Tag: Africa

The Assets Recovery Authority is conducting a complex money-laundering investigation into Flutterwave. Until now, it was unclear whether the company ...

Telkom, the number three South African telecommunications operator has enjoyed a positive response to news that it plans to spin ...

Wednesday’s delay on the Johannesburg Stock Exchange meant investors in Naspers, the biggest shareholder in Tencent, were unable to immediately ...

The United Nations Conference on Trade and Development (Unctad) report shows foreign direct investments (FDI) into Africa fell by $7 ...

South Africa is set to officially embrace cryptocurrency trade and investment laws, with its financial and capital markets regulators predicting ...

The World Bank has suspended a $100 million payment to the Democratic Republic of Congo that was meant to support ...

On Monday, President Joe Biden expected to sign an executive order to impose a ban on most non-U.S. citizens entering ...

The African Export-Import Bank has mobilised $1 billion for an adjustment facility to offset revenue losses for countries that lower ...

The South African Reserve Bank (Sarb) left the repurchase rate (repo rate) unchanged at 3.5 percent as inflation is expected ...

Best solutions stand a chance to walk away with between Kshs. 1 million and Kshs. 4 million in the final ...

The current provisional trade data up to August 2020 shows Kenya’s exports were valued at 34.9 billion shillings while imports ...

The Bank was recognized amongst 14 African banks in the list that consisted of banks from 112 countries globally. KCB ...

Following three consecutive weekly advances, global stocks declined modestly during the week. The news flow was dominated by headlines around ...

However, according to a report by the firm , only Tanzania took up its full share of 8% while Kenya ...

Davis & Shirtliff plans to use the new facility to increase the company’s network to 70% coverage across Kenya and ...

Safaricom led the movers, with 29 million shares worth Kes.866M exchanging hands at a fairly stable price of Kes.30.00; this ...

In Riyadh, Arabian Centres gains as much as 2.5% after it announced the opening of an extension of a mall ...

Albert Sigei, CEO CIMERWA Plc, explained that this will be an opportunity for investors to gain exposure into the attractive ...

In addition, some of the small businesses will be offered a market of their products by the government.

Japanese stocks posted gains for the week. The Nikkei 225 Stock Average advanced 406 points (1.8%) and closed at 22,696.42

Secondary trading on the Bond market at the Nairobi bourse witnessed improved activity with bonds worth Kes.14 billion transacted compared ...

Secondary trading on the bond Market at the Nairobi Securities Exchange registered reduced activity with bonds worth Kes.9.0 billion transacted ...

The pan-European STOXX Europe 600 Index ended the week 1.89% lower, with major European indexes mixed. Germany’s DAX Index declined ...

When you go to the market to borrow money, the market is looking at your current and past behavior

Safaricom Plc recorded a 1.48% share price appreciation to Kes.30.90, up from Kes.30.45 registered the previous week with shares worth ...

Last year, African Alliance announced the closure of its Ugandan brokerage business, citing low market activity

The African Development Bank established its Social Bond framework in 2017 and has raised the equivalent of $5.5 billion through ...

The benchmark NSE All Share Index (NASI) inched up during the week,gaining 2.70 points this week to close at 142.88, this ...

Shares in Europe surged as countries eased lock-down restrictions and the European Central Bank (ECB) injected fresh stimulus into the ...

While an industrial revolution was already in progress, the pandemic has accelerated the process and created even more complications for ...

The hold in the Central Bank Rate was supported by inflation stability with inflation rate at 5.6% in April. Going ...

News of a possible vaccine for the corona virus by Moderna Inc pushed markets higher at the start of the ...

Equity turnover at the Nairobi Securities Exchange closed the week with a relative growth in value in terms of shares ...

The benchmark NSE All Share Index (NASI) closed at 140.87, representing a 1-week gain of 0.84%, a 4-week gain of ...

In each of the next three years, Kenya will need to repay on average 1.7% of GDP in external principal ...

The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades ...

The NSE All Share Index closed at 139.69, which represented a 1-week gain of 2.88%, a 4-week gain of 5.89%, ...

Gold demand will continue to feel the effects of COVID-19 for the rest of 2020. In particular, the divergence between ...

That brings the total easing since November to 200 basis points, with the rate now the lowest since September 2011

The Nairobi Securities Exchange closed the week on a high note with 134 Million shares valued at Kes.4.3 Billion against ...

The sharp downward revision is driven by a massive decline in Asian economies, led by China and India which are ...

There is not much expectation about the current quarterly earnings season and the disappointment seems to be already factored into ...

The spot market remains volatile and will likely decline further without adequate measures by the government such as economic stimulus ...

Kenyan government has less fiscal room to support the economy compared to many of its peers and the country's credit ...

The rating action follows the downgrade of the bank's ultimate parent, South Africa-based Standard Bank Group Limited (SBG), to 'BB'/Negative ...

Fitch expects Kenya's general government debt to continue rising through FY22 to reach about 70% of GDP. This is higher ...

Wednesday’s cascade that sent technical analysts back to the charts in search of lines of defense that might emerge should ...

The trend could follow in emerging markets with a high exposure in India, South Africa and Nigeria. The European markets ...

counters that are currently trading on cum-dividend are likely to maintain their trading positions at these levels.

Greatest health impact has been in advanced economies, but emerging market and developing countries, especially low-income countries, will be hard ...