Managers of Wealth Africa

Developer partners Fidelity Bank on housing finance

The construction is inspected stage by stage by quality assurance professionals before our client authorizes payment, eradicating the problem of builder/developer non-performance.

Kenyan companies get IFC investment

Most of the investments are in form of long-term loans, with IFC acquiring significant stakes in a few firms.

Safaricom undecided on new savings product after testing

The firm had completed testing the new product, dubbed “Mali” (Kiswahili for wealth), but its fate remains unknown.

Stanbic loses Sh1.4bn in GDC, Chinese firm deal

Stanbic Bank had provided the Advance Payment Guarantee for HOOSL in favour of GDC

SA portfolio inflows jump on record Eurobond

The current-account gap hasn’t dipped below 2% of GDP since the end of 2016 and, together with a budget shortfall that’s projected to be the widest in more than a decade next year, it keeps pressure on the rand.

AfDB gives Kenya Sh38 billion loan for link road to Tanzania

The road will also link the ports of Dar es Salaam, Tanga and Mombasa, and stimulate the blue economy in coastal areas.

Real estate: New offering targets Nigerians in Diaspora

He explained that an external body would vet professionals or developers building the houses at different stages to ensure quality construction before each payment.

Afreximbank focuses its ambitions on North Africa

The bank, whose shareholders are both private investors and African governments, is now seeing the importance of supporting trade flows between North Africa and sub-Saharan Africa.

Take down the walls that separate us – Mottley . . . PM calls for more collaboration among African, Caribbean and Pacific states

Canadian banks are selling most of their assets in the Caribbean.

Danish firm buys stake in African trade financier

TDB has membership comprising of 22 states drawn from Common Market for Eastern and Southern, East African Community and South African Development Community.

Kenya starts selling bonds via mobile phones

Kenya‘s banking system is fuelled by mobile payments.

General insurers profit up 29pc in nine months

The companies cut their commissions to agents by 11.8 percent to Sh4.7 billion while also reducing management expenses marginally to Sh21.8 billion.

A Flight to Quality

Investment managers in South Africa continue to be attracted by the opportunity not only to invest outside of the country

South Africa records less foreign direct investment

The portfolio investment inflows were 40.2 billion rand from July to the end of September, compared with inflows of 10 billion rand in the previous quarter, mainly reflecting the government’s issuance of international bonds of $5 billion, the SARB s

France injects €2.5 billion into Africa to finance SMEs

Revealing details of the financial solutions to SMEs and start-ups in Accra, Deputy CEO of Proparco, Djalal Khimdjee said they are working to increase capital injection on the continent from 2.5 billion to about 3 billion euros.

Equity’s James Mwangi makes Bloomberg 50 list

The Nairobi Securities Exchange-listed firm is set to take a 62 percent stake in Banque Populaire du Rwanda and full ownership of BancABC Tanzania, BancABC Mozambique and Atlas Mara Zambia.

NSE records first gain in December, up 0.19%

UBA went up by 3.85 percent to close at N6.75, while UACN appreciated by 3.11 percent to close at N8.30 per share.

South Africa's Growth Forecasts Slashed, Recession Risk High

Barclays analysts wrote that they see clear downside risks in South Africa, given the ongoing decline in the South African Reserve Bank’s leading indicator for economic activity.

South African business sells off insurance arm

As Newcastle-based advice firm makes first acquisition in M&A pipeline

Trustco Embraces South African Opportunity

Significant synergies exist between the two entities - Constantia services traditional insurance markets in South Africa while LSH services the micro insurance market in Namibia.

Alternative Investments