11/23/2022
South Sudan readies for $112.7m IMF emergency funding
The IMF staff team led by Niko Hobdari visited South Sudan from November 7 to November 17, 2022.
Alternative Investments
11/23/2022
Unitrust Insurance settles N1.39b claims in Q3 2022
We entered into strategic partnerships with various organisations to broaden our visibility and accessibility
11/23/2022
Boosting Equitable Development as Kenya Strives to Become Upper Middle-Income Country
Informed by extensive stakeholder consultations, the CPF seeks to drive faster and more equitable labor productivity and income growth, greater equity in development outcomes across the country, and help sustain Kenya’s natural capital for greater c
11/22/2022
IQ-EQ wins three Africa-focused awards for fund administration excellence
The Private Equity Africa (PEA) Awards celebrate the very best of the African private equity industry, honouring both investors and service providers.
11/22/2022
LAPO Wins Microfinance Bank of the Year​ Award
A signed statement by the company’s Head, Communications and Branding, Oluremi Akande revealed that the bank has won the award category for the 9th consecutive times.
11/18/2022
Treasury exceeds spending by Sh 65.5 billion in first quarter
The operation and maintenance costs in the three months exceeded the budget by Sh 92.95 billion, the Treasury says, after the expenses hit Sh 260.67 billion.
11/17/2022
Lean times as number of Kenyan firms facing liquidation doubles
Latest data from Kenya’s State Receiver Office shows that 46 companies are currently facing a liquidator’s hammer, up from 18 in 2015.
11/17/2022
IFC to invest $100mln in Kenyan bank to help SMEs affected by pandemic
The loan will mature in 24 months, but can be renewed up to 36 months
11/16/2022
Banks urged to leverage economic crisis
Recognise that the crisis can present the biggest opportunity in a lifetime, do not double down on the traditional business, be proactive.
11/15/2022
How effective succession planning can maximise business success
The prevailing philosophy tends to be ‘live in the present’, but a better one might be ‘look to the future’.
11/15/2022
Treasury seeks KQ sale to foreign strategic investor
KLM has reduced its stake from 26.7 percent after the conversion of State debt and bank loans to equity diluted the firm’s ownership to 7.76 percent.
11/14/2022
FUGAZ investors gained N25 billion combined during the week
The NGX banking index appreciated by 0.17% from 370.98 last week to close at 371.61 points.
11/14/2022
FBNQuest Highlights Importance of Equity, Quasi-equity Financing Options
The interaction included a presentation by Head of the Equity Research team of FBNQuest, Tunde Abidoye, on the prospects for Nigeria’s macro economy, highlighting the outlook for public debt, the exchange rate and inflation.
11/14/2022
United States, Nigeria to deepen business partnership
The partnership will further create jobs, promote economic diversification objectives, and enable vital direct connections between U.S. investors and their Nigerian counterparts.
11/14/2022
BOI Wins Four International Banking, Sustainability Awards
Our dedication to building a resilient organization that can respond to the needs of our customers and operating challenges is unwavering.
11/11/2022
Safaricom half-year profit drops to Sh33.5bn on Ethiopia entry costs
The company also pointed to a tough macroeconomic environment for the slowdown in earnings, where high inflation arising out of global shocks has slowed down consumer spending.
11/11/2022
Wigwe acquires more Access Bank shares, expands control
On Tuesday, Wigwe also bought 37.5 million shares worth N303,750,000, bringing the total amount he invested into Access Bank this year to N975.52 million.
11/11/2022
Kenya, South Africa resolve trade barriers
The removal of the trade barriers agreement is part of four instruments signed between President Ruto and President Ramaphosa to foster cooperation.
11/10/2022
Nigeria eyes $1.9trln to meet net zero target by 2060
Government plans to spend $135 billion on infrastructure and $150 billion on power projects
11/10/2022
Investors bag highest returns in October bond sale
The average rate of the accepted bids was 13.94 percent, against an average of 14.03 percent demanded by investors.