04/24/2023
Nigeria’s indebtedness to World Bank now N6tn
The International Development Association and the International Bank for Reconstruction and Development, which make up the World Bank, have over the years advanced loans to Nigeria.
Alternative Investments
04/21/2023
Bank fees revenue surges on mobile, forex charges
Foreign exchange income rose by at least 30 percent across the banks
04/19/2023
Afreximbank provides EUR10 million to Banque Postale du Congo for small and medium-sized enterprise (SME) financing
The facility builds on a strong partnership that has existed between Afreximbank and BPC
04/19/2023
StanChart loans to sister banks rise to Sh83bn
It had issued Sh71.9 billion of loans to the entities a year earlier when it owed them Sh9.6 billion, resulting in net lending of Sh63.3 billion to the affiliates.
04/18/2023
How to Find Trusted Fund Managers in Nigeria
Fund managers are entrusted with researching, monitoring and selecting the right investment opportunities that maximize profits for investors.
04/18/2023
IFC to invest Sh10.4bn in pan-African fund manager
Amethis III is the third fund of the French Amethis franchise in the Middle East and North African regions.
04/18/2023
Eskom has received close to half a trillion rand of taxpayers’ money
Straying from the latest debt-relief plan would test the credibility of South Africa’s fiscal framework and budget processes in a country with a full house of junk credit ratings.
04/14/2023
Cyril Ramaphosa urges investors to back investment drive despite power crisis
SA is targeting R60bn in additional pledges by local and international investors
04/14/2023
Sanlam cuts loss to Sh54m on lower costs
The latest performance marks the third straight year for Sanlam Kenya to be in losses.
04/13/2023
ARC offers back offices to Bermuda reinsurers
Arc is focusing on reinsurance, fintech, financial services, utilities, gas and energy and other emerging markets.
04/13/2023
Access Holdings completes $300 million investment into flagship subsidiary
In corporate disclosure seen by Nairametrics, Access Holdings explained that the proceeds will supplement the capital need of its African expansion strategy.
04/13/2023
South Africa on investment super drive
South Africa will host its fifth South Africa Investment Conference (SAIC) on 13 April in Johannesburg.
04/12/2023
Altum Group Announces Expansion with New Office in Cape Town
Our expansion into Cape Town demonstrates our dedication to meeting the evolving needs of our clients and tapping into an exceptionally talented workforce.
04/06/2023
African Islamic Finance Awards distribution ceremony will be held in the Gambia
Awards Aim to Recognized the Institutional Role through Socio-Economic Developmental Impact for a Better Future; Muhammad Zubair
04/06/2023
Nigeria, South Africa, Egypt slowing regional growth, says World Bank
The report said debt distress risks remain high with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.
04/06/2023
UBA Targets 20% RoAE in 2023 FY
Speaking on the targets for this year, the Group Managing Director/CEO, UBA, Mr. Oliver Alawuba during the Bank’s virtual “audited 2022 results conference call”, said despite the global headwinds across all markets, the management and st
04/05/2023
Access Bank gets $300 million capital investment to drive African expansion
The investment takes the form of a Tier 1 capital qualifying mandatory convertible instrument
04/05/2023
Interbank loan rates rise to 7.9pc over tight liquidity
The reduced liquidity points to difficulties ahead in the government’s borrowing plans from the domestic market for budgetary purposes.
04/05/2023
Kroll expands in South Africa
Company representatives stated that they are happy to be expanding in Johannesburg, enabling Kroll to offer a wider breadth of risk and financial advisory solutions to companies operating in South Africa and across Africa.
04/04/2023
Afreximbank Provides $10m Trade Line Facility to Parallex Bank Limited
The $10 million financing facility will be used by Parallex Bank to facilitate, through on-lending, access to cross-border trade finance for small and medium-sized enterprises (SME), and to create lines of credit for businesses operating in the agricultur