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Alternative Investments

11/23/2021

How Seven Banks’ Q3 Profit Surpassed GDP Growth Rate

The banks that announced their unaudited results for the nine months period ended 30 September 2021 grew PBT to N495.772 billion from N431.347 billion recorded in the corresponding period of 2020.

11/22/2021

EIB provides EUR 5 billion investment as 80% of African banks consider climate risk

EIB made this known in its The Finance in Africa 2021 report, which was unveiled at the weekend, during a webinar.

11/22/2021

Fresh scrambles for FBN Holdings’ shares

FBNH lead with 30% trades

11/19/2021

Burundi: African Development Bank grants $ 29 million to finance a national energy access project

The agreement was sealed during an official meeting between the Managing Director of the African Development Bank Group for East Africa, Ms. Nnenna Nwabufo, and the Burundian Minister of Finance, Budget and from Economic Planning, Mr. Domitien Ndihokubway

11/19/2021

Government pension fund freezes R70 billion mandate with PIC

The GEPF has more than R1.61 trillion in funds, with most of those managed by the PIC. The biggest asset class invested in is listed equities.

11/19/2021

The GEPF can now invest 15% of its assets offshore, but there's no rush

"The revised allocation for offshore investments has moved from a maximum of 10% of the total [assets under management] to up to 15%," said Mabena.

11/18/2021

IFC Partners with Absa Bank to Boost Trade Finance in Sub-Saharan Africa

Under the GTLP risk-sharing model, IFC will guarantee a pool of eligible trade transactions issued by Absa Bank by up to 50 percent, with the remaining amount being guaranteed by Absa Bank.

11/18/2021

It is a Matter of Time Before I take Over the GTBank’

Chukwuma added that the bank is wasting time change its name because he would return the bank to its original name when he would took over its management.

11/18/2021

Senegal’s Fonsis is ready to build on its development fund origins

Fonsis is an interesting sovereign wealth fund, operating a fund-of-funds model to help the country’s SME development while generating an industry around the management of private capital.

11/17/2021

IFC Partners with Absa Bank to Boost Trade Finance in Sub-Saharan Africa

The financing will support Absa's commitment to increase the accessibility of trade finance, with around 80 percent of financing expected to go to low income and fragile countries.

11/17/2021

Tanzanian economy grew at 4.7% in H1 2021 - central bank

In mainland Tanzania, growth in the second quarter of 2021 was 4.3%, compared to 4.0% in the second quarter of 2020.

11/16/2021

Qatar and Rwanda Establish US$250M Pan-African Social-Economic Transformation Fund

The Fund’s Head Office will be based in Kigali and domiciled in the Kigali International Financial Centre (KIFC), which offers a safe

11/14/2021

Zimbabwe on course to set one of Africa’s biggest banks

An investigation into the project already taking shape shows that the new institution – which will have a footprint on local and regional markets – will involve serious financial engineering and megabucks.

11/12/2021

Mozambique’s PMI Business Activity Index Rises to Four Month High – Standard Bank

“The October PMI™ survey data indicated a strengthening of business conditions across the Mozambican economy,” the bank’s analysis reads.

11/09/2021

Fidelity, Visa and Kingsway back South African fintech JUMO in $120M round

The fintech, which refers to itself as a banking-as-a-service platform, says it uses AI to power financial services

11/09/2021

British Banks are Leaving Africa. What Does That Mean for the Banking Sector?

Africa is a large and underexploited market.

11/08/2021

‘Why operators should manage 75% of retirees’ pension balance’

This is misleading and a great disservice to the retirees. The investment environment is dynamic, highly unpredictable, except the skills acquired over time in funds management.

11/08/2021

Investors urge SA to accelerate structural reforms

JSE-led virtual conference sees keen interest in Eskom’s unbundling and SA’s fifth bid window for independent power producers

11/08/2021

Global Islamic finance assets to rise by $3.69tr in 2024

Expatiating, the Muslim Finance Coach observed that in the even Nigeria has reaped bountifully from the benefits of Islamic finance.

11/05/2021

A key change means interest rate hikes are coming for South Africa, say economists

We view higher inflation as persisting into Q1 2022.

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