Managers of Wealth Africa

Sanlam and Allianz to combine operations in Africa

The partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial inclusion in high-growth African markets.

Nucleus to sell DFM business

The IMX team is headed up by former Redington executive, Jonny Letham, who joined the platform in April 2019.

Government pension fund finally gives PIC a mandate to manage its unlisted investments again

The PIC announced on Tuesday that the two institutions have now signed the new mandate.

Wealth Fund for $96 Billion Mozambique Gas Haul Seen This Year

The southeast African nation’s central bank in October 2020 published a proposed model for the fund, which it said would build up savings and contribute to fiscal stability when commodity prices fluctuate.

Access Holdings’ first quarter profit leaps 9.2% to N57.4 billion

Access Holdings’ shares, listed in Lagos, climbed 0.51 per cent following the earnings release.

Morocco’s Holmarcom group takes control of Credit du Maroc Bank

Morocco’s Wafa Assurance and other stakeholders own 10.73% and 10.56% respectively of Credit du Maroc

Kennedy Bungane: African Bank transformation strategy gives wings to founders’ vision

They started with a mere R70. In just over a decade they were able to turn that into a successful financial institution.

Top Tanzanian banks increase investment in govt securities

CRDB bought Tsh1.64 trillion ($709.95 million) worth of T-bonds, up from Tsh1.49 trillion ($645.02 million) in 2020.

Africa Prudential Reports 15% Increase in PBT to N0.55bn

In addition, total liabilities also increased by 28per cent year-on-year to N8.94billion due to a 27per cent growth in customers’ deposits and a 110per cent growth in creditors and accruals.

StanChart reveals Sh46bn loan for Safaricom Ethiopia licence

StanChart did not disclose the other banks with which it worked to fund Safaricom.

UBA reports modest growth in first-quarter profit amid soaring costs

The bank's operating expenses leapt 20.5 per cent to N77.6 billion, leaving a great deal of bottom-line eroded.

Absa Life Assurance Kenya net profit grows 84% to Sh245 million

This is for the period ended December 31, 2021.

Stanbic IBTC Holdings Cost-to-Income Ratio in 2021 FY Hits 8-year High

As gathered by THISDAY, Stanbic IBTC Holdings had 68per cent cost-to-income in 2013 and the all-time high cost-to-ratio was 72.80 per cent in 2012.

Spotlight on succession planning in Africa

Mauritius is a recognised international financial centre with a stable and sophisticated legal and economic ecosystem.

African Development Bank Group Chief Garners Strong Global Support for Africa

Meeting with the African Union’s Group of 15 Finance Ministers, Adesina outlined the continent’s immediate challenges and the solutions that were being applied to tackle them successfully.

Anyone with a spare R1m or R2m should consider real estate investments offshore

Megan Copley, the director of International Real Estate says anyone who has a bit of spare cash should seriously consider investing in overseas property.

Ecobank Group Posts $125m PBT In Q1

Total assets were down by four per cent to N 11.265 trillion and total equity also by four per cent to N 881.3 billion as at March 31, 2022.

Insurance Sector Operators Seek Ties With OPS

Edu said exposing the council to alliance with government, independent bodies is in fulfillment of his promise to the council in this regard during his investiture and acceptance speech.

Big moves from Absa and Old Mutual as deal-making resumes in SA’s financial services industry

Two significant transactions were announced by Absa and Old Mutual this week — a rare thing for the highly regulated industry in which deal-making takes time to conclude.

Sovereign Trust Insurance Grows Profit by 42%

Soyinka, said the management was committed to meeting and surpassing the expectations and aspirations of its shareholders and stakeholders alike.

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