Managers of Wealth Africa

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?

Fidelity Bank, media firm support women empowerment

Ikeji expressed her confidence in the management’s capacity to impact positively on the growth and development of women-owned businesses in Nigeria.

Access Bank launches AccessX to enhance self-service banking

“AccessX is an additional touchpoint to back up our customers."

Nedbank's Go Green Fund Still Protecting Natural Resources

"This type of institutional collaboration is vitally important to assist in good biodiversity conservation outcomes, and sets a good example for others to follow."

CDC Group announces US$50m trade finance facility with Ecobank as part of its Covid-19 response

This marks CDC’s first partnership with EBISA with the commitment aimed at providing systemic liquidity to underserved markets and crucial trade finance support to local banks and businesses across Africa.

Standard Bank in buyout offer for Liberty Holdings

Should Liberty’s minority shareholders approve the transaction, it is expected to be finalised by the first quarter of 2022.

Investec launches business account to attract mid-sized S.African firms

Firms would have to have an annual turnover of at least R30 million.

State Street, First Abu Dhabi Bank partner to offer custody options

First Abu Dhabi Bank will become State Street's sub-custodian in Bahrain, Oman, Saudi Arabia, Kuwait and United Arab Emirates, and State Street will become First Abu Dhabi Bank's global custodian, Mr. Berger said.

Vantage Capital announces the launch of its fourth mezzanine fund

Vantage will continue its focus on supporting Africa’s mid-market sector as it commences deployment on its newly-raised fourth mezzanine fund.

Zimbabwe: Govt to Allow Pension Funds to Invest Offshore

Despite the initial inflationary pressures that came with the re-introduction of the Zimbabwe dollar, the macro-economic environment has stabilised in recent months.

Mobile banking company REZQ-Baraka raises $20m for expansion

ZCFH said through its Africa unit it has applied for an online digital banking licence only with undisclosed partners to expand into the financial technology (fintech) sector.

Old Mutual Insure pays R500m for Covid-19 business claims

Old Mutual Insure has paid out 10% of the R5bn set aside for pandemic-related business claims

FG Inaugurates Advisory Board for African Enterprise Initiative

Chief Executive Officer of SMEDAN, Managing Director of Bank of Industry, Chief Executive Officer of Nigeria Sovereign Investment Authority, and Country Director for the African Development Bank are also members of the board.

Botswana Woos Chinese Investors as Lenders Shun Coal Projects

“With the resources we have, we could offer potential investors really attractive opportunities.”

Nigeria's GetEquity launches startup funding platform

This pre-seed round investment will enable us to kickstart our vision of building Africa’s biggest startup financing ecosystem.

The benefits of offshore investments and financial emigration

Sensible geographic diversification is wise, but the reality is that how much will depend on the investor.

Property data highlights where in South Africa businesses are under the most financial pressure

While noticeably down from the previous 65.2%, it is still 12.3 percentage points higher than the 43.1% recorded in the second quarter of 2020, the pre-lockdown quarter.

World's largest asset manager downgrades its outlook on SA and other emerging markets' equities

The asset manager also expects a monetary tightening cycle in the emerging markets as many struggle with runaway inflation.

First Ivorian-based innovation wins the Africa Prize for Engineering Innovation

“Biowaste represents two to five times the quantity of crops or produce sold, amounting to 30 million tonnes of disposed waste annually in Côte d’Ivoire,” said N’guessan.

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