Managers of Wealth Africa

EAST AFRICA: TDB Bank will finance several renewable energy projects

The TDB already has geothermal projects in its sights, particularly in Kenya.

Zep-Re profit hits 7-year low on tame Kenya growth

The last time Zep Re profit was this low was in 2011 at Sh896.3 million.

Kenya banks to get Sh17bn SME loans risk guarantee

This will enable the banks to on-lend at least $340 million (Sh34.3 billion) to the country’s SMEs,” AGF told the Business Daily.

Futures trade at NSE set for pilot next Thursday

This will make Nairobi bourse only the second in sub-Saharan Africa after Johannesburg to trade in futures contracts.

UAE's Federal Credit Insurance Company signs MoU with South African's Export Credit Agency

Agreement to explore, strengthen and enhance bilateral trade between two countries

Founders Factory Africa and Netcare to fund 35 health-tech startups

The application process is now open for FFA’s new Africa health-tech program, which will accelerate 5 startups a year and incubate 2, FFA CEO Roo Rogers told TechCrunch.

IFC to exit Ecobank Group

IFC and ETI have worked together since 1993 to broaden access to finance, enhance trade liquidity, and strengthen Ecobank.

Jubilee launches financial services, targets Ethiopia

Dr Kipng’etich said the insurer is also looking into partnering with financial institutions to grow uptake of its products.

Kenya pays Sh22bn interest for Eurobond debt

The interest payments worked out at Sh4.5 billion per year, payable in two equal bi-annual instalments of Sh2.25 billion, the last of which was paid alongside the principal amount.

Don't expect debt relief, United States warns Africa

U.S. officials have warned that a strategic port in the tiny Horn of Africa nation of Djibouti could be next, a prospect the government there has denied.

Imerman-owned drinks group secures $100 million

Vivian Imerman’s Vasari Beverages has raised US$100 million to expand its operations in Africa and secure new acquisitions.

Amethis Fund II hits €375m final close

Both the Edmond de Rothschild Group and Ariane and Benjamin de Rothschild’s family have renewed their trust and reinvested in the new fund.

Microfinancier taps new shareholders

Its shareholders had in 2016 identified constrained capital as a key weakness.

British CDC to invest US$ 200 million in BMCE Bank of Africa

The group invests in financial institutions to advance financial inclusion and bring better access to affordable finance for individuals and SMEs, helping them to strengthen their communities.

Biggest marine diamond mining vessel gets funded by African banks

The highest quality diamonds in the world are found in our ocean

World Bank report says Ghana needs another $1 billion (GH¢5.5 billion) to complete the financial sector clean up

World Bank says the government of Ghana will need $1 billion (GH¢5.5 billion) to complete the reforms in the Micro Finance Institutions (MFIs) and Saving and Loans (S&L) companies.

Mweheire Presents East Africa’s Diversified Opportunities To South African Businesses

Mweheire delivered the keynote address where he positioned the East Africa region as the next investment frontier for oil and gas.

Capital flight fears as foreign firms urged to list on regional bourses

Uganda is the latest East African country seeking listing of foreign companies through legislation, after Kenya and Tanzania.

Africa defies slowdown in global investment

This has positioned Africa as a strategic investment hub.

Debt, deficit and a monetary union conundrum in EA’s expanded budgets

Uganda’s fiscal deficit is significantly above the 3 per cent ceiling agreed with the International Monetary Fund in the charter for fiscal responsibility.

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