Fitch Ratings has revised the Outlook on Banque d'investissement et de developpement de la CEDEAO's (EBID) Long-Term Issuer Default Rating (IDR) to Stable from Negative, and affirmed the IDR at 'B'. Key Rating Drivers Reduced Pressure on Solvency.
The Outlook revision primarily reflects the reduction in Fitch Ratings’ solvency risk...
Former Nigerian minister, Ngozi Okonjo-Iweala, is now the front-runner to become the World Trade Organisation’s new director
Nigerian finance minister Ngozi Okonjo-Iweala picked up crucial backing from the EU on Monday, sources said, giving her bid to become the first African head of the WTO a major boost.
The World Trade...
Mutual funds offer an efficient means to invest in diverse companies, industries and investment types. Investing in individual stocks or bonds of a single company can expose investors to unacceptable levels of risk. Mutual funds allow investors to spread this risk by investing in hundreds or even thousands of...
South Africa is celebrating a momentous 28-year democracy this year - a period that has been characterised by steady economic, political and social freedom, having first marked it in April 27, 1994.
The theme for the occasion: ‘Consolidate our Democratic Gains’, is a charge to the country’s people to seriously...
Mozambique IMF deal to spur investment
Mozambique has agreed a new International Monetary Fund loan worth $456m, six years after the fund suspended a previous programme with the country following a ‘hidden debt’ scandal where $2bn of debt was kept concealed from the IMF.
The resumed relationship will see Mozambique receive...
Welcome to another week of financial learning. I believe we are all well and staying safe under these "abnormal" COVID-19 times!
The Report by Thomas-Moore Adingo in the B&FT on Monday, October 26, 2020, captioned, "Over 60% of CAPBuSS applicants have no bank accounts inspired today's article.
The revelations in the...
– develop and sustain a culture of customer and employee centricity
The role of culture in successfully running any human set-up is pivotal. This could be a family set-up organisation or even a country. The influence of culture cannot be overstated and more so in today’s competitive environment, this...
The COVID-19 pandemic has shifted worldview from the point where human interest for material gain, the success of numbers, quantity and volume to the worldview of significance, satisfaction and belongingness or relatedness. The latter was visible in the human desire to relate, self-care and promote general well-being. This worldview...