Managers of Wealth Africa

What Sanlam-Soras merger means for Rwanda’s insurance market

The Rwandan insurance sector makes losses in underwriting and is only profitable due to investments in aspects such as real estate, equities and government securities.

Jobs bloodbath looms as Standard Bank SA is set to close 91 branches

Standard Bank SA also said the decision was difficult but it needed to be done to save business.

Africa’s Stock Exchanges are integrating, but why?

The Egyptian Exchange became one of the seven stock exchanges that will be linked in AELP’s first phase a month ago.

SEC assures investors of vibrant asset management industry

SEC notes that, in view of this, supervision and enforcement is also being strengthened to ensure that the licensees deliver on their mandate to the investing public.

Regional integration remains low, according to African Regional Integration Index

The Continent’s large infrastructure deficit remains a major hindrance to intra-regional trade.

African Bank is joining the rush into digital banking

Now, as the business gets back on its feet, the bank’s competitors will want a way out, whether that be an initial public offering or a takeover, said chief executive officer Basani Maluleke.

Kenya goes slow on quest for sovereign debt amid high fees on global markets

It has not helped that the IMF last year downgraded Kenya’s debt distress rating from low to moderate, causing investors to demand higher yields on Nairobi’s new debt.

Kenyan Teacher Who Aids Poor Wins $1 Million Global Prize

In his acceptance speech in Dubai, Mr. Tabichi said his mother died when he was just 11, leaving his father, a primary-school teacher, with the job of raising him and his siblings alone.

Businesses demand more say on EAC agenda to promote investment

“If business leaders are allowed in the rooms where policies are made, then business can be put at the forefront and we will make more progress,”

Leading Ladies Africa Lists 100 Most Inspiring Women in Nigeria for 2019

This week we continue the list of our annual 100 Most Inspiring Women in Nigeria list for 2019. For the fifth consecutive year, the list features 100 Nigerian women drawn from a diverse range of backgrounds and sectors who are deliberately impacting their

Africa Climate Week signals continent's huge investment opportunity

Delegates attending the Climate Week – who number close to 3,000 – observed a one-minute silence for the victims of the catastrophe, which continues to devastate coastlines along Southern Africa.

Islamic banking largest sector, contributing to 71pc of industry’s assets

Global Sukuk outstanding surged by a record 25.6% to close at USD 399.9 billion as at end 2017

We’re targeting 30m contributors by 2024 with micro pension- PenCom boss

The Micro Pension Plan is set to include the self-employed and persons working in organizations with less than three employees.

How can Africa solve its capital flight problem?

Such high levels of capital outflows and lost revenues deprive African governments of the ability to mobilise domestic resources and have a material impact on economic development.

Angolan banking system is “lacking” in the prevention of money laundering

Florentino, who at the conference spoke on “Supervisory action of banking financial institutions in the field of money laundering prevention,” underlined that there is still “inadequate diligence in the Angolan banking system.”

Eskom mess could dump SA back into recession this year

The bank may have to adjust its forecast of a 1.3% growth in gross domestic production this year, up from 0.8% last year, partly based on the election of Cyril Ramaphosa to head the ruling African National Congress party last December.

South Africa's February inflation tame, central bank to keep rates pat

Headline consumer inflation quickened to 4.1 percent year on year in February from 4.0 percent in January, while on a month-on-month basis prices rose 0.8 percent after falling 0.2 percent a month before, Statistics South Africa said on Wednesday.

How South African startups are solving informal sector problems [Opinion]

Not all startups have that Silicon Valley mentality.

Why South Africa’s new expat tax is fair: expert

Until now, these individuals were exempt from paying tax in South Africa, despite enjoying the benefits of their families living in the country, she said.

The economy is on the ropes, and it will force a change in SA

South Africa made use of financial experts in Switzerland to find money on a daily basis as sanctions hurt.

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