Construction firm Erbacon Investment Holdings, which yesterday posted an 18% increase in headline earnings per share to 22,87c for the six months ended August, said it remained optimistic that public sector infrastructure spend would maintain sizeable momentum over the medium

Brait SA held up well through a difficult operating environment and lifted its interim dividend to 89,77c per share from 89,45c a year earlier.

The Zimbabwe Stock Exchange (ZSE), which is now responding to political developments in the country since the economy was dollarised, opened the week subdued by losses in heavyweight stock. ZSE became lifeless after the MDC-T partially disengaged from government a

IF ECONET founder Strive Masiyiwa for some strange reason decided to cash in his Econet shares, he would walk away with a cool US$500 million. But that is if the taxman does not get wind of it. The proverbial taxman

LOCAL money-market unit trusts experienced a R5,8bn net outflow in the third quarter, the highest in five years, after investors began returning to the equity market.

Equity Market

KCB Group on Thursday posted a 1.3 per cent increase in profit for the first nine months of the year as costs from its expansion drive ate into its marginal income.

Current global sentiment pushed the local bourse into the red yesterday, while a stronger US dollar also weighed on commodities.

As part of efforts at further deepening the market, the Council of the Nigerian Stock Exchange (NSE) through its Quotation Committee, has approved N18.975 billion issues for four companies in the Mortgage, Chemical and Paints, Leasing and Emerging Markets Sectors.

Dollarisation has brought many dynamics to the property market with analysts saying it will not be as easy as it has been for many players who built huge property portfolios ton the back of rising inflation.

THE relaxation of foreign exchange controls announced by Finance Minister Pravin Gordhan and the stronger rand offer an opportunity for investors to diversify more of their funds offshore, say analysts.

A Federal High Court in Lagos, yesterday overruled the Central Bank of Nigeria (CBN) and its governor, Mr. Lamido Sanusi's applications on the suit by House of Representatives member, Mr. Femi Gbajabiamila.

An Assets Management Company (AMC), to be floated soon by the Central Bank of Nigeria, is going to be the next big player in the regulaion of the nation's financial system.

Civil society activists and organizations that have reservations about Ghana government's dealings with the Bretton Woods institutions will have to nurture the feeling for some time to come as the end to the relationship is not anytime soon.

The Reserve Bank has appointed a South African forensic team to investigate a lifelong member of the UK Salvation Army accused of defrauding investors in the UK and SA of millions of pounds through fraudulent investment schemes he falsely claimed

KENYA Commercial Bank has opened its 199th and 200th branch in Rwanda and Southern Sudan, respectively.

Investors' interest in the shares of insurance stocks seems to be on the rise again as the sub-sector accounted for 42.9 per cent of the total volume of transactions at the end of yesterday's trading.

A Federal High Court in Lagos yesterday overruled both the Central Bank of Nigeria (CBN) and its Governor, Mr. Lamido Sanusi, and chose to hear an application seeking to stop them from disbursing funds to weak banks, along with the

The Nigerian Deposit Insurance Corporation (NDIC) yesterday admitted that defects on the part of regulation were partly responsible for the crisis in the banking sector.

Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Enukora John Okoli, has denied news reports linking him with fraudulent practices.