06/06/2022
GCB Bank posts profit before tax of GH¢831.9m
GCB Bank recorded a Profit before Tax of GH¢831.98 million in 2021 from GH¢602 million in 2020, representing an increase of about 36.2 per cent.
Alternative Investments
06/06/2022
African Development Bank launches new initiative to build financial acumen of African cities
The program will get underway in September 2022; 10 municipalities will participate.
06/05/2022
Data relevant to improving stock market participation – Absa
“Considering the various challenges besetting the global economy, these investors need accurate data to make informed investment decisions to avoid unfavourable market moves.”
06/03/2022
State yet to decide on fate of Hilton building after exit
“We have not decided on the strategic options."
06/03/2022
Access Bank pledges funding for MSMEs
"We have organized this engagement session to provide an opportunity to meet one on one with our SME customers in Abuja, provide them with a platform to ask questions, get answers and solutions that help them take their businesses to the next level.&
06/02/2022
Eskom's Medupi will not earn a financial return in its lifetime, says funder African Development Bank
The R450 billion debt taken on to build Medupi and Kusile is the biggest factor weighing down Eskom's financial stability.
06/01/2022
AfDB Annual Meetings: The week that Africa’s patience ran out
The programmes announced and promoted at the 2022 Annual Meetings reveal an AfDB bent on both publicising and addressing the global inequities that have shackled African development for generations.
06/01/2022
SA unemployment down for first time in two years
Johannesburg – South Africa’s unemployment rate has fallen for the first time in almost two years, declining to 34.5% in the first quarter of 2022
06/01/2022
Apis Growth Fund I sells Q Link interest to Sanlam Private Equity
During the investment period, Apis has leveraged its extensive experience in global financial services
05/31/2022
Nigeria’s Next Generation are challenging the status quo of family businesses – PwC’s NextGen Survey 2022
The survey results are from the responses of over 1000 NextGen members, in family businesses, across 68 countries globally.
05/31/2022
Banks tighten forex access as reserves hit seven-month low
Due to scarcity, many banks are extending waiting period to access forex for foreign trips, thereby denying travellers with urgent trips access to apply for Personal Travel Allowance or the Business Travel Allowance requests.
05/31/2022
South Africa unveils new strategy to lure more investment and create jobs
The public has a month to comment on the proposed plan.
05/30/2022
UBA supports African business growth
The Conversations provides a platform for African and global audiences to connect with global thought leaders both in the private and public sectors
05/30/2022
We are partnering with Development Bank Ghana to expand our SMEs support capabilities
We have done that through the products that we have rolled out and through the technology platforms that we have established.
05/29/2022
Africa’s Recovery Remains Uneven; More Resources Are Needed—African Development Bank Report
According to the report, however, economic recovery remains uneven and fragile, even as the easing of Covid-19 restrictions has put many regions of the continent back on a growth trajectory.
05/27/2022
Women steal the show at the African Banker Awards 2022
Two women won two of the most prestigious awards: the African Banker Icon and Finance Minister of the Year.
05/27/2022
Nigerian Banks Face Global Risk Transmission Despite Oil Boost
Soaring inflation led the Central Bank of Nigeria (CBN) to raise its benchmark rate by 150bp on 24 May
05/27/2022
FBNH reports 99.86% growth in PAT for FY 2021
Other operating income spurs earnings
05/26/2022
S.Africa's central bank flags inflation as major risk to domestic financial system
"South Africa remains vulnerable to spillover effects of global events, particularly the Russia-Ukraine war and global stagflation concerns,"
05/26/2022
Pre-budget consultations: Representatives from Mauritius Bankers Association, Mauritius Finance, and Insurers’ Associations meet with Finance Minister
In a statement after the meeting, the Chairperson of Mauritius Finance, Mr Shahed Hoolash, underlined that they had submitted budgetary proposals to the Finance Minister in advance.