Managers of Wealth Africa

Dear retiree, remember it is your money

One of the flexibilities you have with a living annuity is that you are not tied to a provider.

Allianz Tops List of World’s 25 Largest Insurers

AM Best released the rankings of the world’s largest global insurance companies, by NPW and nonbanking assets, in the Jan. 6, 2023, issue of Best’s News.

Hammer blows for consumers in South Africa keep coming

The Bureau for Economic Research (BER) also published its Inflation Expectations Survey for the fourth quarter of 2022, feeding into this narrative.

Insurance customers cash out Sh10 billion

Customers were pulling out of products such as life assurance, pension and investment products which are usually long-term in nature.

Kenya, Nigeria tread a fine line after Ghana debt default, analysts say

Are other African sovereigns likely to follow? None are flashing red right now, analysts say.

How Kenya is preparing for global economic shocks

Most of the low-income countries have already been affected by these factors and others including surges in food and commodity prices, devastating effects of climate change, debts and limited access to foreign finance.

Treasury seeks $1bn World Bank loan to take advantage of lower rates

A loan at cheaper rates would reward SA for progress and commitments already made

FNB is named the Best SME Bank in South Africa for the 2nd consecutive year

Law on Call Business provides excellent value for money to early-stage businesses.

African Development Bank calls for proposals for projects on digital financial solutions 

The initiative will be delivered via Africa Digital Financial Inclusion Facility (AFDI)

Kenya's Centum calls off sale of Sidian Bank majority stake to Nigeria's Access Bank

In June, Centum announced plans to sell the stake to Access Bank, a subsidiary of Access Holdings, subject to regulatory approval in Kenya and Nigeria

Bondholders take up Sh39 billion in switch auction

Holders of the 364-day T-bill accepted to switch maturities of Sh4.99 billion, 91-day paper holders switched maturities worth Sh2.57 billion while holders of the 182-day paper did Sh700 million.

Tax-free infrastructure bonds dominate NSE trading

Interest income of these securities is exempt from withholding tax, raising their appeal among fixed-income investors.

Apex Group buys Maitland International operations

The global financial services group wants to use SA as a hub for its fund administration business

SA bonds ready for resurrection after a year of horror

With inflation and rate hike expectations having moderated considerably analysts expect a strong showing from fixed-income securities

Equity Bank takes biggest piece of World Bank’s Sh111.7bn Kenyan portfolio

With an outstanding balance of Sh15 billion, Co-operative Bank was a distant second in a list that also featured firms in agribusiness, energy, real estate, insurance and manufacturing.

Rand takes a knock as economists raise red flags over South Africa’s economy

The rand is connected to the US dollar through a floating exchange rate system; therefore, its value is influenced by the supply and demand in the foreign exchange market.

Foreign investors pull out Sh24 billion from NSE in 2022

Absa, Standard Chartered Bank, NCBA, BAT and Stanbic Holdings however defied the trend to record gains of 3.8, 11.3, 56.2, 4.2 and 16.9 percent respectively in the period.

Stanbic IBTC Capital Shines At EMEA Finance African Banking Awards

"our dedicated team of investment banking specialists leverage sector insights and product expertise to offer our clients innovative advisory, capital markets and financing solutions."

Economists look back on South Africa’s shaky financial year

“Median consensus growth expectations (surveyed by Reuters) for this year have softened from 2% in December last year to 1.8% in November 2022,”

Kenya start-ups cut Sh29bn deals with US investors

Kenya-based agribusiness Hello Tractor also partnered with US tractor manufacturer John Deere to scale its pay-as-you-go programme to finance tractors for more than 623,000 smallscale farmers who use the platform on more than 1.7 million acres through a n

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