Managers of Wealth Africa

Dubai, the business capital of Africa

Growing numbers of Africa-focused companies are basing themselves in the emirate

Equity Bank freezes dividend for second year as profit falls 11pc

Net interest income rose by 22.6 per cent to Sh55.15 billion, while non-interest income grew 25 per cent to Sh38.51 billion.

NCBA profit slumps 42pc to Sh4.57bn

NCBA’s fall in profit for last year is the third sharpest after DTB Group’s 52.14 per cent plunge to Sh3.25 billion and Absa Kenya’s 43.8 per cent to Sh4.2 billion.

CBN to reduce wheat import by 60% in 2yrs

The CBN governor further disclosed that the apex bank had financed 3,038,649 farmers

Bank forex deposits rise Sh15 billion in January

They do so when anticipating rough economic tides, like now due to the effects of the coronavirus pandemic.

Vision 2050: Time to Transform

Only collaboration at unprecedented levels will create the impact and speed needed to achieve all people living well within planetary boundaries by 2050.

As copper ‘decade forecast’ hits $15k, Zambia should expedite mining reforms for speedy economic recovery

Base metal fortunes look positive for Zambia as the red metal posted 105.0% recovery today from the 4,340/MT lows seen in harsh pandemic times (March20), to flirting with 10-year highs of a few points shy of $10,000/MT.

More South African companies downsizing offices due to job cuts and working from home

Despite this drop, the survey shows rising activity ratings in all three property classes – the industrial, retail and office.

Trading update: Investec warns of lower earnings – but leaves the door open for a final dividend

Costly hedging of the bank’s UK structured products book added to pressure caused by lower interest rates, reduced client activity and the weaker rand.

Old Mutual results highlight the plight of consumers

Old Mutual reported that the impact of directly attributable Covid-19 items on its results amounted to some R6.1 billion before tax.

IFC invests E20m in Nigeria, other emerging economies

Chief Executive Ofiicer/Founder, Bolt, Markus Villig said: “We are looking forward to partnering with IFC to further support entrepreneurship, empower women and increase access to affordable mobility services in Africa and Eastern Europe.

Equities Attract N20bn Investment Despite Bearish Trend

Analysts said they expect the bearish trend to continue this week as investors await the outcome of the Central Bank of Nigeria Monetary Policy Committee which begins today.

Britam Holdings to sell HF stake to a big bank

Britam could retain a small stake in HF as a passive investor like it does in Equity Group.

Report Lists Morocco Among Countries with ‘Good Image’ in Africa

Several reports show improvement in Morocco’s economy and business climate.

Investing in Kenya's young micro-entrepreneurs

A growing number of young Kenyans have established informal micro-businesses, or "hustles," since the start of the COVID-19 crisis

ARC and Sanlam in talks to build African private equity champion

Patrice Motsepe’s company is opening offices in various countries on the continent

KCB profit falls to Sh19.6bn on increased bad loans provision

The dividend will be paid to shareholders on the register as of April 26, 2021.

APO Group joins forces with Invest Africa to promote trade across the continent

The partnership brings together two organizations dedicated to increasing investment in Africa and driving prosperity for all Africans

Customer service in Kenya – what it will look like in 5 years, and how your business can benefit

With people relying more on digital support, traditional customer service as we know it is likely to be dead in five years

FBNInsurance Boss Assures Customers of Better Service

He also appreciated the customers for creating time to attend the forum and assured them that with the company’s new position as a full member of Sanlam group, all their requests would be treated promptly.

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