Managers of Wealth Africa

Algeria to launch Islamic insurance, open banks in Africa

The authorities have also said they will open the door for the private sector to set up banks, part of reforms pledged by President Abdelmadjid Tebboune in the banking sector.

It’s time Kenya’s financial sector to innovate new ways of working

This is when new ways of working first emerged.

CITITRUST unveils asset management subsidiary

The unveiling and remarkable feat is announced in pursuant of the Fund.

Togbe Afede’s SAS rubbishes Ken Ofori-Atta’s claim but ignores his insult

The Finance Minister asserted that Togbe Afede was involved in the attempt by the NDC government to implement the Gold Royalties Company deal in 2011.

Firm eyes young workers with pension plan

Mr Kitau said their investment’s arm was working on a ready-made housing product that will inform future Mafao-housing needs plug-in thereby enabling Kenyans to plan early in life based on tangible products.

Eunice Maina: Bismart is transforming the insurance business in Kenya

Eunice explains how Bismart is transforming the insurance business in Kenya, and how the broader ecosystem of insuretech is coming into its own in a post-COVID context.

Saxo Bank MENA region client base grows by more than 150% contributing to a sizeable increase in Group net profits

More than 80,000 new active clients joined the group across all global markets in the first half of 2020

African Rivers Fund III hits first close at $54m

The private sector in DR Congo and Uganda, our core markets, as well as Angola, our new third home market, has tremendous growth potential and long-term capital remains scarce.

World Bank Group launches New Country Partnership Framework, and provides immediate support to economic recovery

Beyond a four-decade history of recurrent conflict and violence, the arrival of COVID-19 may plunge an additional 140,000 Central Africans into extreme poverty.

Ghana: Press highlights injection of GH¢800m into National Investment Bank, others

The Graphic also reports that the Ghana Health Service (GHS), in conjunction with the National Malaria Control Programme, is conducting a survey on malaria parasite prevalence among children in the Greater Accra Region.

International assets, an essential component of a well-balanced investment portfolioNinety

One’s Albert Coetzee discusses the right and wrong reasons for investing offshore.

Malawi rights group queries Kenya firm Zamara pension deal

When pressed to present evidence of the allegations, Mr Trapence said only the Malawian anti-graft unit could comment on the investigations.

Absa profit declines 85pc on provisions for defaults

The lender’s earnings were also dragged down by costs of rebranding from its former parent company Barclays Plc.

CBN’s Intervention Funds as Catalysts for Economic Recovery

So far, over N49 billion out of N50 billion Targeted Credit Facility meant to cushion the impact of the COVID-19 on the economy has been disbursed.

Covid-19. Afreximbank gave US $ 3.5 billion to African countries by June

The disclosure of the aid amount is contained in the report on the bank's first half accounts

Sanlam posts Sh99m loss, invests in tech to navigate Covid

According to Tumbo, the Coronavirus pandemic has affected the supply of goods and services as well as consumption at all levels, both locally and globally.

State mortgage firm to raise green bond 2021

The aim of the KMRC is to test the market for the green bond. It will seek to do book-building in advance in order to establish the appetite and expected return of the targeted investors.

South Sudan runs out of foreign exchange reserves as pound falls

"(It) is difficult for us now at this moment to stop this rapid exchange rate (decline) because we don't have the reserve for us to intervene in the market," he told reporters.

Standard Bank: More profit cuts expected as first-half earnings plunge

Standard Bank is the first of South Africa’s lenders to report earnings after a lockdown introduced in March to slow the spread of Covid-19 curbed economic output.

Eurobonds: A simple explanation of what they are

The Eurobond only means the issuer isn’t in the same country or trading in the local currency of the investor/lender.

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