Benin is seeking support from the International Monetary Fund (IMF), to help cushion it from a widening fiscal deficit and slowing economic growth caused by the sharp deceleration in its giant West African neighbour Nigeria linked to falling oil prices. “The government found a difficult macroeconomic and treasury situation upon assuming office in April 2016. […]
Tag: financial
Is ‘Old Mutual’ the Next Big Thing?
L-R: President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Kayode Okunoren; Commissioner for Insurance, Alhaji Mohammed Kari; Chief Executive Officer, Old Mutual General Insurance Company, Mrs. Rachel Emenike; and Chief Executive Officer, Old Mutual Life Nigeria Assurance Company, Mr. Keith Alford during the 2016 CEO’s Retreat of NCRIB in Ilesa, Osun State…recently Aviation School […]
Inside 4Di Capital’s new R256m fund
MMI Holdings has committed hundreds of millions of rand to investing in and nurturing the next-wave of health and financial technology start-ups, both in South Africa and worldwide. By Duncan McLeod. Justin Stanford MMI Holdings, the JSE-listed parent of Momentum and Metropolitan, has committed hundreds of millions of rand to investing in and nurturing the […]
Pravin Gordhan reveals Brexit fears
Finance Minister Pravin Gordhan has warned that if Britain pulls out of the EU this week, it will “complicate life” for South Africa. Minister of Finance Pravin Gordhan. Picture: AFP/ Pool/ Mujahid Safodien. Brexit, which will be decided on Thursday, could have a significant impact on the global economy. Speaking in Durban yesterday, at a […]
Mall of Africa taking shape with H&M, Zara, Tommy Hilfiger booking space
The Mall of Africa development in Midrand. Atterbury Property’s Mall of Africa development is on track for its opening next year, with more heavyweight international fashion retailers announced at the R3.2 billion shopping centre. Located on both sides of the N1 between Midrand and Sandton, the mall is slowly taking shape for its completion on […]
Partners call for more robust action on climate agreement for Africa
Finance Ministers and Central Bank Governors from CFA franc ECOWAS member-states and the CEMAC bloc (Economic Community of West African States and Central African Economic and Monetary Community), have called for rigorous efforts towards environmental challenges and development funding viabilities for climate change. Climate change This is a prelude to the forthcoming United Nations Climate […]
Habaka incubator working with Malagasy government to boost tech
Habaka incubator working with Malagasy government to boost tech Malagasy tech hub Habaka is engaging with the government of the country in order to assist in increasing the percentage of the country’s gross domestic product (GDP) contributed by technology. Habaka was founded in 2011 and registered as a non-profit in 2012, becoming the first innovation […]
Tony Blair’s principles for partnerships between African governments and investors
In recent years there has been a shift in the relationship between African economies and the outside world – from one of dependence to one of partnership. Former British Prime Minister, Tony Blair, during his speech at the Investing in African Mining Indaba held in Cape Town last week. This was highlighted by former British […]
