Managers of Wealth Africa

KBL targets 15 per cent solar adoption in four years

As part of this commitment, the KBL will install solar panels at East African Maltings Limited (EAML) and Tusker sites as an alternative to electricity.

Things are looking great for diesel prices in December – and a bit of good news for petrol

“Global oil prices could rise from the current low levels as the OPEC+ cartel is likely to cut production to boost the oil price, which has recently been pressured by slowing global demand,” the bank said.

South Sudan readies for $112.7m IMF emergency funding

The IMF staff team led by Niko Hobdari visited South Sudan from November 7 to November 17, 2022.

Unitrust Insurance settles N1.39b claims in Q3 2022

We entered into strategic partnerships with various organisations to broaden our visibility and accessibility

Boosting Equitable Development as Kenya Strives to Become Upper Middle-Income Country

Informed by extensive stakeholder consultations, the CPF seeks to drive faster and more equitable labor productivity and income growth, greater equity in development outcomes across the country, and help sustain Kenya’s natural capital for greater c

IQ-EQ wins three Africa-focused awards for fund administration excellence

The Private Equity Africa (PEA) Awards celebrate the very best of the African private equity industry, honouring both investors and service providers.

LAPO Wins Microfinance Bank of the Year Award

A signed statement by the company’s Head, Communications and Branding, Oluremi Akande revealed that the bank has won the award category for the 9th consecutive times.

Treasury exceeds spending by Sh 65.5 billion in first quarter

The operation and maintenance costs in the three months exceeded the budget by Sh 92.95 billion, the Treasury says, after the expenses hit Sh 260.67 billion.

Lean times as number of Kenyan firms facing liquidation doubles

Latest data from Kenya’s State Receiver Office shows that 46 companies are currently facing a liquidator’s hammer, up from 18 in 2015.

IFC to invest $100mln in Kenyan bank to help SMEs affected by pandemic

The loan will mature in 24 months, but can be renewed up to 36 months

Banks urged to leverage economic crisis

Recognise that the crisis can present the biggest opportunity in a lifetime, do not double down on the traditional business, be proactive.

How effective succession planning can maximise business success

The prevailing philosophy tends to be ‘live in the present’, but a better one might be ‘look to the future’.

Treasury seeks KQ sale to foreign strategic investor

KLM has reduced its stake from 26.7 percent after the conversion of State debt and bank loans to equity diluted the firm’s ownership to 7.76 percent.

FUGAZ investors gained N25 billion combined during the week

The NGX banking index appreciated by 0.17% from 370.98 last week to close at 371.61 points.

FBNQuest Highlights Importance of Equity, Quasi-equity Financing Options

The interaction included a presentation by Head of the Equity Research team of FBNQuest, Tunde Abidoye, on the prospects for Nigeria’s macro economy, highlighting the outlook for public debt, the exchange rate and inflation.

United States, Nigeria to deepen business partnership

The partnership will further create jobs, promote economic diversification objectives, and enable vital direct connections between U.S. investors and their Nigerian counterparts.

BOI Wins Four International Banking, Sustainability Awards

Our dedication to building a resilient organization that can respond to the needs of our customers and operating challenges is unwavering.

Safaricom half-year profit drops to Sh33.5bn on Ethiopia entry costs

The company also pointed to a tough macroeconomic environment for the slowdown in earnings, where high inflation arising out of global shocks has slowed down consumer spending.

Wigwe acquires more Access Bank shares, expands control

On Tuesday, Wigwe also bought 37.5 million shares worth N303,750,000, bringing the total amount he invested into Access Bank this year to N975.52 million.

Kenya, South Africa resolve trade barriers

The removal of the trade barriers agreement is part of four instruments signed between President Ruto and President Ramaphosa to foster cooperation.

Alternative Investments