10/12/2020
Feared Shabab Exploit Somali Banking and Invest in Real Estate, U.N. Says
Despite sanctions, Shabab militants have found ways to extort, move and invest money using Somalia’s banking system, a United Nations panel says.
Alternative Investments
10/12/2020
Turkey, Africa seek stronger post-pandemic partnership
With strong collaborations over the last decade, Turkey and African countries have used the last week’s business forum to weigh in on ways to overcome the impediments to the bilateral ties due to the pandemic
10/12/2020
IMF Projects $345 Billion Financing Gap for African States
Despite sizeable domestic adjustments, African states still need $1.2 trillion in financing through 2023.
10/12/2020
Braving the challenges of foreign private equity investment in Nigeria
Foreign private equity funds normally have an average span of between five and ten years.
10/12/2020
State Street and SimCorp Announce Intended Business Partnership, with Front-to-Back Investment Outsourcing Solution for EMEA Insurers
Strategic Business Partnership Demonstrates State Street and SimCorp’s Commitment to Insurance Clients in EMEA, with a Complete Front-to-Back Outsourcing Solution through the State Street
10/12/2020
Top 10 Finalists of “Africa’s Business Heroes” Grand Finale Announced
Confirmed finale judges include Jack Ma, Ibukun Awosika, Strive Masiyiwa and Joe Tsai
10/12/2020
This South African bank is offering special incentives to keep its top managers
Senior managers weren’t granted salary increases and cash bonuses for the financial year through June in line with guidance from South Africa’s central bank for lenders to conserve cash due to the uncertainty surrounding the virus.
10/12/2020
Old Mutual Property turns to small businesses to take up mall space
Joint venture to launch first EGG store in Cape Town, which will be the most technologically advanced store in SA
10/09/2020
Coca-Cola, Absa Bank ink SMEs credit score deal
Opening transactional financial data redefines engagement rules between lenders and the family-owned SMEs.
10/09/2020
Nigeria’s investment under pressure ― NIPC boss
Sadiku reiterated that in spite of the contractions in the country’s Gross Domestic Product (GDP), some sectors of the economy had made significant improvement.
10/08/2020
Retail investors raise domestic debt stake
At the beginning of the year, they accounted for 4.23 percent or Sh124.3 billion, out of the total debt which stood at Sh2.94 trillion at the time.
10/08/2020
Businesses are having to make hard decisions
South Africa is incredibly lucky with the ability for entrepreneurs to access a market: Marc Rosen from Investec.
10/08/2020
Zimbabwe: Bleak Economic Prospects As TSP Comes to an End
The country has remained in isolation and international creditors and investors have not been forthcoming.
10/08/2020
Renewables are Africa’s Path for a Green Recovery
Promising emerging solutions and policy progress, aiming at leveraging the power of renewables to enable decarbonisation of industry and transport, have been showcased.
10/07/2020
Kenyans pay Sh35bn for non-existent insurance
Unremitted premiums have piled up over the years from Sh26 billion.
10/07/2020
Nigeria: Funding the Sustainable Development Goals
The Global Principles for Responsible Banking was created to direct financial institutions’ to growth and development.
10/07/2020
How fund managers find ‘innovation’ in uninspiring areas
With the race to find revolutionary stocks hotter than ever, what unlikely stocks or sectors have investors looked into?
10/07/2020
Emigration, corruption, SEOs: don’t fall for scaremongering when investing
Keep a cool head in the current political and investment climate
10/07/2020
Africa losing $89 billion each year due to illicit financial flows, according to UNCTAD report
In a recent from the United Nations Conference on Trade and Development (UNCTAD), it can be observed that Africa has lost nearly $89 billion on an annual basis, in illicit financial flows - which include tax evasion, theft, and diversion of public funds.
10/05/2020
Proparco backs Kenyan bank with $100m
Proparco, a French Development Finance Institution, has granted $100m loan to Equity Group Holdings, which will allow the Kenyan bank to grow and continue its support to the private sector.