Global Pension Report Reveals African Retirees are among the Poorest Globally
A new report by Allianz, an international financial services provider, has revealed that retirees in several African countries are among the poorest globally. The report, which surveyed 75 countries, including five in Africa, cites an ineffective pension system and a lack of adequate retirement benefits as the major reasons for the alarming trend. In Egypt, […]
Possible Abuse in South Africa’s Securities Market
The Financial Sector Conduct Authority (FSCA) is investigating 75 instances of possible contraventions of South Africa’s laws governing financial market abuse, all of which relate to listed securities. The investigations include false and misleading statements involving Steinhoff and Tongaat Hulett securities as well as a price manipulation and an insider trading matter involving the securities […]
Addis’ Push for Key Investments
Ethiopia will issue up to five banking licenses to foreign investors in the next five years, part of plans to open up the financial services sector to foreign competition, a senior central bank official said on Wednesday. Prime Minister Abiy Ahmed’s government has promised to open up sectors previously controlled by state firms to help […]
Investing in Africa’s Environment
The World Bank says the climate change fight demands a focus on long-neglected structural challenges that are worsening the impact of natural disasters in Africa and other developing countries. “Some of those structural challenges span from years of environmental degradation,’’ said Anna Bjerde, the bank’s Managing Director for Operations after seeing villages devastated by Cyclone […]
