African assets have outperformed broader emerging markets since the start of the Iran conflict, challenging perceptions of the continent as a high-risk investment destination. Bloomberg data shows African local-currency bonds have declined less than the wider emerging-market index during the period. Over the past 12 months, they have delivered roughly double the returns of their…
Forward-Looking Statements African Export-Import Bank (Afreximbank) Group makes written and/or oral forward-looking statements, as shown in this release and other communications, from time to time. Likewise, officers of the Bank may make forward-looking statements either in writing or during verbal conversations with investors, analysts, the media, and other members of the investment community. Statements regarding…
A 2-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.
SARS will use tech to catch those who don’t report crypto assets. (Image: Nicola Mawson, with Freepik and GenAI) Government is clamping down on crypto assets through two new tax regulations that expand reporting on virtual money. It is also moving to bring tokens under exchange control rules – despite a pending court case on…
Server equipment belonging to US-headquartered cloud security company Zscaler was seized by sheriffs of the court from NTT Data and Teraco data centres in Johannesburg and Cape Town between September and November of 2024, TechCentral has learnt. Court papers filed at the high court in Johannesburg confirm that the asset seizures relate to an ongoing…
Cairo, Egypt — Africa’s multilateral lender, African Export-Import Bank, marked the end of an era as President and Chairman of the Board, Professor Benedict Oramah, concluded his decade-long tenure with a legacy conference in Cairo attended by over 2,000 dignitaries, including African heads of state, business leaders, and policymakers on Friday. Oramah, who took office…
LONDON — EU heads of state will call for quicker action on the use of immobilized Russian assets at a meeting next week amid growing pressure from U.S. President Donald Trump, according to a document seen by CNBC. The European Commission, the executive arm of the EU, has been looking at how to use about…
* Promises Nigeria’s commitment towards catalyzing mineral-led renaissance under Renewed Hope Agenda President Bola Tinubu has clamoured for a total re-phase in the global financial architecture of Africa’s mineral resources, saying it is time for its nations to begin to not only finance its mineral sector, but also assert their influence and power in the…
Introducing a new way for users to trade tokenised traditional assets. Bitget, which positions itself as the leading crypto-currency exchange and Web3 company, today announced the launch of the industry’s first RWA (Real-World Asset) Index Perpetual Contract. This pioneering product, which was set to go live on 20 August, introduces a new way for users…
Africa Prudential Plc has announced a strong performance for the first half of 2025, posting a 75 per cent year-on-year growth in Profit Before Tax to N1.98 billion, compared to N1.13 billion recorded in the same period of 2024. The unaudited results released in Lagos showed that Profit After Tax rose by 73 per cent…
