Managers of Wealth Africa

Absa Group Closes Large Money Market Mutual Fund

Fund investments are made via the fund management business and cannot be counted on the bank’s balance sheet in the same way as bank deposits.

Nigeria joins Middle East’s Digital Cooperation Organization at first meeting

The first meeting was chaired by Abdullah Al-Swaha, Saudi Arabia’s minister of communications and information technology.

African Bank’s New CEO Looks to Expansion After Industry Hiatus

African Bank will continue to digitize its channels and seek partners to help grow the range of products offered to clients, Bungane said.

Insurance profits surge despite Covid-19 fallout

In 2019, Jubilee, Sanlam and Alliance Life registered a total of Sh4.927 billion.

Allianz Insurance and UBA Ghana forge bancassurance partnership

This will empower them to focus on their daily activities and businesses knowing they have protection against any insured loss.

A closer look at gender-lens investing

While gender-lens investing is spoken about in the industry and at a regulatory level, meaningful execution is distinctly lacking.

5 possible reasons why Absa just killed SA’s third biggest unit trust

The fund represents nearly a fifth of all the money in South African money market funds.

TQ Group announces partnership with Legacy Africa Capital Partners

As it stands, TQ Group designed and manages one of the largest privately owned screen networks in the world.

IMF hikes growth forecast for the Middle East, says recovery will be ‘divergent’

Real GDP in the MENA region is now expected to grow 4% in 2021, up from the fund’s October projection of 3.2%.

Middle East and Africa M&A activity jumps 52% in Q1 2021

M&A targeting the region reached $32.7bn across 110 deals, up from $21.5bn in 85 deals in the first quarter of 2020

Nigeria: Increased Borrowing May Trigger Structural Reforms in Nigeria - Report

The report noted that several African countries, including Nigeria, Kenya and South Africa were planning to borrow from the international capital markets.

Laurium Capital launches Irish UCITS Africa bond fund

Paul Robinson, portfolio manager said: "With global investors on the hunt for yield, African Eurobonds currently provide access to a liquid asset class which is offering some of the most attractive USD yields globally.

Billions in pension funds yet to be claimed

Others are those who might have left their funds prior to the passing of the surplus apportionment law in 2001.

Bond proceeds send shilling to 8-month high

The country imports a wide variety of goods, including petroleum products, wheat, second-hand clothes, motor vehicles, vegetable oils and industrial machinery.

How women entrepreneurs can grow their businesses, by FirstBank Chairman

According to Awosika, the way the world is structured makes room for small businesses that understand the power of connectivity to thrive.

NSE sustains positive profile as capitalisation gains N13b

Analysts at Afrinvest Limited said: “In the last trading session of the week, we expect to see a mild reduction in the market gains as investors tilt a little towards the fixed income market.”

IMF and some key policy queries for Kenyans to ponder

There will be short-term support owing to Covid-19, but the long-term vision is a reduced budget deficit through revenue growth and cost rationalisation.

Treasury snaps up Sh81bn in oversubscribed April bond

The April IFB, sold when there were no bond maturities, takes the Treasury’s net domestic borrowing for the fiscal year to about Sh447 billion, which is 78 per cent of the current target of Sh572.7 billion.

Heed NSE advice on selling State shares in parastatals

Profitable firms like Safaricom and KCB, for instance, offer the government an opportunity to realise big capital gains from stock sale.

South Africa is sitting with R42 billion in unclaimed pensions – here’s how to search if you are a beneficiary

The registrar of Pension funds provides a central database on the FSCA website to assist members of the public to ascertain through the search engine if there are any unclaimed benefits due to them.

Alternative Investments