September 4, 2017//-South African based research firm, RMB Research, has lauded the government’s decision to agree an extension of the IMF bailout programme with Ghana, noting that it brings comfort and continuous fiscal discipline to the market.
Category: Banking & Finance
South African Equities Set to End the Month at a New all-time High
September 4, 2017//-South African stocks are on track to close the month at a new all-time high, after trading in a sideways range for over two years.
4 African Currencies That Are Under Pressure In 2017
August 30, 2017//-The economies of sub-Saharan Africa have felt the pain of 2015 and 2016, and African currencies have experienced volatility as a result.
GSE Lifts Trading Suspension on Two Companies
Accra, August 29, 2017//-The Ghana Stock Exchange (GSE) has, with immediate effect, lifted the suspension in trading of the shares of Clydestone (Ghana) Limited (CLYD) and Transaction Solutions (Ghana) Limited (TRANSOL) that was imposed on the two companies.
SSNIT Saga: Advice on Backdating Payment of Software was Ignored
Accra, August 28, 2017//-Credible information reaching African Eye Report has revealed that management of the Social Security and National Insurance Trust (SSNIT) was advised against backdating payment for the Trust’s controversial software, but that advice was ignored.
Heritage Bank Asked Ghanaians to Repose Confidence in Local Banks
Kumasi, Ghana, August 25, 2017//-The Deputy Managing Director of Heritage Bank Limited, Mr. Peter Sangber-Dery has asked Ghanaians to repose their hopes in indigenous banks.
Islamic Finance in Africa: A Huge Untapped Market
August 25, 2017//-In the recent past, news about various Islamic finance initiatives in Africa made it on the business pages across the world, indicating that the continent is gearing up for a new form of banking.
African Philanthropist Tony Elumelu Mourns with Sierra Leone, Donates $500,000 to Victims
Lagos, Nigeria, August 24, 2017//-Following the August 14 unprecedented disaster, Tony Elumelu, Founder of Tony Elumelu Foundation and Chairman of United Bank for Africa (UBA), yesterday, Wednesday 23 August, paid a state visit to the people and Government of Sierra Leone to commiserate over the great loss caused by devastating mudslides and floods that have […]
The (very near) Future of Insurance: The Digital Transformation Imperative
Lagos, Nigeria, 23 August 2017, -/African Media Agency (AMA)/- The insurance industry is facing its very own Kodak moment. Forty years after the once heart-warming 1970s ad slogan became part of popular culture, it now reminds one more of the company’s spectacular failure to act in the face of massive industry-wide disruption than it does […]
Akufo-Addo Lauds BoG for UT Bank and Capital Bank Takeover
Accra, August 19, 2017//-Ghana’s President Nana Addo Dankwa Akufo-Addo has lauded the recent measures taken by the Bank of Ghana BoG in intervening decisively over the matters of UT Bank and Capital Bank.