Bank of England puts the brakes on: Investments, Savings, Annuities and Mortgages

Bank of England puts the brakes on: Investments, Savings, Annuities and Mortgages

The Bank of England has finally put the brakes on the relentless rate hiking cycle. A rise had been heavily pencilled in but was wiped off the board by the surprise fall in inflation. Even before the announcement, the markets reacted, with implications for savers, mortgage borrowers and anyone considering an annuity. As the market digested the news that inflation had come down, it decided a rate rise wasn’t so likely after all. As a…

Read More

The 9th Edition Connected Banking Summit – West Africa

The 9th Edition Connected Banking Summit – West Africa

The Connected Banking Series focuses on building future-oriented banking models by accelerating the pace of digital transformation and delivering a delightful customer experience in line with policy and regulations while ensuring the highest standards of privacy and security. The Summit, collocated with the Connected Banking summit Innovation and Excellence Awards, will host leaders and experts from across the region representing Banks, Insurance Companies, FinTechs and TechFins, Digital and NeoBanks, Non-Banking Financial Organizations, Cooperatives, Investments Funds,…

Read More

Stears Announced as Lead Sponsor of AFSIC – Investing in Africa 2023

Stears Announced as Lead Sponsor of AFSIC – Investing in Africa 2023

Stears, one of the world’s leading providers of African data and insights, has been announced as the Lead Sponsor of AFSIC – Investing in Africa 2023. AFSIC 2023, Africa’s Investment Event, which will be held in London on the 9th and 10th October 2023, is the meeting place for focused networking, discussions and executing African investment deals. It has for the past ten years delivered year on year growth as well as success for African…

Read More

The role of financial institutions in increasing the pace and scale of Africa’s Renewable Energy Transition

The role of financial institutions in increasing the pace and scale of Africa’s Renewable Energy Transition

By James Agin – Executive – Corporate and Investment Banking Absa Bank Kenya The urgent need to combat climate change has thrust renewable energy into the global spotlight. As governments, businesses, and individuals grapple with the challenges of reducing carbon emissions, the role of financial institutions in supporting and propelling the renewable energy transition is becoming increasingly prominent. The financial services sector, with its financial power, extensive networks, and ability to drive systemic change, has…

Read More

The future of trade finance in sub-Saharan Africa amidst hard currency challenges

The future of trade finance in sub-Saharan Africa amidst hard currency challenges

PORT LOUIS (Capital Markets in Africa) – International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union Euro, Japanese Yen, Chinese Yuan, and UK Pound Sterling. Thus, these currencies clearly have a major impact on how trade is conducted across borders globally, including on the African continent. By the same token, it is important to note that a foreign currency shortage occurs when the demand for the currency…

Read More

USAID Commits $3 million to African Water Facility

USAID Commits $3 million to African Water Facility

;AGOS (Capital Markets in Africa) – The United States Agency for International Development (USAID) (https://www.GlobalWaters.org/) has committed $3 million to the African Water Facility (AWF) (https://apo-opa.info/3JiWiOu). The funding will support the preparation of water and sanitation investment projects in Africa, through the provision of grants and technical assistance to African countries and regional economic communities. The African Water Facility, an initiative of the African Ministers Council on Water (AMCOW), is hosted by the African Development…

Read More

Nigeria: Fuel Subsidy Removal Short-term pain, long-term gain

Nigeria: Fuel Subsidy Removal Short-term pain, long-term gain

LAGOS (Capital Markets in Africa) – President Tinubu has finally done the inevitable: ending the payment of fuel subsidies in Nigeria. Several administrations have tried unsuccessfully in the past to end the subsidy regime. This has been primarily due to strong opposition to reform and the lack of a political will to bite the bullet. Subsidy is the transfer of money from the government to an entity, leading to a decline in the price of…

Read More
1 2 3 4 5 183