Finance | - Part 6

S&P: Nigerian Banks Are Confronted With The Lingering Naira Depreciation

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,…

Private capital slowdown in Africa mirrors global investment trends

Posted on by The Editorial Team

London (Capital Markets in Africa) – The African Private Capital Association – today announced the release of the 2023 African Private Capital Activity Report, the anticipated annual report providing insight into dealmaking, fundraising, exits and the key trends shaping Africa’s private capital landscape. In 2023, the global economy faced a series of interconnected shocks, including rising political tensions, increasing fragmentation in global trade, escalating interest rates and tightening monetary policies to address high inflation. Amidst volatile…

S&P: Morocco Outlook Revised To Positive On Improving Socioeconomic And Budgetary Reform Trajectory

Posted on by The Editorial Team

CASABLANCA (Capital Markets in Africa) – Morocco’s economy has proven resilient in the face of multiple shocks over the past five years, and maintained access to domestic and external financing. We believe that the continued implementation of socioeconomic and budgetary reforms will help formalize the economy further and make it more inclusive and competitive, thereby stimulating GDP growth and bringing down budget deficits, albeit gradually. The budget and current account deficits decreased more than we…

Camco launches new technical assistance facility for REPP 2

Posted on by The Editorial Team

London, 20 March 2024: Climate and impact fund manager Camco has unveiled a new technical assistance facility (TAF) to accelerate the growth of Sub-Saharan African markets for renewable energy and energy access. Camco is developing the USD 250m REPP 2 fund to invest in the African grid of the future and the small and medium-sized enterprises (SMEs) building it. The private debt fund is structured as a blended finance vehicle to leverage public, private and…

Building Bridges in Banking: The Power of Partnerships from the Nairobi Summit 2024

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Nairobi, Kenya – The Connected Banking Summit, orchestrated by The International Center For Strategic Alliances (ICSA), has once again demonstrated its unparalleled ability to bring together the brightest minds in banking, fintech, and financial services. The 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024 took place on 6th of March, 2024 in Nairobi, Kenya, enriched by the support of partners like Kaspersky, Freshworks, TransUnion, and Access Bank, became a melting pot…

Empowering Women in Banking: A Celebratory Highlight of 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024, Nairobi, Kenya

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Nairobi, Kenya – The Connected Banking Summit, conceptualized and organized annually by the International Center For Strategic Alliances (ICSA), proudly marked its 11th Edition Connected Banking Summit- Innovation & Excellence Awards East Africa 2024 took place on 6th of March, 2024 in Nairobi, Kenya. This significant event not only continued its legacy of fostering progress and innovation within the banking industry but also highlighted its commitment to gender equality through the celebration of International Women’s…

Impact Investing in Africa, Verdant Capital @AFSIC 2024

Posted on by The Editorial Team

Capital Markets in Africa (LONDON): AFSIC – Investing in Africa, one of Europe’s leading Africa investment events will host its annual conference in London on October 7, 8 and 9th at the Park Plaza Westminster Hotel. Over 1500 of the most senior and influential people within the African Investment world are expected to attend including 350+ investors. Investors include Development Finance Institutions (DFI’s), Sovereign Wealth Funds, Pension Funds, Private and Listed Equity funds, Private and…

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