Managers of Wealth Africa

South African assets lifted by improved global mood

The rand reacted little to data showing consumer inflation slowed

Africa-based firms still keen to expand despite AfCFTA enactment challenges

The trading pact is still under implementation due to the substantial undertaking involved in integrating a massive economically fragmented continent.

Lesotho: African Development Fund extends $4.25 million loan to modernize tax collection, boost revenue

Specifically, financing will be used to procure and install e-taxation, e-payment, and e-invoicing software and hardware and to integrate financial institutions and mobile money providers into e-payment systems.

South Africa’s best and worst life insurance providers, according to customers

Policyholders now expect the same instant responsiveness to their needs from their insurers

South Africa: Government, Business Commit to Rebuilding SA Economy

In a statement, the Presidency said the meeting reflected on the challenges faced by key industries and discussed priorities and measures that need to be taken to rebuild and reposition the country.

As economy bleeds, banks’ profitability soars

Telecommunications and information services, which have benefited positively from the lockdown and restricted movement that started last year

Standard Bank wants to pull the trigger and buy Liberty

But will they be able to deliver on the growth implied in their share price? And what about the potential interim dividend to shareholders announced in June?

Fidelity Bank, media firm support women empowerment

Ikeji expressed her confidence in the management’s capacity to impact positively on the growth and development of women-owned businesses in Nigeria.

Access Bank launches AccessX to enhance self-service banking

“AccessX is an additional touchpoint to back up our customers."

Nedbank's Go Green Fund Still Protecting Natural Resources

"This type of institutional collaboration is vitally important to assist in good biodiversity conservation outcomes, and sets a good example for others to follow."

CDC Group announces US$50m trade finance facility with Ecobank as part of its Covid-19 response

This marks CDC’s first partnership with EBISA with the commitment aimed at providing systemic liquidity to underserved markets and crucial trade finance support to local banks and businesses across Africa.

Standard Bank in buyout offer for Liberty Holdings

Should Liberty’s minority shareholders approve the transaction, it is expected to be finalised by the first quarter of 2022.

Investec launches business account to attract mid-sized S.African firms

Firms would have to have an annual turnover of at least R30 million.

State Street, First Abu Dhabi Bank partner to offer custody options

First Abu Dhabi Bank will become State Street's sub-custodian in Bahrain, Oman, Saudi Arabia, Kuwait and United Arab Emirates, and State Street will become First Abu Dhabi Bank's global custodian, Mr. Berger said.

Vantage Capital announces the launch of its fourth mezzanine fund

Vantage will continue its focus on supporting Africa’s mid-market sector as it commences deployment on its newly-raised fourth mezzanine fund.

Zimbabwe: Govt to Allow Pension Funds to Invest Offshore

Despite the initial inflationary pressures that came with the re-introduction of the Zimbabwe dollar, the macro-economic environment has stabilised in recent months.

Mobile banking company REZQ-Baraka raises $20m for expansion

ZCFH said through its Africa unit it has applied for an online digital banking licence only with undisclosed partners to expand into the financial technology (fintech) sector.

Old Mutual Insure pays R500m for Covid-19 business claims

Old Mutual Insure has paid out 10% of the R5bn set aside for pandemic-related business claims

FG Inaugurates Advisory Board for African Enterprise Initiative

Chief Executive Officer of SMEDAN, Managing Director of Bank of Industry, Chief Executive Officer of Nigeria Sovereign Investment Authority, and Country Director for the African Development Bank are also members of the board.

Botswana Woos Chinese Investors as Lenders Shun Coal Projects

“With the resources we have, we could offer potential investors really attractive opportunities.”

Alternative Investments