09/20/2021
TrustBanc Closes Third Tranche of N10 bn Debt Issue
UCML Capital Limited, United Capital Plc and Emerging Africa Group, acted as dealers on the transaction.
Alternative Investments
09/20/2021
ABSA Advocates Social Investment Plan from Oil and Gas proceeds
He advised that considering the overt contribution of the oil and gas sector to the African economy, a strategic approach to the adoption of cleaner energy is advisable.
09/17/2021
SA needs more investment, but govt's bucket has holes in it - Nedbank chief economist
Weimar explained that economic growth usually comes from four sources of demand, namely consumer spending (about 60% of SA's GDP), fixed investment, government spending and exports.
09/17/2021
Access Bank Plc Successfully Launches $500m Senior Unsecured Eurobond With Record Oversubscription
The net proceeds of the Eurobond will provide medium term funding and help to enhance the capacity of the Bank to support its general banking purposes.
09/17/2021
Unity Bank, others fund N15.5bn equipment for Julius Berger
“Unity Bank will continue to provide support to such projects as we have been doing in other critical sectors of the economy such as agriculture.”
09/17/2021
Standard Chartered Launches Flexible ‘Smart Business Loan’ Product To Support SMEs
Idoru said that the bank was constantly looking for ways to ensure SMEs get access to the needed support to enable their businesses to thrive.
09/16/2021
FirstRand ends funding of new-coal fired power stations with immediate effect
While South Africa’s largest banks are reducing their exposure to activities that pollute the environment, they have set differing time-lines to take into account the nation’s reliance on coal.
09/16/2021
Another downward leg for inflation by FBNQuest Capital
Nigerian economy to grow by up to 3% this year
09/15/2021
African Development Bank approves a $50 million Multinational Trade Finance Risk Participation Agreement facility for Standard Chartered Bank
The parties will share the default risk on a portfolio of eligible trade transactions originated by African Issuing Banks and indemnified by Standard Chartered Bank.
09/15/2021
CBN projects three per cent GDP growth
Reflective of the confidence in its payment system, he said, between 2015 and 2020, close to $500m worth of funds had been invested in firms run by Nigerian founders.
09/15/2021
MUFG partners with Invest Africa, the leading trade and investment platform, to support Africa's sustainable recovery
It has been estimated that the pandemic has pushed up to 40 million people in Sub-Saharan Africa into extreme poverty with limited to vaccines undermining a return to growth.
09/14/2021
Montfort Group enters East African market by acquiring Kencor Petroleum Limited in Kenya
This acquisition marks Montfort's strategic entry into East Africa, one of Africa's major markets
09/14/2021
Africa Finance Corporation Plans $500 Million Infrastructure Climate Resilient Fund under newly created asset management division, AFC Capital Partners
AFC Capital Partners will enhance our firepower in driving integrated infrastructure solutions that are core to Africa’s development in the post-Covid era
09/14/2021
Silverstreet Capital achieves attractive returns fixing African agricultural value chains
Supply chain issues continue to mar the African agricultural sector not only because of an increase in demand as the continent’s population grows but also because of weaknesses in the supply chain.
09/14/2021
Africa Finance Corporation Plans $500 Million Infrastructure Climate Resilient Fund under newly created asset management division, AFC Capital Partners
The ICRF will act as a direct investor and a co-investment fund to enhance the quality of African ports, roads, bridges, rail, telecommunications, clean energy, and logistics in the face of rising temperatures and sea levels due to climate change.
09/13/2021
Renaissance Capital holds its 12th Annual Pan-Africa Investor Conference, featuring a specialist Nigeria Tech / Fintech Day
The conference proceeded with a panel discussion on ‘Navigating an economic recovery amid a pandemic’ with Tobias Rasmussen, Resident Representative in Kenya, IMF, and Dr Hassan Mahmud, Director, Monetary Policy Department, Central Bank of Nig
09/10/2021
3 retirement and pension changes South Africans should keep an eye on: economist
While the proposal was always likely to be a non-starter, Schultz said it magnifies the ongoing debate and disagreement on this matter within cabinet.
09/10/2021
UNDP Africa Business Map
Asoko Insight and the United Nations Development Programme (UNDP) invite your company to the Africa Business Map, where we discover the continent's best corporate contributors to the SDGs.
09/09/2021
Mozambique Seeks New National and Foreign Investors in Multiple Sectors
InsurTech Marshmallow has raised $85m as part of its Series B funding round – making it the UK’s latest tech unicorn.
09/09/2021
African Real Estate Sector Sees Winds of Change For 2023
The businessman doesn’t stop there.