Managers of Wealth Africa

Access Bank seals partnership with Coronation Insurance on bancassurance

Access Bank has announced a partnership with Coronation Insurance to drive bancassurance in Nigeria.

Egyptian equity firm announces first investment

The LCP Fund II invests in Dsquares, a company founded in 2011 that offers businesses end-to-end loyalty and rewards solutions.

African leaders seek ways to mitigate COVID-19 challenges on human capital

She said governments, financial institutions, and the private sector must stay the course by driving sustainable investment, maintaining access to international markets, putting the brakes on corruption, and strengthening support for small and medium-size

Zimbabwe Stock Exchange: Old Mutual to list Top Ten ETF on Jan 4

Additional investments from other investors will be used to buy shares on the market and add to the portfolio.

Investec maps Australian retreat, boutique spin-off planned

Major ructions are coming to Investec's Australian operations. Quentin Jones

FBN Holdings Wins ‘Great Place to Work’ Awards

In the other categories, First Bank of Nigeria Limited received a gold certification as a great workplace and also won the ‘Best workplace in learning and development, affirming its peak performance in this space.

Experts proffer solutions to Nigeria’s economic crisis

Uwaleke, who called for provision of fiscal incentives for companies listed on the securities exchanges, urged the Federal Government to pursue aggressive export-based diversification

PFA highlights opportunity in pension transfer window

This window officially opened on November 16, 2020, as advised by the National Pension Commission (PenCom).

Despite recession, firms generate N1.6trn revenue

Most businesses were either shot down completely or partially due to the COVID-19

Equity Bank sees Sh50bn cash flow hit

The lender has earned Sh36 billion as interest income on loans and advances to customers or an average of Sh4 billion per month.

Cayman Islands beats Mauritius! FDI into India surges to $2.1 billion

Based on cumulative inflows between April 2000 and September 2020, it is the 10th largest contributor with a 2 per cent share in total FDI flows

Charts Showing Ghana’s Banks Are Rebounding Slower Than Economy

NPLs are slowly ticking lower as growth in Ghana's economy picks up

Nigeria’s Biggest Bank in Talks to Buy Atlas Mara Assets

A deal would also mark the second transaction between Atlas Mara and Access Bank after the Nigerian lender agreed to buy its Mozambique unit at the end of September.

Foreigners piled into South African bonds last month - here's why

It was feared that the Moody’s downgrade would trigger a massive sell-off as foreign investment funds which can only invest in investment-grade bonds, had to dump local bonds.

ENSafrica experts recognised for IP excellence

This publication recognises some of the best up-and-coming IP practitioners in private practice who contributed to the success of their firms and clients.

Nigerian bank reveals extra pay to Moi allies

Access Bank acquired a 99.98 percent stake of Transnational Bank on July 20 and paid Sh1.21 billion in cash at the time of closing the deal.

StanChart partners with Sanlam to launch Bancassurance products

Mr. Rughani also applauded the Bancassurance guidelines that were issued by Tanzania Insurance Regulatory Authority and the Bank of Tanzania for banks and financial institutions in 2019

Afreximbank partners with Rwanda on FDI fund

FEDA is led by chief executive Philip Kamau, an Afreximbank veteran and former senior director, who was appointed to lead the establishment of the fund two years ago.

Mthuli Ncube US$100m for Sovereign Wealth Fund

"The fund now needs to be capacitated in order to perform its functions," said Prof Ncube in the 2021 National Budget presentation.

KCB grosses $10b in assets, eyes buyouts in DRC, Ethiopia

Last year, KCB Group acquired the struggling state-owned National Bank of Kenya (NBK) and took over the good assets of Imperial Bank which was put under receivership by the Central Bank of Kenya on October 13, 2015.

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