bank stock - with a market value exceeding $1 billion - in Africa and the Middle East in the past year.
02/23/2022
African private equity: compelling opportunities while many foreign investors remain on the sidelines
Explanations cited by major institutional investors as to their continuing reluctance to invest in African PE essentially boil down to three factors
02/23/2022
Budget 2022 | 'We've got hope': Godongwana uses R180bn tax bonanza to boost public finances
The effect will be that SA will be able to consolidate its rising debt burden sooner and at a lower level than anticipated a year ago.
02/23/2022
FirstBank, CDC/BII to Support Women, SMEs With $100m Credit Facility
Enabling financial inclusion for SMEs has been a strategic priority for FirstBank over the last 128 years.
02/22/2022
Estate Planning And Wealth Management In Nigeria: The Battle Of Wills, Gifts And Trust
Estate planning is the process of deciding how the assets of a person can be managed
02/22/2022
Kagiso Asset Management changes its name as staff and management take control of the business
The business is now 30% owned by black women via Sinayo Capital.
02/22/2022
CDC backs Nigeria’s female entrepreneurs
The partnership will also allow for the creation of a technical assistance programme which will offer training and education to female-led businesses.
02/22/2022
SoftBank Invests in African Lending Analytics Startup Credrails
Credrails has other backers besides SoftBank — Unicorn Growth Capital and Samos Investments Advisory are among them, and both took an equity stake in the company.
02/22/2022
Turn your money into more with SA’s best investment rate
That first day of university, a newly renovated home, your wedding — memories that will forever bring a smile to your face can be made with the right investment.
02/21/2022
Buoyed by CBN Financial Inclusion Policies, Financial, Insurance Subsectors’ Annual Growth Rate Reached 10.07% in Q4 2021
Finance experts attributed the growth in financial and insurance subsector to numerous policies by the federal government-driven by Central Bank of Nigeria, Nigeria Deposit Insurance Corporation, among other stakeholders.
02/21/2022
Interest rates, inflation and debt – SA is facing the worst of all worlds, IMF warns
With so few tools at its disposal, it will be imperative to cut government spending and accelerate reforms that can help the economy function better.
02/17/2022
African Development Fund approves $4.3mln grant to Somalia for statistics development
The Statistics Development Support Project for Somalia will entail providing technical assistance and training staff in the Somalia National Bureau of Statistics and the Statistics Departments of Hirshabelle, Galmudug and Jubaland States of Somalia
02/16/2022
Stanbic IBTC Completes 2021 Infrastructure Fund Distribution to Unit Holders
The Infrastructure Fund specifically targets projects with positive social and economic impact whilst delivering sustainable and competitive returns to its investors.
02/16/2022
Firm Storm Lagos Markets with Affordable Insurance Packages
The insurance plan helps to provide funds whenever goods get damaged following occurrence of burglary, theft or fire.
02/15/2022
Global investors to increase stake in Africa
A further 36% of global investors are planning to enter African markets, either through planned market entries or account activation in the region.
02/15/2022
Standard Bank Ranked As Africa’s Most Valuable Banking Brand
Every year, Brand Finance puts 5 000 of the biggest brands to the test and publishes nearly 100 reports, ranking brands across different sectors and countries.
02/15/2022
Old Mutual Unit Hires Goldman to Advise on Lekela Power Bid
Wide range of buyers include Chinese and Middle East entities
02/15/2022
Kenya Banks On Dubai Expo To Re-Establish Presence In UAE
By the close of last year, Kenya recorded close to 11,000 tourists from the Middle East, an increase from previous years.
02/14/2022
The rand is no longer following the rules: analysts
The rand is sometimes referred to in currency market circles as “the rattler,” because of its habit of snapping back hard in the opposite direction to a big move.