Managers of Wealth Africa

African Rivers Fund III hits first close at $54m

The private sector in DR Congo and Uganda, our core markets, as well as Angola, our new third home market, has tremendous growth potential and long-term capital remains scarce.

World Bank Group launches New Country Partnership Framework, and provides immediate support to economic recovery

Beyond a four-decade history of recurrent conflict and violence, the arrival of COVID-19 may plunge an additional 140,000 Central Africans into extreme poverty.

Ghana: Press highlights injection of GH¢800m into National Investment Bank, others

The Graphic also reports that the Ghana Health Service (GHS), in conjunction with the National Malaria Control Programme, is conducting a survey on malaria parasite prevalence among children in the Greater Accra Region.

International assets, an essential component of a well-balanced investment portfolioNinety

One’s Albert Coetzee discusses the right and wrong reasons for investing offshore.

Malawi rights group queries Kenya firm Zamara pension deal

When pressed to present evidence of the allegations, Mr Trapence said only the Malawian anti-graft unit could comment on the investigations.

Absa profit declines 85pc on provisions for defaults

The lender’s earnings were also dragged down by costs of rebranding from its former parent company Barclays Plc.

CBN’s Intervention Funds as Catalysts for Economic Recovery

So far, over N49 billion out of N50 billion Targeted Credit Facility meant to cushion the impact of the COVID-19 on the economy has been disbursed.

Covid-19. Afreximbank gave US $ 3.5 billion to African countries by June

The disclosure of the aid amount is contained in the report on the bank's first half accounts

Sanlam posts Sh99m loss, invests in tech to navigate Covid

According to Tumbo, the Coronavirus pandemic has affected the supply of goods and services as well as consumption at all levels, both locally and globally.

State mortgage firm to raise green bond 2021

The aim of the KMRC is to test the market for the green bond. It will seek to do book-building in advance in order to establish the appetite and expected return of the targeted investors.

South Sudan runs out of foreign exchange reserves as pound falls

"(It) is difficult for us now at this moment to stop this rapid exchange rate (decline) because we don't have the reserve for us to intervene in the market," he told reporters.

Standard Bank: More profit cuts expected as first-half earnings plunge

Standard Bank is the first of South Africa’s lenders to report earnings after a lockdown introduced in March to slow the spread of Covid-19 curbed economic output.

Eurobonds: A simple explanation of what they are

The Eurobond only means the issuer isn’t in the same country or trading in the local currency of the investor/lender.

Government to launch US$500 million gold IPO in September

In July, Parliament passed amendments to the act to facilitate the realisation of the transaction.

Equity Group half-year profit down 24pc on high provision for defaults

Equity becomes the fourth top bank to post a drop in profit, majorly on increased provisioning for bad debts given the economic hardships facing borrowers.

Women’s buying power reshaping SA property market

Today, there are more women in the workplace than ever before, and they’re buying homes - no matter the size of their salary.

Beware misinformation around South Africa’s pension pot: Magnus Heystek

The following numbers you have never seen before, especially not from any one of the large investment houses in South Africa.

Bank explains N25b equity capital injections into operations

Eke said the group delivered a very robust financial performance, which demonstrates the resilience of the group and the successful execution of its strategy.

Algeria turns to Islamic finance to prop up economy

Some Muslims believe that the traditional banking system is incompatible with their faith.

World’s multilateral development banks invest $61.6b into climate projects

The 2019 report shows that $46.6 billion, or 76 per cent of total financing for the year, was devoted to climate change mitigation investments that aim to reduce harmful greenhouse gas emissions and slow down global warming.

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