Afreximbank presents equity offering to Kenyan investors

The African Export-Import Bank (Afreximbank) has presented its equity offering to Kenyan investors aimed at raising between $100 million and $300 million through the issuance of Depositary Receipts backed by its Class “D” shares. The listing of the Depositary Receipts on the Stock Exchange of Mauritius was approved in August, opening Afreximbank’s shareholding to the […]

Kenya’s neglected businesses get funding from REGAL-AG

Peaceful people group in northern Kenya’s Isiolo and Marsabit districts experience the ill effects of incessant dry spells and the impacts of environmental change. Many banks in Kenya far from putting resources into new businesses, neglect to give Sharia-consistent items, or offer high-cost credit and charges to dishearten borrowing. To conquer these requirements and develop […]

Vodacom acquires 35% stake in Kenya’s Safaricom

Vodacom has successfully acquired a 35% stake in Kenya’s Safaricom from its parent firm Vodafone Group for ZAR35 billion ($2.6 billion). The transfer was executed by the group’s subsidiary Vodafone International Holdings, which retains a 5% indirect stake in Safaricom. After it obtained the requisite regulatory approvals in both Kenya and South Africa, Vodacom’s shareholders […]

Mukami Kariuki, a Kenyan National, is the new World Bank Country Manager for Zimbabwe

Ms. R. Mukami Kariuki, a Kenyan National, is the new World Bank Country Manager for Zimbabwe. In her new position, Ms Kariuki’s top priorities will be to provide strategic leadership for formulating programs that support the World Bank’s twin goals and maintaining portfolio quality by working with internal and external partners for better results. “With […]

African markets factors Jan. 17, 2018

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS Asian stocks stepped back from a record high on Wednesday as the region’s resource shares were hit by falling oil and commodity prices while digital currencies tumbled […]

African market factors Jan. 10

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. – – – – – GLOBAL MARKETS Asian shares flinched from testing their 2007 record peak on Wednesday, as investors booked profits in high-tech shares while oil prices hit three-year highs due to production […]

African market factors Dec. 28, 2017

GLOBAL MARKETS Asian shares rose to a one-month high on Thursday and were on track for their best annual performance since 2009, while commodity-driven currencies were buoyed by a strong copper, which held near a four-year peak. WORLD OIL PRICES Oil prices were stable on Thursday with trading activity drying up ahead of the New […]

SEC issues e-Dividend Registration DEADLINE

The Securities and Exchange Commission (SEC) hereby announces midnight December 31, 2017as the deadline for FREE e-Dividend Registration as well as termination of Dividend Warrant Issuance, by Registrars, as a means of paying the dividend component of profits declared by publicly quoted companies in Nigeria.   By this directive, January 01, 2018 marks the commencement of full implementation of direct credit of […]

African markets main factors Dec 12, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian shares took a breather on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a […]

Quick push for factoring laws in Nigeria

Members of the Banking Committee of the Nigerian Senate and the Banking and Currency Committee of the House of Representatives have pledged to accelerate the enactment of the factoring bill currently in the Nigerian legislature to ensure that it is passed into law by  the first quarter of 2018. The pledge came during sensitisation meetings […]

CAR joins Afreximbank community (Countries on Afreximbank list)

The number of African countries represented on the African Export-Import Bank (Afreximbank) as participating states and/or shareholders has risen to 49 with the presentation of an Instrument of Accession to the Bank by the Central African Republic in Bangui. The presentation of the instrument took place during a visit to President Faustin-Archange Touadéra of Central […]

African markets factors Nov. 30, 2017

NAIROBI, Nov 30 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – * Uganda releases inflation GLOBAL MARKETS Asian shares fell on Thursday, weighed down by a plunge in high-flying technology shares, a move that some […]

Market news factors Nov. 26, 2017

NAIROBI, Nov 27 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian stocks gave back earlier modest gains and fell back from a decade high on Monday, weighed by weakness in the Chinese […]

African market factors to watch Nov. 21, 2017

<link href=”https://af.reuters.com/article/commoditiesNews/idAFL8N1NR0F6″ rel=”canonical” /> NAIROBI, Nov 21 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – EVENTS: *NIGERIA – Central bank holds monetary policy meeting – 1330 GMT. *SOUTH AFRICA – Reserve Bank starts three-day monetary […]

Purdue University poised to give African farmers $5m grant

  Purdue University scientists will develop stronger, more versatile varieties of sorghum that have the potential to reach millions of African farmers, thanks to a $5 million, five-year grant from the Bill & Melinda Gates Foundation. The foundation’s grant is the second for Gebisa Ejeta, a distinguished professor and director of the Purdue Center for Global Food Security. […]

OFAB Leads Knowledge Sharing in Bio-Safety Technology

OFAB is Open Forum on Agricultural Biotechnology in Africa and is a platform created to manage a range of platforms for sharing knowledge and for sharing scientific research on biotechnology that will raise the profile of this technology. It’s also for informed policy decision making made to guide policy makers who are always confronted with […]

List of Winners at #Afrima 2017

Nigerian acts Wizkid, Simi, M.I, Tiwa Savage, Ycee, Orezi, 2Baba all got awards with Wiz taking home winning 3 awards on the night – Song of the Year, Artist of the Year & Best West African Act (Male). See full list of winners below: Best Central African Act (Male) – Locko Best Central African Act (Female) – Montess Best […]

Factors to watch African markets Nov. 10

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – EVENTS: *Rwanda to release its consumer inflation data for October. GLOBAL MARKETS Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan […]

African markets factors Nov 9, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: *KENYA – The central bank to auction 91-day, 182-day and 364-day Treasury bills worth a total 24 billion shillings ($232 million). GLOBAL MARKETS Asia stocks hovered near a […]

African markets factors November 7

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian shares rallied to their highest in a decade on Tuesday, while oil prices gave up some of their gains having previously surged to a more than […]

African markets factors for Nov 6, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian shares stepped away from recent decade highs on Monday while the U.S. dollar staged a broad-based rally and oil jumped to a more than two-year peak […]

Picture of the day: Going Crazy

Top Posts Today People angered over naked woman paraded in office area to boost workers’ performance Travel, live, work abroad: 10 jobs that pay you to travel Kenya: How capped lending rates affect Standard Chartered Bank profits Top tips for those looking for oil and gas jobs in Nigeria Nigeria to provide cleaner, cheaper fuels […]

African market’s main factors Nov. 3, 2017

<link href=”http://af.reuters.com/article/africaTech/idAFL8N1N90H5″ rel=”canonical” />   The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – GLOBAL MARKETS Asian shares took a breather on Friday as investors gave a guarded reception to Republican plans for massive U.S. tax cuts, while […]

MTN , Vodacom vie for title holder of biggest digital bank in Africa

Already the continent’s biggest mobile-phone company by subscribers, Johannesburg-based MTN is adding about 500,000 active banking customers a month, Chief Executive Officer Rob Shuter, 50, said on Wednesday. About 20 million people use MTN’s mobile banking now, he said in an interview at Bloomberg’s office in the South African city. MTN, Vodacom and other competitors are […]

African markets important factors Nov.2, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS Asian shares touched a 10-year high on Thursday after the U.S. Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate hike […]