09/29/2023
Hard times for South Africans as disposable income shrinks
Tight household finances and weaker economic prospects weighed on consumer confidence and prompted consumers to be more cautious about spending
Alternative Investments
09/29/2023
Billionaire Philip Ndegwa family expands its empire with new deals
The two buyouts are the latest in a series of deals
09/27/2023
Kenya: NCBA seeks buyout of AIG Kenya Insurance
“Insurance is increasingly becoming a basic financial need for the type of customer that NCBA serves,” said John Gachora, managing director at NCBA.
09/27/2023
Afrexim turns to oil traders for $3bln loan to Nigeria's NNPC
Traders who put up cash would be repaid in physical cargoes of oil.
09/27/2023
Nigerian unions call for indefinite strike from October 3 over cost of living
Tinubu's decision to abolish petrol subsidies followed his inauguration in late May.
09/26/2023
R1,000 invested at the start of the year – JSE Top 40 vs S&P 500
Two of the most popular indexes among South African investors are the S&P500 and the JSE Top 40.
09/26/2023
NCBA seeks buyout of AIG Kenya Insurance
“Insurance is increasingly becoming a basic financial need for the type of customer that NCBA serves,” said John Gachora, managing director at NCBA.
09/22/2023
Property developer to issue Sh3bn Sukuk bond
Islamic law prohibits interest, so Sukuk bonds offer investors a share in the returns generated by an underlying asset.
09/21/2023
Here’s how much top CEOs and executives earn in South Africa
The financial services firm provided a snapshot of the average TGP across three quartiles: lower – median – and upper – on the top 200 JSE-listed companies.
09/21/2023
Family Bank to sell 800m shares in issue
The directors will be making a decision on the offer price per share.
09/20/2023
Stanbic raises Sanlam loan cap to Sh5bn
Sanlam Kenya—made up of life and general business— cut net loss by 90 percent to Sh54.07 million
09/19/2023
Sanlam General Insurance will settle motor claims in three hours —Opadokun
He stressed that Sanlam General Insurance Nigeria is excited to announce settlement of the fastest claim in less than one hour, using the code of confidence.
09/19/2023
Assets MfB increases workers’ access to credit
“It is in line with our mission to provide accessible, reliable, and convenient financial services to individuals and businesses.”
09/19/2023
UBA Foundation Launches 2023 National Essay Competition
The first prize winner will receive an educational grant of N5 million to study at any African university of their choice
09/15/2023
South African lender FirstRand posts 11% rise in annual profit
FirstRand, the country's largest lender by market value, announced a dividend of 3.84 cents per share
09/15/2023
Union Bank Acquisition: Afreximbank Backs Titan Trust Bank With $300m
Afreximbank stated that it will continue to support the newly merged entity in trade finance
09/15/2023
Treasury leans on four short term bonds to raise Sh222bn
A three-year bond whose initial sale was in May, when it raised Sh20.3 billion, was tapped thrice before the end of June, raising another Sh56.4 billion for the exchequer.
09/15/2023
ARC Investments boosts portfolio value even as discount widens
Over the past financial year the group disposed of its remaining stake in Afrimat for R486 million as well as its Gemcap unit’s stakes in in Payprop and Humanstate, which injected R486m into the ARC Fund.
09/14/2023
Unit trusts invest bulk of funds in bank deposits
The leverage on banks' fixed deposit accounts implies that unit trusts would derive the bulk of their income, which is paid out to unit holders, from interest paid out by banks to its high-value depositors.
09/14/2023
Equity market rebounds as investors gain N338bn
A total of 569,626,853 million units of shares worth over N8.69bn were traded on the NGX in 8,404 deals.