11/24/2017
Africa: AfDB to Invest U.S.$12bn in Power Sector in Africa in 4 Years - Adesina
Without electricity, you really cannot operate any effective and efficient airline industry and so this is one of the top priorities of the bank.
Alternative Investments
11/24/2017
Tanzania: Job Cuts Loom Ahead of Pension Funds Merger
These will be merged to form the Tanzania Public Service Social Security Fund (TPSSF), a behemoth with over Sh5 trillion in assets.
11/24/2017
Green bond issuance set to increase
Green bonds may inject some confidence back into the fixed-income market at the level of state-owned enterprises and municipalities.
11/22/2017
FCMB Group completes acquisition of Legacy Pension
FCMB Group’s acquisition of Legacy Pension is set to open a new vista of sustained growth for Legacy through the enhanced distribution and market presence.
11/22/2017
Sanlam acquires Uganda’s Lion Assurance Company
In a move to expand its visibility in east Africa, Sanlam Emerging Markets (SEM) has acquired Uganda’s Lion Assurance Company for a purchase price of $6.5m.
11/21/2017
Africa’s largest mezzanine fund manager provides $12.5 million of funding to Purple Capital
Purple Capital was advised by Bloomfield Law Practice, a 'practical and hands-on' Nigerian law firm with expertise in corporate commercial, private equity, real estate and financing matters.
11/21/2017
Coronation take knock from pension outflows
In its retail division, Coronation said outflows slowed to R6.9bn from R18.4bn.
11/20/2017
Campaign to rebrand insurance sector kicks off Q1‘18
He noted that the National Insurance Commission (NAICOM), Nigerian Council of Registered Insurance Brokers and other trade groups have also agreed to support the project financially.
11/20/2017
Tapping telcos for mobile micro-insurance
The obvious fit was a mobile telco, but even here the initial attempt to sell life insurance via mobile foundered.
11/17/2017
Robert Mugabe's vast wealth exposed by lavish homes and decadent ways
Zimbabwe’s leader is said to have assets of £1bn – but since an EU crackdown in 2002, there has been little sign of extravagant spending outside the country
11/16/2017
Ethiopia telecoms monopoly now Africa's largest mobile operator
The operator put its success down to an expansion drive that cost them over $1.6 billion in the last few years.
11/15/2017
CEO Recounts Banks’ Role in Halting Nigeria’s Forex Crisis
He described 2017 as one of the most interesting years in the country, saying that bank CEOs were meeting with the central bank governor every weekend during the forex crisis, in order to address the situation.
11/15/2017
Sukuk has great potential, says Jaiz Bank chief
Nigeria recently issued its maiden sovereign Sukuk.
11/15/2017
SMEs are Uganda’s engine for growth
SMEs in Uganda make up over 70% of our economy and contribute above 20% of our GDP which is really sizable.
11/14/2017
Tanzanian ex-PM commends UBA for Africa Award
Dr. Salim described UBA’s commitment to the award project as exemplary and in the true spirit of African brotherhood and philanthropy.
11/10/2017
Investec Life takes flight
Specialist bank launches adaptable insurance products tailor-made for existing clients.
11/09/2017
IFC Co-Hosts Africa CEO Forum To Stimulate Private Investment
The Africa CEO Forum To Stimulate Private Investment On The African Continent
11/05/2017
Diamond in the rough: Ex-Barclays boss targets Africa
Diamond, who resigned as CEO of Barclays in 2012 in the wake of a scandal that involved traders fixing inter-bank borrowing rates in Britain
11/02/2017
Guptas inflated Oakbay price through trading by Singapore firm
The 20,000 shares that traded on the Oakbay debut set the share price at R10.08, giving the company a market value of more than R8-billion.
11/02/2017
UAE investors express interest in Uganda’s oil sector
A Uganda State House statement said Museveni told the business community in UAE that it will enjoy a number of policy incentives such as tax holidays, VAT incentives, among others.