Fuel Cost Tumbles July Business Productivity-Stanbic PMI
Africa Markets

Fuel Cost Tumbles July Business Productivity-Stanbic PMI

Kampala-Uganda, August 3, 2022: Increasing inflationary pressures tumbled private sector business activity during July as the headline Stanbic Purchasing Managers’ Index (PMI) dipped below the threshold 50.0 no-change mark for the first time this year. Renewed contractions in output and new orders Input costs continue to rise Employment and purchasing scaled back The PMI dropped […]

New Jobs, Orders Rise in April PMI
Africa Markets

New Jobs, Orders Rise in April PMI

May 5, 2022 – Kampala, Uganda: The Stanbic Purchasing Managers’ Index (PMI) rose to 53.9 in April from 51.9 in March on account of further improvement in private sector output and new orders as demand strengthened, helping generate new jobs. Readings above 50.0 mean improvement in business conditions on the previous month while readings that […]

Record Performance in Latest Full-Year Earnings-AFC
Africa Markets

Record Performance in Latest Full-Year Earnings-AFC

Lagos, 1 April 2022. Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, reported record performance in its latest full-year earnings, driven by high-impact investments and its strong credit profile. Despite the pandemic and commodity-driven headwinds impacting AFC’s operating environment, the Corporation saw its annual profits increase by 26.6% to US$209.7 million in 2021, passing the US$200 million mark […]

Will Sanctioning Russia Fuel Financial Contagion?
Africa Markets Opinions

Trade Finance and the Efforts to Boost Intra-African Trade

By Lodewyk Meyer, Partner and Head of the Banking & Finance Practice, and Lucy Stratton, Associate Designate, Baker McKenzie, Johannesburg. As stated by the President of the African Development Bank (AfDB), Akinwumi A. Adesina, “trade finance is an important instrument for influencing Africa’s long-term economic development and structural transformation”. According to a report by the AfBB […]