Managers of Wealth Africa

Virus: Insurance premiums fall Sh806m in first quarter

As at March last year, gross written premiums stood at Sh67.2 billion, a 1.2 per cent decline means insurance premiums now stand at Sh66.4 billion.

Old Mutual launches South African ESG equity fund

Its total annual investment charge, of 1.18% for retail investors, is relatively low for an actively managed equity fund.

Forget the banks, insurers are more vulnerable to Covid-19

Old Mutual told investors recently that it's been difficult to sell, and that some existing customers asked for premium holidays and, in extreme instances, lapsed their policies.

Futuregrowth invests in SA personal finance startup LifeCheq

Futuregrowth, which has previously invested in SA fintech Yoco in 2018, did not disclose how much it had invested in LifeCheq

Global pension assets rose to $32 trillion in 2019

Though Nigeria is not on the OECD list, pension asset value in Nigeria grew by 18.3%.

Stanbic IBTC tasks employees on digitisation, upskilling

The contemporary career trajectory, on the other hand, focuses on experiences and competencies that exist across firms, driven by values that are more flexible and dynamic.

Uganda’s $12b budget offers tax waivers, credit access to SMEs

This is much slower than the average growth rate of 5.4 per cent in the previous four years.

Obi’s dollar investment as Anambra Governor now worth N95bn —Otti

Otti explained that it was through a high level of managerial ability that Obi was able to achieve a great financial feat ‘in a state that was reputed to have been owing civil servants and pensioners’, by clearing off all debts inherited from

COVID-19: Ecobank Supports Private Sector Fund With GH¢1.3 million

The PPEs and kits will complement the national stock of essential logistics required by frontline health workers for the early detection and timely reporting of COVID-19 numbers in Ghana.

COVID-19 : Sanlam to pay out sh475m to its clients

The 10% payout to each of the beneficiaries will help them to kick-start their lives following the disruptions caused by the COVID-19 pandemic.

Absa in the lead on life insurance index

According to the latest results, Absa Life leads with the highest scores on the customer satisfaction index overall.

NSE market capitalisation drops further by N17bn

Commenting, Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said the mixed trend was likely to continue in the preceding week due to anticipated profit taking by investors.

Report: Kenya loses over Ksh 100B in revenue to illicit trade

The sector with the most government revenue loss was food, beverage and non-alcoholic drinks with a share of 23.19%, followed by textile and apparel at 20.09%.

Life Insurance – demonstrating value in a post-pandemic economy

Every household expense will be scrutinised, and customer satisfaction and perceived value for money will be the dealbreakers

Life insurance - demonstrating value in a post-pandemic economy

The benchmark measurement for Life Insurance (2019) provides important insights into the levels of customer satisfaction of South Africa’s major life insurers

FBNQuest Educates Investors on Estate Planning, Wealth Transfer

Commenting on the importance of estate planning, the Managing Director of FBNQuest Trustees Adekunle Awojobi said: “There is a decent appreciation for the importance of investing to secure one’s financial future.

FBN Holdings divests from insurance subsidiary, sells firm to Sanlam

This effectively confers full ownership of FBN Insurance and its subsidiary, FBN General Insurance Limited on Sanlam forthwith, following receipt of all relevant regulatory approvals,” the group said.

Old Mutual Zimbabwe records $2,6 billion loss

The reduction in total assets was mainly due to a decrease in investments and securities to $6,13 billion in the period under review from $17,25 billion in the 2018 comparative.

Value of bad loans hits Sh366bn, CBK reveals

Firms that had borrowed based on the forecast of cash flows have also been struggling to repay their bank loans.

Kenya's trade deficit drops Sh33.6bn on corona woes

As a result, the price of a litre of petrol and diesel in Nairobi had come down to Sh83.33 and Sh78.37 in the May review, from Sh109.50 and Sh101.78 respectively at the beginning of the year.

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