Managers of Wealth Africa

Load shedding threatens an asset exodus, but SA can take decisive steps

Exacerbating the situation is the high number of foreign investors ditching South African assets.

FinTech startups helping Nigerian millennials invest in US stocks

All of that informed our move as there’s a really strong demand for it—especially among the internet-connected crowd.”

TLcom Capital closes $71M Africa fund with plans to back 12 startups

On geographic scope, TLcom Capital will focus primarily on startups in Africa’s big-three tech hubs — Nigeria, Kenya, South Africa — but is also eyeing rising markets, such as Ethiopia.

NSE bonds turnover doubles to Sh37bn

“The year opened with the market quite flushed with liquidity. We saw a lot of interest in short and medium term bonds from locals,” head of fixed income desk at Genghis Capital Kenneth Minjire said.

Morocco seeks to leverage Brexit to become an African investment hub

Just a few days before the Brexit agreement came into force on January 31st, Mohcine Jazouli, Minister Delegate to the Moroccan Foreign Minister in charge of African Affairs, visited London.

House prices decrease marginally

This negative feedback loop has clouded the house market outlook and led to price rediscovery in favour of a downward correction

Absa’s PMI at lowest level since September 2019

According to Investec, this was mainly underpinned by deepening rates of contraction in the backlog of sales orders and employment that dropped to ten- and six-year lowers, respectively.

Raging Bull Awards: Mi-Plan outshines SA's bigger players

Last year’s winner, Allan Gray, which has dominated the awards in recent years, slipped back to fourth position, while Alexander Forbes Investments was fifth.

TFSA vs RA

Deciphering the investment choices.

CDC Group to invest £2 billion in African businesses over the next two years

CDC Group, the UK’s publicly owned impact investor, is to commit a further £2bn into African businesses over the next two years, as it looks to double the size of its portfolio on the continent.

African Economic Outlook 2020: Africa’s economy forecast to grow despite external shocks

The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa

No One Wants to Be a Nigerian Stock Trader as Volumes Plunge

“Revenue that brokerage companies earn has a strong correlation with the volume of trade.”

After the big spending under Ghosn, come the cuts at Nissan

Japan’s second-biggest carmaker is set to shed at least 4,300 white-collar jobs, on top of a turnaround plan unveiled in July 2019 29 JANUARY 2020 - 13:06 NORIHIKO SHIROUZU

Investec to sell Limpopo, Rustenburg malls for R727m to invest abroad

At the moment, the conclusion of the disposal awaits approval from the Competition Commission, but are expected to conclude in March 2020.

CDC Group launches new wave of African investments

Investors have a real opportunity to embrace the UN’s Sustainable Development Goals

African venture capitalists bullish over VC sector ahead of Nigerian Interswitch’s IPO

2020 is expected to be a good one for tech investments in Africa, says venture capitalists

Africa is resurging, AfDB tells global investors

Lists $108b yearly infrastructure financing gap

Middle East, Turkey and Africa to spend top dollar on innovation, digital transformation

Additionally, spending on artificial intelligence will top US$600-million in 2023, doubling from 2018 levels, while IOT spending will reach US$17-billion in 2023, six times the value seen in 2018.

Ghana Delays Mining IPO to Review Royalty Payment Processes

Ghana picked Bank of America Corp. to lead plans for the dual-listing in London and the local bourse, people familiar with the matter said in November.

Africa-Europe Alliance: Four new financial guarantees worth €216 million signed under the EU External Investment Plan

This article is brought to you in association with the European Commission.

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