Asian stock markets rise after moves to shore up confidence in troubled banks in Europe and the United States. Fears of a global banking crisis have eased following the rollout of multi-billion-dollar lifelines for troubled lenders in Europe and the United States, with Asia’s stock markets rebounding from earlier lows.
A panel of investors and banks has ruled Ghana’s missed coupon payments on its foreign denominated bonds counts as a failure-to-pay event, paving the way for a payout of the default-insurance contracts tied to the country’s debt.
Accra, Ghana//-The bond market declined by about 52.50% year-on-year in market turnover in the month of February 2023.
FirstRand Limited, Africa’s biggest bank by market capitalization, has written off more than half the value of its holdings of Ghanaian bonds as the country grapples with a restructuring of its sovereign debt.
The Abuja National Mosque receives thousands of worshippers. Just three minutes away, down Constitution Avenue, is the headquarters of the Nigerian Securities Exchange Commission (SEC).
After more than 10 years in the City of London, Aly-Khan Satchu returned home to Kenya. The straight-talking former trader worked for financial powerhouses such as Credit Suisse First Boston, Sumitomo Finance International and ANZ Investment Bank.
Accra, Ghana//-The Speaker of Parliament, Alban Bagbin has asked the Finance Minister, Ken Ofori-Atta, not to touch monies belonging to pensioners.
Accra, Ghana//-The Government of Ghana has announced an administrative window for bondholders to complete processes for tendering their bonds.
Johannesburg, South Africa//– Vantage Capital, Africa’s largest mezzanine fund manager, announced today the successful final close on its fourth mezzanine fund.
Emerging markets (EMs) always get hit the hardest when it comes to fluctuations in the USD – so Crown Agents Bank is uniquely positioned to share some key insights around the impact not just in the US and larger markets, but further afield.
