08/16/2018
Moroccan insurer Wafa Assurance warns on first-half profits
The insurer is owned 50 percent by Morocco’s biggest bank Attijariwafa Bank and 50 percent by the Royal Holding SNI which rebranded last March to Al Mada.
Alternative Investments
08/15/2018
Africa Prudential profit grows by 20%
Africa Prudential is still poised to be number one in Nigeria, with an aspiration to expand into the African market, driven by technology, translating to strong operational and financial efficiency.
08/13/2018
ANC to push sovereign wealth fund
The ANC report said the SWF would enable government “to provide a steady resource for national development objectives
08/13/2018
Nordea Capital dissociates itself from failed bank CEO
Capital bank with 610m cedis from the central bank to cure its liquidity struggles allegedly mismanged the funds leading to its collapse.
08/10/2018
Atlas Mara secures new debt facility
The debt facility would have a three-year term maturing in or around July 2021, an average annualized cost of debt of approximately 10.5% and is secured by a portion of the company's indirect shareholding in Union Bank of Nigeria, Atlas Mara said.
08/09/2018
Heartwood Properties lists on the new 4 Africa Exchange
Owning assets worth about R120m, they have listed with just more than 100-million shares on the exchange at 59c per share, placing its market capitalisation at R59m.
08/08/2018
FBNQuest highlights investment opportunities for Nigerians in diaspora
A major highlight of the event was the unveiling of the NIDO-led $20 Million Diaspora Housing Investment Fund
08/07/2018
What African SWFs can learn from Asian counterparts
Their mandate is clear: to safeguard today’s wealth for future generations. But their relevance has been questioned.
08/02/2018
FMDQ records N86.39 trillion turnover in H1 2018
It was trailed by foreign exchange which accounted for N20.91 trillion of the total value
08/02/2018
Wapic Insurance underwriting profit up 112% on increased premium
Nigerian insurer’s investment across each business segment is driving strong growth in earnings
08/01/2018
Giving Contributory Pension Scheme A Fillip
Going by the excitement that greeted federal government’s opening of the window of opportunity for states to join the scheme, at least 24 states opted to dump the old Defined Benefits Scheme (DBS) in favour of the new CPS
07/31/2018
Ghana's ESLA Bond Rated Best In Europe, Middle East And Africa
Fidelity Bank was commended for their professionalism and innovation in the management of the ESLA bonds
07/27/2018
Dubai-based Badoer buys Sh100m stake in Kenyan SME lender Sumac
Sumac says it will use the funds to boost its capital as it looks to expand its loan book
07/24/2018
Chinese banks outshine other foreign banks in South Africa
Funding is important especially for companies like Aberdare’s, since it has salaries to pay and raw materials to buy.
07/19/2018
Allianz acquires Nigerian insurer
Ensure offers life and non-life insurance and generated gross premiums of €18.2m (£16.1m, $21.2m) in 2017.
07/19/2018
Egyptian investment bank acquires 100% of Nigeria’s Primera Africa
We have been consistently focusing on ramping up our services in newly-entered markets
07/18/2018
China’s investment in West Africa challenges France for business in its former colonies
Ivory Coast is the main focus, while Chinese loans and contracts also proliferate in French-speaking Senegal, Mali, Niger and Togo
07/16/2018
UAE to invest $10 billion in South Africa
President Ramaphosa arrived on Friday and was received by His Highness Shaikh Mohammad Bin Zayed Al Nahyan
07/16/2018
UK stockbroker to woo FDI to zim
Economic analysts see the growing foreign investor interest in Zimbabwe as a seal of approval of the current administration’s policies
07/13/2018
Germany issues $119m loan to support Tunisia banks
The loan agreement includes a €10 million ($11.9 million) grant which will be signed later to help implement agreed reforms.