12/08/2014

African insurers in vogue as incomes rise

A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home.

12/08/2014

New coins to help ease Zimbabwe cash crunch

The country now uses the US dollar, British pound, South African rand, Botswana pula, Japanese yen, Chinese yuan, Indian rupee and the euro, among other currencies.

12/03/2014

SEC to Develop $3.9trn Bond Market in 30 Years

As part of its efforts to help Nigeria meet her infrastructure deficit estimated at $3.9 trillion, the Security and Exchange Commission has said it wants to develop the Nigerian bond market to reach that height over the next 30 years.

12/03/2014

Alexander Forbes set for African expansion

SA’s largest retirement fund administrator, Alexander Forbes, is looking for low-value acquisitions in the rest of Africa and has tasked one of its senior staff with looking for "nonorganic" growth opportunities on the continent.

11/28/2014

New London Reinsurer Sets Sights on Africa

One Re Ltd., the first reinsurer approved under Britain’s “twin peaks” system of financial regulation, said it’s seeking clients across 38 African countries in the next year as growth outpaces developed regions.

11/27/2014

BOAD launches bond loan issue of FCFA 40 billion

As part of the implementation of its annual bond issue programme, the West African Development Bank is launching a bond loan issue of XOF 40 billion through a public offering from 1 to 19 December 2014.