Managers of Wealth Africa

Fiducia to Drive Growth in Nigeria’s Supply Chain Financing to N12trn

Supply Chain Finance is emerging as an effective instrument to reduce financing gaps in developing markets.

Co-op in early payment of Sh8.8 billion dividend

Co-op Bank increased its dividend payout by 50 percent to Sh1.5 per share for the year ended December 2022. The enhanced dividend was paid to shareholders who were on record as of May 24, 2022.

Unity Bank Grows Gross Earnings to N57bn, Profit Up 21%

Similarly, income from fees and commissions recorded significant growth, rising by 25.7 per cent to N7.68 billion from N6.1 billion within the period under review.

Absa doubles gold units at NSE on high demand

The doubling of the listed units came on the back of increased demand, with a total of 827,400 units traded last year compared to 75,800 units in the previous year, representing a 10.9 times jump in volumes.

Nairobi exchange’s data revenue rallies to Sh93m

Data now brings more revenue than fees on bond trades which increased 18.4 percent to Sh79.3 million from a restated Sh66.9 million.

Banking sector faces rising risk to asset quality, capital buffers – Report

It said the updated summary of economic and financial data by the Bank of Ghana revealed further weakening in asset quality and erosion in capital buffers during the first 4-months of 2023.

Government’s plan to cut 4 stages of load shedding in the next 18 months

South Africa’s state companies are in a dire state. The country is suffering power cuts of more than 10 hours a day because Eskom can’t meet demand.

DP World partners with Standard Bank to finance businesses in Africa

Since July 2021, DP World Trade Finance has partnered with 23 financial institutions and generated over $700 million in credit limit submissions

Bawuah: UBA Has Supported Govt. across Africa in Infrastructure, Trade

“If you failed to add value, you go nowhere. All the governments are talking about manufacturing but you cannot have manufacturing without infrastructure in place and infrastructure without power.

UBA Revitalises Alumni Network, Lists Benefits

Continuing Alawuba said, “As a bank that is interested in the welfare of both staff and ex-staff, we are going to roll-out products that are specifically tailored to suit the needs of all our alumni.”

Businesses in South Africa are also ’emigrating’

The provincial government ran a survey which drew 133 responses from local businesses. Of these businesses, 26% indicated they had moved their main operations overseas to counter the skills shortage.

DTB Group profit jumps 11pc on larger loan book

The strategy is aimed at raising their interest income besides reducing the risk of paper losses that face holders of fixed-income securities in a rising interest rates environment.

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.

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