Managers of Wealth Africa

Market Report: Old Mutual and Investec investors spooked after Zuma sacks South Africa's finance minister

The decision to sack Nene now is perplexing for the mining industry, which accounts for a fifth of South Africa’s GDP.

The race to move assets out of SA

Pessimism about the nation’s political and economic environment and the rand’s decline has created a negative feedback loop

African Bank's loss narrows, "good bank" launch set for April

Abil de-listed from the Johannesburg Stock Exchange last year.

Kenya: Standard Chartered Bank Issues Profit Warning for Year 2015

The bank attributes the drop in net earnings to rise in Non Performing Loans

Nigerian banks record 10% assets growth despite distress alarm

Loan & advances to customers and customers’ deposits; two major influences of a banks’ total assets contributed an average of 49 per cent and 68.8 per cent in total assets of ETI respectively.

Investec beats guidance despite falling rand

The rand has lost 20 per cent of its value against the British pound in the last year.

South Africa's central bank raises rates, cites inflation

The bank raised lending rates by 25 basis points to 6.25 percent after increasing them the same amount in July.

Chase Bank Kenya profit up 29 percent to reach Sh3.2 billion

The partnerships include a Public Private Partnership with Rabo Bank

14 banks earn N2.6trn in nine months

The delay according to the bank is as a result of the commencement of the interim audit of First City Monument Bank as at 30 September, 2015, by KPMG, the bank’s auditors.

AngloGold Makes Third-Quarter Loss as Metal's Price Falls 5.8%

AngloGold Ashanti Ltd. climbed the most in two months after the world’s third-biggest bullion miner said third-quarter production costs and output beat its forecasts.

Banks reel under economic mess

The trend is expected to continue with the other banks that are expected to release their financial statements from now till the end of November.

Old Mutual Wealth sees £2.3bn record inflows in Q3

Old Mutual UK Alpha, managed by Buxton, and UK Mid Cap have had net inflows of £0.6 billion and £0.2 billion respectively, since the start of the year.

Ecobank funding costs clip Nedbank margins

It was lowered by changes in its asset mix, larger holdings of high-quality liquid assets, and higher funding costs, especially relating to its acquisition of a significant stake in Ecobank Transnational

Old Mutual unveils new CEO, says Nedbank posts increase in Q3 profit

UK insurer Old Mutual said Nedbank Group, its majority-owned South African banking subsidiary, posted an increase in net interest income for the first three quarters of the year.

KCB Group’s Nine Months Pre-Tax Profit up 10 percent to KShs. 19.4 Billion as Bank Opens a Representative Office in Ethiopia

The Bank hopes to use its presence in Ethiopia to facilitate trade between Ethiopia and other East African countries

ESG