Latest African Financial News on Financial Business & Investment

Browsing: Finance

Looking for up-to-date Business and Financial News in Africa? Footprint2africa offers the most recent Business and financial news in Africa; Business and financial news Africa.

Finance

Nigeria: NSE’s indices sustain sliding profile, down by N234 billion

By Footprint to AfricaMarch 16, 2018

Transactions on Nigerian Stock Exchange (NSE) closed on a negative note extending losses from the previous session, as virtually all the highly capitalised stocks depreciated in…

Banking

Nigeria: Stanbic IBTC Posts N212.4b Gross Earnings, 70% PAT

By Footprint to AfricaMarch 16, 2018

Stanbic IBTC Holdings Plc has recorded gross earnings of N212.4 billion and Profit After Tax (PAT) of N48.4 billion for the 2017 financial year. Specifically, the…

Finance

Rating Agencies Are Pleased With South Africa, Says Nene

By Footprint to AfricaMarch 14, 2018

All three major sovereign credit rating agencies had given SA’s February budget a positive reception, while also welcoming the recent political changes, Finance Minister Nhlanhla Nene…

Finance

South Africa: Sanlam’s Acquisition of Saham Finances Makes it Africa’s Largest Non-Bank Financial Services Provider

By Dennis LukhobaMarch 14, 2018

South African insurance company, Sanlam Limited is celebrating its $1billion corporate acquisition of Saham Finances, a leading North Africa headquartered insurance firm. The acquisition, subject to…

Finance

Nigeria: Stock Market Reopens Bearish Forcing Indices Down By N105b

By Footprint to AfricaMarch 13, 2018

Following price losses suffered by most blue-chip companies, transactions on the trading floor of the Nigerian Stock Exchange (NSE) yesterday reopened on a downward note, as…

Finance

Ghana’s Central Bank Licenses 319 Microfinance Firms

By Thomas MooreMarch 13, 2018

The Central Bank, in responding to challenges in the microfinance sector, has released a list of certified microfinance companies to help customers make informed choices. The…

Economy

Kenya: Calls For Rate Cap Review Lift Investor Confidence In Bank Stocks

By Footprint to AfricaMarch 9, 2018

Calls for rate cap review is pushing bank stocks up on the Nairobi Securities Exchange (NSE), as investor’s confidence rebound. The calls to repeal the Banking…

Finance

Kenya: Government Deal With IMF Set To Raise Cost Of Loans

By Footprint to AfricaMarch 9, 2018

The Kenyan government has promised the International Monetary Fund (IMF) a repeal of the interest rate capping law, leaving consumers in a cloud of uncertainty over…

Finance

Kenya: Britam Set to Lay off 100 Staff in Cost-cutting Exercise

By Footprint to AfricaMarch 9, 2018

Financial services group Britam is set to lay off 100 staff in a bid to cut costs. The firm said on Wednesday that it was implementing an…

Finance

Mastercard Acquires Mobile Payments Firm Oltio to Accelerate Digital Payments Adoption in Africa

By Dennis LukhobaMarch 7, 2018

Multinational financial services firm, Mastercard has completed its acquisition of mobile payments technology company, Oltio from Standard Bank Group, one of South Africa’s largest financial…

Browsing: Finance

Nothing Found!