Finance

Africa emerging as an attractive investment destination, says AVCA survey

computer 767776 640Around 82 per cent of African Limited Partners (LPs) plan to increase or maintain their African PE allocation over the next three years, with the risk-return profile and performance viewed by most LPs as the two main factors driving their strategy, according to African Private Equity and Venture Capital Association’s (AVCA) Industry Survey for 2019

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Temenos to provide digital transformation solution to Libyan ATIB

temenos atrLibya’s Assaray Trade and Investment Bank (ATIB) has selected Switzerland-headquartered Temenos Infinity and Temenos Transact to power digital transformation

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As expenditure grows, Nigeria pushes up tax collection even as it borrows

Nigeria nairaThe Federal Inland Revenue Service (IFRS) intends raising Nigeria’s tax ratio of six per cent of gross domestic product (GDP) to 17 per cent by 2023, according to Muhammad Nami, executive chairman at IFRS

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Africa ready to surpass developed countries in 4IR, says AfDB

additive amnufacturingAfrica is set to outdo the achievements of the developed world in Fourth Industrial Revolution (4IR), according to Stefan Nalletamby, acting vice-president for the private sector, infrastructure and industrialisation complex at the African Development Bank (AfDB)

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African banks transforming operations with Oracle solution

oracle bankingSeveral of Africa’s innovative digital-first banks are turning to Oracle Financial Services’ FLEXCUBE Universal Banking platform to transform their processes and deliver a centralised experience for customers

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