Managers of Wealth Africa

SANNE announce new client win

This collaboration is representative of the continued efforts of SANNE to maintain a leading position within the Africa-centric hub.

22 banks facilitated $23.9bn investments in Nigeria — NBS

Findings revealed that many of the banks were able to facilitate large sums of investments into the economy as a result of their foreign exposure.

Post-Covid-19 SA will need a natural ‘stimulus package’

This will get our economy back on track and provide long-term impetus for South Africa to become a prosperous and wealthy nation.

A more challenging year for South Africa's banks in 2020

Fitch believes that the South African operating environment is particularly exposed to the Covid-19 pandemic because of its highly dense and vulnerable communities

Nonperforming loans in Nigeria fall by 41% in 2019

The year-on-year nonperforming loans (NPL) in the Nigerian banking sector has fallen by 41% from N1.79 trillion in 2018 to N1.05 trillion in 2019.

Stanbic gives 3-month loan holiday for SMEs

The Stanbic move comes after government last week cut turnover tax from three percent to one percent.

UAP Insurance Kenya profit rises to Sh970m

Net premiums earnings from policyholders, its core business, were nonetheless flat, rising 1.9 percent to Sh8.30 billion.

Housing Finance cuts loss by 82 percent on reduced costs

HF’s loan book shrunk by 11.3 percent to Sh38.55 billion during the period.

Kenya Re profit before tax up by 35%

Kenya Reinsurance Corporation posted a 35% rise in profit before tax from Ksh 3.10B in 2018 to Ksh 4.18B in 2019, a commendable financial performance given the turbulent and difficult business environment in 2019.

SA Private Equity continues to outperform listed market

Monwabisi Zikolo, a senior private equity analyst at investment firm RisCura, says that the prospects for private equity investments remain favourable despite uncertainty in local and global markets.

Consolidated Bank Ghana commits ¢1m to support coronavirus fight

Institutions who apply to CBG for support, will after swift and timeous due diligence receive assistance for their COVID-19 expenses and procurements.

DRC is new hunting ground for Kenyan corporates seeking acquisitions, mergers

DRC’s insurance regulator granted approval to the insurer to operate in the non-life business market.

Access Bank issues first dual listed bond on NSE and LuxSE

These developments have thrust the concept of sustainable financing into the limelight, allowing products like Green Bonds to gain increasing significance.

New Report Exposes Nigerians Owning Property in Dubai

The report, according to its author, is based largely on private data compiled by UAE-based real estate and property professionals.

Government targets GH¢1 billion in 5-Year bond issuance

Each bond to be issued shall have a face value of GH¢1

Kano sets up committee to tackle Pension issues

Members of the Committee include the Commissioner, Ministry of Finance, Shehu Na-Allah Kura, the Commissioner, Ministry for Local Government, Murtala Garo and Sani Gabasawa, Chairman, Kano State Pension Fund Trustee.

Diaspora remittances to Kenya to drop due to coronavirus

Trading in the Nairobi Security Exchange 20 was halted on March 13

Uganda bourse dips as investors hold back

But the USE chief executive Paul Bwiso is betting on Uganda’s buoyant economy, the blue chip stocks and Umeme, a power distribution company, securing a concession from government to drive activity on USE.

What are asset managers delivering?

Are they meeting investors’ needs?

SANNE Connect Issue 20: Africa Edition

Welcome to the latest special edition of SANNE Connect, our dedicated technical bulletin.

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