November 27, 2024/d.light Acumen’s Hardest-to-Reach (“H2R”) initiative has invested $5 million in Brighter Life by d.light (“BLd”), the first multi-country receivables financing facility formed by d.light and African Frontier Capital (“AFC”). BLd purchases customer receivables generated from d.light’s solar home system sales in Uganda, Kenya, and Tanzania, enabling these subsidiaries […]

November 26, 2024/Coronation Research MPC Decision Monetary Policy Rate hiked by +25bps to 27.50% from 27.25%. Asymmetric corridor around the MPR retained at +500bps /-100bps. Cash Reserve Ratio for Deposit Money Banks retained at 50.00%. CRR for Merchant Banks retained at 16.00%. Liquidity ratio retained at 30.00%. The Monetary Policy […]

Image Credit: Coronation Research November 26, 2024/Coronation Research The national account for Q3 ‘24 from the National Bureau of Statistics (NBS) show that GDP grew by +3.46%, an improvement from +3.19% y/y recorded in Q2’ 24. The service sector was a significant driver of this growth, expanding by +5.2% y/y […]