08/29/2018
UK launches ambition to generate billions more investment in Africa to trigger transformational growth
The City of London manages over £8 trillion of assets but at the moment only around 1% of those assets are invested in Africa
Alternative Investments
08/29/2018
South African Banks Weigh New Fund to Boost Black Farm Ownership
Lenders see land reform as critical to economic stability
08/29/2018
Singapore firms inked deals for projects in Africa
The Singapore Cooperation Enterprise and the Mozambique Investment and Export Promotion Agency signed a memorandum of understanding to head the exchange of consultancy, advisory and training services for master urban planning and Special Economic Zones an
08/28/2018
South African expats get access to international living annuity
New product limits SA exposure for South Africans living abroad.
08/28/2018
African Development Bank, Nordic Development Fund and Partners Launch Off-Grid Energy Access Fund With Us$58 Million
The initiative was presented to representatives of five African countries - Côte d'Ivoire, Ethiopia, Egypt, Nigeria and Zambia - as well as leaders from the private sector and development partner communities.
08/28/2018
AfDB, Namibia sign $217.8m loan to boost economic governance
The signing follows Board approval of the second year programme and budget for the fiscal year 2018/19, at a meeting on 18 July 2018, the Bank said in a statement.
08/21/2018
Diamond Bank Lifts 5000 SMEs with N20bn loan
“Another area that we help our customers is that we have clinics, and I think we have been able to have about 6000 of our customers take part in those clinics"
08/16/2018
UN agency to work with Ant Financial to promote financial inclusion in Africa
On Friday 3 August 2018, ECA Executive Secretary, Vera Songwe, led Ant Financial’s CEO, Eric Jing, and IFC’s VP and Treasurer, Jingdong Hua, to a meeting with President Mulatu Teshome of Ethiopia.
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.
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