Managers of Wealth Africa

South African companies must seize FDI opportunities in Africa

The biggest FDI is by Bidvest, followed by Standard Bank, which secured 28% of its headline earnings from these investments in its last financial year.

Kasada Capital Management raises over USD 500m for new hospitality fund dedicated to Sub-Saharan Africa

The first platform of its kind in Sub-Saharan Africa, Kasada Capital Management intends to bridge the gap between the local hospitality market players and international investors.

World Bank’s new president to visit sub-Saharan Africa

Malpass was quoted as saying that Africa was a key priority for the bank, due to its high concentration of the world’s poorest people.

Finserve inks pay deal with e-commerce firm

Jenga Payment Gateway makes it possible to undertake payments on American Express, Visa and MasterCard among other electronic mobile wallets.

Buyers of troubled banks eye bargains

“Transactions are happening at significantly cheaper valuations, perhaps due to the smaller banks’ relatively poor performance, leading to liquidity constraints, which may warrant even further capital injections, hence the cheaper acquisition

Kenyan SMEs stifled by lack of financing

Kenya's First Lady Margaret Kenyatta admires a sample of the exhibited products at the official opening of the Regional Family Conference in May 2018 at KICC, Nairobi.

BoG To Clean Forex Bureaus

Mr Abradu-Otoo also noted that the central bank was confident the cedi would continue to hold its value for the remainder of the year.

AfDB Active Portfolio in Nigeria hits $4.5bn

At a meeting with the African Development Bank President in Abuja, President Muhammadu Buhari commended the Bank for its successes and pledged Nigeria’s continuous support for the institution

Rwanda opens doors to UAE investors

The forum discussed ways of developing the UAE-Rwanda economic and trade relations and shed light on Rwanda’s investment environment.

Uganda’s current account deficit surges to $2.7 billion

A rising import bill usually triggers higher demand for foreign currency among importers and a decline in the local shilling.

AfDA invests $258m on rehabilitation of damaged infrastructural facilities in N/East – Adesina

He revealed that the African Investment Forum which was organised by the bank in 2018

African free trade area could be operational in July

The trade bloc spanning 49 countries with a combined GDP of $3trillion, will facilitate inter-regional trade, boost growth and help to alleviate poverty, its supporters say.

Sudan receives $3 billion from Saudi Arabia, UAE

In recent years Sudan has been hit by an acute lack of dollars, a key factor behind the nationwide protests that led to the toppling of Bashir by the army this month.

Mauritians eyeing more investments in East Africa

Kenya has attracted the largest number of investors, with data showing that the islanders have invested over Ksh10 billion ($100 million) in the country, mostly in financial services and the sugar sector.

Why foreigners are buying luxury homes in Kenya

“The tourist season is also one of the longest anywhere at 40 weeks a year, with no typhoon season or extreme weather conditions to trouble it—only the rainy season around Easter.

Botswana's Blue Diamond Set to Challenge Its Most Famous Rival

Okavango Blue graded higher than Hope Diamond for purity

Mauritius puts India-focussed funds, others under its regulatory lens

The increased scrutiny is pushing back timelines and jacking up costs of setting up India-focussed funds in Mauritius

Investors cautious on Kenya’s public housing

Developers want to see at least a 20 per cent profit margin on development, a yield that is impossible to achieve from the low-end housing market.

South Africa’s Hopes

Ramaphosa’s rise to power produced a wave of optimism that governance would improve in South Africa.

Standard Bank restructures its new coal generation model

"We consider long-term impacts alongside shorter-term outcomes, and balance the interests of the Group, stakeholders and societies in which we operate to deliver positive impacts and create sustainable value on the African continent."

Alternative Investments