Managers of Wealth Africa

Rapidly rising rates a mixed blessing for banks

Tourism and agriculture are doing well for SA, and economists now expect the economy could grow at 2% or better for 2022

Africa Finance Corporation Diversifies Shareholders with Equity from Côte d’Ivoire, Mauritius and AfricaRe

“The significant level of investment in our country is proof that AFC lives up to its reputation

AfDB raises US$8,9bn for Africa

AfDB disclosed the funding package at the fourth and final meetings of the new replenishment (ADF16) in Morocco.

World Bank targets to pump Sh306bn in Kenyan projects

These funds will be provided in the next four years starting 2023, with the World Bank expected to push for adoption of PPPs to help lower the country’s risk to default by mobilizing more private capital, including green and climate financing.

Eskom sets grim record as 47% of the grid goes down

Back to stage 6 load-shedding as power utility suffers near-record levels of unplanned outages

Nigeria-listed Airtel Africa gets $194mln IFC loan to expand Africa operations

The facility has a tenor of eight years and provides more diversified access to local funding

World Bank faults Uhuru’s growth for helping the rich

“Robust GDP per capita growth since 2005, along with growth in private consumption, saw the share of the population living below the international poverty line fall from 43.9 to 33.4 per cent (2015-2019).”

Private firms' jobs rise fastest in 4 months

Hiring has however declined in the wholesale and retail sectors and remained unchanged in construction.

Access Bank Strengthens Support for Private Sector Development

Egildo Massuanganhe, representative of Access Bank, addressing the theme “Financial Considerations for Ease of Doing Business”, said bank provides customised services to meet the needs of the various sectors of the economy.

Investec Life says mental health is a ‘hidden crisis’ facing insurance industry

Data from the SA College of Applied Psychology shows that only 27% of severe mental illnesses in country are treated

Ghana to Swap Domestic Debt in Fight to Regain Economic Stability

The government is in talks with the International Monetary Fund for a support programme to relieve its debt distress.

International Monetary Fund (IMF) Staff to Visit Ghana

We have had productive discussions with the Ghanaian authorities over the last few months and look forward to our engagement in Accra.

CBN defends naira with $11.24bn in seven months

In earlier report, the CBN said it had intervened in the markets with $1.65bn, $1.39bn and $1.82bn in January, February and March

Equities Investors Lose N61bn In Bearish Trading

Jaiz Bank went up by 3.66 per cent to close at 85 kobo, while FCMB Group appreciated by 3.08 per cent to close at N3.35, per share.

Senegal: African Development Bank to Invest over €166 Million in Construction of Highway to Open Up the Country’s North

It will contribute to the implementation of the government's strategy to process agricultural products, thereby substantially reducing their transport costs”.

Igbiti: Insurance Industry Most Resilient, Fast Expanding Sector in Nigeria

We are partners and we urge you all to use your reputable platforms to consistently announce the gospel of insurance

Banks’ Consumer Loans Up 31% to N2.55trn on Rising Inflation

The CBN had in a report disclosed that banks’ consumer loans grew by 0.17 per cent to N2.08trillion in January 2022, from N2.07trillion in December 2021, accounting for 8.7 per cent of total credit to the private sector.

AXA Mansard Insurance Records 19% Growth in GWP

She said the firm’s investment incomes provided strong support for the group performance as well, growing 29 per cent YoY.

Investors unmoved by impressive bank profits

KCB’s stock price has risen by a marginal 0.26 per cent to Sh37.75 from November 15 when the lender announced a 20.9 per cent net earnings jump to Sh30.4 billion.

FBN Holdings Wins at the Great Place to Work Awards

FBN Insurance Brokers received Gold Certification while FBNQuest Asset Management Limited and FBNQuest Trustees Limited received Silver certifications to cap a glorious evening for the Group at the event.

Alternative Investments