Managers of Wealth Africa

Bond proceeds send shilling to 8-month high

The country imports a wide variety of goods, including petroleum products, wheat, second-hand clothes, motor vehicles, vegetable oils and industrial machinery.

How women entrepreneurs can grow their businesses, by FirstBank Chairman

According to Awosika, the way the world is structured makes room for small businesses that understand the power of connectivity to thrive.

NSE sustains positive profile as capitalisation gains N13b

Analysts at Afrinvest Limited said: “In the last trading session of the week, we expect to see a mild reduction in the market gains as investors tilt a little towards the fixed income market.”

IMF and some key policy queries for Kenyans to ponder

There will be short-term support owing to Covid-19, but the long-term vision is a reduced budget deficit through revenue growth and cost rationalisation.

Treasury snaps up Sh81bn in oversubscribed April bond

The April IFB, sold when there were no bond maturities, takes the Treasury’s net domestic borrowing for the fiscal year to about Sh447 billion, which is 78 per cent of the current target of Sh572.7 billion.

Heed NSE advice on selling State shares in parastatals

Profitable firms like Safaricom and KCB, for instance, offer the government an opportunity to realise big capital gains from stock sale.

South Africa is sitting with R42 billion in unclaimed pensions – here’s how to search if you are a beneficiary

The registrar of Pension funds provides a central database on the FSCA website to assist members of the public to ascertain through the search engine if there are any unclaimed benefits due to them.

NSE seeks sale of State stake in Safaricom, KPA

The mounting public debt has seen Kenya commit more than half of taxes or Sh1 trillion annually to paying loans, leaving little cash for building roads, affordable housing and revamping of the ailing health sector.

Nigeria: Why these 7 companies may be delisted from the NSE soon

This was obtained from the NSE’s X- compliance report.

NSE closes negative after recovering from 7 weeks losses in the previous week

During the week, prices of 42 equities appreciated, 22 depreciated in price while the remaining 98 equities maintained their prices.

West Africa’s Family-Owned Business Landscape

Jersey Finance is proud to support the launch of Asoko Insight and Business Day’s first-ever study on West Africa’s family-owned business landscape.

Our Focus Is On Union Bank's Next Growth Phase

By 2009, I had risen to the role of Executive Director in charge of Commercial Banking and Global subsidiaries.

Ecobank, Fidelity Bank and Access Bank drop as NSE banking index rises

UBA was the top gainer yesterday with profits of (4.35%) supporting the (+1.47%) held in the previous trading session.

Nigeria's Pension Industry Asset Under Management Increased by 17.9% YoY to N12.30trn in Jan 2021

This was an increase of four percentage points in just one month. Over 12 months the share of NTBs has collapsed from 15.2% to 5.4%.

NCBA profit slumps 42pc to Sh4.57bn

NCBA’s fall in profit for last year is the third sharpest after DTB Group’s 52.14 per cent plunge to Sh3.25 billion and Absa Kenya’s 43.8 per cent to Sh4.2 billion.

More firms eye mergers and acquisitions for turnaround

In a report on insurance, investment bank, EFG Hermes forecast activity in both listed and non-listed space due to recorded losses, capital inadequacy or bad operating metrics.

Equity Bank freezes dividend for second year as profit falls 11pc

Net interest income rose by 22.6 per cent to Sh55.15 billion, while non-interest income grew 25 per cent to Sh38.51 billion.

New South Africa jobs data paints a grim picture

Part-time employment increased by 87,000 (9.2%) quarter-on-quarter, from 943,000 in September 2020 to 1,030,000 in December 2020.

IXAfrica begins construction of East Africa's largest hyperscale-ready datacentre at 42.5MW

IXAfrica datacentres are designed to accommodate modern high-load servers and infrastructure for ultra-dense computing in accordance with the latest global standards.

Dubai, the business capital of Africa

Growing numbers of Africa-focused companies are basing themselves in the emirate

Alternative Investments