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Finance

Julius Berger Nigeria Grows Profit by 142%

By Footprint to AfricaJune 21, 2019

Julius Berger Nigeria Plc on Thursday announced that it made a profit of N6.1bn in 2018, up from the N2.5bn recorded in the preceding year. It…

Finance

WorldRemit Targets Cameroon’s Unbanked Population with New Cash Transfer Services

By Dennis LukhobaJune 20, 2019

WorldRemit, a leading online money transfer service, has announced plans to reach out to Cameroon’s unbanked population. The move comes at a time when an estimated…

Finance

Nigeria Rules Out a Return to Eurobond Market in 2019

By Footprint to AfricaJune 19, 2019

The Nigerian Government has confirmed it has no plans to return to the Eurobond market this year, after a sixth outing in November raised $2.86bn, the…

Finance

AfricInvest Acquires Stake in East African Insurer Britam

By Footprint to AfricaJune 16, 2019

Private Equity (PE) firm AfricInvest has spent another Sh273 million to acquire an extra 32.5 million shares in insurance group Britam whose stock it has been accumulating…

Finance

Naveah Capital Insurance Agency representatives with Nairobi Securities Exchange officials at the annpuncement ceremony_2

Naveah Capital Insurance Agency Joins Nairobi Securities Exchange’s ‘Ibuka’ Company Development Program

By Dennis LukhobaJune 15, 2019

Naveah Capital Insurance Agency, a Kenya-based insurance company, has joined an ambitious initiative dubbed the Ibuka program. Ibuka which roughly translates to ‘Remember’ in the Swahili…

Finance

WorldRemit Launches New Product Linking UK Businesses to Kenya, Ghana, and South Africa

By Dennis LukhobaJune 13, 2019

Leading digital money transfer service, WorldRemit has launched a new product that will allow Kenyan entrepreneurs and contractors selling goods and services to small and medium-sized…

Finance

Bank of Tanzania cuts reserve requirement to boost lending

By Footprint to AfricaJune 11, 2019

Bank of Tanzania announced that it will cut the proportion of deposits banks must maintain as reserves to 7 percent from 8 percent as of July 1,…

Finance

Ten Nigerian stockbroking companies trade shares worth 534 billion in five months

By Footprint to AfricaJune 10, 2019

In the first five months of the year, ten stockbrokers traded 39.09 billion shares, worth 537.966 billion naira, representing or 55.31 percent of the total shares traded…

Finance

MTN launches Africa’s first Mobile Money Artificial Intelligence platform

By Footprint to AfricaJune 9, 2019

MTN announced that it has launched the first Mobile Money (MoMo) artificial intelligence service in Africa. The telecoms company said it developed the artificial intelligence service…

Finance