08/02/2022
Nigerian Equity Market Rebounds By N379bn
Multiverse Mining & Exploration followed with a gain of 9.94 per cent to close at N1.88, while UCAP rose by 9.90 per cent to close at N11.10 per share.
Alternative Investments
08/01/2022
FBN Holdings records N359.2bn gross earnings in 6 months
The Group remains committed in its transformation drive, which has resulted in stronger balance sheet and better asset quality with non-performing loans closing at 5.4 per cent at H1 2022.
08/01/2022
The property trend among South Africa’s middle class – despite economic pressure
Goosen said the latest TransUnion Consumer Pulse Study for the second quarter of this year showed that 56% of consumers said they were likely to default on at least one of their bills and loans in the next three months.
08/01/2022
Sanlam pledges commitment to Ghana’s market
Mr Majal pledged Sanlam’s commitment to Ghana, and the importance of the West African market to Sanlam.
07/29/2022
Banks, OPS brainstorm on synergy for economic growth
The need for the two sectors to work closely cannot be overemphasised. ACAMB is therefore reaching out to secure the participation of relevant speakers at the conference,
07/29/2022
RMB Nigeria Supports Dangote Industries Limited in Landmark Corporate Bond Issuance
The Series 1 bond offer comprised of Tranche A: 7-year and Tranche B: 10-year, Senior Unsecured Fixed Rate Bonds.
07/29/2022
African Development Bank and African Guarantee Fund sign $110 million agreement with Tanzania’s CRDB Bank to boost access to finance by women’s SMEs
Similarly, the African Guarantee Fund has signed a guarantee line to CRDB Bank worth $50 million.
07/28/2022
10 more states to benefit from World Bank’s $500m project
"The aim is to return children back to school in these parts of the country, especially the girl child whose education has been severely impacted by insecurity."
07/28/2022
Investment schemes cut property allocation 58pc
The regulations have led to a shift to more liquid assets.
07/26/2022
The ‘real’ value of the rand right now, according to the Big Mac Index
The Big Mac is selected for comparison as the popular fast-food meal is widely available and remains fairly consistent in pricing; however, it is by no means an exact measure.
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.
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