South African banks under earnings pressure, reeling from economy challenges

South African Banks

South African banks face another wasted year for earnings growth as the euphoria that greeted Cyril Ramaphosa’s ascendancy to the presidency fades with the reality of the challenges facing the economy. The country’s largest lenders start reporting first-half results from next week against the backdrop of tax hikes, record gasoline prices, stubbornly high unemployment and […]

Uganda: Indian Prime Minister Modi says Africa is top priority for India

Indian Prime Minister

Indian Prime Minister Narendra Modi, who is on a two-day visit to Uganda, on Wednesday urged the business community of India and Uganda to fully exploit the favourable conditions for enhancing the bilateral trade. In his remarks to Uganda’s legislature, Modi said that “Africa will be at the top of our priorities.” He said India […]

Kigali to host AFRICA CEO FORUM in 2019


The seventh edition of the AFRICA CEO FORUM, the largest international gathering of CEOs and investors from the African private sector, will be held on 25th and 26th March 2019, in Kigali, Rwanda. With Africa swinging into action to strengthen regional integration, the choice of Rwanda, a country at the intersection of East and Central […]

Egypt’s EFG Hermes named top frontier markets brokerage firm

EFG Hermes

Egyptian investment bank, EFG Hermes has been named top frontier markets brokerage firm in the Extel Survey 2018. The investment and market analysis firm operating in Middle East and North Africa (MENA) region advanced from 9th position last year to rank number one for the first time in 2018. Ali Khalpey, the London-based chief executive […]