Banking | - Part 4

Bank of England puts the brakes on: Investments, Savings, Annuities and Mortgages

The Bank of England has finally put the brakes on the relentless rate hiking cycle. A rise had been heavily pencilled in but was wiped off the board by the surprise fall in inflation. Even before the announcement, the markets reacted, with implications for savers, mortgage borrowers and anyone considering an annuity. As the market digested the news that inflation had come down, it decided a rate rise wasn’t so likely after all. As a…

Central Banks need Weird Barbies By Charles White Thomson, CEO, Saxo UK

Posted on by The Editorial Team

In this commentary, Charles White Thomson, CEO at Saxo UK, explains how he wants institutions like the Bank of England’s Monetary Policy Committee to have their own Weird Barbies so that we can break the cycle of groupthink. Inspiration comes in strange places and as I sat watching Barbie, the charismatic Weird Barbie struck a chord with me. She reflects an antidote to group think, lethargy and the popular dumbing down at the institutional and…

The role of financial institutions in increasing the pace and scale of Africa’s Renewable Energy Transition

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By James Agin – Executive – Corporate and Investment Banking Absa Bank Kenya The urgent need to combat climate change has thrust renewable energy into the global spotlight. As governments, businesses, and individuals grapple with the challenges of reducing carbon emissions, the role of financial institutions in supporting and propelling the renewable energy transition is becoming increasingly prominent. The financial services sector, with its financial power, extensive networks, and ability to drive systemic change, has…

African Development Bank fund approves grant for solar electricity

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ABIDJAN (Capital Markets in Africa) — The African Development Bank’s (www.AfDB.org) Urban and Municipal Development Fund (UMDF) (https://apo-opa.info/43CHYIN) has approved a grant of $485,000 for a solar electricity project in Namibia that will power some 50,000 households in the capital city. The “Informal Settlement Renewable Electrification and Upgrading Program” will directly benefit around 200,000 people in Windhoek, where around 20% of the population does not have electricity. The Urban and Municipal Development Fund helps governments…

Take Charge of Your Career with Expert-Led Energy Storage Live Online Course

Posted on by The Editorial Team

Registration is now open for the Energy Storage Live Online Course, with sessions commencing on 14th July and 1st December 2023. Energy storage differs from other energy technologies in the breadth and complexity of its addressable market and revenue opportunities. This training course provides a comprehensive, business-focused analysis of these opportunities, allowing attendees to analyse, understand and segment them. While naturally focusing on battery storage, this course also covers the variety of competing storage technologies…

Natural capital, an option for African governments to finance Sustainable Development Goals

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ABIDJAN (Capital Markets in Africa) — Africa must use all its comparative advantages to mobilize the resources it needs to finance its sustainable development ambitions. Since 2010, official development assistance has declined, falling to its lowest level of $34 billion in 2022, according to Organisation for Economic Co-operation and Development (OECD) estimates. Access to international capital markets remains constrained and costly due to investors’ perceptions of high risk. But the continent is not short of…

Commentary: UK inflation Remaining in Double Digits

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LONDON (Capital Markets in Africa)- UK headline inflation falls to from 10.4% to 10.1% in February as Core inflation, stripping out food and energy prices, stays at 6.2%. Food and non-alcoholic beverages rise at fastest rate since 1977. Douglas Grant, Group CEO at Manx Financial Group PLC: Having narrowly avoided a recession, the UK economy could be showing signs of light at the end of the tunnel. However, the latest flatlining GDP data highlighted sluggishness…

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