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Finance

Experts say Value Added Tax increase will depress price of stocks on the Nigerian Stock Exchange and increase transaction costs

By Footprint to AfricaMarch 25, 2019

Capital market experts said the implementation of an increase in Value Added Tax (VAT) would further depress stock price and increase transaction costs on the Nigerian…

Finance

International Monetary Fund to release final tranche of 185 million under ECF programme with Ghana

By Thomas MooreMarch 22, 2019

Ghana is expected to receive the last disbursement under its 4-year Extended Credit Facility (ECF) programme with the International Monetary Fund, following a final review. The…

Finance

Acting Director General of the Securities and Exchange Commission (SEC), Mary Uduk

Nigeria’s Securities Exchange Commission and stakeholders partner to seek pro-capital market measures in national budget

By Footprint to AfricaMarch 20, 2019

The Securities and Exchange Commission (SEC) has partnered with capital market stakeholders to urge the Nigerian government to accelerate market growth by introducing pro-capital market measures into the…

Finance

Access Bank secures 15 billion naira green bond issuance deal

By Footprint to AfricaMarch 20, 2019

Access Bank said it has secured the issuance of a five-year fixed rate senior unsecured 15 billion naira green bond, which is the first ever climate bonds standard…

Finance

Zimbabwe seeks to raise $350 million by selling shares in state-owned firms

By Footprint to AfricaMarch 20, 2019

Zimbabwe’s Finance Minister, Mthuli Ncube said as part of economic reforms being pursued by the government, there are plans to raise $350 million from selling shares in five state-owned…

Finance

Ghana: Domestic tax revenue exceeds target

By Thomas MooreMarch 18, 2019

Ghana mobilised an amount of GH¢24.4 billion in 2018 from taxes, thus exceeding its target for the year, the country’s tax authority has said. The amount,…

Finance

Jumia files for Initial Public Offering in New York

By Footprint to AfricaMarch 14, 2019

Jumia, an African e-commerce company of German start-up investor Rocket Internet, announced that it has filed for a New York initial Public Offering (IPO), which could value the…

Finance

JP Morgan says mobile money in Nigeria could be worth 25 rand per share to MTN

By Footprint to AfricaMarch 13, 2019

JP Morgan, an American multinational investment bank and financial services company headquartered in New York City, said mobile money services in Nigeria could boost MTN’s valuation by 25…

Finance

Alibaba’s AliExpress signs deal with Safaricom’s M-Pesa

By Footprint to AfricaMarch 13, 2019

Safaricom, a listed Kenyan mobile network operator headquartered in Nairobi, announced it had secured a deal to use its M-Pesa mobile payment service for online shopping on…

Finance

The Institute of Chartered Accountants of Nigeria shares plans to use software robotics and artificial intelligence to enhance members efficiency

By Footprint to AfricaMarch 12, 2019

The Chairman of Institute of Chartered Accountants (ICAN) Lagos Mainland and District Society, Reverend Olatunde Ayadi, disclosed plans to employ software robotics, Artificial Intelligence (AI), and blockchain…

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