by admin | Mar 24, 2025 | business, economics, financial services, investing, investing business news
By Francis Ntow, GNA
Accra, March 25, GNA – The IMF has announced that it plans to invest $450 million into Ghana’s private sector this year with the aim of enhancing productivity and generating job opportunities.
Mr. Kyle Kelhofer, who serves as the Senior Manager for Ghana, Liberia, and Sierra Leone at IFC, World Bank Group, mentioned that this assistance provided to businesses is an integral part of their initiatives aimed at decreasing global poverty and enhancing overall development.
During an interview conducted alongside a visit to several Foreign Direct Investment (FDI) firms in the nation led by the Minister of Trade, Industry, and Agribusiness, Mrs. Elizabeth Ofosu-Adjare, in Accra over the weekend, he made these remarks.
“Last year, our investments in Ghana reached over $450 million, primarily benefiting the private sector. We aim for a comparable figure this year as well. Therefore, we will keep providing support to businesses on a commercial basis with the objective of generating additional and higher-quality employment opportunities,” stated Mr. Kelhofer.
He characterized the minister’s trip to the firms with the aim of understanding their difficulties and assisting in resolving them as a correct move toward luring and maintaining international enterprises within the nation, which would aid in boosting economic development.
He stated that the government can keep working towards enhancing the investment environment, enabling businesses to flourish and attracting additional enterprises such as B5Plus. This would help create more and higher-quality job opportunities in Ghana and increase local value addition.
He believed that increasing domestic manufacturing could aid the nation by decreasing imports and reducing costs for other sectors’ growth. He advocated for establishing additional opportunities to utilize indigenous materials and manpower.
Mrs Ofosu-Adjare stated that the government, via the Ministry, would address issues related to land disputes by employing Alternative Dispute Resolution (ADR) methods. Additionally, they aim to tackle tax concerns to foster an environment where businesses can flourish within the nation.
She urged international businesses to handle their employees with respect, stating, “Your workforce is your backbone—treat them right, compensate them fairly, and collaborate joyfully.”
GNA
SOF
Provided by Syndigate Media Inc. (
Syndigate.info
).
by admin | Mar 24, 2025 | banking, business, economics, investing business news, money
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Ecobank Kenya has injected KSh3.5 billion ($27 million) into its capital reserves to meet the requirements of the updated banking regulations and fortify its financial position.
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This investment aims to support the bank’s expansion within Kenya and across East Africa. Following this infusion of funds, their overall capital base in Kenya will increase to KSh8.5 billion ($65 million).
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The Central Bank of Kenya has set a deadline for all commercial banks in the country to increase their core capital to KSh10 billion by 2029.
Bonface Kanyamwaya, who works as a journalist for LIFEHACK.co.ke, possesses over a decade of experience in areas such as finance, economics, business, stock markets, and aviation. He offers valuable perspectives on both Kenyan and international developments.
Ecobank Kenya has invested KSh3.5 billion ($27 million) to reinforce its capital position in line with the regulatory requirements set by the Central Bank of Kenya (CBK).
This investment aims to support the bank’s expansion of business operations in Kenya and East Africa—increasing its overall capital base to KSh8.5 billion ($65 million) in total.
All commercial banks in Kenya have been directed by Central Bank of Kenya to increase their core capital to KSh10 billion by 2029, with an initial target of KSh3 billion by end of 2025.
This action comes after changes were made to financial sector regulations at the end of last year when President William Ruto enacted the Business Laws (Amendment) Bill into law.
“Kenya holds significant importance as a strategic marketplace for the Ecobank Group and serves as a vital economic center fostering development throughout East Africa. This capital infusion bolsters Ecobank Kenya’s capacity to capitalize on emerging business prospects and generate lasting value for all stakeholders—aligning perfectly with our objectives of expansion, innovation, and profitability,” stated the bank’s CEO, Jeremy Awori, in an official press release.
This funding will allow the bank to aid business growth, ease cross-border commerce, and boost access to financial services.
Awori mentioned that this extra funding would support crucial economic factors such as local companies, small and medium-sized enterprises, financial technology firms, and female-led ventures.
Extra funds boost business expansion
This additional capital injection will strengthen the bank’s ability to broaden its footprint within key areas such as agriculture, manufacturing, information and communication technology (ICT), and innovation, along with payments and remittances, plus tourism and hospitality.
Moreover, the financial institution plans to utilize the extra funds to support budding sectors such as renewable energy, transportation and logistics, medical services, and retail commerce. The emphasis will be on fostering sustainable growth within Kenya and the broader East African region.
“This significant reinforcement bolsters our capacity to act as the preferred financial partner for international organizations, local companies, small and medium-sized enterprises (SMEs), fintech firms, and women-led businesses. It also solidifies our position as a leader in regional trade and payment solutions throughout Central, Eastern, and Southern Africa,” noted Josephine Anan-Ankomah, Managing Director of Ecobank Kenya and Regional Executive for Central, Eastern, and Southern Africa.
The modifications requiring commercial banks to bolster their capital requirements impacted the Banking Act, the Central Bank of Kenya Act, and the Microfinance Act. These amendments were designed to reinforce the stability of the banking industry.
Banks keep their capital levels relatively low.
Starting from 2012, commercial banks have been required to maintain a minimum core capital of KSh1 billion. Efforts to increase this requirement to KSh5 billion in 2015 did not succeed.
The most recent banking oversight report indicates that 11 institutions have failed to reach the KSh3 billion minimum core capital requirement mandated for the close of this fiscal year.
Earlier,
LIFEHACK.co.ke
It has been reported that if the Central Bank of Kenya (CBK) proceeds with the suggested rise in core capital from KSh 1 billion to KSh 10 billion over a span of three years, approximately 24 banks could be forced to close, affecting around 7,000 employees.
by admin | Mar 24, 2025 | banking, business, investing, investing business news, money
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The highest-grossing firms and banks in Kenya showcased significant increases in profits along with considerable dividend distributions for the fiscal year 2024, with the banking sector at the forefront.
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Large financial institutions such as the Co-operative Bank, KCB Group, and Standard Chartered Bank saw notable increases in their annual profit figures.
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Daniel Kathali, an economist who spoke with LIFEHACK.co.ke, stated that the profit margins can partially be credited to yields from government bonds along with elevated interest rates on loans and several additional elements.
Elijah Ntongai, who works as a journalist for LIFEHACK.co.ke, possesses over four years of experience in researching and reporting on finance, businesses, and technology. He offers valuable perspectives on both local Kenyan developments and international patterns.
Investors in Kenya are rejoicing as the start of the 2024 fiscal year brings a wave of strong profit declarations and substantial dividend distributions from several top firms across the nation.
All publicly traded companies, including major banks and leading firms in industries such as energy, agriculture, and corporations, have published their fiscal year-end results for the period concluding in December 2024, as mandated.
What factors led to higher profitability?
Significantly, numerous firms listed on the Nairobi Securities Exchange reported unprecedented profits and dividends, crediting their enhanced profitability to different strategic approaches.
Commenting on the increase in profitability during a time when numerous Kenyan enterprises and overall business expansion faced challenges nationwide, Daniel Kathari observed that many companies must prioritize their stakeholders and undertake ventures that generate greater returns.
In recent times, we’ve observed a rise in internal lending by the government. Consequently, numerous enterprises, especially within the finance industry, have seized the chance to significantly invest in low-risk Treasury bonds and notes, yielding substantial returns. Additionally, these banking institutions have made considerable investments beyond Kenya’s borders; their overseas branches are generating significant revenue as well.
Don’t overlook the fact that loan interest rates were extremely high, enabling banks to levy up to 20%, thereby potentially boosting their profit margins. The stabilization of the Kenyan shilling likely played a role as well in contributing to the substantial profits recorded in 2024,” remarked Kathali.
Companies and dividends announced
In 2024, the banking sector has proven to be exceptionally successful, with leading banks announcing significant increases in profits and substantial dividend payouts for 2025.
Company
|
YoY profit growth (%)
|
Profit after tax (KSh)
|
Dividend paid out per share (KSh)
|
Payment date
|
1.
|
Cooperative Bank of Kenya PLC
|
9.8%
|
25.5 billion
|
Final dividend of KSh 1.50
|
June 10, 2025
|
2.
|
ABSA Bank Kenya Plc
|
28%
|
20.9 billion
|
Final dividend of KSh 1.75
|
May 22, 2025
|
3.
|
Standard Chartered Bank in Kenya Limited
|
45%
|
20 billion
|
Final dividend of KSh 37
|
May 28, 2025
|
4.
|
KCB Group Plc
|
64.9
|
61.8 billion
|
Final dividend of KSh 1.50
|
May 23, 2025
|
5.
|
Stanbic Holdings Plc
|
12.8%
|
13.71 billion
|
Final dividend of KSh 18.90
|
May 16, 2025
|
6.
|
East African Portlands Plc
|
Final dividend of KSh 1.00
|
March 21, 2025
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7.
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Safaricom Plc
|
Intermediate dividend of KSh 0.55
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March 21, 2025
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8.
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Kenya Power & Light Company PLC
|
Intermediate dividend of KSh 0.20
|
April 11, 2025
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9.
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EABL
|
Intermediate dividend of KSh 2.50
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April 30, 2025
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10.
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KenGen
|
Final dividend of KSh 0.65
|
February 13, 2025
|
As many leading Kenyan firms have already released their fiscal year 2024 earnings reports along with dividend distributions, market participants are now looking forward to similar updates from additional sector leaders.
A number of these firms like Safaricom Plc, Equity Group Holdings Plc, and British American Tobacco Kenya (BAT Kenya) are anticipated to disclose their financial outcomes for the fiscal year ending December 2024 along with the subsequent final dividend distributions.
by admin | Mar 23, 2025 | business, business & finance, government, investing business news, news
Lifehack My ID
– Lembaga Penguasa Dana Asing Akan Meluncurkan Struktur Kepengurusannya Secara Utuh Besok, Hari Senin, 24 Maret 2025.
Hal tersebut disampaikan oleh
Chief Executive Officer
(CEO) Danantara, Rosan Roeslani, yang menyatakan bahwa jadwal untuk mengungkapkan informasi telah diatur.
“Pengumuman tentang pengurus penuh Danantara akan dilaksanakan hari Senin pukul 12:00 siang.” Tempat acaranya “nanti akan diberitahukan,” jelas Rosan Roeslani saat berbicara dengan para reporter di Jakarta dan kutipan tersebut dirilis pada Minggu (23/3/2025).
Ketika diminta mengonfirmasi apakah pengumuman tersebut akan dilakukan secara pribadi oleh Presiden Prabowo Subianto, Rosan tidak bersedia menyatakan dengan pasti.
Dia pun tak menyebutkan siapa-siapa saja tokoh yang akan bergabung dalam Dewan Penasihat Danantara. “Iya, besok Senin pukul 12:00. Jadi Besok tinggal menunggu di hari Senin itu,” lanjutnya.
Pengurus Danantara tidak berasal dari kalangan penitipan
Saat menyalin postingan Rosan dari akun Instagram miliknya,
@rosanroeslani,
mengklaim bahwa tak seorangpun dari anggota terpilih dalam jajaran pengurus Danantara akan diumumkan nanti.
Setiap anggota tim manajemen Danantara terpilih berdasarkan kualifikasi mereka dengan cara yang profesional dan telah melewati seleksi perekrutan yang sungguh mendetail.
“Pesan dari Bapak Presiden tentang Danantara sungguh tegas, tanpa adanya pesanan atau campur tangan. Proses pemilihan tim harus dijalankan secara profesional, melalui seleksi yang terbuka serta didasarkan pada kemampuan,” kata Rosan.
Mantan Ketua Kadin tersebut mengatakan bahwa Indonesia harus menciptakan lingkungan berinvestasi yang kondusif. Dengan adanya Danantara, diharapkan dapat merangsang perkembangan perekonomian.
“Kondisi investasi yang menarik bersama dengan lingkungan industri yang mendukung menjadikan atraksi bagi investasi strategis yang terukur, terorganisir, dan berkesinambungan,” jelas Rosan.
“Kami bertekad untuk mendukung investasi jangka panjang yang memperkuat perkembangan ekonomi dalam negeri,” lanjutnya.
Kepengurusan Danantara
BPI Danantara secara resmi diperkenalkan oleh Presiden Prabowo Subianto pada tanggal 24 Februari 2025. Ketika mengumumkannya, Presiden Prabowo memilih Menteri Investasi dan Hilirisasi/Badan Koordinasi Penanaman Modal (BKPM), yaitu Rosan P. Roeslani, untuk menjadi kepala dari BPI Danantara tersebut.
Untuk mendampingi Rosan, terdapat Dony Oskaria yang bertugas sebagai Kepala Holding Operasional (
Chief Operating Officer
/COO) dan Pandu Sjahrir yang ditunjuk sebagai Kepala Holding Investasi (
Chief Investment Officer
/CIO).
Selanjutnya, Menteri BUMN Erick Thohir diangkat menjadi Ketua Dewan Pengawas BPI Danantara. Kemudian juga, Muliaman Hadad dipilih untuk menjabat sebagai Wakil Ketua Dewan Pengawas BPI Danantara.
Selanjutnya, beberapa mantanPresiden Republik Indonesia juga diundang untuk berperan sebagai penasihat BPI Danantara. Mantan presiden tersebut adalah SBY yaitu Susilo Bambang Yudhoyono, yang merupakan Presiden keenam RI, serta Jokowi atau Joko Widodo selaku Presiden ketujuh RI.
Di samping kedua figur internasional tersebut, yaitu bekas Perdana Menteri Britania Raya Tony Blair dan Chief Executive Officer dari Bridgewater Roy Dalio, disebut-sebut akan bergabung dalam Dewan Penasehat Danatara. Hal ini dilakukan untuk memastikan bahwa setiap individu dapat menyediakan bimbingan berdasarkan pengalamannya sendiri.
Keahlian mereka mencakup berbagai area seperti investasi dan pengelolaan risiko dengan keunikan masing-masing. Tentu saja ini menjadi harapan.
expertise-
“Keahlian mereka memiliki reputasi yang sangat bagus,” ujar Dony Oskara.
“Harapannya, dengan keahlian mereka, dapat memberikan masukan tentang cara menyusun dan mengimplementasikan tata kelola yang efektif dalam manajemen investasi pemerintahan ini,” jelasnya.
Menurutnya, curriculum vitae (CV) beberapa figur internasional telah dikirimkan kepada Presiden Prabowo Subianto. Dia menggarisbawahi bahwa mereka adalah profesional terkemuka.
Mereka bertujuan untuk berpartisipasi dan menyumbangkan hal terbaik bagi Indonesia sehingga ketika ada keraguan di kemudian hari dari publik, mereka dapat menunjukkan bahwa orang-orang tersebut benar-benar jauh lebih baik daripada gosip yang berkembang. Semua ini melibatkan para profesional,” ungkapnya.
Untuk susunan Dewan Pengawas Danantara akan dipenuhi oleh beberapa figur nasional. Di antaranya adalah Ketua Komisi Pemberantasan Korupsi (KPK) serta Ketua Badan Pengelola Keuangan (BPK).
“Semua ini sebenarnya mengindikasikan betapa pentingnya kehati-hatian, terlebih karena pihak yang berpartisipasi adalah orang-orang profesional dengan niat baik. Jika tidak demikian, mereka mungkin merasa cemas ketika harus bertemu dengan begitu banyak pengawas,” jelas Wakil Menteri BUMN tersebut.
Pengurus Sementara Danantara
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Ketua Badan Pengawas: Menteri BUMN Erick Thohir
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Wakil Kepala Badan Pengawas: Muliaman Hadad
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Konsultan Danantara: Susilo Bambang Yudhoyono (SBY) serta Joko Widodo (Jokowi)
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CEO Danantara: Menteri Investasi dan Pengolahan Industri/Kepala BKPM Rosan Roeslani
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COO Danantara: Deputi Menteri BUMN Dony Oskarias
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CIO Danantara: Pandu Sjahrir
(Elsa Catriana, Dian Erika Nugraheny, Yohana Artha Uly, Sakina Rakhma Diah Setiawan, Erlangga Djumena)
by admin | Mar 23, 2025 | business, economics, investing business news, investing company news, money
Tip Cerdas Mengelola Akun My.ID.CO.ID – JAKARTA
Konglomerat Prajogo Pangestu mengalami penurunan kekayaan secara signifikan bersamaan dengan penyusutan Indeks Harga Saham Gabungan (IHSG) baru-baru ini.
Pembuat grup bisnis Barito ini harus meninggalkan statusnya sebagai orang terkaya di Indonesia usai nilai saham perusahaannya yang terdaftar di Bursa Efek Indonesia (BEI) merosot drastis.
Prajugo kini berada di urutan keempat sebagai salah satu orang terkaya di Indonesia, menggantikan posisinya yang sebelumnya memuncaki daftar selama lebih dari 12 bulan.
Keberuntungan Prajogo Pangestu Meningkat, Lihat Daftar 10 Orang Tertinggi Kekayaannya di Indonesia akhir Minggu ini
Di bulan November 2023, nilai asetnya meroket hingga US$ 38,7 miliar, yang membuatnya menjadi orang terkaya di Indonesia untuk kali pertamanya.
Berdasarkan data
Forbes Real Time Billionaires
pada hari Jumat (21/3/2025), ketika bursa saham ditutup, kekayaan Prajogo naik sebesar 9,14% menjadi US$ 17,7 miliar.
Selama tiga sesi bursa kerja terakhir, total asetnya bergerak naik dari titik terendah sebesar US$ 14,6 miliar yang dicatatkan saat dagang Selasa (18/3/2025).
Walau sudah meningkat, kekayaan aset Prajogo belum cukup untuk menyingkirkan kedua tycoon dari Grup Djarum, yakni saudara Hartono, serta pemilik bisnis batubara Low Tuck Kwong, dari peringkat mereka yang tinggi.
Di penghujung minggu ini, Presiden Direktur PT Bayan Resources Tbk (
BYAN
), Low Tuck Kwong masih menempati posisi tertinggi sebagai orang terkaya di Indonesia dengan kekayaan bersih senilai US$ 27,3 miliar.
Konglomerat Prajogo Pangestu Lagi Beli 1,77 Juta Lembar Saham BREN
Pada urutan kedua dan ketiga secara beruntun terdapat nama Robert Budi Hartono yang memiliki kekayaan sebesar US$ 19,9 miliar, disusul oleh Michael Hartono dengan jumlah kekayaan mencapai US$ 19,1 miliar.
Keberkahan mereka berkurang sebanyak 4,5% dibandingkan dengan hari sebelumnya, utamanya disebabkan oleh penurunan nilai saham PT Bank Central Asia Tbk (
BBCA
) senilai 5,67% berubah menjadi Rp 7.900 per saham pada hari Jumat.
Sementara itu, posisi kelima ditempati oleh pendiri dan ketua Indorama Corporation, Sri Prakash Lohia, dengan kekayaan bersih sebesar US$ 8,5 miliar.
Berikutnya, posisi keenam dimiliki oleh pendiri serta CEO dari DCI Indonesia, Otto Sugiri, yang memiliki kekayaan sebesar US$ 6,8 miliar, disusul oleh founder grup usaha Mayapada, Tahir, berada di urutan ketujuh dengan total aset senilai US$ 4,9 miliar.
Prajogo Pangestu Kembali Membeli Saham Barito Renewable Energy (BREN)
Posisi delapan sampai sepuluh diisi berturut-turut oleh pemilik saham minoritas BYAN, Dwi Kam, yang memiliki kekayaan sebesar US$ 4,8 miliar; pendiri dan ketua komisaris DCI Indonesia, Marina Budiman, juga dengan kekayaan US$ 4,8 miliar; serta pencipta dan kepala CT Corp, Chairul Tanjung, dengan aset senilai US$ 4,2 miliar.
