Linkage Assurance Plc, a Nigerian insurance company listed on the Nigerian Exchange Group, has been assigned a long-term issuer credit rating of ‘B+’ by AM Best, a globally recognised credit …
Finance & Services
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Rand Holds Firm as Ramaphosa-Trump Meeting Overshadows South Africa’s 2025 Budget
South Africa’s currency, the rand, remained largely stable on Thursday despite political tension triggered by a controversial encounter between President Cyril Ramaphosa and U.S. President Donald Trump, which took the …
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AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesGlobal NewsInnovationNewsNigeria
UBA Emerges Nigeria’s Strongest Brand in 2024 Brand Finance Ranking
United Bank for Africa Plc (UBA) has been named the strongest Nigerian brand in the 2024 Brand Finance ranking, moving up from 9th place last year to the top spot. …
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BusinessEconomyFinance & ServicesGOVERNMENTInsuranceINVESTMENTNewsNigeria
IGI Pays Over N1.8bn in Insurance Claims, Targets Higher Payouts in 2024
Industrial and General Insurance Plc (IGI) has announced that it paid more than ₦1.8 billion in claims to policyholders over the past year, reaffirming its commitment to rebuilding public trust …
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BusinessEconomyEnergyFinance & ServicesInnovationINVESTMENTNigeria
Nigeria’s Winock Solar Named Africa’s Fastest-Growing Energy Company by Financial Times
Nigerian renewable energy firm Winock Solar has been named Africa’s fastest-growing energy company, according to the 2025 Financial Times list of Africa’s Fastest-Growing Companies. The firm announced the milestone on …
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Banking, Finance & InvestmentCyber securityDigital EconomyFinance & ServicesNigeriaTechnology
CBN Moves to Modernise Anti-Money Laundering Rules with AI, Gives Banks 12 Months to Comply
The Central Bank of Nigeria (CBN) has released a draft document to modernise how banks and other financial institutions fight money laundering. In a circular dated May 20, 2025, the …
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Banking, Finance & InvestmentEconomyFinance & ServicesGhanaInternational RelationsPoliciesWestern Africa
Ghana and Afreximbank Clash Over $768 Million Debt Restructuring
Ghana is currently embroiled in a significant dispute with the African Export-Import Bank (Afreximbank) concerning the restructuring of a $768.4 million debt. This disagreement has emerged as a critical issue …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesINVESTMENTKenyaNews
Standard Chartered Kenya Posts KSh20 Billion Profit Despite Drop in Assets
Standard Chartered Bank Kenya has reported a net profit of KSh20 billion for the 2024 financial year, showing a 45 percent increase compared to the KSh13.8 billion it made in …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesINVESTMENTKenyan NewsNewsTANZANIA
KCB Group Reports KSh16 Billion Net Profit in Q1 2024 Despite Higher Loan Provisions
Kenya Commercial Bank (KCB) Group has announced that it made a net profit of KSh16 billion in the first quarter of 2024, which is the same amount the bank made …
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Business and EconomyEconomyFinance & ServicesINVESTMENTMarketsReal Estate
How Rising Interest Rates Are Shaping Africa’s Property Market in 2025
For property developers, investors, and aspiring homeowners across Africa, the fluctuating landscape of interest rates is a critical barometer for market health. As central banks across the continent grapple with …