07/04/2023
African Development Bank to make US$11 million equity investment in BluePeak Private Capital Fund
The African Development Bank’s equity investment promises several benefits.
Alternative Investments
07/03/2023
Access Bank UK, Daniel Ford educate investors on real estate investing in UK
The Roadshow provided an opportunity for the firms to educate Nigerian investors on investing in real estate in UK, highlighting the benefits and methods of such investment.
07/03/2023
South Africa nearing end of daily power cuts, minister says
South Africa is on course to see its most blackout days in history this year
06/30/2023
Singapore, Rwanda Launch RISE Programme to Boost Trade Opportunities
MAS and NBR will provide strategic direction and support for the RISE programme, including providing policy guidance on cross-border financial engagements and digital financial credentials building.
06/30/2023
De La Rue spends Sh2.7bn to lay off staff, exit Kenya
The company, operating in Kenya as De La Rue Kenya EPZ Limited, had about 300 employees.
06/30/2023
Kenya benchmarks Egypt’s 11pc in Eurobond buyback
The disclosure to the House committee comes amid prior announcements detailing how Kenya was gearing to settle the significant maturity in a year.
06/28/2023
Don’t shy away from offshore investments in your living annuity
Regulation 28 under the Pension Funds Act imposes limits on a retirement fund’s offshore exposure: currently, no more than 45% of the portfolio may be invested outside South Africa.
06/27/2023
Kenya’s president proposes $500bln global credit line for ‘struggling’ economies
Ruto says loans should have a 50-year maturity period and a 10-20-year grace period
06/27/2023
Kamau Thugge strikes, sets tone with highest loan rate in seven years
The government, which is expected to tap the majority of its debt financing for the new financial year from the domestic market, will also not be spared.
06/26/2023
Q1 2023 debt servicing rose to N1.24tn – Report
The International Monetary Fund recently said the Federal Government projected to spend 82 per cent of its revenue on interest payments in 2023.
06/26/2023
Total, Africa Oil Kenya exits spook investors
Total Energies and Africa Oil quit in May and relinquished their stakes for free, exerting new pressure on the main operator, Tullow, which has been unable to take the project off the ground after running out of cash.
06/23/2023
Zambia seals $6.3bln debt restructuring deal
Of the $6.3bln in debt owed to government bodies, $4.1bln was owed specifically to Export-Import Bank of China, says official
06/23/2023
Titans of business recognised at the Afreximbank Pan-African Business and Development Awards
The Pan-African Business and Development Awards were designed to celebrate and recognise the excellence of outstanding organisations and individuals within the African business and finance sectors.
06/23/2023
DMO worries over low revenue as Nigeria’s debt nears N81tn
In the report, the DMO warned that the Federal Government’s projected revenue of N10tn for 2023 cannot support fresh borrowings.
06/22/2023
Gauteng remains open for business, amid socio-economic realities
Gauteng has for many years been a leading tourism destination in Africa.
06/22/2023
Cornerstone Insurance premium hits N22bn
The chairman said it ended the financial year with a profit before tax of N2.92bn
06/22/2023
Budget controller flags Sh5.7bn salaries paid outside payroll
The payment of salaries by the State agencies outside the payroll system coincided with liquidity pressures in government
06/21/2023
Tony Elumelu’s investment across Africa and business impact
Our main aim is to support African companies – in particular, small to medium sized enterprises (SMEs)
06/21/2023
OPEC Fund loan to Access Bank Botswana will boost lending to women-owned businesses
The funds will help address the financing access gap experienced by many MSMEs
06/19/2023
The upstarts challenging banks in the forex market
Thought to be worth R15bn a year in profits to the major banks, it’s a market that is begging for disruption – and several new challengers are happy to oblige.