09/22/2022
Default 'a real possibility' for Ghana, Fitch senior director says
Interest payments have been the government's largest annual expense since 2019
Alternative Investments
09/21/2022
South Africa’s utility firm Eskom seeks 32% power tariff hike to fix debt crisis
The company will face the same crisis if it doesn’t raise tariffs and reduce costs: CFO
09/20/2022
ACTIF 2022 opens new chapter of trade and investment in history of Africa and Caribbean relations
The Forum set the ground for various initiatives and opened new doors to strengthen and build new trade and investment relationships between Africa and the Caribbean.
09/20/2022
African Development Bank launches new tools for SMEs to tap opportunities for green investment
They will help strengthen the capacity of financial institutions and small companies to invest in climate action under the NDCS.
09/20/2022
African Development Bank chief sees Japanese private sector as pathway to growth
Moreover, while Japan’s global foreign direct investment is valued at $2 trillion, Africa accounts for just 0.003% of that figure.
09/19/2022
FirstRand Limited's top owners are individual investors with 59% stake, while40% is held by institutions
We can see that FirstRand does have institutional investors; and they hold a good portion of the company's stock.
09/14/2022
Equity Spire deal hit roadblocks in board resignation, union suit
Two board members, the former chair David Wachira and Wycliffe Osoro resigned in March while Christine Sabwa left in August last year, underlining the high turnover on the nine-member board which has left some seats unfilled.
09/13/2022
Africa: Stronger US Dollar Adversely Affecting Africa, Emerging Economies
The outlook points to a slowing global economy.
09/12/2022
Standard Bank Promotes a Business Immersion Programme
Participants will also undergo the Lean Startup and Design Thinking process to understand the community challenges
09/12/2022
Equity closes deal to acquire teachers-owned Spire Bank
The deal will see Mwalimu Sacco, which owns Spire Bank, pay Equity an additional Sh1.7 billion to cover liabilities.
09/08/2022
Nigeria’s Banking Sector Leads Foreign Direct Investment; Attracts Over $15 Billion in 5 Years
In the last five years, the banking sector has attracted $15.8 billion in Foreign Direct Investment (FDI)
09/08/2022
Sanlam rides out difficult trading environment
Broadening price pressures raises concern around the erosion of real personal disposable income, especially among low-income earners.”
09/07/2022
Agusto & Co. Affirms “A” Rating, Stable Outlook for FBNQuest
The rating also reflects the Bank’s franchise upheld by the affiliation with FBN Holdings Plc, one of Nigeria’s largest financial institutions with interests in commercial banking, capital markets, trusteeship and insurance brokerage.
09/07/2022
Endure Capital announces first close of its new $50mln fund focused on early-stage investments in Africa
Launched in 2015 by serial entrepreneur Tarek Fahim, Endure Capital has established itself as one of the leading VC firms in the region
09/05/2022
Ethiopia plans to open up banking sector to foreign investors
Foreign investors have long eyed key sectors including banking, telecoms, transportation, aviation and others in Ethiopia
09/05/2022
Access Bank Divests Pension Custody Business To First Bank
Access Bank transferred the shares to First Pension Custodian Nigeria Limited, after their initial agreement was announced in May in a filing submitted to the capital market authority, Nigerian Exchange Limited.
09/05/2022
Afreximbank to invest $700mln in Afro-Caribbean trade, new bureau
Trade between Africa and the Caribbean has been negligible despite historic linkages
09/02/2022
Four ways to transform Africa-Caribbean trade
A century after the end of the transatlantic slave trade, Garvey saw how Black economic empowerment through international trade could be a real pathway to freedom.
09/02/2022
Africa life insurance still has growth pockets as inflation erodes incomes
Kenya, Mozambique and Botswana are markets where Absa Life has the chance to achieve “low double-digit” growth, driven by increased penetration as well as higher premiums, Strauss says in Johannesburg.
09/02/2022
Kenya Power shuts door on banks return to selling tokens
The company’s position contradicts assurances made by commercial banks to their customers that the decision was temporary.