VENTURES AFRICA – Despite the current investor-flight from JSE-listed African Bank Investment Limited (ABIL’s) share price, one analyst on Wednesday said he believes investors who hold on to the stock will be rewarded. Renier de Bruyn, a Cape Town-based investment analyst at Sanlam Private Investments (SPI), admitted the operating climate is currently tough for ABIL [...]

VENTURES AFRICA – Egypt’s Central Bank late on Tuesday called on banks that have operations in the country to increase their cash reserves. It said will be in anticipation of cash shortages in the country as renewed anti-government protests on June 30 got ever closer. It is understood that Egyptians, from many of the country’s [...]

VENTURES AFRICA – South Africa inflation figure for May slowed to 5.6 percent from 5.9 percent on year-on-year increase in April, statistics SA (stats SA) showed on Wednesday. In March and April, the Consumer Price Inflation (CPI) was unchanged at 5.9 percent but analysts expect a rise in the coming months due to the pressure [...]

VENTURES AFRICA – Professional services firm, Akintola Williams Deloitte (AWD) has announced the formation of an integrated practice across Africa, with Nigeria playing a strategic role in its new growth strategy. As part of the integration, Deloitte has designated Nigeria as a “priority market”, CEO Deloitte Africa, Lwazi Bam said. He added that “As a [...]