The response by Prosus to news that 35 institutional investors of South African media conglomerate Naspers are protesting the company’s share ... swap with its Amsterdam-listed unit has failed to win over dissident shareholder Excelsia Capital.
Nigerian banks are faced with low growth and a punitive cash reserve ratio of 27.5% at home. They are betting on the African Free Trade Zone ... to expand elsewhere on the continent. However, the profitability of their subsidiaries outside Nigeria is relatively average. Are they falling into an expansionary trap?
A forecasted decrease in GCC sukuk, Egypt’s enticing yields, and business sectors that have thrived during the pandemic could guarantee the ... country an auspicious low-cost debut of the Islamic bonds. On the other hand, the sukuk could lead to a rise in utility bills.
Business top stories
Join the global community who rely on us for insight.
Backed by investors such as Jim O’Neill (former chairman of Goldman Sachs Asset Management) and Tim Draper (one of the world’s most famous ... venture capital investors), Paga is Nigeria’s leading mobile payments company. CEO Tayo Oviosu speaks to The Africa Report about the fintech company that he started in 2009, before financial technology was all the rage.