Managers of Wealth Africa

Africa is the world’s next business frontier, says AfDB's Akinwumi Adesina

Africa still possessed the same fundamentals that had driven the continent’s phenomenal growth over the past decade, Adesina said

Kenya banks lose $11m card payment revenues to telcos

During the period, CBK also provided a shot in the arm for mobile money payment options by abolishing charges on the transfer of money from customers’ bank accounts to mobile money wallets and vice versa.

NSE CEO Bullish on Capital Market Outlook for 2021

The CEO said the Initial Public Offering (IPO)activity in the year remained mute as prospective issuers weighed market volatility and valuation concerns amid the pandemic.

China ready to give Kenya debt service break

“We stand ready to strengthen coordination with Kenya and assist Kenya in its efforts to address debt challenges. Both sides are now keeping efficient communication through smooth channel.”

Safaricom hits record 60.2 pc of NSE wealth

The Safaricom stock hit a high of Sh37 last week on intra-day trading, a gain from opening price at Sh34.25 on January 4, with foreign investors continuing to turn as net buyers.

Verdant Capital awarded Independent Advisory Firm of the Year

Verdant Capital completed transactions in most major sectors of the economy including, financial services, financial technology or “fintech”, telecoms and agro-business.

Fidelity Bank purchase ‘almost done’, says U.S.-based Nigerian billionaire

The Fidelity Bank purchase is almost done.

Eskom extends load shedding

Back to Stage 2 from 5am on Monday.

Pensions holding in State bonds crosses historic Sh1 trillion mark

Pension funds are normally the biggest subscribers to long-term government bonds given the need for assured stable returns in the long-term to service the payment of pensioners.

Covid-19: Kenyan health insurers post $8m profit

Many people avoided going to hospitals for fear of contracting Covid-19.

Sigma Pensions counsels youths on importance of retirement savings

Set goals, plan a budget and make investment a bill.

Safaricom record rally lifts NSE to an 11-month high

The latest level of market capitalisation translates to a Sh37.25 billion gain since the first trading session in the New Year and is also the highest since February 25 when it was at Sh2.396 trillion.

Munya claims Co-op officers barring access to coffee fund

CherryAdvance Fund was announced by President Kenyatta is 2018 and is aimed at helping farmers meet financial obligations after harvesting crop.

Equity gets Sh5bn Dutch loan for SMEs lending

The facility has been disbursed under FMO's financial program dubbed NASIRA that supports young, female, and migrant entrepreneurs in Sub-Saharan Africa.

Old Mutual lists Zimbabwe’s first ETF

The next largest stocks in the index are Cassava Smartech Zimbabwe (9.2%), Innscor Africa (9.2%), FBC Holdings (8.5%), and Econet Wireless Zimbabwe (6.5%).

Santam business interruption settlement offer unconscionable: ICA

Loss adjuster piles on the pressure.

Tanzania's debt surging, but government says it’s still sustainable

Despite the increase, Ministry of Finance spokesperson Benny Mwaipaja told The EastAfrican that the debt is still sustainable and "indicatives show the present value of public debt-to-GDP ratio remains favourable”.

Speech by Dr. Akinwumi Adesina, President of the African Development Bank Group at the One Planet Summit, Great Green Wall Investment Summit.

The Great Green Wall is part of Africa’s environmental defense system — a shield against the onslaughts of desertification and degradation.

World Bank to invest $5 billion in 11 African countries

The money will fund interventions in agriculture, water, community development, food security, resilient infrastructure, landscape restoration, and renewable energy, Malpass said.

Afreximbank and FCI land AfDB grant to boost factoring in Africa

With this grant, the amount of which has not been disclosed, FCI and Afreximbank will work to promote factoring as an alternative trade finance instrument in Africa.

Alternative Investments