11/14/2023
Africa: Investors opting for data centres, green projects
Africa has 785 green-rated buildings of which 641 are in South Africa alone
Alternative Investments
11/14/2023
CIC Group unroll $2mln payroll restructuring: Kenya
The restructuring also focuses on balance sheet re-organisation
11/13/2023
South Africa readies for a rough landing
According to Stats SA, manufacturing production plunged by 4.3% y-o-y in September, following a downwardly revised 1.5% increase in August.
11/13/2023
Africa Investment Forum secures $34.82bln in investment interests
Africa Investment Forum is a multi-stakeholder and multi-disciplinary platform
11/10/2023
FG to spend N7.76tn on salaries, others
N605bn for national defense and security is to sustain the gains made in security.
11/10/2023
Devaluation: Pension funds decline by 45% in dollar terms
In an attempt to raise investors’ confidence, the CBN this month began to clear forex backlogs in banks.
11/10/2023
Alarm bells for South Africa’s GDP
The significant decline in tax revenues compared to projections was highlighted by Finance Minister Enoch Godongwana in the Medium Term Budget Policy Statement (MTBPS).
11/10/2023
Safaricom stock jumps 6.8pc on Kenya unit profit growth
The company topped trades at the Nairobi Securities Exchange (NSE), posting a turnover of Sh230.2 million with 17.3 million shares traded.
11/09/2023
Private Equity fund Africinvest buys 10 percent shareholding in I&M Group
The buyer of a stake is a related party to the British DFI
11/09/2023
Inflation relief on the cards for South Africa – but it won’t be a smooth ride
While inflation could dip to 5.1% y/y in the December 2023 reading, it could lift again, reaching 5.6% y/y in January 2024
11/08/2023
Steady growth in pension assets
This represents a healthy increase of NGN2.9trn compared to the previous year.
11/08/2023
A higher net surplus on the financial account
This compares to a revised net surplus of USD44.0m recorded in the previous quarter.
11/07/2023
Gulf African Bank in Sh550m SME loan insurance scheme
The bank aims to scale its financing to women-owned enterprises and green businesses that are involved in renewable energy produce eco-friendly products and services or offer green services.
11/07/2023
It’s Sh40bn currency hit on SGR debt
The revised numbers contained in the Supplementary Budget tabled in the House in late October
11/06/2023
KCB Tanzania receives Sh3.2bn in EIB funding
It marked a 77 percent growth in pre-tax profit to Sh2.3 billion (Tshs39.5 billion) in the period from Sh1.3 billion (Tshs22.3 billion) previously.
11/06/2023
South Africa's Redefine reports distributable income hit by high interest rates
Redefine, with a diversified property portfolio valued at 96.8 billion rand, said group interest costs, including finance costs and income received from cross-currency and interest rate swaps, increased 34.2%.
11/03/2023
These are the top 10 companies that South Africans want to work for
The companies in each country are then ranked based on the number of monthly searches plus the keyword “careers.”
11/03/2023
South Africa is walking a tightrope: Moody’s
Moody’s rates South Africa’s long-term foreign debt with a stable outlook at a sub-investment grade Ba2, which it defines as carrying substantial credit risk with speculative characteristics.
11/03/2023
Naira gains as CBN pays banks $6.7bn forex backlog
The naira in Lagos recorded an average of 1,120/$ on Thursday, appreciating to 1,040/$ and 1,125/$ in different locations on Thursday.
11/02/2023
Equity market’s ASI reaches record high
Investors this week had brushed aside projections of mixed sentiments