Managers of Wealth Africa

UBA reports modest growth in first-quarter profit amid soaring costs

The bank's operating expenses leapt 20.5 per cent to N77.6 billion, leaving a great deal of bottom-line eroded.

Absa Life Assurance Kenya net profit grows 84% to Sh245 million

This is for the period ended December 31, 2021.

Stanbic IBTC Holdings Cost-to-Income Ratio in 2021 FY Hits 8-year High

As gathered by THISDAY, Stanbic IBTC Holdings had 68per cent cost-to-income in 2013 and the all-time high cost-to-ratio was 72.80 per cent in 2012.

Spotlight on succession planning in Africa

Mauritius is a recognised international financial centre with a stable and sophisticated legal and economic ecosystem.

African Development Bank Group Chief Garners Strong Global Support for Africa

Meeting with the African Union’s Group of 15 Finance Ministers, Adesina outlined the continent’s immediate challenges and the solutions that were being applied to tackle them successfully.

Anyone with a spare R1m or R2m should consider real estate investments offshore

Megan Copley, the director of International Real Estate says anyone who has a bit of spare cash should seriously consider investing in overseas property.

Ecobank Group Posts $125m PBT In Q1

Total assets were down by four per cent to N 11.265 trillion and total equity also by four per cent to N 881.3 billion as at March 31, 2022.

Insurance Sector Operators Seek Ties With OPS

Edu said exposing the council to alliance with government, independent bodies is in fulfillment of his promise to the council in this regard during his investiture and acceptance speech.

Big moves from Absa and Old Mutual as deal-making resumes in SA’s financial services industry

Two significant transactions were announced by Absa and Old Mutual this week — a rare thing for the highly regulated industry in which deal-making takes time to conclude.

Sovereign Trust Insurance Grows Profit by 42%

Soyinka, said the management was committed to meeting and surpassing the expectations and aspirations of its shareholders and stakeholders alike.

Anchor Insurance Sponsors Stage Play in Lagos, Delta States

He explained that the company became interested in sponsoring both live plays being produced by The Duke of Shomolu Productions especially because of the personalities being honoured and the good lesson from their exemplary lifestyles to the society.

IMF Forecasts a Booming Inflation in the Country to 9% in 2022

For the next year, the IMF predicts a decrease in price increases to 7%.

African Development Bank Group to launch trust fund for the circular economy

"Circular economy is key for climate change adaptation and mitigation"

Interest rate hike and load shedding double-blow to hit South Africa

“We, therefore, maintain our call for an end-2022 repo rate of 5.75% and a terminal policy rate of 6.50% achieved by mid-2023."

Old Mutual plans a R2.8bn BEE scheme to boost black ownership to over 30%

Another 1.29% of the newly issued share capital will go to a community trust benefitting various qualifying black communities.

Double-digit growth in the assets of PFAs

As at end-February, total FGN debt securities held by Pension Fund Administrators (PFAs) increased by 1.9% m/m and 4.6% y/y to N8.5trn.

Does Africa Face Discrimination in Financial Markets?

According to their estimates, in 2021, GDP per capita south of the Sahara was 5% lower than predicted before the pandemic

Absa Bank creates impactful footprints in Ghana with CSR initiatives

The activity was in response to a request made by the hospital to Absa Bank for emergency support.

AXA Mansard seeks environmental protection

Adeniyi noted that environmental considerations also played a major role in the selection of partners for the organisation.

Contributory Pension Scheme Has Created Investment Opportunities, Others—Ojumu

The law makes it compulsory for organisations with more than five employees to enrol their members of staff for a contributory pension scheme and make a consistent contribution to the pension fund.

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