South African financial services firm, Alexforbes, has declared a final and special dividend after winning the first phase of a legal battle involving a long-standing liability. The company, led by …
Banking, Finance & Investment
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Finance & ServicesGOVERNMENTINVESTMENTPolicies
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BusinessEconomyEnergyGlobal NewsGOVERNMENTInfrastructureINVESTMENTSouth Africa
Transformation Is Key to South Africa’s Economic Growth – BLSA CEO
Chief Executive Officer of Business Leadership South Africa (BLSA), Busisiwe Mavuso, has said that South Africa’s economic future depends heavily on transformation and continuous reforms. She made this known in …
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BusinessEconomyEntrepreneurshipFinance & ServicesINVESTMENTNigeriaTechnology
Gbenga Magbagbeola Charts New Path for Nigerian Investors as He Leads Sycamore Asset Management
Gbenga Magbagbeola, the new Managing Director of Sycamore Investment and Asset Management Limited, says his firm is taking a fresh approach to tackle problems that have made investing difficult for …
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AfricaDigital EconomyGOVERNMENTINVESTMENTPoliciesTechnologyTrade and Commerce
FG Partners Itana to Attract Global Tech Investors and Boost Digital Trade in Nigeria
The Federal Ministry of Industry, Trade and Investment has signed a fresh agreement with Itana, Nigeria’s first government-licensed digital economic zone operator. The aim is to boost digital trade, create …
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AfricaBanking, Finance & InvestmentBusinessFinance & ServicesLeadershipNigeria
Ecobank Group Elevates Nigerian Finance Executive Ayo Adepoju to Board as Group Executive Director
The Board of Directors of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced the appointment of Nigerian-born finance expert, Ayo Adepoju, as a Group Executive …
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BusinessEconomyFinance & ServicesINVESTMENTLeadershipNewsNigeria
Trustfund Pensions Declares 55 Kobo Dividend as Profit Rises 48% in 2024
Trustfund Pensions Limited has declared a dividend of 55 kobo per share for the 2024 financial year after recording strong financial growth across key performance indicators. The company made this …
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Banking, Finance & InvestmentBusinessFinance & ServicesInnovationINVESTMENTSouth AfricaTechnology
Capitec Becomes South Africa’s Biggest Bank by Market Value, Overtakes Standard Bank
Capitec Bank has overtaken some of South Africa’s oldest and biggest financial institutions to become the country’s most valuable bank by market capitalisation. The bank, which was founded in 2001 …
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AFRICA NEWSBanking, Finance & InvestmentEconomyFinance & ServicesInternational RelationsZAMBIA
Zambia Confirms Afreximbank Loan is Commercial, Begins Talks to Restructure It.
Zambia has confirmed that its loan from the African Export-Import Bank (Afreximbank) is a commercial loan and not concessional. The country’s Secretary to the Treasury, Mr. Felix Nkulukusa, made this …
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BusinessHealthcareInternational RelationsINVESTMENTNigeriaTechnologyWestern Africa
Roche Diagnostics Launches Nigerian Office to Boost Healthcare Access in West Africa
Swiss healthcare company, Roche Diagnostics, has opened a new office in Nigeria to improve access to innovative healthcare and boost diagnostic services in the country and across Anglophone West Africa. …
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Banking, Finance & InvestmentBusiness PoliciesEconomyMarketsNigeriaPolicies
Naira Appreciates to ₦1,553.11/$ Amid BDC Recapitalisation Drive
The Nigerian Naira continued its steady upward trend in the official foreign exchange market on Thursday, June 6, closing at ₦1,553.11 per dollar, as reported by the Central Bank of …