08/21/2023
Kenya’s revenue collection leaps 19% to $1.1bln in July
Doubling of VAT on fuel to 16% from July 1 contributed to the increase
Alternative Investments
08/21/2023
Universal Insurance launches tech products
Ujoatuonu emphasised the role of technology in fostering financial inclusion and insurance penetration.
08/21/2023
Rich South Africans are moving into this type of property
For their money, buyers are guaranteed a designer space that is palatial and polished
08/18/2023
Red flags for food prices in South Africa
South Africa is currently experiencing El Nino for the first time since 2015/16.
08/17/2023
Middle-class South Africans are in a deep, deep hole
The report highlighted that middle-class South Africans and other income brackets suffer from a higher debt service burden
08/15/2023
South Africa’s R19 ‘summer holiday’ beating
This causes increased volatility as market reactions to events tend to be more pronounced.
08/14/2023
Project Financing a Power Project in Tanzania
Power projects in Tanzania typically secure funding through a combination of debt and equity,
08/14/2023
Access Bank gets Sh1bn capital from parent firm
Funding to the bank is set to replenish Access Bank Kenya's cash base
08/14/2023
Kenya pension schemes lose $77m in bond, equity deals
Government bonds have become more attractive
08/09/2023
Treasury finalising list of new Eurobond arrangers
Refinancing major portions of the Eurobond using one or a combination of syndicated loan proceeds or bilateral commercial loan proceeds.
08/09/2023
Saudi Arabia drives MENA IPO activity with $900m proceeds in Q2: EY report
The second quarter of 2023 confirmed that MENA IPOs are not experiencing the downward trend witnessed globally.
08/08/2023
Shareholders protest at First Bank HQ over AGM
FBN Holdings in a notice issued in July said that it intended to raise fresh capital through a rights issue
08/08/2023
Safaricom Ethiopia, IFC Conclude Equity Investment Deal
The two sides formally closed the deal two months after the IFC agreed to make a $157.4 million equity
08/07/2023
Venture capital pool for Africa drops by $1.4bn
This translates to a 40 percent drop by both volume and value, compared with the $3.5 billion raised in the same period last year.
08/07/2023
Investments in Africa take a hit due to rate hikes in advanced economies
Dollar shortages in import-dependent economies making it worse
08/04/2023
Nigeria’s DMO lists $167mln sukuk to boost capital markets
The funds will be used for some critical projects in six geo-political zones
08/04/2023
Africa backs $514bln in new city projects to solve urbanisation challenges
According to Estate Intel, North Africa has emerged as the leading region accounting for 88% of planned new city developments across Africa
08/04/2023
Short-term gain, long-term pain for South Africa
El Nino is an irregular weather pattern that occurs every two to seven years, which results in drier conditions in South Africa.
08/03/2023
UBA GMD marks first year of impactful service
The GMD who expressed gratitude to his team and other internal stakeholders for the many successes achieved in the last 12 months
08/03/2023
Afreximbank spots MSME growth opportunities in €41.8bn factoring industry
“To ensure that factoring is effectively deployed to unlock the potential of African SMEs, more needs to be done, particularly in terms of scale, market expansion and market participants,”