Managers of Wealth Africa

PenCom moves to reduce unfunded retirement savings accounts

“The key area of regulatory concerns were the rise in unfunded RSAs.

Total pension assets rose to N12.3tn in 2020 – PenCom

PenCom said RSA holders may transfer their accounts from one Pension Fund Administrator to another once in a year, in line with Section 13 of the Pension Reform Act 2014.

How retail investors can bag a piece of private equity pie

The big question is; how should small investors get involved in private markets?

FirstBank to offer loans to its 86,300 Firstmonie agents

The bank’s financial inclusion activities is in line with the mandate of the Central Bank of Nigeria (CBN) to ensure the availability of affordable financial products and services to individuals

EBRD, Enda Tamweel and Attijari Bank supporting microfinance in Tunisia

The Bank is providing Attijari Bank of Tunisia with an unfunded risk-sharing guarantee of 50 per cent on a loan to Enda Tamweel, the leading microfinance institution in the country.

S&P Global affirms African Development Bank’s AAA rating with stable outlook

In a letter, dated 29 January 2021, S&P Global Ratings noted the Bank’s $115 billion capital increase, approved by its shareholders in October 2019

Where to find the best interest and income in South Africa

Ultra-low interest rates don’t only affect the rates you earn on a savings account, but also drag down returns from other low-risk investments in the money market and bonds.

WEF eyes benefits of an accelerated free trade area

AfCFTA is a key pillar for the region's economic recovery and the world's largest trade agreement, spanning a market of 1.3 billion people and a gross dpmestic product of $3.4 trillion.

Kenya seeks G20 Sh32bn debt holiday extension

Central Bank of Kenya governor Patrick Njoroge said an announcement extending the debt service waivers may come in April.

South African agency now withdraws Fidelity Shield Insurance ratings

The Business Daily could not reach Fidelity Shield by press time over the withdrawal.

Old Mutual to finalise BI claims

South African insurer Santam has also announced that it has started the process of assessing and processing claims for all commercial policies with contingent business interruption extensions in addition to those covered by its Hospitality & Leisure d

Investors Stake N7.32bn On Positive Trade

All Sectorial indices closed in tandem with the ASI save for the Oil and Gas sector which lost 0.12 per cent as ASEM closed flat.

Old Mutual Hints At Signicant Drop In Headline Earnings

The pan-African investment, savings, insurance, and banking group has seen its operations disrupted by COVID-19 pandemic lockdowns across the region imposed to curb the spread of the virus.

Mauritius and Morocco join African Development Bank Bloomberg bond index

This is a positive development as the inclusion of Mauritius and Morocco, two of Africa’s better-rated issuers, will improve the overall credit quality of the ABABI, which now captures close to 90% of the outstanding amount of African sovereign loca

AXA Mansard Champions Health Insurance Initiative

A major step we have taken to help reduce the spread of the Covid-19 virus is the introduction of pre-authorisation approval notification, aimed at reducing the wait-time at hospitals

Afreximbank Earmarks $2bn to Finance COVID-19 Vaccines’ Purchase

Africans, according to him, hardly see an African country as a market but looked to very far land for trades.

Allianz Nigeria increases capital to N18.5b

As part of a wider restructuring of the business, Allianz Nigeria had in December 2020 reconstituted its shareholding to make Allianz the sole investor

Banks’ credit to economy hit N25tn in 2020

The committee urged the bank to sustain its current drive to improve access to credit to the private sector while exploring other complementary initiatives

EFG Hermes Securities Brokerage Strengthens Presence in Sub-Saharan Africa

The success of the EFG Hermes Frontier team this year has allowed the division to garner several accolades, including being named the top Frontier Research House on the Institutional Investor 2020 poll for the third consecutive year, with key analysts ran

Tanzania: EU Pledges to Attract More Investors to Dar es Salaam

He acknowledged efforts being made by the government in creating good investment climate, saying such efforts must be supported wholeheartedly.

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