RMB - Rand Merchant Bank’s Post

Sanlam Kenya is winding up its property, bottled mineral water, and asset management businesses as the insurer struggles to prop up earnings following years of losses and dividend drought for shareholders. The company, a subsidiary of South Africa's financial services conglomerate Sanlam Ltd, says - Sanlam Investments Ltd (asset managers), - ChemiCemi Mineral Water Company (bottled water), and - Mae properties (property)— have remained inactive and the group is winding them up. — Business Daily #kenya #Sanlam #closing #tradearlnews

RWANDA: CIMERWA Plc, previously owned by South Africa’s PPC (with a majority shareholding), was recently acquired by the Devki group. Months later, CIMERWA acquired PRIME Cement. The cement industry in Rwanda has undergone significant transformations, evolving from modest beginnings to becoming a critical component of the country's infrastructure development. Here is a link to the timeline highlighting key milestones and pivotal moments that have shaped the industry's journey, offering insights into its growth, challenges, and prospects. https://lnkd.in/d-tVihz8 #RwandaEconomy #BusinessAcquisition #CIMERWA

REAL Estate Investment Zambia (#REIZ) was the best performer on the Lusaka Securities Exchange (#LuSE) last week after recording a turnover valued at over K5.8 million while Zambian Breweries was the least with K140. During the period under review, the companies on the local bourse posted an overall turnover valued at over K8.19 million, compared to about K7.23 million the previous week. The rise in overall turnover for last week entails that the local bourse witnessed increased market activity. Of the total K8,190,427.08 value of the turnover, less than K3 million was shared among 15 companies that actively participated in 378 trades. REIZ posted the largest chunk of K5,898,795.07, surpassing total previous week’s turnover of K655.

The Federal Government of Nigeria under President Bola Ahmed Tinubu has set up the Manufacturing Intervention Fund to facilitate the growth of manufacturing businesses in Nigeria. Learn everything about the fund and how to access it today! Watch the full video to learn more => https://lnkd.in/dh6bwxk9 #Manufacturers #businessfunding #manufacturinginterventionfund

[Reducing 10% of its debt] It's currently in a push to give up its conglomerate status and focus mostly on being a metals business based largely out of SA. Nampak announced a R450 million deal to sell its SA liquid cartons business, as well as units in Malawi and Zambia, to a consortium.  Nampak, valued at about R1.4 billion on the JSE, has been grappling with a net debt pile that stood at R4.6 billion at the end of September. https://lnkd.in/dMiD-sWX

"Painkillers and vitamins are both difficult to make but it's far easier to sell a painkiller" Doesn't this ring a bell? Compare selling long-term investment instruments to short-term ones in Ghana. From a sales point of view, it makes a lot more sense if your business chooses painkillers over vitamins. But where the goals of your business are far above and beyond mere sales figures, it will certainly make more sense to choose vitamins over painkillers. And right here, one can emphasize the world of difference it makes to choose long-term investment instruments over short-term ones, especially in developing countries like Ghana. Stock Exchanges and Crowdfunding Intermediaries by design promote long-term investments into profitable businesses. #investment P.C: Foundr

📈 Nigeria Market Update: October 23, 2024 The Nigerian Stock Exchange (NGX) saw a mixed day of trading on October 23, 2024. With a total of 283.7 million shares traded across 7,966 deals, the market recorded a turnover of NGN 8.29 billion. Despite a 52% decline in volume and a 67% drop in turnover compared to the previous day, the number of deals rose by 14%, signaling active trading. 🔼 Top Gainers: Oando Plc (+10%) closed at NGN 89.65 per share. Unilever Nigeria (+10%) and Eunisell Interlinked also saw strong performance. 🔻 Top Losers: Aradel Holdings (-9.99%) and Northern Nigeria Flour Mills (-9.93%) led the laggards. In the broader economic context, ongoing reforms, including the unification of the exchange rate and the removal of gasoline subsidies, continue to stabilize the macroeconomic environment, paving the way for long-term growth despite short-term challenges. #NigeriaEconomy #NGX #StockMarket #MarketUpdate #FinancialMarkets Sources: NGX, World Bank SIMPLY WALL ST

Connecting Funders and Founders At ODIGITAL Startup Drivers, we believe Africa is positioned to transfer the drivers of our economic growth, from our natural resources, to our ongoing nascent technology revolution. We have partnered with Tekedia Capital to democratize access to co-invest in early-stage, technology-driven startups, operating in Africa, and beyond. Our mission is to multiply the numbers of people who become equity owners of these high-growth ventures, positioned to redefine and disrupt industries, and deliver exponential return on investment for investors at future exits. To achieve our mission, we actively connect technology startup founders with investors who fund their growth and scaling initiatives. This asset class has proven to be the prime vehicle for driving technology-enabled business performance, while creating financial abundance and wealth, for stakeholders. On our platform, you can co-invest a minimum of $250 in Tekedia Capital's technology startup investment deals, and with $1,000, you can have a portfolio of 4 startups, minimizing risk, and maximizing returns. We invested in a startup at $1m valuation in 2020, and it's now valued at $300m. We funded another venture in 2022, that's currently valued at $150m. We have delivered 3 highly profitable exits to investors, in less than 2 years after funding. We have an ongoing funding round ending May 31st, with 10 great funding deals for you to get your equity, and position yourself for future profitable exits. If you want to build a future of financial prosperity, connect with us via direct message, or email - invest@startupdrivers.com, or click - https://lnkd.in/dHd8K9ZN - to join our WhatsApp platform for more details.