07/26/2023
It’s back to just ‘bad’ for South Africa
An upward revision follows the IMF’s April revision down to 0.1%, where the global funder anticipated that load shedding would wipe most if not all prospects of economic growth in South Africa.
Alternative Investments
07/25/2023
Sanlam Nigeria launches campaign to promote insurance inclusion
The campaign, with visuals shot in location in Nigeria, centered on the need to protect the things that mattered through insurance.
07/25/2023
Big payday for Telkom bosses after R10 billion loss – but no bonuses
The telecommunications group has published its annual report for the 2023 financial year, including the remuneration report detailing executive pay.
07/25/2023
Over 800 businesses in South Africa have closed their doors since the start of 2023
This takes the total number of liquidations in South Africa since the start of the year to 802, adding to the 151 businesses that were liquidated in May.
07/24/2023
Central bank takes Sh43bn from July’s bond tap sale
CBK had targeted to raise Sh60 billion from July’s auctions and has therefore surpassed its target for the first month of the fiscal cycle by 36.7 percent.
07/21/2023
General insurers’ profit rises four times
Underwriting loss in the review period quadrupled to Sh2 billion from Sh510.2 million as claims from commercial vehicles and hospital bills rose sharply.
07/21/2023
Kazeem lauds Wigwe over Access Bank Educational initiative in North
“This initiative is worth emulating by well meaning Nigerians . “
07/21/2023
Investors gain as NGX rebounds by 0.27%
A total of 1.36 billion shares valued at N18.07 billion were exchanged in 7,179 deals.
07/19/2023
Insurance companies express commitment to claims settlement
The publicity committee on Tuesday unveiled commercial materials meant to sensitise members of the public to the new third-party motor insurance coverage.
07/18/2023
IMF approves $1bln for Kenya
The East African country had met conditions for continued financing, the fund said
07/17/2023
Kenya mulls new sukuk, Samurai bonds to repay $2bln Eurobonds
The government plans to onboard a lead arranger by July-end
07/17/2023
These are the top-performing shares in South Africa – 6 months in
It is important for South Africans not to try and time the market, said Wayne McCurrie from FNB’s Wealth and Investments.
07/14/2023
SME Accelerator Programme Launched in Nigeria
The platform provides access to the right tools and funding for SMEs businesses.
07/14/2023
DBN raises N23bn for small-scale businesses
“Now we are raising funds, locally because if you remember, the need of that segment in the economy is huge.”
07/14/2023
Access Bank completes acquisition of Angolan’s Finibanco
This was revealed in a notice filed on the Nigerian Exchange Limited on Thursday.
07/13/2023
Safaricom managers awarded Sh302 million free shares
“The trust currently holds 11.5 million shares at a total cost of Sh416.2 million (2022: 11.5 million shares at a cost of Sh416.2 million).”
07/12/2023
FMDQ Exchange launches derivatives market
The long-awaited FMDQ ETD market, which is geared towards transforming risk to certainty, in an unprecedented move, brings about the integration of the banking sector and capital market in Nigeria.
07/12/2023
PwC says 63% of Habib Overseas Bank depositors now paid
HOB, which received an SA banking licence in 1990, was once a buyout target by individuals linked to the Gupta family
07/12/2023
Capital importation rises 6% to $1.13bn, banking sector leads
Categorization of Capital Importation by Banks shows that Citibank Nigeria Limited ranked top in Q1’23 with $424.13 million (37.45 percent).
07/12/2023
From Sukuk to Samurai bond: Kenya lays options to investors in London
“As a signal to the market, target to onboard lead arrangers by end of July 2023 to advise on the best liability management strategy and assist the republic to access the market at the opportune time,”