Finance | - Part 12

United Kingdom Steps up Climate Adaptation Finance Support for Africa

LONDON (Capital Markets in Africa) – The United Kingdom has announced a significant increase in its financial support to the poorest African countries that bear the brunt of climate change. Speaking alongside African leaders at COP27 in the Egyptian city of Sharm El Sheikh, British Foreign Secretary James Cleverly confirmed the UK will provide £200 million to the African Development Bank Group’s Climate Action Window, a new mechanism set up to channel climate finance to…

South Africa: Grey listing still avoidable, but time is running out

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – A preliminary evaluation report compiled by the Financial Action Task Force (FATF) in October 2021 showed that South Africa complied with only three of the group’s 40 benchmark recommendations to combat illicit financial activity. South Africa has until October 2022 to put forward a credible plan that maps out how government intends to address deficiencies in the country’s ability to investigate and prevent illicit financial activity. Failing to do…

Use 1Stream’s CRM with Built-In Voice Capabilities to Meet All Your Business Needs

Posted on by The Editorial Team

A fully integrated CRM is essential to ensure that your sales, service and marketing teams can work hand-in-hand to deliver an excellent customer experience. 1Stream’s innovative all-in-one CRM solution is specifically designed to manage customer service and drive sales from one centralised, omni-channel platform, with built-in voice capabilities. Here are 4 benefits 1Stream’s CRM solution can provide for your organisation: Everything operates off one platform 1Stream’s CRM solution securely stores all information about your customer – including every sale,…

S&P: Sub-Saharan Africa Remains Out Of Step With Islamic Finance

Posted on by The Editorial Team

JOHANNESBURG (Capital Markers in Africa) -Islamic finance is an unlikely showstopper across Sub-Saharan Africa. Despite the region’s pronounced financing needs, particularly for infrastructure projects and to repay COVID-19-related debt, S&P Global Ratings believes that Sub-Saharan countries will access the market via multilateral institutions (MLIs) instead of through sukuk issuances. Sukuks’ Run May Be Short-Lived We foresee limited market issuance–of both sukuk and conventional debt–across Sub-Saharan Africa (SSA) over the remainder of the year. Senegal was…

Cedi Set for Worst Weekly Drop Since 2019 as Ghana Decides Rates

Posted on by The Editorial Team

ACCRA (Capital Markets in Africa) – Ghana’s currency extended its decline Wednesday, heading for its worst weekly drop in more than three years before an emergency central bank meeting to decide on borrowing costs. The cedi dropped 1.1% at 10:06 a.m. in Accra, extending its fall this week to 5.2%. That’s the worst decline since the seven-day period ending March 29, 2019.The cedi has plunged 35% this year making it the world’s worst-performing currency after…

Cyber criminals’ eye South African SMEs lack of security

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Despite the significant risks, SMEs seem reluctant to take the same digital preventative measures to secure their IT infrastructure as they would to protect their office equipment or company-owned vehicles. Just as a business owner wouldn’t underinsure a tangible business asset such as a factory, SMEs shouldn’t leave their digital assets unlocked and in plain sight of criminals. In a business environment where every cent counts, preventative measures must…

Verdant Capital, a proud supporter and sponsor of AFSIC – Investing in Africa

Posted on by The Editorial Team

Verdant Capital is a specialist corporate finance firm with exceptional experience transacting across the African continent. Verdant Capital is an investment manager and investment bank specialising in private credit and private equity. Verdant’s sectors of expertise include tech, inclusive financial institutions, telecoms, agri-business and manufacturing. Verdant Capital’s investment management business focuses on financial institution while their investment banking business has experience in financing most business sectors in Africa and can assist clients across a range of business…

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