Nigeria bond auction raises 56 bln naira, less than half of amount on offer

Nigeria bond auction raises 56 bln naira, less than half of amount on offer

LAGOS (Capital Markets in Africa) – Nigeria raised 56.05 billion naira ($179 million) in a bond auction on Wednesday, less than half the amount on offer as domestic pension funds and insurance firms cut orders due to low yields, traders said on Thursday. The Debt Management Office (DMO) offered 135 billion naira worth of bonds maturing in 2021, 2027 and 2037, but investors shunned the auction to take positions in the relative liquid secondary market….

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Nigeria launches $200 mln fund to help local oil and gas firms

Nigeria launches $200 mln fund to help local oil and gas firms

LAGOS (Capital Markets in Africa) – Nigeria launched a fund on Thursday with an initial value of $200 million to support local oil and gas firms, the oil minister said, part of a government drive to improve access to low-cost credit across the economy. The Nigerian Content Development Fund (NCDF) would be financed through allocating the fund one percent of the value of all contracts awarded in the state-run upstream oil and gas industry, Petroleum…

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Short-term Personal Loan and its Features

Short-term Personal Loan and its Features

JOHANNESBURG (Capital Markets in Africa) – Among the different types of loans that are, today, available in the market, the personal loan is one of the most popular ones. This kind of loan is borrowed for a short time-period and repaid in full along with the interest. Installments are also available for repayment of personal loans that continue on a per month basis until the whole loan amount is paid off at the pre-decided rate…

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How African property markets can move beyond the ‘pioneering’ phase

How African property markets can move beyond the ‘pioneering’ phase

JOHANNESBURG (Capital Markets in Africa) – Property pioneers have already taken the first steps in shaping Africa’s urban landscapes, constructing landmark malls, hotels and office blocks that could be called iconic. This is just the start. Modern, fully functioning cities require a well-oiled system of residential, commercial and industrial development and civil infrastructure, with the real estate skills and services to match. The question is: Who will design, build, manage, maintain – and of course…

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Strate CEO, Monica Singer, stepping down to pursue new opportunities

Strate CEO, Monica Singer, stepping down to pursue new opportunities

JOHANNESBURG (Capital Markets in Africa) – Strate would like to announce that its CEO, Monica Singer, will be leaving Strate at the end of August 2017 to fulfill her dream of living in Cape Town and to pursue new opportunities. After being at Strate for almost two decades, and being its project manager since inception, Monica has been committed to the success of Strate. During her tenure, she was responsible for the introduction of electronic…

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Useful Tips on Spotting and Avoiding Debt Settlement Swindles

Useful Tips on Spotting and Avoiding Debt Settlement Swindles

JOHANNESBURG (Capital Markets in Africa) – When you fall behind on loans, you will usually find yourself on the receiving end of legal notices and threatening debt collectors. When you are feeling really desperate, it can be very easy for you to fall prey to dishonest companies claiming to solve your debt problems overnight. Some red flags that you should be looking out for when you are seeking debt settlement: Promises to Improve Your Credit…

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Embrace the impact of digitalisation and turn disruption into opportunity

Embrace the impact of digitalisation and turn disruption into opportunity

LAGOS (Capital Markets in Africa) – The growth of digital technologies is seeing disruption taking place across industry sectors. For companies operating in Africa, the opportunities these presents are too significant to ignore. Long considered the next frontier when it comes to innovation, the continent is poised to benefit from this push towards digitalisation. “With the gap between technology and business all but disappearing, decision-makers are faced with a choice of either embracing a new,…

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