Managers of Wealth Africa

Experts seek local solutions to Africa’s economic challenges.

‘Fostering innovative cross-border financing solutions in Africa.

RMH shares drop as FirstRand unbundles

The end of an era led to a decline in RMH’s share price to R2.06 a share in the afternoon, down from Tuesday’s closing price of R51.04.

African Alliance sets stage to quit stockbrokerage

The Nairobi Securities Exchange (NSE) 20 share index has for example fallen to levels last seen in 2003.

Société Générale Chad and UBA Gabon join the list of Cameroon’s primary dealers on the BEAC securities market

Cameroon is reaffirming its ambitions on this market

Standard Bank : 2020 Outlook Keeps Deteriorating, Won't Declare 1st Half Dividend

Standard Bank said loan and deposit growth in the first four months of 2020 were robust

Kenya: €188m African Development Bank loan to boost COVID-19 response

The loan will extend additional resources to Kenya as the country takes steps to contain the spread of the pandemic and deal with its unprecedented impact

Investec Bank CEO sees no sector-wide relief to come from South African banks

Investec had already been hit by lacklustre growth in South Africa, which tipped into recession in the final quarter of 2019

UBA’s Investment in Safety

“The pressure of the water (from government fire trucks) was not strong despite it being so close to the fire,” one Twitter user who identified as Josh said.

Morocco’s Credit Agricole Workers Pledges $1.5 Million to COVID-19 Fund

The country’s special fund has received billions of dollars from diverse donors.

FBNQuest holds 5th Annual General Meeting, reports N4.2 billion PBT

This performance was driven by robust growth in key business lines, especially in fixed income trading, corporate banking and asset management.

Sub-Saharan Africa M&A transactions totalled US$4.8 billion in Q1 2020

Advisory fees earned from completed mergers and acquisitions (M&A) transactions generated US$33.5 million, down 38% year-on-year, while syndicated lending fees declined 47% to US$35.7 million.

Standard Bank acquires 40% stake in Payment24

This includes the roll-out of the BlueFuel Fleet Card system across Namibia, which ensures that only authorised vehicles are able to fill up and authorize transactions

Standard Bank unveils 90 day payment holiday for small businesses to soften coronavirus impact

The interest and fees accrued over this period will be capitalised on your lending account.

Blue Bank Scoops Best Investment Bank Accolade

The Standard Bank brand, the Bank has a physical presence on the African continent ensuring a deep understanding of the markets

Goldman Sachs swims against tide in South Africa

GSIB is also listed on the currency markets of the Johannesburg Stock Exchange, the South African stock exchange.

Zimbabwe: African Development Bank Group approves grant for disaster risk management training

In collaboration with the Bank, the African Risk Capacity, a specialized agency of the African Union, will provide in-kind contribution for trainings estimated at around $320,000.

The two countries can now fix exchange rates at the beginning of transactions to prevent currency fluctuations.

Kenya is currently trading at discounted multiples compared to its historical average despite last year’s market rally.

Goldman Sachs opens bank branch in South Africa

It will offer fixed-income products, including foreign exchange and South African government securities, to corporate and institutional investors, and has executed its first transactions with clients.

Loita Capital Partners, LBDI Open Investment Banking Unit

Loita has also been instrumental in advising on, structuring and placing the US$52 million facilities for the Liberian Bankers Association

Standard Investment Bank: One of Kenya’s Foremost Financial Services Firm

Interview with Job Kihumba, Executive Director at Standard Investment Bank