Latest News for: African financier

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GTCO, UBA Top Others as Most Profitable Lenders by RoE in 2023FY

This Day 24 Jun 2024
The Pan-African financial institution in 2023 performance reported N757.7billion profit before tax, an increase of 277 per cent from N200.9 billion in 2022, while its profit after tax ...
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Under developing African countries should establish their own credit rating agencies – Prof. Agbloyor

Ghana Business News 23 Jun 2024
This, he said, when done, would make it possible for more companies to issue bonds that could help develop the local financial markets, enable African countries to reduce costs of borrowing and increase access to capital markets.
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Point of view: Young South African loan defaults drop, says Experian

Independent online (SA) 22 Jun 2024
According to the (CDIx) for Q1 2024, there is a complex picture for young South Africans, highlighting the need for increased access to responsible credit and enhanced financial literacy.
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Africa’s financing gap continues to widen, says latest Mo Ibrahim Foundation report

Sierra Leone Telegraph 22 Jun 2024
... a radical reboot of the current multilateral financial system, an African-owned growth and development model as well as reconciling development and climate goals to avoid a ‘crowding out’ effect.
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Ghana encouraged to bid for 2026 African Athletics Championships

Business Ghana 22 Jun 2024
Ghana is expected in the next few days to put in a bid to host the 2026 African Athletics Championships, reports Rosalind K ... The scope of hosting the continental track and field competition is not as enormous as the African Games.
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CORRECTION – Nigeria: African Development Bank and Infrastructure Credit Guarantee Company Limited sign $15 million ...

Capital Ethiopia 22 Jun 2024
Lamin Barrow, Director General of the African Development Bank’s Nigeria Country Department, and Chinua Azubike, CEO of InfraCredit, signed the agreement in Lagos on 14 June 2024 ... African Development Bank Group ... African Development Bank.
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How offshore investments in property can support your children’s future

Independent online (SA) 22 Jun 2024
In the face of unstable local markets, South African parents wanting to provide their children with a strong financial legacy, are taking their investments offshore.
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Regional authorities need to shore up banking sector competition

Independent online (SA) 21 Jun 2024
“Southern African region’s financial sector faces financial challenges that include liquidity issues, debt distress, limited access to financial services, high levels of informality and regulatory constraints.
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Savings challenges and opportunities for South Africans

Business Day 21 Jun 2024
A significant topic of discussion at the webinar (watch the recording below) was the concept of “black tax” — the financial responsibility many black South Africans bear to support their extended families and communities.
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African Energy Week (AEW) 2024 to Drive Investment in African Energy, Announces Second Speaker Lineup

Capital Ethiopia 21 Jun 2024
As such, the African Energy Week (AEW) ... Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy.
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Fitch reaffirms Long-Term Issuer Default Rating for Afreximbank at ‘BBB’, with Stable Outlook

Capital Ethiopia 21 Jun 2024
... culminated in robust financial performance ... African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade.
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Nigeria: African Development Bank and Infrastructure Credit Guarantee Company Limited sign $15 million agreement to ...

Capital Ethiopia 21 Jun 2024
Lamin Barrow, Director General of the African Development Bank’s Nigeria Country Department, and Chinua Azubike, CEO of InfraCredit, signed the agreement in Lagos on 14 June 2024 ... African Development Bank Group ... African Development Bank.
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3Sixty Life curatorship rolls on past deadlines amid mounting delays

Independent online (SA) 21 Jun 2024
The process has been worsened by the transfer late last year of Doves Funeral Services’ underwriting business to African Unity Life following delays, including the finalising of the 2020 annual financial statements.
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The ANC, the European project, coalitions and the economy

Independent online (SA) 21 Jun 2024
... financial institutions, have become the ideological apparatuses for dispossessing Africans, but also deepening foreign and local European interests in SA to the detriment of the majority.
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CHRISTIAN BWAKIRA: Mobile money and cards work together to connect Africa and the world

Business Day 21 Jun 2024
Mobile money has exploded across African economies as an enabler of financial inclusion by bringing large swathes of the population who remain unbanked into the fold to participate in economies across the continent.
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