07/25/2022
Africa Prudential declares 142% growth in assets FY21
The statement noted that total liabilities stood at N29.49bn, a 322 per cent YTD increase compared to N6.99 billion as at FY 2021.
Alternative Investments
07/25/2022
Despite FG Borrowing, Experts Assures on Pension Fund Safety
The National Pension Commission (Pencom), in its defense went into battle of convincing and reassuring them on the safety of their funds by denying the reports.
07/22/2022
Kenyan VC firm FrontEnd Ventures unveils fund to back local founders
The take-off for the fund has been rapid, and it has just closed its initial $1 million to help Kenyan founders secure the early-stage funding that often eludes most of them, despite the country being among the top four investment destinations in Africa.
07/22/2022
Access Holdings Leads Tier-1 Banks with Largest Customer Base
The banking subsidiary of Access Bank in 2017 had 9 million customer base and in 2018, it increased to over 10 million.
07/20/2022
South Africa’s rand is undervalued for now
Even though it is trading above our fair-value range, cyclically, we prefer to maintain a weakening bias.
07/20/2022
IFC bets big on Kenyan banks
The IFC has recently committed $2 billion towards financing MSMEs in Africa, seeing them as the fundamental for delivery of essential services, job creation, and reducing poverty.
07/15/2022
Allianz Pledges Commitment to Insurance Growth in Nigeria
“We have the expertise, we have the experience, we have the technology and we have the right quality and quantity of manpower to make a difference”
07/14/2022
South Africa’s Transnet signs $1.5 bln loan with international banks
Africa Finance Corporation, African Export-Import Bank and Bahrain-headquartered Ahli United Bank were involved in the syndicated loan transaction alongside Deutsche Bank.
07/13/2022
South Africa offering ‘under-appreciated companies trading at favourable prices’
The result is that its current equity exposure can be viewed in three primary buckets, each likely to benefit in different environments.
07/12/2022
‘Ecobank is intent on being the preferred trade bank in sub-Saharan Africa’
As the disruption of global supply chains brings to light the need to develop regional trade corridors and increase intra-African trade, Ecobank’s Group Head of Trade explains how the pan-African bank is working to meet its customers’ needs fo
07/12/2022
Africa’s real estate gets $1.2b investment
This has resulted in a shift towards economic diversification and countries in the East African region providing more economic stability than others.
07/12/2022
Former banker finds fortune in real estate
The entrepreneur is banking on the rapidly rising fortunes of the area, a hot piece of real estate cake, to grow his business.
07/11/2022
Basic income grant coming for South Africa: agency
“This and higher compensation would only be partially offset by savings elsewhere. Initially, this could be compensated by high current revenue, but could imply a further weakening of expenditure ceilings as a fiscal anchor.”
07/07/2022
‘Africa insurance market value at $75.3bn in 2021’
He further said that the statistics on the region highlight the point that there are varied data in respect of insurance in the areas of gross premiums, insurance penetration, insurance density, among others.
07/07/2022
Five new partners join PwC Nigeria
PwC is a network of firms in 156 countries with over 295,000 people delivering quality in assurance, advisory and tax services.
07/07/2022
Old Mutual to acquire stake in UAP Uganda life business
“The final capital structure and shareholding in UAP Old Mutual Life Uganda Limited will be published once all regulatory and statutory filings are completed.”
07/05/2022
Sigma Pensions Restates Commitment to Customers, Surpasses Minimum Capital Requirement
Sigma Pensions in a statement noted that as of 31 December 2021, its capital requirement was pegged at N5.5 billion which surpassed the required N5 billion minimum operating capital requirement stipulated by National Pension Commission (PenCom).
07/05/2022
UK investment giant sees big opportunities in South Africa
South Africa’s economy is back at the size it was before the pandemic struck, after expanding 1.9% in the three months through March, a potential boost for the financial sector.
07/04/2022
Value of 14 Banks’ Stocks Tumble by N134bn on Investors’ Apathy
Notably, the Banking index is the second-worst performing sector index after the insurance index on the NGX.
07/01/2022
Old Mutual championing alternative investment agenda in Malawi
The company also has Infrastructure Fund which has 20 percent shares in Malawi Towers Limited