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.
Alternative Investments
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.
07/05/2023
Inflation has taken a positive turn in South Africa – Kganyago
Inflation has been above that level for more than two years and is forecast by the central bank to return to the midpoint in the third quarter of 2025.
07/05/2023
RBA clears 84 pension funds to handle NSSF contributions
An employer is empowered to choose to pay tier-II contributions to a private pension scheme or the NSSF.
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.
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.