Managers of Wealth Africa

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.

New list of Kenya’s little-known firms earning billions revealed

The Kenyan fastest-expanding firms on the FT list leverage technology in offering products, an indication that Covid-19 appeared to have accelerated the move online.

South Africa’s massive pension problem

“The latest data from China, Korea or Italy, for example, point to speedup of demographic change,”

Over 400 businesses have been liquidated in South Africa this year so far

So far this year, March had the highest number of liquidations, with February in second at 162 and January following with 81.

This is the average take-home pay in South Africa right now

Consumer inflation reached a 13-year high of 6.9% in 2022 (2009: 7.1%), resulting in a notable erosion of the purchasing power of households.

Absa Life profit rises 70pc to Sh417m on premiums surge

Absa Life Assurance's gross written premium has grown from a base of just Sh1.8 billion in December 2018.

African Banker Awards 2023 nominees announced

The 2023 edition of the Awards ceremony is set to spotlight SMEs, women and gender. A new category has been introduced to recognize efforts towards bolstering financial inclusion of women across the continent.

Kenya’s startups secured $676mln funding in 2022

The country accounted for 102 deals out of the 786 in Africa

Nigeria is Africa’s top oil producer in March 2023 despite lower output

The West African country produced 1.2mln barrels per day of crude in March

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