11/28/2023
Top banks set aside Sh62bn, anticipate record defaults
The data shows that three of the eight banks have set aside a record stockpile of insurance cash in the review period.
Alternative Investments
11/27/2023
The biggest retirement mistakes South Africans make
As we head into the festive season, 10X Investments said that many South Africans are changing their investment plans without considering the consequences.
11/24/2023
Nigerian startup FrontEdge bags $10m for trade finance growth
The funding round was led by TLG Capital and included participation from Flexport.
11/22/2023
Another twist for South Africa’s new pension system
These funds will be accessible before retirement.
11/22/2023
Markets expect a hold on interest rates this week
Options trading reflects expectations the monetary committee will leave borrowing costs at 8.25% on Thursday, with about a 10% chance assigned to a rate cut.
11/21/2023
Mozambique Increases Debt to Finance 10.4% Deficit in 2024
The budget deficit forecast by the government for next year is more than 159,488 million meticais (2,340 million euros)
11/21/2023
What it will take to get the rand under R18 to the dollar
The odds are that the rand will even succeed at this, the economist noted, with the currency likely to run below R18/$ into next year as the global interest rate hike cycle shifts to one of cuts.
11/20/2023
Investors gain N182bn in one week
Despite the positive trading during the week under review, a total of 2.025 billion shares worth N27.69bn exchanged hands in 32,763 deals
11/20/2023
AfDB invested over $10bn in Nigeria in 52 years
With an estimated 60 million people, which is 28 per cent of the country’s population, North-West Nigeria is home to 10 million of the country’s 22 million herds of cattle.
11/20/2023
Property prices are surging in this part of South Africa
Many residents also opt to stay in the area, with roughly 50% owning their properties for ten or more years.
11/17/2023
Construction stumbles in South Africa as developers sweat
The outlook for work deteriorated according to respondents’ expectations, which aligns with the drop building plans passed reading for Q3, which showed that plans passed dropped by -13.3% qqsa.
11/16/2023
Good news for interest rates in South Africa expected next week
Global financial markets remain highly sensitive to the US interest rate cycle, and fluctuating expectations add to rand volatility.
11/16/2023
Non-tax revenue hits 3-year high of Sh29bn on mop-up
Services such as transportation permits like driving licences, land titling, and registration of persons are key sources of non-tax revenue.
11/16/2023
World Bank disburses $300m palliative loans
With this loan, the Federal Government plans to run a monthly cash transfer programme for poor and vulnerable Nigerians
11/15/2023
Nigeria’s Wigwe makes $500m investment in higher education
Wigwe is resolutely committed to injecting $500 million over a five-year span into his envisioned hybrid university.
11/15/2023
South Africa’s new ‘travel pass’ expands
Travellers who are travelling with children or infants will also need to complete a declaration on their behalf.
11/14/2023
Africa: Investors opting for data centres, green projects
Africa has 785 green-rated buildings of which 641 are in South Africa alone
11/14/2023
CIC Group unroll $2mln payroll restructuring: Kenya
The restructuring also focuses on balance sheet re-organisation
11/13/2023
South Africa readies for a rough landing
According to Stats SA, manufacturing production plunged by 4.3% y-o-y in September, following a downwardly revised 1.5% increase in August.
11/13/2023
Africa Investment Forum secures $34.82bln in investment interests
Africa Investment Forum is a multi-stakeholder and multi-disciplinary platform