Managers of Wealth Africa

Citigroup Chasing Growth in Emerging Markets as Rivals Retreat

“We’re going to look at increasing the canvas for the bank compared to where we are now,” Naveed Kamal, chairman of EMEA EM corporate banking, said in an interview.

Diaspora inflows up Sh18bn despite pandemic shocks

The World Bank’s forecast in April was largely based on assumption that migrant workers will be hardest hit by job losses and pay cuts across the globe because of economic fallout as a result of coronavirus pandemic.

213 companies vie for honours at 2020 Ghana Business Awards

Organizers of the Ghana Business Awards (GBA), Globe Productions have announced the commencement of processes towards the year’s Ghana Business Awards. This is in partnership Ministry of Business Development, Graphic Business, Nobel International B

Mauritius Introduces Premium Travel Visa for Long Stays

An online platform for the e-Visa application will be available shortly.

Finance Minister announces measures geared towards accelerating economic recovery

Minister Padayachy pointed out that the economy suffered from the national lockdown which resulted in a contraction of 15 % of our GDP in March-May and 32,5% in April-June compared to the same period last year.

Co-op Bank to focus on local expansion

Mr Muriuki said that Co-op Bank’s recent acquisition of Jamii Bora Bank is part of the ongoing local expansion, adding that the new subsidiary is expected to return to profitability from next year.

Wealth Tax Among Mboweni’s Options to Fund South Africa’s Budget

Minister set to detail spending and revenue adjustments

Early results show mixed performance in third quarter

Companies that have submitted their results included United Capital Plc, Africa Prudential Plc, GlaxoSmithKline Consumer Nigeria Plc, NCR Nigeria, Unilever Nigeria, Chemical and Allied Products (CAP) and Austin Laz and Company.

Investing in sub-Saharan Africa

‘Over the last four years…we’ve been negative on SA companies’: Danesh Ranchhod from Franklin Templeton Investments.

Understanding the benefits – and risks – of alternative investments

To grow, preserve and diversify wealth.

Zimbabwe: Vic Falls Stock Exchange Launches With Only One Trading Partner

The VFEX is a wholly-owned subsidiary of the Zimbabwe Stock Exchange (ZSE) and will trade solely in foreign currency targeting mining companies in Zimbabwe and the Africa continent, before expanding across the globe.

Philanthropic investments in education are among our most urgent priorities

South Africa has a wealth of organisations that are involved in the education space and philanthropy recognises that until we fix education, most progress is hindered.

National Development Bank to take off from January 2021

The government in 2017 hinted it will establish a national development bank in the country.

AfDB to guarantee Kenya’s mortgage refinancer bond

Chief executive Johnson Oltetia said the state-backed lender will piggy-back on AfDB’s top credit rating (AAA) with a stable outlook in the debut cash call, and thereafter build its own reputation among investors.

Africa’s Top Insurer Refocuses on Home Base After Deal Misfires

It was part of a plan to diversify away from South Africa, which accounts for most of its earnings, as the economy struggles a recession, high unemployment and corruption.

Africa Prudential records N1.41bn Q3’20 PAT

Gross earnings was N2.63bn, compared to N2.90bn in Q3 2019, a nine per cent year-on-year decline.

Job cuts spark insurance policy cash withdrawals

“What many insurance firms are doing now is to divest from where they had invested money, such as in Treasury bonds, to meet obligations of increased withdrawal requests for pensions and surrenders from life products.”

Retirement schemes eye Sh25bn big project deals

The pension funds especially want to leverage their long-term funding model for the projects through the government’s public private partnership (PPP) model.

Sanlam empowers communities with free financial training

Financial literacy is a key component to improving individual financial behaviour, preventing over-indebtedness and ensuring overall financial resilience.

South Africa has run out of money

Many experts slammed this plan as a “wish list of imaginary blessings” and the recycling of old and failed policies.

Alternative Investments