07/14/2023
SME Accelerator Programme Launched in Nigeria
The platform provides access to the right tools and funding for SMEs businesses.
Alternative Investments
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,”
07/12/2023
DIB Bank Kenya opens new branch in Nairobi mall
It will serve as an information hub for customers seeking trade financing between Kenya and UAE
07/12/2023
CBG signs on to UN Global Compact to strengthen sustainable business practices
On his part, the CEO of the Ghana Association of Banks, John Awuah, commended CBG for promoting sustainability in banking.
07/11/2023
Investors gain N851bn in one day
The market’s performance was driven by continued demand in MTNN, Dangote Cement, Stanbic.
07/10/2023
Prudential Zenith Life records 18% profit growth
Shareholder equity grew by N1.34bn (11 per cent’ between 2022 and 2021, reflecting an increase in retained earnings.
07/10/2023
Safaricom, KCB shares among 1.2bn unclaimed
Analysts have linked the high number of abandoned Safaricom shares to the counter’s dominance and attraction, especially among retail investors which makes the share to be one of the most owned on the NSE.
07/07/2023
Businesses in South Africa finally get a boost
S&P Global added that despite an improved supply picture, demand at businesses was suppressed due to elevated prices, causing a modest weakening in the health of the private sector economy.
07/06/2023
Nigeria’s foreign direct inflows turn negative
Investment flows to Africa dropped to $45bln in 2022 from the record $80bln set in 2021
07/06/2023
Kenya on the move again as economy reverses 7-straight falls
The latest official numbers show that the economy in the three months to March posted the fastest growth in the last four quarters
07/06/2023
Kenya’s super-rich club shrinks on shilling slide
The dollar, being the most widely used global currency, allows for cross-border comparison of wealth levels.
07/05/2023
Kenya's Q1 GDP slows as manufacturing contracts
Kenya's GDP expanded by 5.3% in the first quarter of 2023, compared to a 6.2% growth in the corresponding quarter of 2022
07/05/2023
Nigeria is open for business and more investments – Bola Tinubu
The government working to remove all bottlenecks to attract more investment, says Tinubu
07/05/2023
Kenya on the move again as economy reverses 7-straight falls
The Kenya National Bureau of Statistics (KNBS) reported on Tuesday that the country’s gross domestic product expanded by 5.3 percent in the first quarter of the year, a faster pace than 3.7 percent in the previous period ending December 2022.