Managers of Wealth Africa

Gold-backed ETF at Nairobi bourse gets global rally boost

The ETF was listed in June 2017, at Sh1,150 per unit.

Primrose Investments purchases 20 million shares of FCMB

A notice of insiders dealing on shares filed by Olufunmilayo Adedibu Mrs, Company Secretary said the transaction took place on 31st December 2020.

World Bank tips fragile recovery for MENA in 2021

Growth should also accelerate to 1.5 per cent in Iran thanks to the recovery of domestic consumption and tourism and the mitigation of the effects of COVID-19.

Prudential Zenith Life exceeds recapitalisation benchmark

With this, the firm is poised to emerge stronger with greater capacity to serve our esteemed customers and continue to grow the business.

Zim to Unlock Insurance Against Extreme Weather Risk

"Zimbabwe is committed to participate in the 2020/21 ARC programme," said the Treasury.

Unlocking infrastructural devt with N11.56tr pension assets

The NSIA boss had clarified that infrastructure finance is an investment opportunity for pension fund managers to take part in.

Safaricom share price hits record high after end of M-Pesa waiver

The rise in Safaricom, which accounted for about 58.97 per cent of the market wealth, helped push up the NSE’s capitalisation above Sh2.31 trillion — levels last seen in March.

US agency to invest billions in Africa

The project’s impact is expected to create a new private telecommunications network that will increase connectivity in Ethiopia while utilising trusted technology.

Mwalimu Sacco edges Merali out of Spire Bank, begins search for strategic investor

This now allows onboarding of a strategic investor to inject funds to ensure regulatory compliance and execution of business growth strategies already developed.

Nigeria Development Bank Gets $1 Billion Loan to Help Businesses

Nigeria’s central bank has provided a full guaranty on the facility and a 100% currency swap to cover foreign exchange risks, according to the development bank.

Pension investments are insured, says Access PFC MD

She noted that knowledge sharing and information dissemination is important to the industry’s growth.

FGN's Q3 deficit on target, spending compressed

In addition to sharp falls in federal collection translated into retained revenue,

Sinapi Aba grabs three awards

This forum featured 2,500 participants from 149 countries with over 950 Financial Technology (Fintechs) and Financial Institutions across the globe.

Thinking of offshore investments to mitigate local risks?

The volatile nature of the rand can weigh heavily on investments.

Deals by foreign lenders’ Kenya offices hit Sh511bn

They are barred from conducting commercial banking services unless they open a full-fledged subsidiary or branch.

Establishing new relationships across Africa

The Making Finance Work for Africa Partnership initiative notes that the percentage of the adult population that made or received a digital payment in the past year rose from 8% in 2014 to 23% in 2017.

Africa’s 1.2b market to go live amid uncertainty over tariffs and trading blocs

In addition, Eritrea has not signed the continental trade agreement, while 20 countries including Tanzania, Burundi and South Sudan have signed but have not ratified it.

Property market improves in the second quarter of the year

It is reported that the average price for residential properties sold in the second quarter of the year increased by 5.7 percent to P857, 989.

Mwinyi charm offensive for a ‘New’ Zanzibar

The president held discussions with the Zanzibar National Chamber of Commerce on December 5 to chart his economic plans for the next five years.

Pension funds seek clarity on foreign currency trading

Inordinate delays in moving funds compounded difficulties in operating US-dollar policies, particularly settling claims.

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