02/16/2023
In the most recent Monetary Policy Committee meeting, the central bank decided to only increase short-term interest rates by 25 basis points, which may be seen as a signal that the hiking cycle is reaching an end.
02/16/2023
It was followed by Linkage Assurance with 7.14% gain and a closing price of N0.45k then Consolidated Hallmark Insurance 4.62% to close at N0.68k.
02/14/2023
South Africa’s recent policy push towards renewable energy sources, alongside the failings of the national power utility Eskom has made an ideal climate for the battery storage market to thrive.
02/14/2023
This emerged in a period when the country was expected to repay foreign debts estimated at Sh63 billion, according to the World Bank tracker of public debt.
02/14/2023
Outlook for inflation and interest rates worsens as the currency dips
02/13/2023
The loan doubles the OPEC Fund’s commitment to AFC following an initial $50m 10-year loan provided in January 2021
02/13/2023
The number of Engen fuel stations in Kenya remains undisclosed but the oil marketer’s footprint is mainly concentrated in Nairobi.
02/13/2023
Global markets were in risk-off mode last week amid concerns that the continued strength in the US labour market could result in the US central bank keeping their policy interest higher for longer.
02/13/2023
The conclusion of the transaction will result in GEPF owning 30% of AWIC for an estimated cash consideration of R2.8 billion.
02/10/2023
Roads and energy infrastructure projects most impacted by funding cutbacks
02/10/2023
Investors instead oversubscribed by a wide margin the last three Treasury bill auctions
02/09/2023
Under a scenario where the economy sufficiently recovers to support GDP growth of 1.1%, Lightstone expects core inflation to climb to 5.5%, with interest rates increasing by 200 basis points.
02/08/2023
The private sector remained the major driver of investment, with planned new projects rising to R193.6 billion, accounting for 78% of the total value of new projects announced in 2022.
02/07/2023
Bankruptcy filings have been on a steep decline over the years despite rising debts and sustained seizures and auctions of distressed properties, exacerbated most recently by the Covid-19 crisis.
02/07/2023
“Business investment in South Africa is on strike until things improve.”
02/07/2023
Aja stated this at the Nairametrics Economic Outlook 2023 Webinar with the theme: 2023 Economic Opportunities to mitigate the impact of headwinds.
02/06/2023
Actis put Java up for sale and sources say it valued the casual dining and coffee chain at $40 million (Sh4.9 billion).
02/06/2023
Kenya Airways leads with the largest market capitalisation shrinkage of Sh98.6 billion to stand at Sh21.7 billion –capturing its valuation on July 6, 2020, when it last traded.
02/06/2023
Market is stagnant and increase in Joburg’s property base is likely to be an attempt by the city to boost its coffers, they say
02/03/2023
Investing directly often requires more knowledge and higher investable funds for one to achieve diversification and risk management.