Managers of Wealth Africa

‘CBN reforms igniting fresh optimism in Nigerian economy’

Until his elevation to post of a governor, Shonubi had demonstrated his capacity as a capable deputy

It’s back to just ‘bad’ for South Africa

An upward revision follows the IMF’s April revision down to 0.1%, where the global funder anticipated that load shedding would wipe most if not all prospects of economic growth in South Africa.

Sanlam Nigeria launches campaign to promote insurance inclusion

The campaign, with visuals shot in location in Nigeria, centered on the need to protect the things that mattered through insurance.

Big payday for Telkom bosses after R10 billion loss – but no bonuses

The telecommunications group has published its annual report for the 2023 financial year, including the remuneration report detailing executive pay.

Over 800 businesses in South Africa have closed their doors since the start of 2023

This takes the total number of liquidations in South Africa since the start of the year to 802, adding to the 151 businesses that were liquidated in May.

Central bank takes Sh43bn from July’s bond tap sale

CBK had targeted to raise Sh60 billion from July’s auctions and has therefore surpassed its target for the first month of the fiscal cycle by 36.7 percent.

General insurers’ profit rises four times

Underwriting loss in the review period quadrupled to Sh2 billion from Sh510.2 million as claims from commercial vehicles and hospital bills rose sharply.

Kazeem lauds Wigwe over Access Bank Educational initiative in North

“This initiative is worth emulating by well meaning Nigerians . “

Investors gain as NGX rebounds by 0.27%

A total of 1.36 billion shares valued at N18.07 billion were exchanged in 7,179 deals.

Insurance companies express commitment to claims settlement

The publicity committee on Tuesday unveiled commercial materials meant to sensitise members of the public to the new third-party motor insurance coverage.

IMF approves $1bln for Kenya

The East African country had met conditions for continued financing, the fund said

Kenya mulls new sukuk, Samurai bonds to repay $2bln Eurobonds

The government plans to onboard a lead arranger by July-end

These are the top-performing shares in South Africa – 6 months in

It is important for South Africans not to try and time the market, said Wayne McCurrie from FNB’s Wealth and Investments.

SME Accelerator Programme Launched in Nigeria

The platform provides access to the right tools and funding for SMEs businesses.

DBN raises N23bn for small-scale businesses

“Now we are raising funds, locally because if you remember, the need of that segment in the economy is huge.”

Access Bank completes acquisition of Angolan’s Finibanco

This was revealed in a notice filed on the Nigerian Exchange Limited on Thursday.

Safaricom managers awarded Sh302 million free shares

“The trust currently holds 11.5 million shares at a total cost of Sh416.2 million (2022: 11.5 million shares at a cost of Sh416.2 million).”

FMDQ Exchange launches derivatives market

The long-awaited FMDQ ETD market, which is geared towards transforming risk to certainty, in an unprecedented move, brings about the integration of the banking sector and capital market in Nigeria.

PwC says 63% of Habib Overseas Bank depositors now paid

HOB, which received an SA banking licence in 1990, was once a buyout target by individuals linked to the Gupta family

Capital importation rises 6% to $1.13bn, banking sector leads

Categorization of Capital Importation by Banks shows that Citibank Nigeria Limited ranked top in Q1’23 with $424.13 million (37.45 percent).

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