05/02/2019
CEO Ade Ayeyemi keeps Ecobank on a cost-cutting diet
Except for the 2012 financial year, the group’s owners have only been rewarded for the capital they have contributed once in recent years: in 2015, with $69m paid.
Regulation,Tax & Compliance
05/02/2019
Departing Hodnett gets to keep Absa shares
Also paid a long service award of a rather bizarre R5 000.
05/02/2019
UN Secretary-General, AfDB Bank President to push development in Africa
Guterres signalled his strong support for the African Development Bank’s flagship ‘Desert to Power’ initiative, which is expected to provide electricity to 250 million people.
05/02/2019
New laws threaten South African banks and the economy: Nedbank CEO
“Banks have a fiduciary duty to protect the deposits of their savers and investors and cannot use their funds to extend credit if they cannot be sure the loans will be repaid.”
05/01/2019
Equity Group expansion plans to shoot value to Sh694bn
The negotiation is subject to shareholders and regulatory approvals including Central Bank, Competition Authority and Capital Market Authority.
05/01/2019
South Korea Ready For More Partnership On Africa’s Economic Growth
Some of the range of business options for investments include agriculture, green growth, smart urban transportation management, and numerous business opportunities.
05/01/2019
The World Federation of Exchanges Publishes Annual Sustainability Survey
This year’s survey also expanded the section on the United Nations Sustainable Development Goals (UN SDGs) to examine how exchanges are engaging with these targets.
05/01/2019
Nigeria Sovereign Investment Authority more than doubled profit at N46.5b in 2018
Also, total assets recorded a growth of 16 per cent to N617.7 billion at year end, showing an increase when compared to the N533.88 billion of 2017.
05/01/2019
UN Secretary General, African Development Bank President agree to strengthen ties and push development agenda in Africa
The two heads of institutions met following Adesina’s trip to the United States for the World Bank’s annual Spring meetings held in Washington DC.
04/29/2019
Kenya inks $2.23 billion projects deal with China
Also signed was the operation and maintenance service agreement for the Nairobi-Naivasha segment of the standard gauge railway (SGR).
04/29/2019
AfDB signs $50m agreement with Natixis to boost trade finance in Africa
The RPA will meet the growing demand of African markets for trade finance in key economic sectors such as agribusiness, health, services and industry.
04/29/2019
HARRY JOFFE: The benefits of an offshore endowment policy
What are some of the advantages of using an offshore endowment policy with a South African insurer?
04/29/2019
Abu Dhabi Fund To Deposit $250m Into Sudan’s Central Bank
The deposit is part of a $3 billion grant to Sudan announced by Saudi Arabia and the UAE earlier this month.
04/29/2019
Zimbabwe scrambles to resolve cash crunch
The country faces a worsening economic crisis and partial liberalisation of the foreign currency regime has not brought a respite.
04/29/2019
Credit Suisse Hit With Criminal Complaint Over Mozambique
The Swiss complaint is awkward for Credit Suisse, which has sought to downplay its ties to the oil- and gas-rich eastern African nation.
04/29/2019
Motive Labs Forms Strategic Partnership With Standard Bank
Today's deal will also help strengthen our trading relationship with Africa and will go further to fulfil the Prime Minister's promise to be the largest G7 investor in Africa by 2022.
04/29/2019
Expats fear expulsion as South Africa moves to tighten job terms
Bonang Mohale, chief executive of Business Leadership SA, an association dealing with government and labour, said the draft was "much shorter and restrictive", removing some sectors like architecture and reducing others like life and earth scie
04/29/2019
AU Commission prepares for single market launch in July
The AfCFTA brings together a continental single market, which is expected to increase intra-African trade by 52 per cent come 2022, remove tariffs on 90 per cent of goods, liberalise services and tackle other barriers to intra-African trade.
04/26/2019
KCB pays Sh10 in takeover of collapsed Imperial Bank
The regulator shut down Imperial Bank in 2015
04/26/2019
South Africa’s Biggest Labor Group May Be Prepared to Discuss Eskom Job Cuts
In June, Eskom had to implement rolling blackouts when workers protested plans for zero pay increases and in February union members picketed at the company’s headquarters over potential job cuts.