Managers of Wealth Africa

Temenos to expand to West Africa to target Francophone banks

Banking software provider Temenos plans to open an office in Côte d’Ivoire or Senegal to target francophone clients.

Kenya seeks three and a half year access to IMF emergency loans

The new funding to be accessed via the IMF Extended Credit Facility (ECF) which provides assistance to countries with protracted balance of payments problems is expected to support the country’s next phase of COVID-19 response.

South Africa descends deeper into junk after downgrades by Moody’s and Fitch

Only five of 23 economists surveyed by Bloomberg predicted Moody’s to cut the rating.

Over $20 billion pumped into crypto market by big investors

Institutional investors are largely responsible for the massive bullish trend presently playing out in the crypto market.

Nigeria’s Seso expands into SA, Ghana as it bids to ease property management in Africa

Seso Global, a one-stop platform for property management and transactions that began life in Nigeria, has expanded to South Africa and Ghana and is looking even further afield as it focuses on addressing a major challenge on the continent.

Should pension funds be used to bail out the government?

The Association for Savings and Investment voiced its objection to prescribed assets

What South Africans Need To Know About Offshore Investing

In South Africa, there are three primary retirement provisions – pension funds, preservation funds, and retirement annuities – which are each funded in specific ways.

Treasury will keep your retirement money for 3 years after emigration, say lawyers

The National Treasury is going ahead with a controversial plan to impose a three-year waiting period on these withdrawals for emigrating South Africans.

Life Healthcare SA revenue fell R2.3bn owing to Covid-19

Annual results. H1 could be described as ‘normal’, and H2 as ‘stressful’ but with a positive story: CEO Peter Wharton-Hood.

South Africa investment conference attracts $7 billion in new pledges

Ramaphosa said the new commitments were significant given the subdued global economic climate.

Arsenal takeover eyed by Nigerian billionaire businessman Orji Kalu who wants 35 per cent stake to ‘bring back trophies’

Nigerian billionaire Orji Kalu has declared his intention to buy a huge 35 per cent stake in Arsenal.

Deadlock over Old Mutual listing

The Old Mutual implied rate was used to determine forward value of the country's local currency. It was derived from Old Mutual's internal calculations of United States dollar value differences of its Harare, Johannesburg and London securities.

African Eurobonds Set for 2021 Comeback After Missing Rush

Developing nations including Mexico, Russia and China have tapped international debt markets in recent weeks to lock in lower borrowing costs as they recover from the economic impact of the coronavirus pandemic.

Nigerian fintech receives private equity boost

The company expanded into Ghana in 2019 and the new funding will support new operations in Ivory Coast, Kenya, Tanzania and South Africa in the next two years, as well as new product development.

Tony Elumelu soars high

In just six years, with heavy investment valued at millions of Dollars, through his entrepreneurial programme, over 10,000 African youths have been empowered by The Tony Elumelu Foundation TEP.

As Santam loses COVID-19 claims case, reinsurers call the shots

Santam had argued that the pandemic and the lockdown were two separate events, and that the costs of business interruption were therefore not covered by its pandemic policy.

Absa South Africa Rules Out Dividends With Profit Down 40%

South Africa’s banking regulator is following peers in the northern hemisphere, which have urged banks to pause investor payouts at least until January.

Ramaphosa’s investment conference bags R109.6 billion – including investments from Google and Pepsico

These investments will go a long way towards their recovery

Transfer Window: Stanbic IBTC moves to get new customers

He added that as a leader in the pension industry, they have long awaited the transfer window because they understand its importance in driving choice and ensuring that customers can demand optimal service delivery and long-term, efficient management of t

Kenya's Banking Tycoon Mwangi to build Kigali Financial Towers

The Group is a brainchild of Mwangi, whose banking unit already has operations in Rwanda and across Kenya, Uganda, Tanzania, South Sudan, and the Democratic Republic of the Congo.

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