Moody's Projects Growth Of Islamic Banking In Africa
Islamic banking asset of the total African banking is expected to rise to above 10 per cent in the next five years from the current below 5 per cent. Moody’s [...]
ARM Cement to Auction Kigali Plant to Pay Off Creditor
ARM Cement’s Kigali plant will be auctioned for the second time to pay off a debt. The troubled Kenyan-based cement company halted the first auction through a court injunction after [...]Kenya Records 68% Growth in Guest Arrivals through Airbnb Listings
According to a recent report by Airbnb, the year-on-year growth in guest arrivals in Africa is strong in countries like Kenya at 68 per cent, South Africa at 65 per [...]Fragile Institutions Conflict Blamed For Increasing Poverty In Sub-Saharan Africa.
A new World Bank report indicates that poverty levels have decreased to an all-time low, with only 10 per cent of the world’s population living below $1.90 a day by [...]EFG-Hermes Purchases Nigerian Brokerage as it Scales Operations in Frontier Markets
Egypt’s EFG-Hermes purchased Nigerian brokerage and research house Primera Africa Securities Limited in July this year as part of its strategy to scale operations in Asian and African frontier markets. [...]Nigeria's Central Bank to Fine Banks $28 for Each Failed or Delayed Electronic Transfer
The Central Bank of Nigeria (CBN) will from October 2, 2018, start fining banks $27.5 for each failed instant payment to other banks not reversed to a customer’s account within [...]Bharti Airtel Picks Citi, UBS JP Morgan to Coordinate London IPO
India’s telecom company Bharti Airtel has picked UBS, Citi, and JP Morgan to coordinate an initial public offering (IPO) in London for its African business according to sources knowledgeable on [...]Talent Shortage Looms In The Insurance Sector- Data Shows
The insurance sector in Africa may continue suffering from a shortage of employee in the future if recent data is anything to go by. The data from Audit Firm PricewaterhouseCoopers [...]EA Based Pharmaceutical firm AK Life Sciences Acquired by Carlyle Group
AK Life Sciences (Abacus) has been acquired at an unknown price by American multinational private equity firm Carlyle Group, which will now own the majority stake in the company. The [...]High Cost of Data In Africa Hindering Digital Innovation
East African countries continue to enjoy the cheapest data even as other African countries struggle with high data cost. The region currently enjoy 1 Gigabyte of data for below $10 [...]African Nations Should Buy a Stake in Ethiopian Airlines, Says CEO
Ethiopian Airlines chief executive Tewolde Gabremariam has said African governments should purchase a stake in the carrier. This would make the carrier not only the largest airline in Africa by [...]Islamic Bank, Baraka Group Set To Expand In East Africa.
Bahrain based Islamic Bank, Baraka Group is set for an expansion into China, Indonesia, and East Africa and further into Morocco where the bank already operates, CEO Adnan Yousuf has [...]
