Managers of Wealth Africa

Omoluabi Mortgage Bank changes name, launches new mobile app, corporate website

Omoluabi Mortgage Bank Plc. has changed its name to LivingTrust Mortgage Bank Plc.

Nigerian Economy Gets Boost In IFC Credit Deal With Union Bank

The Nigerian economy is expected to shrink by 3 percent by the end of the year, according to a forecast by Fitch Ratings, the worst downturn in 37 years.

The move could sink the southern African economy further into the mire at a moment of reckoning for the region.

Desperate local investors look offshore

Poor returns, gloomy economic outlook hit investment in SA Inc

Feared Shabab Exploit Somali Banking and Invest in Real Estate, U.N. Says

Despite sanctions, Shabab militants have found ways to extort, move and invest money using Somalia’s banking system, a United Nations panel says.

Turkey, Africa seek stronger post-pandemic partnership

With strong collaborations over the last decade, Turkey and African countries have used the last week’s business forum to weigh in on ways to overcome the impediments to the bilateral ties due to the pandemic

IMF Projects $345 Billion Financing Gap for African States

Despite sizeable domestic adjustments, African states still need $1.2 trillion in financing through 2023.

Braving the challenges of foreign private equity investment in Nigeria

Foreign private equity funds normally have an average span of between five and ten years.

State Street and SimCorp Announce Intended Business Partnership, with Front-to-Back Investment Outsourcing Solution for EMEA Insurers

Strategic Business Partnership Demonstrates State Street and SimCorp’s Commitment to Insurance Clients in EMEA, with a Complete Front-to-Back Outsourcing Solution through the State Street

Top 10 Finalists of “Africa’s Business Heroes” Grand Finale Announced

Confirmed finale judges include Jack Ma, Ibukun Awosika, Strive Masiyiwa and Joe Tsai

This South African bank is offering special incentives to keep its top managers

Senior managers weren’t granted salary increases and cash bonuses for the financial year through June in line with guidance from South Africa’s central bank for lenders to conserve cash due to the uncertainty surrounding the virus.

Old Mutual Property turns to small businesses to take up mall space

Joint venture to launch first EGG store in Cape Town, which will be the most technologically advanced store in SA

Coca-Cola, Absa Bank ink SMEs credit score deal

Opening transactional financial data redefines engagement rules between lenders and the family-owned SMEs.

Nigeria’s investment under pressure ― NIPC boss

Sadiku reiterated that in spite of the contractions in the country’s Gross Domestic Product (GDP), some sectors of the economy had made significant improvement.

Retail investors raise domestic debt stake

At the beginning of the year, they accounted for 4.23 percent or Sh124.3 billion, out of the total debt which stood at Sh2.94 trillion at the time.

Businesses are having to make hard decisions

South Africa is incredibly lucky with the ability for entrepreneurs to access a market: Marc Rosen from Investec.

Zimbabwe: Bleak Economic Prospects As TSP Comes to an End

The country has remained in isolation and international creditors and investors have not been forthcoming.

Renewables are Africa’s Path for a Green Recovery

Promising emerging solutions and policy progress, aiming at leveraging the power of renewables to enable decarbonisation of industry and transport, have been showcased.

Kenyans pay Sh35bn for non-existent insurance

Unremitted premiums have piled up over the years from Sh26 billion.

Nigeria: Funding the Sustainable Development Goals

The Global Principles for Responsible Banking was created to direct financial institutions’ to growth and development.

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