05/27/2022
FBNH reports 99.86% growth in PAT for FY 2021
Other operating income spurs earnings
Alternative Investments
05/26/2022
S.Africa's central bank flags inflation as major risk to domestic financial system
"South Africa remains vulnerable to spillover effects of global events, particularly the Russia-Ukraine war and global stagflation concerns,"
05/26/2022
Pre-budget consultations: Representatives from Mauritius Bankers Association, Mauritius Finance, and Insurers’ Associations meet with Finance Minister
In a statement after the meeting, the Chairperson of Mauritius Finance, Mr Shahed Hoolash, underlined that they had submitted budgetary proposals to the Finance Minister in advance.
05/25/2022
3 tech trends to gain traction in banking and investment in 2022
These trends will continue to grow over the next two to three years, contributing to growth and transformation of financial services organisations.
05/25/2022
AfricInvest closes its largest African midcap-focused fund raising over $400mln
Already closed three deals in Ghana, Kenya and Morocco
05/24/2022
Meridian Commodities Ltd Complete First Debt Raises on the Stock Exchange of Mauritius
Meridian’s Treasury team is led by Steve Bezuidenhout and Andre Bruyns who have played a key role in accessing this source of funding.
05/24/2022
African entrepreneurs call for more investment in local energy startups
Last year, African startups attracted a record $5.2 billion in venture capital — more than the preceding seven years combined.
05/23/2022
S&P lifts South Africa’s outlook to ‘positive’
The government said it welcomes the decision to revise the country’s credit rating outlook to positive from stable
05/20/2022
Private sector records growth as PMI hits 56%
It stated that “Marked and accelerated expansions in output and new orders helped drive a pick-up in growth in the Nigerian private sector during April.”
05/20/2022
Access Holdings Plc to acquire majority stake in First Guarantee Pension Limited
The notice said the National Pension Commission and the Central Bank of Nigeria had given their “no objection” to the transaction, the completion of which is subject to the receipt of all required regulatory approval.
05/19/2022
Office and retail sparkle in South Africa, Investec says
Investec Property Fund may dispose of its 65% stake in a pan-European logistics portfolio as rising property values and falling rental yields create an exit opportunity.
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.
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.