07/17/2020
Stima Sacco shelves bond plan after tie-up with mortgage firm
Stima Sacco first announced the bond plan in 2016, but did not give timelines for the issue after indicating it was seeking regulatory approvals.
Alternative Investments
07/17/2020
South Africa's foreign direct investment inflows rise to $1.7 bln in Q1
At the same time, portfolio investments, reflecting a record of buying and selling of securities such as bonds and shares, showed a sharp outflow, of 97.6 billion rand in the first quarter compared to inflows of 9.3 billion rand in fourth quarter of 2019.
07/16/2020
Strong players vie for 2020 African Banker Awards
The Deals of the Year categories always give a good insight in terms of what is happening on the debt and equity front
07/16/2020
Kenya’s rating cut signals expensive foreign loans
A rating downgrade is significant because it may influence a country’s cost of borrowing in the international financial markets.
07/16/2020
Nigeria: Investors Lose N44.9 Billion On Equities
Performance across sectors under our coverage was bullish as three of six indices advanced, one lost, while oil and gas and AFR-ICT indices remained unchanged.
07/16/2020
Zambia: Zanaco to enter micro-finance as part of digital push, says CEO
Microfinance borrowers from Zanaco will also be able to have a savings account, he said.
07/15/2020
Bonds turnover down as investors go for safe assets
The decline in secondary bond turnover can be attributed to investors’ preference to hold safe assets at the moment due to the uncertainty in the market affecting the performance of riskier asset classes
07/15/2020
CITITRUST Holdings Plc emerges investment holding company of the year 2019.
According to the award citation, the Awards Review Committee was impressed by its strategic vision, disciplined execution and solid competitive positions of its investee companies and subsidiaries. Receiving the award on behalf of the company.
07/15/2020
Laying down the foundation for pensions to fund infrastructure spend
These talks were on the back of an ANC proposal, which leaked in mid-May, to amend Regulation 28 of the Pension funds Act to allow for greater investment in public infrastructure spending.
07/14/2020
Shelter Afrique now eyes bond market as loss falls
It also listed a Sh5 billion five-year medium-term unsecured note on the Nairobi Securities Exchange (NSE) in 2013, maturing in September 2018.
07/14/2020
Shilling dips, NSE sheds Sh110bn after economy reopening
The pandemic has battered the economy and delivered mass jobs cuts with the Treasury projecting growth to slow to 2.5 percent this year from 5.4 percent last year.
07/13/2020
Cititrust Holdings Plc Wins Global Finance Award
Cititrust Holdings Plc is designated winner of the ‘Decade of Excellence Investment Holding Company Africa 2020’ category.
07/13/2020
Equity Group eyes Sh50bn long-term debt in three years
Equity’s Sh22.89 billion loan or about 40 per cent of its current borrowings will mature by March 2023, the information in its latest annual report shows.
07/13/2020
Global Credit affirms Kenya Re’s stable outlook on strong capital, liquidity
The agency said the international scale financial strength rating was lowered to reflect higher operating risk in jurisdictions where gross premiums are derived.
07/13/2020
Stima Sacco restructures Sh450m customer loans
Banks had restructured loans worth Sh679.6 billion or 23.4 per cent of the total loan book by the end of May.
07/12/2020
Older South Africans are taking their wealth and pensions offshore
Pension taking Offshores by the Old South African
07/10/2020
EAC partner states urged to open air transport services
“Opening of regional aviation sector will stimulate economic activities not only in the sector but to also in the tourism sector which has been hard hit by the COVID-19 pandemic.”
07/10/2020
How to save on insurance - getting it right the first time
In short, as with previous OSTI reports, the 2019 numbers confirm that motor
07/09/2020
Stock market rises further, investors gain N94bnc
The premium subsector was the most active (measured by turnover volume), with 96.97 million shares traded by investors in 1,231 deals.
07/09/2020
‘Protect Local Investments And Strengthen Intra-African Trade’
The forum had a diversity of presentations by various economists and was attended by senior government officials and scholars virtually, who discussed policy options to boost economic recovery after months of lockdown caused by the COVID-19 pandemic.