10/17/2023
Debt repayment eats up 67.5pc of taxes in first quarter
Debt obligations are fast-rising this financial year ending June 2024
Alternative Investments
10/16/2023
Africa’s exports to rise nearly $1trln by 2035 - Standard Chartered
The African Continental Free Trade Area has potential to further boost exports by around 29 per cent
10/16/2023
Warning over petrol prices, inflation and interest rates in South Africa
Economists have warned that with the Israel-Hamas conflict dominating headlines over the past week, markets have again moved into high risk and uncertainty, pushing oil prices higher.
10/13/2023
Experts speak on energy transaction costs in Africa
Financing costs can be at least two- to three- times higher than in Europe and North America.
10/13/2023
Total exports from Nigeria, others to hit $952 billion by 2035
It further stated that the East Africa-South Asia corridor is expected to emerge as the fastest growing major corridor at 7.1 per cent per year through to 2035.
10/10/2023
Major US threat to South Africa’s economy
In July, Mhalanga said US yield curves could be helpful for tracking US recessions.
10/10/2023
Kenya’s financial markets ranking falls in Africa
Kenya’s forex concerns began to simmer early last year when importers including manufacturers reported constrained dollar access as commercial banks limited supply.
10/09/2023
Robust growth in the insurance sector
This represents an increase of 49% q/q (77% y/y) respectively.
10/09/2023
Big pension problem for South African expats
Before introduction, individuals who ended their tax residency and confirmed their emigration with the South African Reserve Bank (SARB) could immediately remove their retirement funds from South Africa.
10/09/2023
Pension fund assets up Sh127bn on NSSF new rates
The growth in overall assets under management this year is in contrast with the 2.1 percent contraction (to Sh1.515 trillion) seen in the first half of 2022
10/06/2023
IFC and SA developers explore Edge-certified green housing projects in Johannesburg
About 70% of new-building in South Africa is in the residential sector and 85% of all Edge certifications are residential
10/06/2023
Africa will earn over $70bn from internal trading – AfCFTA
Africa still produces what it does not consume and consumes what it does not produce.
10/06/2023
Alarm bells over one of South Africa’s most important sectors
“However, strong balance sheets have enabled miners to increase investment into operations and pay dividends.”
10/06/2023
New Eskom CEO to be named ‘shortly’
Africa’s most industrialised nation has been struggling in its bid to revive the two-state monopolies.
10/05/2023
Treasury returns to short-term bond to raise Sh35bn
The Treasury has almost exclusively relied on four short-term bonds to meet its domestic borrowing targets, raising in excess of Sh222 billion since May.
10/04/2023
Jaiz Takaful Insurance Disburses N152m Underwriting Profit to Participants
Chairman, Jaiz Takaful Insurance Limited, Hajiya Zainab Abdurrahman, described the distribution of surplus as a remarkable milestone in the company’s journey.
10/04/2023
BII, Access Bank to Extend $60m Trade Finance Facility in Africa
This strategic collaboration not only strengthens our import and export capabilities but also expands our resources to support local industries
10/03/2023
Banks abandon loan price comparison tool
It provides information on interest rates and charges relating to loan products offered by commercial banks and microfinance banks including personal secured loans, unsecured loans and mortgage loans.
10/02/2023
UBA: Leadership in profitability, global diversification
Similarly, the banking group achieved a 437.8 per cent jump in profit after tax (PAT) of N378.24 billion, from N70.34 billion recorded in H1’22.
10/02/2023
AIICO Insurance Laments Low Insurance Penetration in Nigeria
He said accessibility was also a challenge adding that the requirements for obtaining insurance policies were too many and challenging.