Managers of Wealth Africa

A welcome change to the Special Purpose Fund in Mauritius

In the last years, Mauritius has emerged and positioned itself as being an international financial centre of excellence, choice and repute.

South African economy continues to rebound from 2020 recession

The document, however, noted that the economic outlook remains “highly uncertain” and would depend on the pace of the COVID-19 vaccine roll-out.

KCB shareholders okay Kshs. 3.2B dividend pay, acquisitions in Tanzania, Rwanda

According to the lender, the two acquisitions are part of the group’s ongoing strategy to achieve regional relevance and increase its footprint.

KCB shareholders approve purchase of two banks in Rwanda, Tanzania

KCB expects to close the twin deals this year bolstering its market market share in the two markets and grow their contribution to the Group’s international businesses.

Equity diaspora remittance cash rises 87 percent

Equity partners with more than 10 money transfer platforms, including Western Union, PayPal, WorldRemit, MoneyGram and hellopaisa, in addition to its own Equity Direct platform.

Transaction Capital increases stake in WeBuyCars to 74.9%

WeBuyCars is a principal trader of used vehicles through its integrated e-commerce and physical infrastructure, offering finance, insurance and other allied products.

Pension assets rise 0.8% to N12.4trn

A breakdown of the figures shows that investment in federal government securities declined by 2.5 per cent to N8.3 trillion from N8.51 trillion.

AXA Mansard posts N25.08bn quarterly gross written premium

“Despite the challenging economic terrain, we have been able to grow our premium incomes and recorded strong profitability growth in the first quarter of the year.”

FBNQuest Advises Investors on Inheritance Planning

FBNQuest Trustees is a subsidiary of FBN Holdings Plc. From estate planning to government bond issuance, it holds a solid market position as a leading Trust services provider.

‘AfDB Invested $96m in Higher Education’

Suruma said:“We thank Dr. Adesina for the excellent work he is doing to uplift the African people and for honoring us with his presence today.

Safaricom share rises to 63pc of entire NSE

Investors rushed to buy the company shares after it was awarded a licence on Saturday to enter Ethiopia’s underserved telecoms market.

KCB stopped from selling Mumias assets to recover Sh540m

Under the leasing deal, the successful firm will run the plant on behalf of KCB for up to 15 years and will pay the lender monthly leasing fees.

Ease listing to bridge African SMEs Sh33trn financing gap

Ultimately, the ratio of credit to the economy is very low in Africa, averaging less than 30 per cent of gross domestic product, compared with over 135 per cent in regions such as East Asia and the Pacific region.

Pensioners take loans to support families as Covid job cuts bite

The most common sources of loans were mobile apps (26 percent), commercial banks (23 percent), saccos (14 percent) and chamas (10 percent).

Wealth Fund That Quadrupled Profit Now Pivots With Bet on Europe

Orji, 51, has more than two decades of experience in international banking, with an MBA from Harvard Business School.

Investec reports strong second half earnings – but cautions over emerging third wave in South Africa

Tangible net asset value per share increased by 12.7% to 425.7 pence.

Sanlam Investments to raise further capital for impact funds

Sanlam Investments moved quickly in 2020, investing R2.25bn of Sanlam capital to seed the three Investors' Legacy Range funds which aim to preserve and create jobs and reignite economic growth.

Mauritius rejigs special purpose fund regime to gain 'financial' edge

As published in the India Business Standard

Employers to pay NHIF contributions for staff

This will see employers pay at least Sh25 billion to NHIF, a hit to firms that are yet to recover from coronavirus-induced slump, which triggered job cuts, hiring freezes and business closures.

NSE losses Sh74bn, retreats from highest level in three years

Portfolio rebalancing is when investors sell or buy different asset classes to achieve a desired overall asset allocation of their money based on risk appetite.

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