cbwa

TLcom Capital has announced the final close of TIDE Africa Fund II at $154 million aimed at supporting African tech start-ups. 

TLcom closes tech VC fund at $154mn

As banks race to meet the 30th of April deadline given by the Central Bank of Nigeria to submit their recapitalisation plans, some banks have begun moves to get shareholders’ approval to raise additional capital. 

Exploring Nigerian banks’ recapitalisation strategies 

Data from the Nigerian exchange shows that continued profit-taking activities by investors on Tier-1 Banking stocks drove the banking index down 13.5 per cent month to date. 

Will investors sustain sell pressure on Nigerian stocks?

Shareholders at Access Holdings have approved the launch of a $1.5 billion capital raising programme as well as the 365-billion-naira rights issue. 

Access Holdings shareholders approve $1.5bn capital raise programme

Pangea-Risk in its April 2024 White Paper says more African sovereigns are becoming more creditworthy and bankable on the back of sound fiscal consolidation, fair debt treatments and prudent management practices.

Pangea-Risk: African sovereigns becoming more creditworthy 

The International Monetary Fund says is expects growth in Sub-Saharan Africa to reach 3.8 per cent from the 3.4 per cent in 2023. 

IMF projects 3.8% growth for SSA in 2024

Isaac Kofi Agyei, an Analyst at SBM Intelligence joins CNBC Africa for more. 

SBM: Power outages cost Ghana over $680mn yearly

The International Monetary Fund maintains its projections for Sub-Saharan Africa expecting a GDP growth of 3.8 per cent this year. 

IMF revises Nigeria’s GDP growth to 3.3% in 2024

The International Monetary Fund projects Ghana’s economy will grow 2.8 per cent this year and 4.4 per cent next year on the back of on-going reforms. 

IMF projects Ghana’s economy to grow 2.8% in 2024

The Chairman of the Nigerian Exchange, Umaru Kwairanga says Seplat Energy's performance demonstrates to other companies that listing on the Nigerian Exchange can yield a win-win scenario. 

Kwairanga: Seplat Energy demonstrates listing gains 

The Board Chairman of Seplat Energy, Udo Udoma says the company wants to partner with and identify fully with the Nigerian government for its energy transition drive. 

Udoma: Seplat seeks to partner on Nigeria’s energy transition drive

A report by Agusto & Co. shows that Nigeria’s insurance Industry maintained its double-digit growth trend in 2023 as the estimated gross premium income exceeded the one trillion naira mark despite disruptions. 

CBWA