Managers of Wealth Africa

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.

Investment One records highest month on month growth on RSA Fund II

Investment One ranked first out of 22 Pension Fund Administrators, having recorded a 6.16% month on month growth on its Fund II, the highest among other PFAs.

Investors Pile Into Africa Unconcerned About Virus Spreading

Investors are looking past the risks as unprecedented stimulus by governments and central banks around the world drives down the dollar and re-awakens the search for yield.

Arab Monetary Fund Loans $211 Million for Morocco’s Economic Recovery

The loan is intended to help Morocco address the repercussions of the COVID-19 crisis.

Oppenheimer, Cisco-backed Harambe raises $1 million for African tech startups

Based in the US, Harambe-founded companies raised more than $500 million from prominent families, individuals and international companies to support African entrepreneurs.

Jersey – Supporting Economic Growth and Job Creation in Africa

A study published in 2014 by Jersey Finance found that over the next 30 years, Africa needs to invest US$85 trillion in its infrastructure to support its growing population

S. Africa's Sanlam buys out Nigerian insurance business from First Bank

Sanlam did not disclose the value of the deal

New era for RMB Holdings as shareholders vote in favour of unbundling FirstRand

The group's property business does not directly own any physical property.

Pandemic bond: EA states to access up to $15m from World Bank

The payouts will be in addition to the $1.74 billion that the World Bank has already disbursed to Kenya, Ethiopia, Uganda, Somalia and Rwanda in the past three months in form of loans and grants, meant for Covid-19 response, budgetary support and for figh

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