Managers of Wealth Africa

Sanlam owners to repay Sh4 billion Stanbic loan

“Shareholder capital raise is required to retire the Sh4 billion debt issued by Stanbic Bank well ahead of the February 2025 repayment date.”

Finance, Insurance Sectors Gain 26% YoY Growth to Boost GDP in Q1 2023

President Muhammadu Buhari, in November 2022, officially unveiled the newly redesigned naira denominations of N1000, N500 and N‎200 that were introduced by the CBN.

Our African operations are profitable, contribute 50% to group earning, says UBA Africa CEO

The bank has invested heavily and supported key governments of various African countries with over $1bn in infrastructural development, especially in roads, hospitals, health, power, and other critical sectors.

Kenya gets 300 proposals on settling Sh275bn Eurobond

In the Draft Budget Estimates for the financial year 2023/24, the Treasury has budgeted Sh241.75 billion for the maturing bond

IMF staff, Kenya reach agreement on economic programmes

The agreement includes the latest review of Extended Fund Facility and Extended Credit Facility arrangements

Kenya gets Sh162bn IMF loan top-up on tax reforms

This is an increase of Sh162.5 billion

These are the most in-demand job skills in South Africa right now

However, recruitment activity in the month was also impacted by the slew of public and school holidays that took place over the review period.

How to sustain your business

Viability in business generally borders on the survival rate over a protracted period of time.

Wage bill bursts budget by Sh16bn on President Ruto key hirings

Kenya has for years struggled to contain a ballooning public sector wage bill

KCB overtakes Equity as Kenya's largest bank with Sh1.55tr assets

Had KCB consequently consolidated a full year, it would have absorbed a profit of Sh3.2 billion from the Congo unit.

Investors challenge exit prices proposed for Union Bank, Oando acquisitions

This is coming after the companies recently disclosed to the investing public that their core shareholders had made an offer to acquire the shares of all minority shareholders.

Good debt vs bad debt in South Africa

Anthony said that a critical aspect of managing debt is understanding the difference between good and bad debt.

Property prices in these major cities in South Africa have seen the biggest increase

“The RPPI excludes out-of-scope transactions and includes transactions where the buyer is an individual, and the seller is an individual, company, estate, foundation or body corporate.”

FG tells West African operators to reposition insurance industry

The objective behind the African Continental Free Trade Area, she noted, was to accelerate intra-African trade

Zenith Exhibition Targets SME Industrial Start Ups

ZE said the start-up zone package is an initiative established to support the growth SMEs by creating a platform for the visibility of their products and services.

Absa gets Sh3bn KMRC loan for affordable homes

"The Sh1 billion loan from Kenya Mortgage Refinance Company was obtained on September 1, 2022, and has a maturity date of September 1, 2031. Interest is paid quarterly in arrears at a fixed rate of 5 per cent."

Investors are giving South Africa a skip

Gilchrist added that when risk is involved, investors’ assumptions about a country are often overly positive or negative.

Sterling Bank Declares 29% Increase in Profit, Proposes N0.15 Dividend

“Overall, the bank delivered a profit after tax of N19.3 billion for the year ended December 31, 2022, a 28.5per cent improvement on the corresponding period in 2021.”

Gold heads for biggest weekly jump in two months

That is partly due to US Fed chair Jerome Powell’s pushing back on market expectations of rate cuts in 2023

China gives Kenya the tiniest loan since 2008 in fresh shift

Nairobi has been a major beneficiary of China’s loans for the development of mega infrastructure such as roads and a modern railway over the last decade, making Beijing the largest bilateral creditor since 2015.

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