Managers of Wealth Africa

Egypt NBE arranges $16bln syndicated loans over last 3 years

The bank also ranked third on the African level, and seventh in the Middle East in terms of syndicated loans.

Boon for African Small and Medium-Sized Enterprises as African Guarantee Fund receives USD 33 Million Capital Increase

The African Guarantee Fund is focused on its goal to provide financial guarantees for over 10,000 SMEs annually through partner financial institutions and as a trickledown effect, create 30,000 jobs per year.

Banks and Safaricom to widen NSE dominance

Safaricom ended 2019 with an annual capitalisation gain of 42 percent

Can Team Ramaphosa Stabilize South Africa's Economy?

The evidence suggests that the response of 'Team Ramaphosa' has hitherto been high on aspirations, good intentions and rhetoric but low on substantive policies.

Big Investment in African Tech Set to Continue in 2020

The same week, OPay, the fintech platform from Opera (that is aggressively moving into the ride-hailing market across Nigeria with ORide) secured $120 million Series B investment from Chinese investors.

Equity now develops cold feet to step into Zambia, Mozambique markets

The Kenyan-based bank has also developed cold feet on increasing its presence in the Tanzanian market

Talks on increasing offshore investment ‘progressing well‘, says state pension fund

In the financial year under review, the fund only earned 2.6% in investment returns, which was largely driven by performance of its investments on alternative assets like bonds and fixed income.

Kenya raises domestic borrowing for third time

Analysts say the additional domestic borrowing could increase the cost of bank deposits as lenders compete with the government for savings from high-net worth investors, denying bankers room to offer cheap loans to households and businesses.

Kenyan banks are takeover targets as external risks grow

The banking industry has sufficient capital buffers to withstand shocks which include heightened tensions between US and Iran

São Tomé and Príncipe receives US$5 million from the World Bank

The prime minister said he considered these funds “important to reverse the current macro-economic reality,” of the country

Nigerian Equities Decline for Second Consecutive Year

The two telecommunications giants boosted the market capitalisation by N3.265 trillion.

Q3 growth reduces to 5.1 percent

“Deceleration in growth was mainly on account of suppressed growth in most of the sectors of the economy,” the national statistics office said.

Africa’s largest pension fund changes tack

equity portfolio.

Zambia plans to compel copper miners to account for gold

Mulenga said Zambia's target for gold production next year was 40,000 kg and that would come from primary and secondary sources, including artisanal and small-scale miners.

What the United Arab Emirates can show asset-rich nations in Africa

Abu Dhabi’s oil is the explanation the UAE holds some $1 trillion in resources and saves through two of its significant sovereign riches reserves, the Abu Dhabi Investment Authority (ADIA) and Mubadala.

TDB signs $450mln Mideast-focused syndicated term financing

Mashreq Bank acted as the Structuring Bank and Documentation Agent, Emirates NBD Capital Limited acted as the Marketing and Roadshow agent

Public debt will hit 63% of GDP end of year – IMF

The directors further called for boosting export competitiveness, increasing economic diversification, accelerating productivity growth, improving the business environment and promoting digitalisation to boost opportunities.

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.

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