05/05/2023
Gold heads for biggest weekly jump in two months
That is partly due to US Fed chair Jerome Powell’s pushing back on market expectations of rate cuts in 2023
Alternative Investments
05/03/2023
China gives Kenya the tiniest loan since 2008 in fresh shift
Nairobi has been a major beneficiary of China’s loans for the development of mega infrastructure such as roads and a modern railway over the last decade, making Beijing the largest bilateral creditor since 2015.
05/03/2023
New list of Kenya’s little-known firms earning billions revealed
The Kenyan fastest-expanding firms on the FT list leverage technology in offering products, an indication that Covid-19 appeared to have accelerated the move online.
04/30/2023
South Africa’s massive pension problem
“The latest data from China, Korea or Italy, for example, point to speedup of demographic change,”
04/27/2023
Over 400 businesses have been liquidated in South Africa this year so far
So far this year, March had the highest number of liquidations, with February in second at 162 and January following with 81.
04/27/2023
This is the average take-home pay in South Africa right now
Consumer inflation reached a 13-year high of 6.9% in 2022 (2009: 7.1%), resulting in a notable erosion of the purchasing power of households.
04/26/2023
Absa Life profit rises 70pc to Sh417m on premiums surge
Absa Life Assurance's gross written premium has grown from a base of just Sh1.8 billion in December 2018.
04/25/2023
African Banker Awards 2023 nominees announced
The 2023 edition of the Awards ceremony is set to spotlight SMEs, women and gender. A new category has been introduced to recognize efforts towards bolstering financial inclusion of women across the continent.
04/25/2023
Kenya’s startups secured $676mln funding in 2022
The country accounted for 102 deals out of the 786 in Africa
04/25/2023
Nigeria is Africa’s top oil producer in March 2023 despite lower output
The West African country produced 1.2mln barrels per day of crude in March
04/25/2023
Zimbabwe economy could grow 6% this year, finance minister says
The growth should be higher than that and close to 6%
04/25/2023
Investing in Africa is profitable, African Development Bank President tells Japanese investors
Dr. Adesina is leading a Bank delegation on a five-day visit to Japan during which he will meet senior government officials, large Japanese companies, development partners and members of the African diplomatic corps in the country.
04/24/2023
Nigeria’s indebtedness to World Bank now N6tn
The International Development Association and the International Bank for Reconstruction and Development, which make up the World Bank, have over the years advanced loans to Nigeria.
04/21/2023
Bank fees revenue surges on mobile, forex charges
Foreign exchange income rose by at least 30 percent across the banks
04/19/2023
Afreximbank provides EUR10 million to Banque Postale du Congo for small and medium-sized enterprise (SME) financing
The facility builds on a strong partnership that has existed between Afreximbank and BPC
04/19/2023
StanChart loans to sister banks rise to Sh83bn
It had issued Sh71.9 billion of loans to the entities a year earlier when it owed them Sh9.6 billion, resulting in net lending of Sh63.3 billion to the affiliates.
04/18/2023
How to Find Trusted Fund Managers in Nigeria
Fund managers are entrusted with researching, monitoring and selecting the right investment opportunities that maximize profits for investors.
04/18/2023
IFC to invest Sh10.4bn in pan-African fund manager
Amethis III is the third fund of the French Amethis franchise in the Middle East and North African regions.
04/18/2023
Eskom has received close to half a trillion rand of taxpayers’ money
Straying from the latest debt-relief plan would test the credibility of South Africa’s fiscal framework and budget processes in a country with a full house of junk credit ratings.
04/14/2023
Cyril Ramaphosa urges investors to back investment drive despite power crisis
SA is targeting R60bn in additional pledges by local and international investors