03/24/2023
UK's BII commits €20mln to Africa-focussed urban resilience fund
TURF will invest sustainable public infrastructure projects in sub-Saharan Africa
Alternative Investments
03/24/2023
2 African development banks invest $16bln in oil, gas projects
African Export-Import Bank’s oil, gas portfolio exceeds $15bln, says official
03/24/2023
How much it pays to be CEO at South Africa’s state-owned companies
While company chief executives are the top earners, they are by no means the only ones pulling in multiple million-rand salaries.
03/23/2023
Morningstar Announces Winners for 2023 Morningstar Fund Awards – South Africa
The awards recognise those funds and asset managers that have served investors well over the long-term.
03/23/2023
What to Know Before Seeking Growth Capital in Nigeria
Growth capital can be a great way to finance business expansion and development without taking on bank loans
03/23/2023
Baloobhai buys Sh181m extra stake in Co-op Bank
This led to his stake in the country’s third largest bank rising to 0.94 percent –with a current market value of Sh683.8 million— from 0.69 percent over the same period.
03/22/2023
Pension assets post muted growth amid weak markets
Last year, the stock market was hit by sustained foreign investor selling as capital flowed from smaller markets to the safety of the US due to global economic uncertainties partly caused by the Russia-Ukraine war.
03/22/2023
Ramokgopa says power cuts make SA a hard sell
The electricity minister is on a weeklong tour to assess national power stations
03/22/2023
Big changes coming to banks across South Africa
The new system allows consumers using popular commercial banks to send up to R3,000 with just a phone number instead of a bank account number.
03/21/2023
Prices for these properties in South Africa are rising much faster than the rest
By comparison, the mid-value residential property is only sitting at 3.4%, still the second highest segment.
03/21/2023
KCB adds 2,500 staff on Congo unit buyout
Tanzania, Uganda and Burundi units added 10, six and three workers respectively, further deepening KCB Group’s position as the biggest employer among Kenyan lenders.
03/20/2023
Stanchart invests Sh200m in cyber safety
Cybercrime is going to be the biggest challenge in the financial sector for many years to come
03/20/2023
Sanlam eyes faster growth in Allianz joint venture deal
Sanlam will own a 60 percent stake in the joint venture while Allianz will hold a 40 percent interest with an option to buy an additional nine percent ownership in the future.
03/20/2023
Property buyers in South Africa are being cautious
The SARB will meet again at the end of March, with most economists anticipating another 25bp hike, signalling the peak of the cycle.
03/17/2023
Gold price at Kenya stock market hits historic highs
Investors in the NewGold ETF are holding onto the asset, reflected by muted trading at the NSE amid increased turnover in the equities segment.
03/16/2023
Banks plan for R7.8bn of losses as Ghana restructures debt
“We dealt with the risk, because as we see it, while there’s a potential for a better outcome, there’s also potential for a worse outcome,” Absa Chief Financial Officer Jason Quinn said in an interview.
03/15/2023
SA banking stocks feel the heat but largely escape global financial contagion
The combined market capitalisation of the MSCI World Financials Index and MSCI EM Financials Index has dropped about $465bn in three days, Bloomberg reported.
03/10/2023
Businesses put up R100 million to help end load shedding
The money raised will be used to procure capacity and expertise to help support the implementation of the country’s Energy Action Plan over a one- to two-year period.
03/09/2023
Investors book record returns in the March infrastructure bond
After holding out for most of last year against breaching the 14 percent level on bond issuances, the CBK has in this year’s sales shown a willingness to take up more expensive bids, reflecting the pressure on the government to raise revenue.
03/09/2023
Inter-bank lending rate at 18-month high on tight liquidity
The daily borrowings touched a high of Sh46.6 billion on February 7, pointing to thinning liquidity in the banking sector that translates to slower lending to the private sector.