01/05/2023
Foreign investors pull out Sh24 billion from NSE in 2022
Absa, Standard Chartered Bank, NCBA, BAT and Stanbic Holdings however defied the trend to record gains of 3.8, 11.3, 56.2, 4.2 and 16.9 percent respectively in the period.
Alternative Investments
01/05/2023
Stanbic IBTC Capital Shines At EMEA Finance African Banking Awards
"our dedicated team of investment banking specialists leverage sector insights and product expertise to offer our clients innovative advisory, capital markets and financing solutions."
01/03/2023
Economists look back on South Africa’s shaky financial year
“Median consensus growth expectations (surveyed by Reuters) for this year have softened from 2% in December last year to 1.8% in November 2022,”
12/30/2022
Kenya start-ups cut Sh29bn deals with US investors
Kenya-based agribusiness Hello Tractor also partnered with US tractor manufacturer John Deere to scale its pay-as-you-go programme to finance tractors for more than 623,000 smallscale farmers who use the platform on more than 1.7 million acres through a n
12/30/2022
South Africa's private sector credit up 8.30% y/y in November
The broadly defined M3 measure of money supply increased by 8.76% in November after growing 9.82% in the previous month.
12/30/2022
Banks’ total assets rise 19% to N63trn in 9 months
Access Bank emerged the biggest bank in asset size, as its total assets for the period stood at N13.45 trillion, followed by Zenith Bank with N11.34 trillion, First Bank ranked third with N9.85 trillion, while UBA and GTBank placed fourth and fifth with N
12/29/2022
Banking sector remained resilient amid challenges
During 2022, all banks had adequate core capital above policy requirement and lent out huge sums as well as providing support to customers with stressed loan books.
12/29/2022
Nigeria’s debt burden continues its unrelenting surge
The Senate has already rejected initial plans by the leadership of the upper house to stream roll this request.
12/28/2022
Tongaat Hulett gets IDC cash injection ahead of business rescue plan deadline
The post commencement finance will allow the sugar giant to continue paying employees, growers and other suppliers whose livelihoods depend on it
12/27/2022
Ugandan banks’ mixed fortunes on low economy growth, inflation
Also, prolonged school closures and suspension of large gatherings suffocated many private schools and hotels, leading to closure and bankruptcy.
12/23/2022
Rand Merchant Bank Quotes N2.36bn CP on FMDQ Exchange
Rand Merchant Bank Nigeria Limited (Rand Merchant Bank) is a corporate and investment banking firm, which provides innovative advisory services on infrastructure projects, mergers and acquisitions, as well as the funding of various transactions across mul
12/22/2022
Kenya plans to raise $900mln to boost forex reserves, support budget
Growth projected to converge to about 5.5% over medium term, says IMF report
12/22/2022
Top performing shares in South Africa this year
Banks have managed to navigate global financial uncertainty within the sector when compared to other companies, said DailyInvestor.
12/21/2022
Kenya’s trade deficit widens to $11.3bln in first 10 months of 2022
Prices of essential commodities surge due to global supply chain disruptions
12/21/2022
PenCom: Making Workers Home Ownership Dream a Reality
This points to the fact that federal government through PenCom is really serious about making Nigerian workers solve their home ownership problem through mortgage financing of the housing deals, using their pension contributions.
12/20/2022
Ecobank, AMA announce 2022 Africa Financial Journalist Awards winners
In August 2022 over 400 journalists from 30 African countries were selected to participate in the Programme.
12/20/2022
More consumer pain as the shilling hits new historic low
Main imports into the country include petroleum products, machinery, medicine, vegetable oil, pharmaceuticals, cars, wheat and clothing.
12/20/2022
IMF agrees to lend Kenya $447 million for budgetary support
The IMF noted that Kenya’s economy remains stable and projects it to grow by 5.3 per cent this year despite a challenging global environment but warned that climate-related risks are elevated in the medium-term.
12/20/2022
Tier-1 banking stocks lift equity market by N53bn
Market breadth closed negative as nine stocks advanced, while eight others declined.
12/19/2022
FG Raised N3.06trn from Bond Market in 2022, Records 53.2% Oversubscription
The debt office eventually allocated N1.84trillion to investors despite mixed interest rates.