Managers of Wealth Africa

Investing Offshore: Do you need a foreign will?

Legislation in different foreign jurisdictions may vary substantially with regard to succession, inheritance taxes and validity requirements for the signing of wills.

Two firms set to list on Rwanda bourse

“The year has not been that bad for us in terms of activities and transactions.”

Mauritian firm completes Sh1.2 billion acquisition of Saham

The move is second such acquisition by the Mauritian biggest underwriter by market share, marking its expansion into the East African market

Kenya: Why Equity Bank broke off talks with Atlas Mara

EGH is the parent company of the Equity Bank banking group ($400m in revenues in 2018), the second largest in Kenya and also present in Rwanda, Uganda, South Sudan, Tanzania and the DRC.

Network International forecasts 17-20% revenue decline in first half

The transition from cash to digital payments remains in high growth across our markets, where recent indicators point to an acceleration in this trend.

Real Estate sector struggling due to effects of COVID 19

The real estate sector has significantly suffered an economic down turn this year as a result of the Covid-19 pandemic but Maina said they have no plans to audit properties belonging to defaulters.

This little tax-haven island off England is has become a popular spot for South Africans to invest

Guernsey’s so-called ‘40(ee)’ international retirement plans offer a range of retirement planning and other benefits that make them ideal for internationally mobile South Africans, wherever they happen to be working or living.

International Banks Eye NSSA’s US$12m Stake In ZBH Takeover

NSSA oversees the national pension scheme and has 66 528 608 shares in ZB.

State mortgage financier admits IFC, Shelter Afrique

Speaking during the meeting, Mr Oltetia said the financier has applied for a licence to offer mortgage refinance services.

Foreign investors turn sellers at the Nairobi exchange

Overall, the NSE 20 Share Index ended last week 1.6 percent lower, while the NSE All-Share Index was down 4.7 percent.

KDIC postpones move to charge premiums to banks on risks undertaken

The KDIC has however retained its planned roll out of an increased coverage limit effective July 1 from Ksh.100,000 to Ksh.500,000.

CDC, Société Générale take on Africa’s trade finance gap with US$100mn facility

“Our partnership is a significant step closer to narrowing the trade finance gap in the region,” says Admir Imami, CDC’s director of trade and supply chain finance.

Building resiliency in times of uncertainty (By George Ferreira)

Business resilience remains one of the most important and relevant ways for organisations to bypass legacy challenges and to explore new opportunities

Nigerian Stock Exchange reviews pension index, introduces new regulations

“The review of the Index was made imperative by the need to ensure that it continues to represent the appropriate benchmark for evaluating the Pension Fund Assets equity portfolios and remain suitable for all market stakeholders,” Mr Babalola

Deposits payout in collapsed banks raised to Sh500,000

“The new limit will give more protection to depositors in the most unlikely event of a bank failure,” said KDIC chief executive Mohamud Ahmed Mohamud on Tuesday.

Generational financial planning: Tools for wealth transference

From trusts to business assurance, these tools will ensure the safe transfer of wealth to beneficiaries.

‘N5trn liquidity from T-Bills, bonds to boost economy’

Because of the way the pension scheme has been run and operated, you would find that from the PENCOM investment regulation, it provides some level of security in and around pension instruments.

Morocco ripe for investment, says Edmond de Rothschild Private Equity CEO

The economy is taking a hit from the pandemic, with the central bank predicting a 5.2% contraction in the economy this year.

Mboweni backs calls for pension funds to finance infrastructure projects

Mboweni said Regulation 28 provides guidance to pension funds and similar institutions on their investments. Currently it refers to the investment in immovable property.

South Africans are now missing payments and defaulting on loans

These South Africans are increasingly more affected than those who experienced financial hardship before the Covid-19 pandemic, the group said

Alternative Investments