Managers of Wealth Africa

Zimbabwe economy could grow 6% this year, finance minister says

The growth should be higher than that and close to 6%

Investing in Africa is profitable, African Development Bank President tells Japanese investors

Dr. Adesina is leading a Bank delegation on a five-day visit to Japan during which he will meet senior government officials, large Japanese companies, development partners and members of the African diplomatic corps in the country.

Nigeria’s indebtedness to World Bank now N6tn

The International Development Association and the International Bank for Reconstruction and Development, which make up the World Bank, have over the years advanced loans to Nigeria.

Bank fees revenue surges on mobile, forex charges

Foreign exchange income rose by at least 30 percent across the banks

Afreximbank provides EUR10 million to Banque Postale du Congo for small and medium-sized enterprise (SME) financing

The facility builds on a strong partnership that has existed between Afreximbank and BPC

StanChart loans to sister banks rise to Sh83bn

It had issued Sh71.9 billion of loans to the entities a year earlier when it owed them Sh9.6 billion, resulting in net lending of Sh63.3 billion to the affiliates.

How to Find Trusted Fund Managers in Nigeria

Fund managers are entrusted with researching, monitoring and selecting the right investment opportunities that maximize profits for investors.

IFC to invest Sh10.4bn in pan-African fund manager

Amethis III is the third fund of the French Amethis franchise in the Middle East and North African regions.

Eskom has received close to half a trillion rand of taxpayers’ money

Straying from the latest debt-relief plan would test the credibility of South Africa’s fiscal framework and budget processes in a country with a full house of junk credit ratings.

Cyril Ramaphosa urges investors to back investment drive despite power crisis

SA is targeting R60bn in additional pledges by local and international investors

Sanlam cuts loss to Sh54m on lower costs

The latest performance marks the third straight year for Sanlam Kenya to be in losses.

ARC offers back offices to Bermuda reinsurers

Arc is focusing on reinsurance, fintech, financial services, utilities, gas and energy and other emerging markets.

Access Holdings completes $300 million investment into flagship subsidiary

In corporate disclosure seen by Nairametrics, Access Holdings explained that the proceeds will supplement the capital need of its African expansion strategy.

South Africa on investment super drive

South Africa will host its fifth South Africa Investment Conference (SAIC) on 13 April in Johannesburg.

Altum Group Announces Expansion with New Office in Cape Town

Our expansion into Cape Town demonstrates our dedication to meeting the evolving needs of our clients and tapping into an exceptionally talented workforce.

African Islamic Finance Awards distribution ceremony will be held in the Gambia

Awards Aim to Recognized the Institutional Role through Socio-Economic Developmental Impact for a Better Future; Muhammad Zubair

Nigeria, South Africa, Egypt slowing regional growth, says World Bank

The report said debt distress risks remain high with 22 countries in the region at high risk of external debt distress or in debt distress as of December 2022.

UBA Targets 20% RoAE in 2023 FY

Speaking on the targets for this year, the Group Managing Director/CEO, UBA, Mr. Oliver Alawuba during the Bank’s virtual “audited 2022 results conference call”, said despite the global headwinds across all markets, the management and st

Access Bank gets $300 million capital investment to drive African expansion

The investment takes the form of a Tier 1 capital qualifying mandatory convertible instrument

Interbank loan rates rise to 7.9pc over tight liquidity

The reduced liquidity points to difficulties ahead in the government’s borrowing plans from the domestic market for budgetary purposes.

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