Managers of Wealth Africa

SA banks provide over R45bn in Covid-19 financial relief

More than 84 percent of individuals and 95 percent of businesses who requested help, received assistance.

Hope rises for annuity business

While the bickering lasted between the insurance and pension industry, the consumers of the product and the operators suffered.

Shares, bonds turnover increase at NSE in July

The NSE 20 share index ended July lower by 7.1 per cent, while the NSE All Share Index was down 3.2 per cent during the month.

Switching from Hard Sell to Soft Sell

If these new behaviours could be attributed to the impact of COVID-19, who can say how much longer we will wait to experience such positives regarding the regulatory environment and structure of the insurance industry in Nigeria.

Domestic equities market closes on positive note, up by 0.45%

The oil & gas and banking indices advanced by 0.08 percent and 2.38 percent respectively.

Africa’s largest telecoms firm, MTN, to divest from its Middle East operations

The MTN Group is in advanced talks to sell its stake in MTN Syria to the minority shareholder.

Afreximbank wins 2 EMEA Best Structured Finance awards

Afreximbank’s $100 million global guarantee facility in favour of Orascom Construction was also awarded best structured trade finance deal in Africa.

Life insurance evolves in a Covid-19 world

From cover for multi-organ failure, or personal cover you can change as your life changes, SA insurers are rethinking their product range

Foreign reserves decline by Sh41.9bn on debt payments

Analysts said however that the regulator has mainly relied on mopping up excess liquidity in the exchange rate operations, hence pointing to external payments as another reason for the reserves decline.

Trade deficit narrows by 20pc on reduced imports

The total volume of trade in the six months dropped to Sh1.09 trillion from Sh1.18 trillion recorded over the same period last year.

StanChart bonus shares begin trading

The company said it had restructured loan facilities worth more than Sh22 billion as customers whose incomes have been hurt by the coronavirus disruption applied for financial relief.

NSE slides to 17-year low as stocks suffer huge losses

The market shed Sh22.3 billion in Tuesday’s trading alone to close at Sh1.96 trillion compared to Sh1.98 trillion on Monday.

FDH Bank officially listed on Malawi Stock Exchange

The bank offered its shares to the public and initiated the intention to list the MSE to fulfill a contractual obligation with the Malawi Government as part of FDH Financial Holdings Limited’s acquisition of the then government wholly-owned Malawi S

Nigeria's FBN Holdings injects $66 mln from insurance unit sale into First Bank

Chief Executive Officer Urum Kalu Eke said FBN Holdings sold its 65% stake in FBN Insurance to South Africa's Sanlam Emerging Markets, a minority investor in the business.

Equity Recognized Among The Best Banks In The World

Equity has been recognized among the top 1000 best banks globally by the Financial Times Banker Magazine. Equity was ranked at position 754 out of 1000 global banks, a ranking that was based on an array of metrics including the size of the lender, financ

Is Sub-Saharan Africa’s Capital Market in Distress?

Investment banking plays a crucial role as mediator between companies that issue securities and the individuals or entities wishing to purchase them.

'Africa is a Land of Opportunity.' United Bank for Africa Chairman Tony Elumelu on Why Now Is the Time to Invest in Africa

Countries in Africa face particularly grueling obstacles as COVID-19 cases across the continent continue to surge, locusts swarms in east Africa threaten food security and the African Development Bank warns of a looming recession due to the pandemic.

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