12/28/2020
Thinking of offshore investments to mitigate local risks?
The volatile nature of the rand can weigh heavily on investments.
Alternative Investments
12/27/2020
Deals by foreign lenders’ Kenya offices hit Sh511bn
They are barred from conducting commercial banking services unless they open a full-fledged subsidiary or branch.
12/24/2020
Establishing new relationships across Africa
The Making Finance Work for Africa Partnership initiative notes that the percentage of the adult population that made or received a digital payment in the past year rose from 8% in 2014 to 23% in 2017.
12/24/2020
Africa’s 1.2b market to go live amid uncertainty over tariffs and trading blocs
In addition, Eritrea has not signed the continental trade agreement, while 20 countries including Tanzania, Burundi and South Sudan have signed but have not ratified it.
12/23/2020
Property market improves in the second quarter of the year
It is reported that the average price for residential properties sold in the second quarter of the year increased by 5.7 percent to P857, 989.
12/22/2020
Mwinyi charm offensive for a ‘New’ Zanzibar
The president held discussions with the Zanzibar National Chamber of Commerce on December 5 to chart his economic plans for the next five years.
12/21/2020
Pension funds seek clarity on foreign currency trading
Inordinate delays in moving funds compounded difficulties in operating US-dollar policies, particularly settling claims.
12/21/2020
Eskom: PIC ponders pension fund plunder for bailout
Eskom’s bailout emerging as equity swap by biggest bondholder
12/21/2020
Who paid the price for Covid-19 lockdowns? Your pension fund, shareholders – SA listed property
Barnard says the listed property sector, which is down 33% year-to-date, has recovered 19% from its lows.
12/21/2020
Zimbabwe: First Capital Completes Migration From Barclays, Offers New Products
Guided by this endeavour the bank has partnered with RIA Money Transfer Services becoming one of a few local banks providing money transfer services at a large magnitude enabling receipt of foreign currency through a diverse branch network system.
12/21/2020
The countries where South Africans are buying offshore property
During the lockdown, Golding said there has been a significant increase in enquiries from South Africans for property offering residency in Mauritius, attributable to a number of factors.
12/18/2020
Madagascar: The African Development Bank Approves $43 Million Loan to Finance Second Phase of Power Transmission Project
The financing comprises a loan of UA 20 million ($28.6 million) from the African Development Fund (ADF), the concessional lending window of the Bank, and a loan of UA 10 million ($14.3 million) from Pillar 1 of the Transition Support Facility (TSF), the B
12/18/2020
EBRD and GCF boost green economy and value chains in Morocco
The deployed green solutions will help SMEs increase their competitiveness and access new markets.
12/17/2020
Government debt escalates to R3.7 trillion, says Reserve Bank
In October, Finance Minister Tito Mboweni warned that the stock of gross debt would rise from roughly R4 trillion this year and to R5.5 trillion in 2023/24.
12/17/2020
AfDB secures nearly US$90 mln in new funding towards sustainable energy in Africa
The Nordic Development Fund committed €10 million ($12.19 million), while the Swedish International Development Cooperation Agency put forward a promise of $8.98 million.
12/16/2020
Ghana GDP Contracts For a Second Quarter as Industry Stalls
Quarter-on-quarter GDP contracted 0.3%.
12/16/2020
ITFC launches letter of credit confirmation product
It aims to manage the risks associated with trading amid the pandemic, while also helping to facilitate trade and ensuring the steady supply of goods, states the ITFC.
12/15/2020
How the Finance Bill will affect you
The Finance Bill, when signed into law, will have varying effects on individuals, businesses and organisations in Nigeria.
12/15/2020
T-bills under target as bond sale sucks up liquidity
Investors bid were worth Sh1.55 billion on the Sh4-billion 91-day T-bill, and Sh3.01 billion and Sh5.28 billion for the 182 and 364-day offers respectively, which sought Sh10 billion each.
12/15/2020
Australia, South Africa Take On The Late Payments Fight
Five-day payment terms will be possible through Australia's new eInvoicing solution, the nation's Treasury announced recently.