Finance

LONDON (Capital Markets in Africa) – African climate investment received a landmark boost today with the cross-listing of NMB Bank’s (NMB) inaugural sustainability bond, the NMB Jamii Bond, on the London Stock Exchange. It will represent a new, vital and symbolically important route for institutional investors in the world’s largest capital markets to commit funds into African climate finance and development vehicles.  BII was an anchor investor in the Tanzanian shilling tranche of the NMB…

Traditional banks face challenges in modernising card issuing to keep up with new competitors. Fintech disruptors and evolving consumer preferences could affect existing revenue streams, prompting urgency in card modernisation. Legacy systems, regulatory constraints, and budget constraints hinder progress. Here’s how a CMS Gateway can bridge the gap between old and new; enabling banks to navigate change, innovate swiftly, and stay relevant in a dynamic landscape.  Debit and credit card issuing is a major contributor…

Johannesburg, South Africa – The International Center for Strategic Alliances (ICSA) is thrilled to announce the much-anticipated 5th Edition Connected Africa- Telecom Innovation & Excellence Awards 2024, set to be held on May 22nd, 2024, in Johannesburg, South Africa. This esteemed summit stands as a beacon for Africa’s telecom sector, gathering global executives, experts, and leaders dedicated to sculpting the future of telecommunications across the continent. Under the theme “Building a Connected Global Economy,” the…

JOHANNESBURG (Capital Markets in Africa) –S&P Global Ratings today said that the increase of banks’ minimum paid up capital to Nigerian naira (NGN) 500 billion (approximately $380 million) from NGN25 billion will likely shake up the banking sector landscape and support banks’ credit loss absorption capacity. On March 28, 2024, the Central Bank of Nigeria (CBN) announced that it will give banks 24 months to strengthen their capital base by either injecting fresh equity, consolidating,…