08/05/2020
StanChart bonus shares begin trading
The company said it had restructured loan facilities worth more than Sh22 billion as customers whose incomes have been hurt by the coronavirus disruption applied for financial relief.
Alternative Investments
08/05/2020
NSE slides to 17-year low as stocks suffer huge losses
The market shed Sh22.3 billion in Tuesday’s trading alone to close at Sh1.96 trillion compared to Sh1.98 trillion on Monday.
08/04/2020
FDH Bank officially listed on Malawi Stock Exchange
The bank offered its shares to the public and initiated the intention to list the MSE to fulfill a contractual obligation with the Malawi Government as part of FDH Financial Holdings Limited’s acquisition of the then government wholly-owned Malawi S
08/04/2020
Nigeria's FBN Holdings injects $66 mln from insurance unit sale into First Bank
Chief Executive Officer Urum Kalu Eke said FBN Holdings sold its 65% stake in FBN Insurance to South Africa's Sanlam Emerging Markets, a minority investor in the business.
08/03/2020
Equity Recognized Among The Best Banks In The World
Equity has been recognized among the top 1000 best banks globally by the Financial Times Banker Magazine. Equity was ranked at position 754 out of 1000 global banks, a ranking that was based on an array of metrics including the size of the lender, financ
08/02/2020
Is Sub-Saharan Africa’s Capital Market in Distress?
Investment banking plays a crucial role as mediator between companies that issue securities and the individuals or entities wishing to purchase them.
07/31/2020
'Africa is a Land of Opportunity.' United Bank for Africa Chairman Tony Elumelu on Why Now Is the Time to Invest in Africa
Countries in Africa face particularly grueling obstacles as COVID-19 cases across the continent continue to surge, locusts swarms in east Africa threaten food security and the African Development Bank warns of a looming recession due to the pandemic.
07/31/2020
Virus Stalls Zimbabwe Tycoon’s Bid to Sell Liquid Telecom Stake
The telco operates in 13 countries, with data centers in Johannesburg, Cape Town and Nairobi.
07/31/2020
CDC Group increases African trade funding
“In the context of broad outflows of capital from Africa, counter-cyclical commitments from development finance institutions are critical to mitigating these pressures and maintaining trade flows,”
07/29/2020
Moza Banco CEO João Figueiredo: “Mozambique must be ready to reposition itself post Covid-19”
In 2019, The Banker magazine presented the ‘Deal of the Year for Restructuring’ award to the bank, reflecting the best financial restructuring for the year at a continental level.
07/28/2020
Old Mutual launches new modular personal cover
Not only has Old Mutual introduced a new product range, but they’ve also introduced new technology that makes doing business with them much easier, quicker, safer and more seamless all the way from quote to claim stage.
07/27/2020
South Africans look at wealth creation offshore to ease Covid-19 pain
While numerous South Africans have offshore investments, retirement structures and trusts to date, relatively few have set up formal trading entities to be able to transact overseas.
07/27/2020
FCMB Asset Management’s Dollar Fund Gets Top Ranking
Legacy USD Bond Fund is easily accessible to the investing public both in Nigeria and the diaspora.
07/24/2020
Investors offer a record Sh181bn in July bond sale
The higher than targeted amount taken up is however 16.4 percent of the government’s net domestic borrowing target of Sh494 billion for the current fiscal year, pushing it ahead of target in the early days of the borrowing calendar.
07/24/2020
EBRD and BCP support small businesses in Morocco
In Morocco, the EBRD is one of the first financial institutions to develop adequate financial and advisory instruments to alleviate the impact of the pandemic on the economy.
07/23/2020
GIPF pension adviser in clash of interests
The GIPF appointed RisCura Consulting (Namibia) as its investment adviser in 2009.
07/22/2020
SA businesses look offshore to ease Covid-19 pain
Apart from the ability to find new markets quickly and create diverse revenue streams, the immediate benefits of setting up an offshore company include ease of trade, with the ability to pay suppliers and receive funds in foreign currency without having t
07/22/2020
Brenthurst cautions young investors about investing in an RA
Many South Africans were faced with a financial dilemma when COVID-19 lockdowns hit.
07/21/2020
Africa Investment Forum: Founding Partners unveil Unified COVID-19 Response to support Africa’s private sector
15 deals in the Africa Investment Forum’s portfolio, valued at $3.79 billion earmarked to address COVID-19 impacts
07/21/2020
Kenyan firm acquires Orient Bank Uganda
Dr Twinemanzi Tumubweine, the Bank of Uganda executive director for supervision said today that he had neither received a letter from Orient bank nor I&M bank in Kenya about the transaction.