Managers of Wealth Africa

How Top African Brands Weathered the Storm amidst Pandemic

MTN and Dangote retained their status as the most admired African brands.

South African firm sells life business to Sanlam for ZAR100m

Deal is in line with ‘the company’s strategy and stated intention to dispose of its insurance cluster’

G7 Development Finance Institutions and multilateral partners to invest over $80 billion into African businesses over the next five years

The announcement is a welcome boost to support the long-term development objectives of African economies that have been negatively impacted by the crisis

ITFC signs a US$ 250 Million Framework Agreement to support the Development of Key Economic Sectors in the Republic of The Gambia

The agreement aims at boosting trade development across the country’s agriculture, energy, healthcare, and private sectors over a period of five years

Ecobank raises first sub-Saharan tier two sustainability notes

Investor interest for this sophomore eurobond issue was global, including the UK, the US, Europe, the Middle East, Asia and Africa, achieving a 3.6x oversubscribed order book, of over $1.3 billion at its peak.

African Development Bank launches AUD$600 million (USD$463.9 million) Kangaroo Social Bond

A Kangaroo bond is a foreign bond issued in the Australian market by non-Australian firms and is denominated in Australian currency

27four launches accelerator managed by women for women in fund management

The accelerator will also serve as a pipeline to grow women fund management talent by creating entry opportunities in established asset management firms.

Finance Minister asks IFC to increase private sector funding

The retreat will enable the government and the IFC to look at ways to align the government’s post-COVID-19 response plan with the IFC’s country strategy.

Jubilee Allianz General launches discounted SME covers

Jubilee Allianz has partnered with several financial firms to provide premium financing, giving SMEs the room to pay in instalments.

Business Talk – In conversation with Old Mutual Insure’s Christelle Colman

Colman also discusses the the rollout of the Adjudication of Road Traffic Offences (Aarto) Act and its impact on the insurance industry.

Prestige Assurance plans N3.37b capital raise

The company also gave a dividend payout of 2.5kobo, representing N331.3 million for the 2020 financial year, which was appreciated by the shareholders.

UAE's Solar Energy Startup PAWAME To Expand African Operations As It Announces $2.5mn In Funding

The company has launched $5mn Series A for expansion in Africa

QNB, VTB Capital in deal to launch Qatar, Russia funds to attract foreign capital

VTB aims to use its expertise in the debt and equity capital and real estate markets in Russia to attract international financing for the development of the country's economy, he said.

Business Talk – In conversation with Baker McKenzie Africa practice head, Wildu du Plessis

Du Plessis is a member of the Law Society of the Northern Provinces.

The 10 most startup-friendly African countries for investors right now

Nigeria startups, according to the Partech report, received the most investment in 2020 at a total value of $307m in 71 deals and an average deal size of $4,3m.

‘Insurance-to-GDP ratio to rise’ as Heirs Insurance takes off

Heirs Insurance and Heirs Life have a paid-up share capital of N10 billion and N8 billion, and are backed by leading reinsurers, providing a second layer of security for clients’ insurance portfolios.

Sudanese bank launches first green sukuk for renewable energy

Power cuts have grown more frequent over the past year, while diesel for generators is often scarce and more expensive after recent subsidy cuts.

We Supported COVID-19 Fight with N350m, Says Union Bank

He added that employees of the bank, through the 2020 Employee Volunteer Day initiative with the theme, “The Gift of Water,” provided potable water to over 15,000 Nigerians.

How Wema Bank is Supporting Nigerians with Loan Offerings

Wema Bank Plc is not only staying ahead of the curve with loan products, it is drawing the curve.

Fed Govt plans more Sukuk bonds to fund projects

She attributed the success of the Sukuk issuances to the increased confidence from market participants given that the Sukuk bonds are tied to specific projects that can be tracked.

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