Managers of Wealth Africa

Mauritius private equity firm in talks to fully acquire Java

Actis put Java up for sale and sources say it valued the casual dining and coffee chain at $40 million (Sh4.9 billion).

NSE investors lose Sh164bn in State-run firms

Kenya Airways leads with the largest market capitalisation shrinkage of Sh98.6 billion to stand at Sh21.7 billion –capturing its valuation on July 6, 2020, when it last traded.

Joburg property values not justified by the market, estate agents say

Market is stagnant and increase in Joburg’s property base is likely to be an attempt by the city to boost its coffers, they say

Number of unit trust investors triples in a decade

Investing directly often requires more knowledge and higher investable funds for one to achieve diversification and risk management.

Home prices see biggest fall in 4 years as mortgage rates rise

Property dealers have attributed the fall to the rising interest rates that deterred prospective buyers and sky-high inflation in the Western world that depressed demand from Kenyans in the diaspora.

Staff of Access Bank support 70 communities

In addition, staff have provided a firefly machine to the Ussher Polyclinic in the Greater Accra Region so that jaundiced neonates could now receive phototherapy treatment at the hospital.

South African rand weakens against dollar, stocks down

The rand's weakness reflects domestic growth concerns due to an ongoing electricity crisis, Investec analyst Annabel Bishop said in a note.

Reserve Bank sounds the alarm for South Africa’s economy

Economists at the Bureau for Economic Research (BER) agree with the SARB’s projections, with the group’s own data pointing to annual growth below 1% for the year.

SA’s funding partners want to see rapid action on just transition

Plans must fast be turned into action and SA’s partners in the EU and US have urged government to provide an implementation schedule

Equity will get up to Sh510m for acquisition of Spire Bank

There are 38 banks competing in Kenya’s banking sector, which has seen several mergers and acquisitions since 2016

IMF projects Ethiopia, Angola economies to overtake Kenya

Ethiopia is this year set to replace Kenya from position four on the back of easing armed conflict in the nation and the continuation of the ambitious economic reform drive aimed at opening up one of Africa’s fastest-growing but most closed economie

Nigeria: What Nigerians Expect From Insurance Operators in 2023

Indeed, members of the insuring public, going by their behaviours and countenance last year seem not ready to accept anything any insurance firm decides to offer in terms of service delivery that is short of their expectations this year.

Funding African Investments

One of the key selling points of the BVI as a jurisdiction is that it is utilised by, and familiar to, investors from all corners of the world, commented Kuria.

African Development Bank projects 3.3% growth rate for Ghana in 2023

In all, 25 out of the 52 African economies will record weak GDP in 2023.

More plans and promises – government needs to act: CEO

Writing in her weekly newsletter, Mavuso said that there appears to be a renewed sense of urgency to deal with the load shedding crisis that has plagued the country for over 15 years.

Expats are moving back to South Africa – and buying multi-million rand homes

The realty group noted that most of its sales before 2020/21 pandemic were to so-called ‘swallows’

Nigeria’s biggest lender eyes operations in UAE, China, India by 2027

Bank seeks to implement its broader plan to be Africa’s gateway to the world

JSE bleeding customers – and things might get worse

South Africa’s primary stock exchange operator JSE Ltd. has seen a steady decline in the number of listed companies

State faces rates pressure as private sector loans rise

This comes at a time when banks are implementing risk-based lending models to price their loans, replacing the rate caps that were removed in November 2019 and raising interest rates to above 20 percent on the riskiest borrowers.

Another headache for South Africa

South Africa posted a current-account shortfall for a second straight quarter in the three months to September, suggesting the annual outcome may swing to a deficit after two years of positive balances.

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