05/04/2022
Government pension fund finally gives PIC a mandate to manage its unlisted investments again
The PIC announced on Tuesday that the two institutions have now signed the new mandate.
Alternative Investments
05/02/2022
Wealth Fund for $96 Billion Mozambique Gas Haul Seen This Year
The southeast African nation’s central bank in October 2020 published a proposed model for the fund, which it said would build up savings and contribute to fiscal stability when commodity prices fluctuate.
04/29/2022
Access Holdings’ first quarter profit leaps 9.2% to N57.4 billion
Access Holdings’ shares, listed in Lagos, climbed 0.51 per cent following the earnings release.
04/29/2022
Morocco’s Holmarcom group takes control of Credit du Maroc Bank
Morocco’s Wafa Assurance and other stakeholders own 10.73% and 10.56% respectively of Credit du Maroc
04/29/2022
Kennedy Bungane: African Bank transformation strategy gives wings to founders’ vision
They started with a mere R70. In just over a decade they were able to turn that into a successful financial institution.
04/29/2022
Top Tanzanian banks increase investment in govt securities
CRDB bought Tsh1.64 trillion ($709.95 million) worth of T-bonds, up from Tsh1.49 trillion ($645.02 million) in 2020.
04/28/2022
Africa Prudential Reports 15% Increase in PBT to N0.55bn
In addition, total liabilities also increased by 28per cent year-on-year to N8.94billion due to a 27per cent growth in customers’ deposits and a 110per cent growth in creditors and accruals.
04/28/2022
StanChart reveals Sh46bn loan for Safaricom Ethiopia licence
StanChart did not disclose the other banks with which it worked to fund Safaricom.
04/28/2022
UBA reports modest growth in first-quarter profit amid soaring costs
The bank's operating expenses leapt 20.5 per cent to N77.6 billion, leaving a great deal of bottom-line eroded.
04/27/2022
Absa Life Assurance Kenya net profit grows 84% to Sh245 million
This is for the period ended December 31, 2021.
04/27/2022
Stanbic IBTC Holdings Cost-to-Income Ratio in 2021 FY Hits 8-year High
As gathered by THISDAY, Stanbic IBTC Holdings had 68per cent cost-to-income in 2013 and the all-time high cost-to-ratio was 72.80 per cent in 2012.
04/26/2022
Spotlight on succession planning in Africa
Mauritius is a recognised international financial centre with a stable and sophisticated legal and economic ecosystem.
04/26/2022
African Development Bank Group Chief Garners Strong Global Support for Africa
Meeting with the African Union’s Group of 15 Finance Ministers, Adesina outlined the continent’s immediate challenges and the solutions that were being applied to tackle them successfully.
04/26/2022
Anyone with a spare R1m or R2m should consider real estate investments offshore
Megan Copley, the director of International Real Estate says anyone who has a bit of spare cash should seriously consider investing in overseas property.
04/26/2022
Ecobank Group Posts $125m PBT In Q1
Total assets were down by four per cent to N 11.265 trillion and total equity also by four per cent to N 881.3 billion as at March 31, 2022.
04/25/2022
Insurance Sector Operators Seek Ties With OPS
Edu said exposing the council to alliance with government, independent bodies is in fulfillment of his promise to the council in this regard during his investiture and acceptance speech.
04/22/2022
Big moves from Absa and Old Mutual as deal-making resumes in SA’s financial services industry
Two significant transactions were announced by Absa and Old Mutual this week — a rare thing for the highly regulated industry in which deal-making takes time to conclude.
04/21/2022
Sovereign Trust Insurance Grows Profit by 42%
Soyinka, said the management was committed to meeting and surpassing the expectations and aspirations of its shareholders and stakeholders alike.
04/21/2022
Anchor Insurance Sponsors Stage Play in Lagos, Delta States
He explained that the company became interested in sponsoring both live plays being produced by The Duke of Shomolu Productions especially because of the personalities being honoured and the good lesson from their exemplary lifestyles to the society.
04/21/2022
IMF Forecasts a Booming Inflation in the Country to 9% in 2022
For the next year, the IMF predicts a decrease in price increases to 7%.