06/30/2021
Domestic debt service on a plateau
After paying the salaries and benefits of its employees, the FGN has limited resources for the capital spending required for the transformation of the economy.
Alternative Investments
06/30/2021
AfreximBank to Support Ogun with $200m
The Afrexim Bank President who added that the bank would be working with the state government in its quest to make its road infrastructure more accessible for investors
06/28/2021
Old Mutual Unbundles 12.2 % Stake In Nedbank
The insurer’s board believes the move simplifies the group, allowing investors to focus on the core operations of Old Mutual.
06/25/2021
Africa FDI inflows reach $39.8 billion in 2020
Annual Investment Meeting raises anticipation for the rapid increase of investment flows to the African continent through AIM AFRICA
06/25/2021
Another step towards the DMO’s funding target - FBNQuest Capital Research
Wednesday’s auction has to be viewed as another exemplary effort by the DMO.
06/25/2021
'We're hanging our bonuses and collective futures on this' - Old Mutual CEO on new strategy
The market in which insurers operate now is fundamentally different from when Old Mutual launched its current strategy in 2018 when it moved its primary listing to the JSE.
06/25/2021
African Private Equity, Venture Capital Association (AVCA) and APO Group to Drive Trade and Investments Across Africa
AVCA will be working very closely with the regional and local associations to support the policymakers and governments working hard to improve the ease of doing business in Africa.
06/24/2021
ICAP AFRICA launches new Division
The new division will have its headquarters in Johannesburg and will be headed by financial analyst and manager, Duncan Keil.
06/24/2021
Innovation and resilience common themes amongst winners of African Banker Awards 2021
The Awards have become the most respected and recognised industry event celebrating African banking achievements.
06/24/2021
Applications Officially Open for South African Women to Join the 2021 Academy for Women Entrepreneurs
This brings total participation in the program to 300 young South African female entrepreneurs, who have received training and mentorship in what has become a highly competitive entrepreneurship program.
06/24/2021
We’ve expended N35b on pensions, gratuities since 2018, says Oyetola
The governor, who urged the beneficiaries of the bonds to be prudent in spending their hard-earned money, said it behoves them to utilise the resources well by investing in productive ventures that will bring value to their families.
06/23/2021
Ecobank Transnational Incorporated formally opens the market at the London Stock Exchange after successfully listing its US$350 million Sustainability Bond on the LSE
This represents the first ever Tier 2 Sustainability Notes by a financial institution in Sub-Saharan Africa
06/23/2021
EA countries race to form inclusive, affordable pension schemes for informal sector
By 2060, this global population (60 to 70 years) will be approximately 2.3 billion, with Africa contributing 13 percent (300 million) of the total of old people.
06/22/2021
Goldman zeroes in on millennial spending with South African fund
“We are not interested in short-term fads that might last two or three years,” Richard Wiseman
06/22/2021
After Entering South African Market, Access Bank Plans More
The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.
06/18/2021
Bpifrance and the ICD commit to strengthening support for entrepreneurs in French-speaking member countries
This partnership illustrates the will of the two institutions to support and promote economic cooperation as well as to foster the growth of an entrepreneurial ecosystem
06/18/2021
Alexander Forbes sells its retail life business to Sanlam for R100m
De Villiers said the transaction balanced appropriate solutions for AF Life clients, ensuring both a seamless transition for its employees to Sanlam Life Insurance and benefits to shareholders.
06/18/2021
BoG starts domestic gold purchases as reserve
Central banks of developed countries such as the United States of America, the United Kingdom, Germany and other European countries, keep part of their reserves in the precious metal as a store of value and buffer for their currencies.
06/18/2021
IMF picks holes in Nigeria’s economic recovery reports
The incipient recovery in economic activity is projected to take root and broaden among sectors, with GDP growth expected to reach 2.5 percent in 2021.
06/18/2021
Push for pension change in South Africa by 2022
It is important to get the balance between giving workers relief and also ensure the sustainability of pension funds so that when workers retire they have sufficient funds to take care of them.