05/19/2022
South Africa a step closer to new ‘full service’ state-owned bank
The Postbank is currently a subsidiary of the Post Office and only offers transactional and savings accounts.
Alternative Investments
05/19/2022
Citi eyes Africa supply chain finance boost with support from British International Investment
BII and Citi have agreed to set impact criteria to ensure that flexible capital is being directed toward underserved groups
05/19/2022
Access Bank set sell its pension custody business to First Pension
The Group released a statement signed by the company secretary, Sunday Ekwochi and filed with the Nigerian Exchange Limited.
05/19/2022
Bronwyn Knight: Mauritius offers attractive growth prospects in specialist real estate sub-sectors
With Africa rapidly urbanising, we are cognisant of our role in transforming the design of buildings and developments for long-term sustainability.
05/18/2022
Old Mutual unit becomes MetroFibre Networx’s biggest shareholder
The deal was completed after the approval of the regulator, the Independent Communications Authority of South Africa (Icasa).
05/18/2022
AIO President Seeks Improved Insurance Penetration in Africa
According to him, this shows the weakness of our industry, and the vast potentials to be exploited.
05/18/2022
Allianz still reviewing details of Jubilee partnership deal
For now the focus is on business as usual.
05/17/2022
CIEL Limited delivered a solid performance across its diversified portfolio in the nine months ended 31 March 2022
The Group upheld its tight cost control and business optimisation measures
05/17/2022
FBN Holdings Calms Nerves Amid Agitations for FY 2021 Results
These issues have prompted an appetite for the financial statements of the organisation, with the delay in releasing them causing people to ask questions.
05/16/2022
Nine banks’ non-performing loans rise, hit N814bn – Reports
Access Bank in 2021 reported N181.5bn NPL by value, representing an increase of 4.3 per cent from the N161.2bn it recorded in 2020
05/13/2022
EBRD supports the development of Morocco’s capital market
After launching the first “green bond” in the Moroccan banking sector in 2016, BOA remains innovative in its sustainable and inclusive finance instruments.
05/13/2022
CMA licenses three fund managers as African Alliance drops investment banking
“The investment bank notified the Authority of its intention to cease operation of their Investment Bank activities"
05/13/2022
African Development Bank Group, Ethiopia sign agreements
The agreements will support agro-industrial park, youth employment and Ethiopia-Djibouti power interconnection
05/13/2022
Cameroonian billionaire, Alain Nkontchou, increases investment in Ecobank to N3.58bn
The Cameroonian’s investment in the financial institution is now worth N3.58 billion.
05/12/2022
Rehma Imrith, IQ-EQ: Mauritius is a connector between Asian private investments and African markets
Mauritius already plays a pivotal role by facilitating impact investments on the continent.
05/10/2022
Johannesburg Stock Exchange first to market with trading analytics platform
JSE Explorer uses peer group rankings to allow trading firms to examine their market share and analyse how they interact with the order book.
05/10/2022
15 things to know about offshore investing
There are now very few barriers to entry for those wishing to externalise their funds
05/10/2022
FBN Insurance records N38.6b gross premium
Ojumah said the company, considered as a fringe player at inception in 2010 has risen to become one of the top two life insurers in the country.
05/10/2022
AXA Mansard records N28.64bn quarterly premium
It stated that its operating expenses rose by one per cent to N2.54bn from N2.52bn in March 2021
05/09/2022
MIREME Launches $5 Million Fund to Expand Usage of Natural Gas Vehicles
The creation of this fund responds to the Government’s goal of boosting the value chain of national primary products