12/22/2023
FG set to improve access to credit financing in Nigeria
Specific objectives of the committee include; to increase consumer credit uptake in Nigeria
Alternative Investments
12/21/2023
Investors’ biggest concerns for South Africa moving into 2024
Surveys suggest the ruling African National Congress could lose its absolute majority for the first time since coming to power almost 30 years ago, potentially forcing it to find coalition partners.
12/21/2023
Kenya Power resumes mass hiring after six-year freeze
The increase saw the utility’s staff numbers increase to 10,018 in June 2023, up from 9,655 in the previous year.
12/21/2023
MyCredit Investments Limited (“FairMoney”) Maintains Investment Grade Credit Ratings From GCR, Successfully Redeems N4.8BN to Private Note Investors
The investment grade ratings is a strong enabler of the Company’s strategy to attract funding from the Nigerian Debt Capital markets.
12/20/2023
Ghana is closing in on a deal with bilateral creditors to restructure debts – World Bank
Mr. Laporte has made this assertion on the yet-to-be-aired Business Edition of PM Express.
12/19/2023
Digital lender MyCredit secures Sh460m funding
The firm’s CEO Wangaruro Mbira said the company has disbursed 11,014 loans across the country with a total value of Sh7.9 billion over the past seven years and has 21 branches.
12/18/2023
One year T-bills rise to 16pc as investors seek better returns
The results of the weekly Treasury bills auction showed that the average rate demanded by investors on the 364-day paper stood at 16.41 percent, up from 15.79 percent the previous week.
12/18/2023
Why Kenya faces slim savings in Sh46bn early Eurobond repayment
The government announced that it will make a partial redemption of the 2024 bond by the close of this month, buying back $300 million (Sh46.1 billion) worth of the securities that were issued at an interest rate of 6.875 percent.
12/18/2023
The businesses worth R750 billion – that pay zero tax in South Africa
The largest portion of the informal economy comprises small spaza shops and superettes, which do not pay tax.
12/18/2023
Nigeria’s industry is rising to the twin challenge of decarbonisation and energy security
In most places in Africa, the development of renewable energy capacity is a very competitive solution that industrials can adopt to lower their environmental impact and energy costs
12/15/2023
Businesses in South Africa are playing the waiting game
S&P Global said that both input and output costs rose at their softest rates since December 2020.
12/14/2023
Eskom wants R16 billion bailout conversion
Having the government take a stake in the company would lessen a debt-service burden that’s prevented Eskom from carrying out adequate maintenance.
12/13/2023
More Cape Town developments in Divercity’s sights
On this weekly Moneyweb show we gain insider insights from leading executives, analysts, developers, and entrepreneurs in SA’s expansive property industry.
12/13/2023
Investors gain N130bn amid moderation in trade volume, deals
Meanwhile, the total traded value for the day appreciated by 52.54 per cent to N5.88bn from N3.85bn on Monday.
12/13/2023
Business Daily’s Top 40 under 40 men feted
The 40 men were feted at the Nairobi Serena Hotel where each was awarded a lion head sculpture trophy and various other goodies.
12/13/2023
A decrease in the external reserves in Nov ‘23
Total reserves as at end-Nov '23 covered 7.7 months of merchandise imports on the basis of the balance of payments for the 12 months to Jun '23 and 5.7 months when we add services.
12/12/2023
Troubled matatu insurer tops unpaid claims
Invesco managed to settle only 61,906 claims in the quarter that ended September, closing with a claims payment ratio
12/11/2023
PFAs make N8tn profit from pension investments
The pension operators disclosed that workers’ contributions were judiciously invested, and the returns were added to the workers’ pension savings
12/07/2023
South Africa’s property market on life support after a tough 2023
The FNB House Price Index growth averaged 0.5% y/y in November, virtually unchanged from October.
12/07/2023
Ghana government increasing to 100% domestically financed capital expenditure worrying – IFS
He warned that if the move is politically motivated, some of the expenditures were likely to be inefficient