African markets

Hantec Financial expands into African markets with new global business opportunities

By Edlyn Cardoza Today Africa Financial assets Financial services Hantec Financial, under Hantec Group, has officially announced its ongoing global expansion into Rwanda. Hantec offers its prestigious financial services and opens the door to new global business opportunities. Hantec, with over 30 years of experience and authorized with 12 regulatory licenses, is constantly exploring opportunities […]

African markets

Zimbabwe: Nedbank floats on the Victoria Falls Stock Exchange

NEDBANK Zimbabwe will officially list this Friday on the Victoria Falls Stock Exchange (VFEX), becoming the first financial institution to trade shares on the exchange denominated in foreign currencies. VFEX is a subsidiary of the Zimbabwe Stock Exchange (ZSE) and was launched in 2020 as an overseas-oriented financial services hub, as part of efforts to […]

African markets

Hantec Financial set to continue global expansion into African markets

HONG KONG, SAR, November 22, 2022,-/African Media Agency (AMA)/- Hantec Financial, an award-winning brand of Hantec Group, has officially announced its ongoing global expansion into Rwanda. Hantec offers its prestigious financial services and opens the door to new global business opportunities. Globally regulated and offering a diversified financial service Hantec, with over 30 years of […]

African markets

Nigeria: Cement companies report widespread foreign exchange losses

The Nigerian industrial sector accessed $4.4 billion from the Central Bank of Nigeria (CBN) to finance its import bills between January and June 2022, which represents almost half of the total amount disbursed by the apex bank. to seven sectors during the same period. This is according to CBN sectoral currency usage data, seen by […]

African markets

Zimbabwe: Meikles seeks nod for delisting from London Stock Exchange

By Kudzai Kuwaza | Zimbabwe press day Published: November 15, 2022 4:50 p.m. Diversified group listed on the ZIMBABWE Stock Exchange (ZSE) Meikles Limited (ZSE: MEIK, LSE: MIK) says it is seeking shareholder approval to withdraw from the London Stock Exchange (LSE). The proposal will be among the key issues to be discussed at the […]

African markets

As Zambia imposes zero rates on equipment imports, could other African markets follow suit?

In October 2022, Zambia announced that it would apply a zero rate to imports of telecommunications equipment in a bid to encourage investment in the country’s ICT sector, which the government considers essential for job creation. and the economic development of the market. The move could prove prudent, as Zambia seeks to follow […]

African markets

Ghana’s inflation rate reaches 40.4% in October 2022

By Oubah Jérémie Ifeanyi | Nairametry Published: 09 November 2022 18:17 Ghana’s Statistical Service reported that its inflation rate rose to 40.4% for the month of October 2022 as the cost of goods and services continued to rise in the West African country. Ghana’s inflation rate for the month of September was 37.2%, suggesting that […]

African markets

Fitch Revises Egypt Outlook to Negative; Confirms at ‘B+’

Fitch Ratings has revised the outlook for Egypt’s long-term foreign currency issuer default (IDR) rating from stable to negative, and affirmed the IDR at ‘B+’. Main rating factors Weakening liquidity, funding risks: The revised outlook to negative reflects Egypt’s deteriorating external liquidity position and reduced prospects for bond market access, leaving the country vulnerable to […]

African markets

Zimbabwe Stock Exchange announces first REIT in November

Tigere Property Fund is set to become Zimbabwe’s first listed Real Estate Investment Trust (REIT) after publishing its prospectus and announcing public listing dates last week on Friday, October 28. It comes after the Securities and Exchange Commission approved Tigere REIT in July this year. The REIT is duly licensed by the Securities and Exchange […]

African markets

Radisson expands African markets

Earlier this year, Radisson Hotel Group announced that it had exceeded its half-year growth target in Africa with exciting new openings and market entries in business and leisure destinations. This puts the group on track to meet its targets of adding 150 hotels on the continent over the next five years, making it one of […]

African markets

AfDB steps up its response to climate change – African Markets

The Board of Directors of the African Development Bank (AfDB) Group has decided to amend the Multi-Donor Agreement of the African Climate Change Fund (ACFC), in order to broaden its scope and increase its responsiveness. “The changes to the Africa Climate Change Fund, approved by the Governing Board, will enable the AfDB to support the […]

African markets

OPEC Secretary General in Angola at GBS 2022 – African Markets

Recognized for his extensive experience in the energy and petroleum sectors both in Kuwait and internationally, the new Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), HE Haitham Al Ghais, will attend this year at Angola Oil & Gas (AOG) Conference and Exhibition 2022, which will take place on November 29, 30 […]

African markets

The ninth episode of Channel + Africa is now airing – African markets

After a forced absence, due to technical problems on the server, Mercados Africanos returns to its usual publications and, what better way to start again, than with this ninth Great Interview of our YouTube Channel, +Africawith M. Ricardo BernardDirector of SECOM at the Brazilian Embassy in South Africa. In this interview, among other very interesting […]

African markets

African markets reject global slowdown

Despite global financial difficulties, Africa’s major financial markets have steadily improved… Despite the global financial woes, Africa’s major financial markets have steadily improved, according to a new report. However, there is still work to be done if they are to capitalize on their opportunities. The depth and quality of African financial markets have improved slightly […]

African markets

ZimTrade targets African markets. – The standard

The national trade development and promotion organization, ZimTrade, is stepping up its efforts to improve the visibility of Zimbabwean products in regional markets. To achieve this, ZimTrade organizes several activities aimed at creating strong links between Zimbabwean exporters and buyers in markets across Africa. As part of the annual ZimTrade Exporters Conference, scheduled for October […]

African markets

Ninety years of blaming sterling turmoil on the malice of foreigners, African markets are building resilience in a challenging environment, and more

Ninety years of blaming sterling turmoil on the malevolence of foreigners By Meghnad Desai and David Marsh British Prime Minister Liz Truss and her allies say the turmoil in the government securities market and the resulting increases in mortgage costs are the fault of Russian President Vladimir Putin and the Federal Reserve. Rather than blaming […]

African markets

ZimTrade targets African markets -Newsday Zimbabwe

ZIM TRADE FOREIGN’s trade promotion agency, ZimTrade, says it is stepping up its efforts to improve the visibility of Zimbabwean products in regional markets. In a statement released yesterday, ZimTrade said it was organizing more activities to create stronger links between Zimbabwean exporters and African markets. As part of the annual ZimTrade Exporters Conference scheduled […]

African markets

ZimTrade targets African markets. – The Zimbabwe Independent

The national trade development and promotion organization, ZimTrade, is stepping up its efforts to improve the visibility of Zimbabwean products in regional markets. To achieve this, ZimTrade organizes several activities aimed at creating strong links between Zimbabwean exporters and buyers in markets across Africa. As part of the annual ZimTrade Exporters Conference, scheduled for October […]

African markets

African markets are building their resilience in a challenging environment

African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, reveals the OMFIF’s Absa Africa Financial Markets Index 2022. Although difficult market conditions weighed on the index’s performance, 19 of the 26 countries improved their scores compared to last year. This is largely due to widespread […]

African markets

The Ghanaian cedi has fallen by 72% in 10 months

The Ghana cedi has lost 72% of its value against the US dollar since the start of the year. At the time of writing this article, USD/GHS was trading around 1/10.45. This indicates a 45% drop in 6 months. Although Ghana’s central bank raised its interest rate to a record 24.5% in an effort to […]

African markets

FinTechs drive digital finance in small African markets

In the technological transformation of payments, it is often the smallest economies that are the last to modernize. At the same time, international payment rails and currency infrastructure tend to focus on the most widely used currencies before moving on to smaller, more obscure markets. In emerging economies across Africa, the lack of attention from […]

African markets

Angola and Brazil strengthen cooperation in the oil sector – African markets

The National Petroleum, Gas and Biofuels Agency (ANPG) and the National Petroleum, Natural Gas and Biofuels Agency of Brazil (ANP) signed, this Wednesday in Rio de Janeiro, a cooperation agreement for regulatory and inspection programs for exploration, development and production activities. According to an ANGP note to which ANGOP had access, the signing took place […]

African markets

AfDB Provides Funds to Cameroon – African Markets

The African Development Bank Group (AfDB) is making new funds available for the pursuit of two major projects in Cameroon: the Project for the Development of Access Roads to the Industrial and Port Zone of Kribi (PARZIK, first phase ) and the Yaoundé Sustainable Rainwater Sanitation Complementary Project (PCADY). Agreements The loan agreements were signed […]

African markets

Kenyan Kipchoge Breaks World Record – African Markets

Kenyan Kipchoge Breaks World Record – African Markets Kenya’s two-time Olympic champion Eliud Kipchoge broke his personal best and set a new world record in the Berlin Marathon on Sunday, September 25, 2022. This is the first Berlin Marathon held without restrictions after the onset of the COVID-19 pandemic. 19. marathon Around 45,527 runners from […]

African markets

Voting starts today – African Markets

The voting portal for the 2022 edition of the All-Africa Music Awards (AFFIRM) opened today, Sunday, September 25, 2022, to the public, to nominate winners in each of the 39 categories. All African music lovers are invited to vote intensively through the live voting portal at www.AFRIMA.org, from today until the portal closes on December […]

African markets

The Woman King, the film about African Amazons – African Markets

Sony Pictures Entertainment’s ‘The Woman King’, which portrays the warriors of the kingdom of Dahomey, present-day Benin, in the 19th century, starring Viola Davis in the lead role, has grossed $19 million in box office sales. tickets on its launch day. At least 25% more than analysts had predicted. The film tells the true story […]

African markets

Today, September 21, is the International Day of Peace – African Markets

Today is the International Day of Peace, proclaimed by the United Nations. Let us remember the noble words of his Letter of 1945 to save us “from the scourge of war”. Thus, the work of generations of politicians, diplomats and security forces has been framed by the dogma that war is always bad and peace […]

African markets

Web3 technology company Reltime enters Southern African markets that could reach over $80 billion in revenue by 2025

Innovative and inclusive strategic partnership to empower people and businesses while accelerating and leading the eruption of Web3 and Metaverse fintech in the region OSLO, NORWAY, Sept. 21, 2022 /EINPresswire.com/ — Oslo and Johannesburg, Sept. 21, 2022— Reltime, the global Web3 and Metaverse fintech for good business, has entered the important markets of Southern Africa […]

African markets

PALOPs finally freed from the death penalty – African Markets

In an unexpected twist, Teodoro Obiang Nguema Mbasogo, the president of Equatorial Guinea, sanctioned a new penal code and abolished the death penalty. Thus, PALOPs are exempt from the death penalty. The fact that Equatorial Guinea still has the death penalty in its penal code was one of the reasons that led to its entry […]

African markets

German e-commerce leader Novomind conquers Asian and African markets

The e-commerce industry is expected to reach between $5.5 trillion worldwide in 2022 and over $7 trillion by 2025. With such room for growth, online businesses must keep up with the rapid development of solutions technologies that can improve e-commerce. shopping experience for customers: chatbots that can help shoppers, artificial intelligence (AI) to help online […]

African markets

African Youth Matching Competition – African Markets

The Global Center on Adaptation, the African Development Bank and the Climate Investment Fund have launched a call for applications for the second edition of the Young African Adaptation Solutions Challenge (YouthADAPT). Young entrepreneurs aged 18 to 35 are invited to present their business project via the official presentation portal. Twenty winners will each receive […]

African markets

AfDB receives $5 million against methane emissions – African markets

The US government has announced a $5 million grant to support the African Development Bank in tackling methane emissions. This funding will help achieve the goals of the Global Commitment on Methane in Africa. The information was provided by the US presidential special envoy for climate, John Kerry, who announced the funding at the meeting […]

African markets

UBA consolidates its expansion beyond African markets

United Bank for Africa (UBA) Plc Group Managing Director/Managing Director Oliver Alawuba said the bank is well placed to lead the African banking market and increase capital inflows into Nigeria. Mr. Alawuba said as much during the visit of the new executives of the bank to the headquarters of the Nigerian Exchange Limited in Lagos. […]

African markets

An Egyptian consortium from the Gulf acquires 89% of the shares of Domty

By Fatma Salah | Daily News Egypt Published: September 15, 2022 5:12 p.m. OPR screens revealed on Wednesday that around 97% of target stocks had responded to an offer from Expedition on Arab food industries (Domty) of 93 million shares out of approximately 96.18 million shares in recent tender offering sessions, representing approximately 32% of […]

African markets

Nigeria loses top spot to Angola – African Markets

Nigeria is no longer Africa’s largest crude oil producer. This is according to the latest monthly production report from the Organization of the Petroleum Exporting Countries (OPEC). The top spot now belongs to Angola, which pumped 1.17 million barrels per day of oil in August, more than the 1.13 million barrels per day produced by […]

African markets

AfDB Appoints 5 Women Executive Directors – African Markets

The African Development Bank (AfDB) has appointed five women as Executive Directors for a three-year term. A total of 12 new chief executives have been appointed, according to a memo accessed by African Markets. Thus, the number of women on the executive board, which was three, now increases to five, in a council composed of […]

African markets

Kenya: Tourism revenue doubles as arrivals increase by 91%

By Elisabeth Kivuva | Business Daily Africa Published: 09 September 2022 22:59 Tourism revenue more than doubled in the eight months to August as the sector continued to recover from a slump over the past two years, despite 2022 being an election year. According to Tourism Secretary Najib Balala, the sector recorded 167.10 billion shillings […]

African markets

Brazil celebrates 200 years of independence – African Markets

The Bicentenary of Brazilian Independence is celebrated this year on September 7, completing 200 years from the date that began Brazilian independence, which was September 7, 1822, when the event known as ” Grito do Ipiranga”, on the banks of the Ipiranga stream, located in the current city of São Paulo. On October 12, 1822, […]

African markets

Microsoft appoints Kunle Awosika as General Manager – African Markets

The Nigerian, Kunle Awosika, has been appointed administrative director of Microsoft’s African Transformation Office (ATO). In this role, Awosika will leverage his in-depth knowledge of the business environment to develop and drive the company’s investments in digital infrastructure, skills, small and medium enterprises (SMEs) and startups. Kunle Awosika Kunle has a history of leadership, innovation […]

African markets

Africa is a key region for sustainability – African Markets

“Africa has the capacity to move towards sustainable development and its integration into the global economy will overcome many of the current obstacles.” UN Under-Secretary-General Amina Mohammed said she was in Tunisia for the 8th Tokyo International Conference on African Development. young continent According to Mohammed, the international community must change its perception of Africa […]

African markets

2,500 Relocated Animals – African Markets

Zimbabwe has started moving more than 2,500 wild animals from one southern reserve to another in the north of the country to save them from drought, as the ravages of climate change replace poaching as the biggest threat to wildlife . Some 400 elephants, 2,000 impalas, 70 giraffes, 50 buffaloes, 50 wildebeests, 50 zebras, 50 […]

African markets

International Day for People of African Descent – African Markets

Celebrated on August 31, the date was approved during debates on the International Decade for People of African Descent; UN Secretary-General condemns “rooted and systemic” discrimination; member of the Permanent Forum for People of African Descent explains progress in self-recognition and historical redress. the first celebration The United Nations marks August 31 as the International […]

African markets

Today is the International Day Against Nuclear Testing – African Markets

The International Day Against Nuclear Testing is seemingly an irrelevant event, but its significance is linked to fear of weapons proliferation and concerns about the use of nuclear energy. For years nuclear tests were carried out in the open air, until today it is not known what the true impact of the radioactive contamination on […]

African markets

The 1st prize gives 5 million – African Markets

Found the first billionaire of the Dangote’s third promotion, “Bag of Goodies”. Mamza Joshua Abba from Abudja received the N5 million prize. The award ceremony took place on Wednesday August 24, 2022 at Adamawa Plaza in Abuja. In addition to the first prize of 5 million won by Mamza Joshua Abba, Ozoemna Stella, Ayodele Oshoba, […]

African markets

The liberation holiday glow has passed – African Markets

This week’s election in Angola was a key test for the political parties that led five southern African nations to independence through armed struggle and are still in power to this day. Enquanto or ruling MPLA apparently won the 2022 elections with just 51.07% of valid votes, the party that has ruled the country since […]

African markets

Russia targets African markets with agricultural products

There has been a lot of discussion and controversy recently over the swapping of debts owed to China for $8 billion with strategic Egyptian assets of ports and airports. Which may not be well understood by some, and given my specialization in Chinese affairs, I have tried to analyze Chinese debts and lending arrangements to […]

African markets

Endangered African Migratory Birds – African Markets

African migratory birds are threatened with extinction due to changing weather conditions in the central and eastern parts of the continent which have depleted natural water systems and caused devastating drought. Hotter and drier conditions, due to climate change, are making life difficult for migrating species who are losing their water sources and breeding grounds, […]

African markets

West Africa is drowning in plastic – African Markets

The sewers of Accra, the capital of Ghana, are so full of waste, especially plastic bottles, that every rainy season causes massive flooding. In 2015 there was a flood so intense that more than 200 people died. A government report, written after the flooding, identified that drainage (sewage) was poor and that floating rubbish, mainly […]

African markets

Microfuse The African Computer from Uganda – African Markets

Ugandan engineers have developed the Microfuse, a “stick” device designed to make computing and computers accessible to all Africans, especially those dealing with erratic power supplies. The device, which consumes little energy, is currently being tested in a school on the outskirts of Kampala. The Microfuse Microfuse is already considered a small revolution. The computer […]

African markets

Central Bank of Namibia raises repo rate to 5.50%

By Namibia Economist Published: August 17, 2022 6:01 p.m. The central bank’s Monetary Policy Committee (MPC) decided to raise the repo rate by 75 basis points, from 4.75 to 5.50%. “The decision has been taken in consideration of continuing inflationary pressures and is deemed appropriate to preserve the one-to-one link between the Namibian dollar and […]

African markets

Tanzanian economy grows 5.4%

Despite the fallout from war in Ukraine and the lingering impact of Covid-19, Tanzania’s economy grew by an impressive 5.4% in the first quarter of 2022. This puts the country on track to meet its growth target of 4.7% for 2022. Initially, the government set itself the goal of increasing economic output by 5.5%. However, […]

African markets

Election Opponents Trade ‘Treats’ – African Markets

An electoral campaign in Angola is marred by exchanges of insults between the main candidates. At the end of the third week of the electoral campaign, the MPLA and UNITA exchange “treats”, with João Lourenço, president of the “comrades”, accusing the leader of the opposition, Adalberto Costa Júnior, of having received money stolen from Angola […]

African markets

Central Bank of Rwanda raises lending rate to control inflation

The National Bank of Rwanda (BNR) has raised the policy rate from 5% to 6% in a bid to stem rising inflationary pressures, while preserving consumers’ purchasing power. The policy repo rate is the fee at which the central bank lends to commercial banks. The higher the rate, the more likely it is to reduce […]

African markets

Only Africa decides its energy future – African Markets

Africa is divided. On the continent there is talk of a clean energy transition, however, former Nigerian President Olusegun Obasanjo has said that African countries cannot be forced to follow the unrealistic ideals of the North, for an economy powered exclusively by renewable energy. Obasanjo Stance In the midst of a global oil and gas […]

African markets

Kenyan stock market wins 32 billion shillings amid tight presidential race

The stock market reopened after the general election recess on Wednesday with a gain of 31.8 billion shillings, with preliminary results showing a close race between opposition leader Raila Odinga and vice president William Ruto. Twenty-four of 63 listed stocks posted gains on Wednesday while seven counters lost value as local investors continued to take […]

African markets

GE Foundation announces $100,000 donation to South Africa – African Markets

The GE Foundation announced the donation of US$100,000 to South Africa to support flood relief efforts and fund FoodForward SA’s efforts to help vulnerable communities. the gift To celebrate Mandela Day and highlight the food security situation, the GE Foundation announced a donation of US$100,000 to support relief efforts in the KwaZulu-Natal region of South […]

African markets

Cape Verde helps Gambia fight malaria – African Markets

The Gambia would like to know Cape Verde’s experience in the elimination of malaria, since it is only in the pre-elimination phase of this disease, which mainly affects African countries. The Gambia visit The Minister of Health, Arlindo do Rosário, received his Gambian counterpart, Ahmadou Lamin Samateh, who is in Cape Verde on an official […]

African markets

Kenya: Listed companies increase dividend to 130 billion shillings

Dividend payout by all Nairobi Stock Exchange (NSE)-listed companies hit a record 130.3 billion shillings in their respective last fiscal years as profits recovered from the impact of the Covid scourge -19. That was a jump of 53.5% from the total payout of 84.9 billion shillings a year earlier, marking a sharp drop that shook […]

African markets

Kenya: KCB targets Equity with the acquisition of a bank of 15 billion shillings in the DRC

KCB Group agreed to acquire a majority stake in a major bank in the Democratic Republic of Congo for an estimated 15 billion shillings, opening a new battlefront with Equity Bank in the vast, mineral-rich Central African country. KCB, which already has operations in Rwanda, Burundi, Tanzania, Uganda and South Sudan, said it had reached […]

African markets

Tonito, author of “Monangambé” has left us – African Markets

Musician and composer Tonito Fortunato died on Monday August 1, 2022 in Lisbon. With his death, Angolan culture is much poorer. He leaves to posterity themes such as “Monangambé”, “Undengue Uami”, “Canto Evocativo”, “Mariquinha” and “Engraxador” which have become classics of Angolan popular music. With more than 40 years devoted to music, he became a […]

African markets

The nominees of the AWIEF – African Markets Awards are already known

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the finalists for the 2022 awards. The prestigious annual AWIEF Awards recognize, honor and celebrate women entrepreneurs and business leaders in Africa across a range of industry sectors. The price Now in its sixth edition, the prestigious annual AWIEF Awards recognize, honor and celebrate African […]

African markets

African markets show solid growth in real premium income in 2021 – Businessamlive

Insurance and pension affairs 17 hours66 views0 comment BY PHILLIP ISAKPA Data on insurers’ premium income in 2021 compiled by the Swiss Re Institute shows that many African markets saw very comfortable real premium growth last year. For example, five out of nine countries in Africa saw real growth of at least 7% in premium […]

African markets

AEC to generate dialogue at EuraAfrican Forum – African Markets

The African Energy Chamber (AEC) will boost the dialogue on energy transition, climate change and digitalisation, during the EuraAfricain Forum, through its Executive Chairman who will participate in a session on energy transition, climate change and digital transformation in Europe and Africa’s energy scenarios. AEC, is the voice of the African energy sector and its […]

African markets

Increase in Kenya’s share of exports to African markets

Columnists Increase in Kenya’s share of exports to African markets Wednesday, July 13, 2022 An Empire Kenya tea worker packing for auction and export in this photo taken August 5, 2020. PHOTO | LABAN WALLOGA | NMG Kenya is set to outrun the waves of the Covid-19 pandemic in terms of economic recovery, according to […]

African markets

Safaricom launches interest-free loans for the purchase of goods

Safaricom (NSE: SCOM) has unveiled a zero rate credit service that will allow millions of its customers to buy goods for up to 100,000 shillings and pay later, which is expected to disrupt the mobile loan market. Users of the interest-free product known as Faraja will purchase goods and services from 20 shillings up to […]

African markets

How trade and investment are on the rise in Africa

By Michael Gary Published: 05 July 2022 16:26 Investor-led and casual trade has been on the rise for several years across the world, but now it’s really picking up in Africa and its 54 countries. Different types of trade are gaining traction in different ways, and of course there are differences between countries. Here are […]

African markets

Kenya’s economy surpasses pre-pandemic levels in first quarter

Kenya’s economy has rebounded above pre-pandemic levels, with gross domestic product (GDP) growing by 6.8% in the first quarter of this year. Latest data from the Kenya National Bureau of Statistics (KNBS) shows that GDP grew by 2.7% last year and 4.4% in 2020 thanks to the recovery in transport, food and services. The sectors […]

African markets

Diversified retailer CA Sales lists on the Johannesburg Stock Exchange

The JSE, Africa’s largest stock exchange, today listed CA Sales Holdings Limited to its main board, offering South African investors exposure to the fast-moving consumer goods (FMCG) company with a footprint in several southern African countries. CA Sales was first incorporated in South Africa in 2011, later expanding its wings to Botswana, Swaziland, Namibia, Lesotho, […]

African markets

Why Russia and Ukraine Compete for African Markets

Ukraine has pleaded with African countries not to buy grain and fertilizer allegedly stolen by Russia. Ukraine said that without the support of Africa as a market, its economy would suffer irreparable damage. AU leaders reluctantly engaged with Ukrainian President Zelensky. While Africa is heavily dependent on Ukraine and Russia for its food security, both […]

African markets

Honoris United Universities seeks Western level of education in new African markets

The company aims to enter new markets over the next year, Kakon said at the Africa CEO Forum in Abidjan. The aim is to expand access to “a standard western education in Africa”, she says. African universities are looking to embrace online learning after Covid-19 disrupted face-to-face teaching and travel bans curbed student mobility. According […]

African markets

Morocco’s participation in AFRICA’S BIG 7 reflects its commitment to African markets (Ambassador)

MOROCCO, June 20 – Morocco’s participation in the AFRICA’S BIG 7 exhibition, which took place from June 19 to 21 in Johannesburg, testifies to the eminent voluntarism and commitment of national operators to African markets with high growth potential. , said Sunday the ambassador of the Kingdom to South Africa, Youssef Amrani. “These markets are […]

African markets

KCB Group takes 77% stake in merged Rwandan lender

KCB Group took a 77% stake in BPR Rwanda, the subsidiary resulting from the merger of KCB Bank Rwanda and Banque Populaire du Rwanda (BPR). The Nairobi Stock Exchange listed company previously owned 100% of KCB Bank Rwanda. It acquired a 62.06% stake in Banque Populaire du Rwanda (BPR) last year for a total cost […]

African markets

Botswana: Bank profits up in the first quarter

By Msgi online Published: June 13, 2022 5:15 p.m. The country’s commercial banks recorded collective profits after tax of P529.6 million in the first three months of the year, an increase of more than P77 million compared to the corresponding period in 2021. The latest figures from the Bank of Botswana released recently indicate that […]

African markets

Elon Musk’s Starlink rollout poses a familiar paradox in African markets

If all goes as planned, the people of South Africa, Nigeria, and Mozambique, who probably made the $99.00 deposit with great gusto and excitement, would have the full Starlink gear in their possession before the end of the year. Starlink is one of many lunar shots that Elon Musk, today’s richest man and admired serial […]

African markets

FEDCOC launches missions to develop exports to Arab and African markets

The General Federation of Chambers of Commerce (FEDCOC) headed by Eng. Ibrahim El-Araby, President of the General Federation of Chambers of Commerce and President of the Federation of African Chambers of Commerce and Industry, in cooperation with the Federation of African Chambers of Commerce and Industry, will launch a group of trade missions in African […]

African markets

Stanchart leaves five African markets

COMPANY | STANDCHART | MARKET CLOSURE The British banking group Standard Chartered plans to withdraw from five African countries and some countries in the Middle East. According to the statement dated May 6, 2022 issued to certain customers, the bank says the changes are aimed at “focusing and simplifying” their presence in Africa and the […]

African markets

Nigeria’s central bank raises benchmark interest rate to 13%

By Xinhua Published: May 25, 2022 5:15 p.m. (Xinhua) — Nigeria’s apex bank on Tuesday raised its benchmark interest rate to 13 percent, the first hike in more than two years. The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points to tackle rising inflation in Africa’s most populous country, […]

African markets

Uber crosses the milestone of one million trips in its African markets

Uber has announced that it has completed 1 billion trips in all its markets in Africa. This feat translates to more than 10 billion kilometers in terms of distance covered. The milestone comes nearly a decade after the mobility technology company set up shop on the continent in Johannesburg, South Africa. It has since established […]

African markets

The case of Ghana Eurobonds

Eurobonds denominated in USD have become the darlings of the African investor. Nigeria and Ghana are among the most requested Eurobonds. Nigeria, with a low debt-to-GDP ratio of 34.98%, offers strong returns with relatively low risk to capital. Ghana offers extremely high yields alongside a scorching debt-to-GDP ratio of 78% (March 2022) from 80.1% in […]

African markets

Arms sales: India attacks African markets

Attempting to tap Africa’s large arms market, a Ministry of Defense delegation comprising representatives of major private manufacturers is visiting Tanzania at the end of this month to explore export opportunities for military products and seek a strategic cooperation. The trip, scheduled for May 30, which will be the third recent visit to Africa after […]

African markets

How African markets are embracing new trends to prepare for the future

Since the onset of Covid-19, financial markets around the world have been plagued by challenges and African markets have not been immune to these headwinds, says Jeff Gable, Head of Macro Research and fixed income securities at Absa Group. We have seen rising interest rates, growth hampered by slow vaccination campaigns and volatile commodity prices. […]

African markets

Flexential® Announces Partnership with Angola Cables to Strengthen Connectivity to African Markets

The extension of the MONET cable to Fort Lauderdale is a significant step forward for international connectivity. Tweet that Upgrades to the MONET cable connecting the UNITED STATES at Latin AmericaSubmarine cables are the key to international connectivity. The old Google Cable only connected São Paulo, Brazil at Boca Ratonbut recent upgrades to MONET Cable […]

African markets

Sanlam and Allianz join forces to create the African insurance giant

sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across the Africa to create the largest pan-African non-banking financial services entity on the continent. This combination means that […]

African markets

Belgium becomes largest coffee market in Kenya

Belgium overtook America as Kenya’s top export market for coffee for the first time in a decade. The European nation imported Kenyan coffee worth 6.5 billion shillings in the year to June 2021. That was almost double what it bought the previous year, surpassing the United States as the first buyer of the drink. The […]

African markets

USGC: Workshop promotes ethanol blending in African markets

By US Grains Council | May 03, 2022 In cooperation with the African Refiners and Marketers Association, the US Grains Council recently hosted a forum with African industry players and government officials to discuss finished fuel standardization, the path to domestic production and a case study of specific markets […]

African markets

Jamaica Stock Exchange partners with Ghana Stock Exchange

The Jamaica Stock Exchange (JSE) has entered into a partnership with the Ghana Stock Exchange (GSE), which will see the capital markets of Jamaica and Ghana expand their products and services to investors in both countries. This is facilitated by a Mutual Recognition Memorandum of Understanding (MOU), which was signed by representatives of both entities […]

African markets

Digital Assets and African Markets

Financial market volatility Getty Opportunities to invest in Africa have been missed in every cycle as investor fear of the unknown outweighs market fundamentals and clear signs of growth. While there is certainly risk and volatility in African markets, it is often not calculated or approached in the same way as risk and volatility in […]

African markets

Ghana’s economy grew by 5.4% in 2021 – ESG

Ghana’s economy grew by 5.4% in 2021, much more than the 0.4% recorded in 2020, a period during which the COVID-19 pandemic severely affected the global economy. Without oil, the economy recorded a Gross Domestic Product (GDP) growth rate of 6.9% According to a provisional estimate by the Ghana Statistical Service, only 10 countries in […]

African markets

Cooperation with African markets could boost the fashion industry

VIETNAM, April 18 – A production line at Tiên Hưng Garment and Textile JSC in the northern province of Hưng Yên. Trade relations between Việt Nam and Africa had not matched its prospects, especially in the fashion industry. — Photo VNA/VNS Phạm Kiên HÀ NỘI — Although there has been significant growth in recent […]

African markets

Standard Chartered Bank exits major African markets

Standard Chartered Plc announced the start of a strategic move to completely exit certain markets in Africa and the Middle East. The bank in a statement said the markets are Cameroon, Gambia, Angola, Zimbabwe, Sierra Leone and two other markets in the Middle East. The global banking group said the planned exits will allow it […]

African markets

Kenya Airways secures another 36.6 billion shillings government bailout

The Treasury will offer Kenya Airways (ENS: KQ) another bailout of 36.6 billion shillings during the year beginning in July as part of efforts to support the national carrier as it recovers from the Covid-19 travel crisis. The allocation, contained in budget documents tabled in parliament, comes weeks after MPs approved a 20 billion shilling […]

African markets

UK’s Standard Chartered to exit 5 African markets

The UK banking group Standard Chartered is planning to exit Angola, Cameroon, Gambia, Sierra Leone and Zimbabwe. It will also leave its consumer, private and small business banking operations in Tanzania and Côte d’Ivoire, focusing instead on corporate, commercial and institutional clients. Standard Chartered will refocus its Africa and Middle East franchise on what it […]

African markets

Standard Chartered Bank withdraws from 7 African markets

(Agence Ecofin) – For Standard Chartered Bank, the exit will allow the group to focus on the most profitable markets. The release schedule and potential buyers have yet to be revealed. The British banking group Standard Chartered Bank announced on Thursday, April 14, its plan to sell part of its activities. According to the press […]

African markets

Standard Chartered leaves several African markets

Standard charter leaves six African countries and closes its consumer banking operations in two others to focus on more profitable markets. The bank announced that it would close its operations in Angola, Cameroon, Gambia, Jordan, Sierra Leone and Zimbabwe as well as in Lebanon. It will also cease offering retail and corporate banking services in […]

African markets

EFG Hermes Concludes Opinion on DEWA’s $6.1 Billion IPO

By Arab finance Published: April 13, 2022 5:11 p.m. The investment banking division of EFG Hermes Holding (HRHO) has completed its notice of the Dubai Electricity and Water Authority’s (DEWA) $6.1 billion initial public offering (IPO) on the Dubai Financial Market (DFM), according to an emailed press release April 12. The transaction follows EFG Herme’s […]

African markets

African Markets – Factors to Watch April 12

World map with charts and graphs as symbols of global finance NAIROBI, April 12 (Reuters) – The following corporate announcements, forecast economic indicators, debt and currency market movements and political events could affect African markets on Tuesday. EVENTS: Uganda’s central bank is due to publish its benchmark rate for the next two months. The rate […]

African markets

Lemonade Finance expands to seven new African markets

By Kester Kenn Klomegah For the second round this year, the Russian Chamber of Commerce and Industry and the Coordinating Committee for Economic Cooperation with African Countries (AfroCom) brought together business leaders, urging them to look at the African market with great interest and to work more systematically and regularly. The African market is competitive […]

African markets

Lemonade Finance expands to seven African markets

African diaspora-focused fintech startup Lemonade Finance has expanded user transaction options to Senegal, Ivory Coast, Benin, Cameroon, Tanzania, Rwanda and Uganda. Initially, users could only send money to Nigeria, Ghana and Kenya at affordable rates on the Lemonade Finance platform. The new extension provides users with more alternatives to transact across countries. Ridwan Olalere and […]

African markets

Zimbabwe: Dairibord targets the South African market

Dairibord Holdings intends to start exporting to South Africa as it seeks to increase its exports and generate more foreign exchange needed for key imported raw materials and equipment. The group’s chief executive, Antony Mandiwanza, told an analyst briefing on Wednesday that the group aims to drive more products to cash sales as suppliers now […]

African markets

itel Home, a new resolution to dominate African markets, families

In what looks like a positioning effort to domesticate itel brands to further appeal to African markets, itel has announced itel Home, a concept that showcases its new and improved product portfolio of smartphones, TVs, mobile accessories and home appliances. to consumers across the country. The brand continues to prioritize giving its customers control, functionality, […]