Banking, finance and investment news across Africa: bank results, monetary policy, capital markets, fund flows and investment deals.
ASO Savings & Loans Plc has posted a modest profit after tax of ₦89 million for the financial year ended December 31, 2023, a slight improvement from the ₦85 million …
Global credit rating agency Fitch Ratings has once again affirmed Stanbic IBTC Holdings PLC at an ‘AAA(nga)’ rating, maintaining the top-tier national long-term rating with a stable outlook. This marks …
JOHANNESBURG, South Africa – June 9, 2025: The South African rand opened the week on a quiet note, holding steady against the U.S. dollar in early trading on Monday. The …
LAGOS, Nigeria – Stakeholders have stressed the urgent need for massive infrastructure development across Africa to drive sustainable economic growth, job creation, and industrial competitiveness. This position was made known …
Homebase Mortgage Bank has received a major financial injection of N3.5 billion from the Ministry of Finance Incorporated (MOFI) under the Real Estate Investment Fund On-Lending Facility (MREIF). The move …
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 …
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 …
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 …
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 …
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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