11/04/2022
African Bank completes acquisition of Ubank, integration underway
Chairman of the board of African Bank Thabo Dloti said a key part of the integration process will be providing growth opportunities for staff across the unified business.
Alternative Investments
11/03/2022
South Africans are living dangerously with R34-trillion shortfall in cover
New study shows adult working population does not have sufficient cover for sudden, life-changing events such as death or disability
11/03/2022
How election affected flow of money in personal wallets and banks
The rise also points to the possibility that politicians withdrew large sums to facilitate their campaigns.
11/03/2022
Africa is open for business, continent’s leaders tell investors as Africa Investment Forum kicks off
President of Cote d’Ivoire Alassane Ouattara expressed the hope that Market Days 2022 would break the $100 billion threshold in investment interest. Vice President Tiemoko Meyliet Koné delivered his remarks.
11/02/2022
Sanlam Life Insurance Holds Customer Appreciation Forum
The forum also gave the business a chance to promote customer-management strategies like paying attention to client concerns, issues, compliments, and feedback.
10/31/2022
Guaranty Trust’s profit rises by 12% to N169.7b in Q3
The group’s total assets and shareholders’ funds closed at N5.81trillion and N872.8billion respectively. Capital adequacy ratio (CAR), non-performing loan (NPL) ratio, and Cost of Risk (COR) closed at 20.7 per cent, 5.6 per cent, and 0.2 per c
10/31/2022
Stanbic Renews Commitment to Multisectoral Business Growth
"The idea of our launch is to showcase all the financial solutions, including advisory services that businesses can take advantage of to meet their growth aspirations, especially in the face of the current challenging operating terrain."
10/31/2022
Access Bank rakes in N123.9bn from foreign investments
Apart from Access Bank Guinea and South Africa, all the bank’s foreign operations reported a pre-tax profit with Ghana reporting the highest at about N31.6 billion.
10/31/2022
East Africa’s economic recovery falters on debt, fiscal deficits
The Russian invasion of Ukraine, which has increased global food and energy prices, could further slow the economic recovery, according to AfDB.
10/28/2022
Pension Funds investment in corporate securities rise 43.9% to N1.4trn
The breakdown shows that the N1.380 trillion invested in the corporate securities represented 9.59 percent of N14.39 trillion total PFAs’ assets within the eight month period.
10/28/2022
Equity market dips by N127bn
The market sentiment was positive as 11 stocks gained relative to nine losers.
10/27/2022
Africa Investment Forum: closing the technology gap promises significant gains for Africa’s creative industries
Another example illustrates how creative-sector technologies can be applied in other spheres. Mobihealth—a Nigerian subsidiary of an international telemedicine firm—is rolling out kiosks that incorporate virtual reality technology to offer pr
10/26/2022
Afrinvest targets offshore investors in new growth plan
On the rebranding expertise, Chioke, said it was discovered that the company’s current logo does not align with the new direction it is going, hence the need for rebranding.
10/26/2022
Insurer to Deepen Insurance Coverage through Innovative Exchange Program
Our conviction is that Insurance plays a critical role in the economy and must be driven via both physical and digital partnerships.
10/26/2022
Challenges affecting the development of Africa’s supply chains
Trade restrictions are highly pervasive in Africa, and moving goods across supply lines between two nearby African countries can cost an arm and a leg.
10/25/2022
African Development Bank, UK & London Market insurers enter risk transfer partnership
The Bank believes this is a cutting-edge transaction that will tremendously assist it in playing its countercyclical role as the continent emerges from the impacts of the COVID-19 pandemic
10/24/2022
Two banks lead in 53.4% financial sector’s contribution to market turnover
The oil and gas industry ranked third with a turnover of 28.2 million units worth N983.6 million in 846 deals.
10/24/2022
Diversified businesses promoting growth – UBA
The Group CEO added that the international banking conference was aimed at proffering solutions, noting that African banks were afforded the opportunity to come together, share experiences and acquire tactical strategies to address the continents’ b
10/24/2022
Nedbank Zimbabwe heads for VFEX
Nedbank is a unit of the Johannesburg Securities Exchange-listed Nedbank Group, whose footprint spans across southern Africa.
10/21/2022
African Development Bank, United Kingdom and London Market Insurers Enter New Risk Transfer Partnership for Climate Action
The participation of both the private insurance market and the UK’s FCDO brings to the table an innovative PPP-type collaboration between DFIs and the insurance market, which helps in realizing the vision of the Addis Ababa Action Agenda.