Managers of Wealth Africa

FCMB Group Plc earns N8.9 billion in Profit Before Tax for HY 2021

Operating expenses rose 9% Year-on-Year to ₦48.0 billion in the first half of 2021, largely due to increased regulatory costs.

Turning the Kenyan Capital into Africa’s Financial Hub

Nairobi’s advantages include political stability and good connectivity, as well as a stable exchange rate and diverse pool of talent

Zenith boss seeks impact investment in Africa

Onyeagwu explained that impact investment was one which yields optimal returns for investors and guarantees value for stakeholders and society in general.

Absa Bank Kenya breaks tradition and goes out looking to help grow SMEs

Business Banking Director of Absa Bank Kenya Elizabeth Wasunna-Ochwa believes Africa is still an open playing field and there is plenty of room to include SMEs.

African Development Bank loans Seychelles $20 million to cover budget gap

The 2021 budget approved in April by the National Assembly is for a sum of SCR 11 billion ($519 million) and it gives more attention to the fisheries sector and relaunching the tourism industry.

Four Funds With $7 Billion in Adani Have History of Wrong Bets

Because the funds are registered in the tax haven of Mauritius, their ownership structure is opaque.

Kenya deal with UK aims to turn Nairobi into Africa’s financial hub

Co-operation agreement intends to help drive international investment into the east African city

Treasury targets Sh60 billion in August bonds sale

Last month’s bond, which also had an advertised target of Sh60 billion, raised bids worth Sh116.9 billion out of which the government took up Sh79.9 billion.

Old Mutual boosts savings culture with insurance product

The underwriter said in a statement on Monday that it had become more important to focus on a goal and work towards it while at the same time ensuring protection from unpredictable circumstances.

South Africa-based insurtech startup, Pineapple raises $3.4M Series A

Previously, in 2017, Pineapple raised $400,000 in seed funding with participation from Lireas Holdings.

One of Nigeria’s high-profile angel investors is launching a fund for African startups

Olumide Soyombo of PiggyVest and Paystack fame is starting Voltron Capital seven years after investing on his own.

Nigeria's Pension Fund Hits N12.6trn - PenCom

The Director General, PenCom, Aisha Dahir-Umar, said this at the 2021 Journalists Workshop held on Monday in Lagos, with the theme: Positioning the Pension Industry in the Post COVID-19 Era.

Opus Fund Services opens Mauritius Office

Mauritius has built a solid reputation as a secure and reliable financial center.

South African assets lifted by improved global mood

The rand reacted little to data showing consumer inflation slowed

Africa-based firms still keen to expand despite AfCFTA enactment challenges

The trading pact is still under implementation due to the substantial undertaking involved in integrating a massive economically fragmented continent.

Lesotho: African Development Fund extends $4.25 million loan to modernize tax collection, boost revenue

Specifically, financing will be used to procure and install e-taxation, e-payment, and e-invoicing software and hardware and to integrate financial institutions and mobile money providers into e-payment systems.

South Africa’s best and worst life insurance providers, according to customers

Policyholders now expect the same instant responsiveness to their needs from their insurers

South Africa: Government, Business Commit to Rebuilding SA Economy

In a statement, the Presidency said the meeting reflected on the challenges faced by key industries and discussed priorities and measures that need to be taken to rebuild and reposition the country.

As economy bleeds, banks’ profitability soars

Telecommunications and information services, which have benefited positively from the lockdown and restricted movement that started last year

Standard Bank wants to pull the trigger and buy Liberty

But will they be able to deliver on the growth implied in their share price? And what about the potential interim dividend to shareholders announced in June?

Alternative Investments