Managers of Wealth Africa

Advantages Of Real Estates To The Kenyan Economy

The real estate industry entails all the activities involved in buying, selling, renting, and constructing houses.

Nairobi bourse is third worst performing stock market in Africa

The performance of African stock markets has recently been weighed down by a reduced appetite for emerging markets after a jump in interest rates in the developed markets such as the US

Alleged N23b fraud: MTN subsidiary urges court to compel 18 banks to make refunds

"We were able, through system checks, to confirm the banks and accounts into which the various sums of money were transferred into."

77% of SMEs in Africa, others planning overseas expansion – Report

It added that the pandemic had accelerated digital transformation to tap into cross-border opportunities, with nearly half (49 per cent) in EEMEA saying they now do more business internationally.

Insurance regulator approves Jubilee, Allianz merged operations

The consolidation will help the unified firm to benefit from economies of scale.

Equity top owner buys additional Sh1 billion stake

Arise acquired the initial shares from NorfinInvest AS, a subsidiary of Norfund which was restructuring its portfolio at the time.

Businesses in South Africa are struggling to pay rent – but some areas are better off than others

TPN’s Commercial Rental Monitor reveals that although the first quarter of 2022 indicates a small improvement compared to the last quarter of 2021

Access Holdings, ETI, Others Sees 52% Increase in Interest Expense as Customers’ Deposit Soar

The Central Bank of Nigeria ‘money market indicators’ data showed a 0.03 basis points increase in saving deposit to 1.28 per cent in March 2022 from 1.25 per cent reported in January 2022.

Stanbic IBTC Urges Women to Engage in Wealth Building Investments

"Despite the challenges women face, we continue to play a significant role in driving the economic, social and cultural development of our communities."

New fund manager I&M Capital assets grow to Sh700m

I&M invested Sh6.6 million in the subsidiary that will be contributing to the group’s non-interest income consisting mainly of fees and commissions.

Board partners NEXIM bank on $40m women in energy fund

The industrial parks according to him, had been developed as a low-cost manufacturing hub for equipment, component parts, spare parts, chemicals, consumables and other products.

Afreximbank earmarks $40b to support intra-African trade

Oramah said that Afreximbank had intervened to help the continent implement African solutions during challenging times, some with the support of other development partners and African institutions.

Ghana places 8th in top 10 Africa largest gold holdings

Central banks worldwide bought 272.9 tonnes of gold, according to data reported by the World Gold Council data

South Africa’s biggest landlord reveals the truth about a return to the office – and work from home trends

Growthpoint is the largest South African primary REIT (Real Estate Investment Trust) listed on the JSE and a 50% stakeholder in the V&A Waterfront in Cape Town.

Development Bank Ghana Secures U.S.$800 Million From Shareholders

The media engagement was also to introduce the board and management of the bank, namely Dr Yaw Ansu, chairman of the board, Charles Boamah, Mary Boakye, Nora Bannerman Abbott, Rosemary Yeboah, Stephan Leudesdorff, and Yaw Nsarkoh.

Japan’s Dai-ichi Life’s latest impact investment focuses on Africa

Dai-ichi Life had 37.46 trillion yen of total assets as of March 2022.

South Africa Update - Grant McLeod, June 2022

Guernsey has proved to be a successful jurisdiction for South African wealth managers seeking to establish investment funds outside of their country in recent years.

Wema Bank Shows Commitment to Women Empowerment

According to her, empowered women are good managers of resources, good business managers and great contributors to the household economy.

Nine Banks Report N226.12bn Insider Loans to Directors, Related Entities

Fidelity Bank in its 2021 financial statement disclosed N194.33billion loans and advances from related parties, representing an increase of 20.7 percent from N194.33billion reported in 2020.

African Development Bank to invest €10 million in reinsurance firm Conférence Interafricaine des Marchés d’Assurances (CICA-Re)

The investment is expected to strengthen the underwriting capacity of CICA-Re and contribute to the financing of its development and expansion across Africa.

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