Positive Vaccine News Lift Global Markets

July 20, 2020 342

News

Market Overview Markets traded higher this week on vaccine developments and navigated through U.S. earnings in an acceptable fashion. China’s 2Q growth beat (3.2%) was marred by weak retail sales, which led to some equity panic, although volatility was contained regionally without a major spill-over. The same followed after Singapore’s weak GDP print. A heavy […]Continue Reading

WIMBIZ Congratulates New A.G.Leventis CEO,Abimbola Oni

July 13, 2020 821

Briefs

Women In Management, Business and Public Service, WIMBIZ , has sent a congratulatory letter to Seun Abimbola Oni, on her recent appointment as the Group Managing Director/CEO of A.G Leventis (Nigeria) Ltd.WIMBIZ, a highly influential women’s professional group, describes Oni as a senior business and finance executive, with over 25 years’ professional experience, spanning Continue Reading

Malawi Appoints Wilson Banda Central Bank Governor

July 13, 2020 386

Breaking News

Malawi’s new President Lazarus Chakwera has appointed Wilson Banda,as the new governor of the Malawi Reserve Bank, a government statement said on Wednesday, July 8,2020.Dr Banda is a former ranking official of the bank.He was the Senior advisor to the Executive Director for the Africa Group at the World Bank, where he began working as […]Continue Reading

NNPC Increases Gas Supply To Power Sector By 19 Per cent

July 9, 2020 304

Oil & Gas

NNPC has increased gas supply to power sector by 19 per cent in April. Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), announced this on Thursday, July 8. This increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020, translates to 788 […]Continue Reading

Uganda’s Central Bank May Cap Commercial Bank Interest Rates

July 9, 2020 251

Breaking News

Uganda’s central Bank,the Bank of Uganda (BoU) has threatened to cap the interest that commercial banks can charge borrowers, after the industry failed to reduce loan rates in response to cuts in benchmark rates, according to a letter from its governor.The BoU cut its central (lending)rate by 200 basis points, to an all-time low of […]Continue Reading

Helios Partners Agree Merger With Canada’s Fairfax

July 9, 2020 246

Breaking News

Leading African private equity investment infrastructure firm, Helios Holdings Ltd.as agreed to a merger with Fairfax Africa Holdings Corp. of Canada.Helios says the merger would create a stronger African money manager and investment firm.The new company to be known as Helios Fairfax Partners Corp. will be listed on the Toronto Stock Exchange and is majority-owned […]Continue Reading