Managers of Wealth Africa

Moody's keeps SA at investment grade

"While economic growth will remain slow and fiscal strength will continue eroding, we expect South Africa's credit profile to remain in line with those of Baa3-rated sovereigns," Moody's said.

To join the globalised world, Africa must reform human development, governance structures

the past two decades have been characterised by the emergence of big giants who have tipped the classic global economic patterns, with more than one billion people out of poverty in Asia, mainly in China, and an annual poverty reduction rate of six per ce

Old Mutual executive pay soars on successful separation

The managed separation incentive plan is paid out in shares and cash — 50% of the value was paid as a cash bonus at the end of 2018, while 50% of the value will be distributed in the form of shares during 2019.

Five things making headlines in South Africa today

Moody’s defers review on SA, April fuel price hike, Schroders makes French acquisition and more.

African CEOs are bracing for the spoils from Brexit

Among the safeguards is UK applying the Unilateral Preferences law for qualifying countries in the Africa Caribbean and Pacific countries.

Nigeria’s pension firm allays fears over $28bn assets

She said that the commission had put measures in place to further guarantee the safety of the fund.

These are the top 10 philanthropists in Nigeria

The Top10 magazine, Nigeria’s monthly publication, has released the list of top 10 philanthropists committing a substantial part of the wealth for humanitarian services in the country.

South Africa’s best and worst banks according to customers

Capitec and FNB both have high customer expectation scores which are testament to their strong performance in past measures, it said.

Mauritius: scope of exequatur

When Mauritius became a British colony, the Reciprocal Enforcement of Judgments Act 1923 was enacted to simplify the enforcement of United Kingdom (UK) judgments within the overseas British colonies by way of registration.

Ghana among top 10 investment destinations in Africa

Nigeria and Cote d’Ivoire are the two other West African countries in the top 10.

Funds Are Flowing From Philanthropy to Investments; Is This A Good Thing?

This can be achieved by investing in companies that align themselves with these goals

What Sanlam-Soras merger means for Rwanda’s insurance market

The Rwandan insurance sector makes losses in underwriting and is only profitable due to investments in aspects such as real estate, equities and government securities.

Jobs bloodbath looms as Standard Bank SA is set to close 91 branches

Standard Bank SA also said the decision was difficult but it needed to be done to save business.

Africa’s Stock Exchanges are integrating, but why?

The Egyptian Exchange became one of the seven stock exchanges that will be linked in AELP’s first phase a month ago.

SEC assures investors of vibrant asset management industry

SEC notes that, in view of this, supervision and enforcement is also being strengthened to ensure that the licensees deliver on their mandate to the investing public.

Regional integration remains low, according to African Regional Integration Index

The Continent’s large infrastructure deficit remains a major hindrance to intra-regional trade.

African Bank is joining the rush into digital banking

Now, as the business gets back on its feet, the bank’s competitors will want a way out, whether that be an initial public offering or a takeover, said chief executive officer Basani Maluleke.

Kenya goes slow on quest for sovereign debt amid high fees on global markets

It has not helped that the IMF last year downgraded Kenya’s debt distress rating from low to moderate, causing investors to demand higher yields on Nairobi’s new debt.

Kenyan Teacher Who Aids Poor Wins $1 Million Global Prize

In his acceptance speech in Dubai, Mr. Tabichi said his mother died when he was just 11, leaving his father, a primary-school teacher, with the job of raising him and his siblings alone.

Businesses demand more say on EAC agenda to promote investment

“If business leaders are allowed in the rooms where policies are made, then business can be put at the forefront and we will make more progress,”

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