Managers of Wealth Africa

African Union to Set up Infrastructure Fund

The 55-nation AU is now turning to sovereign wealth funds, insurance and retirement funds in countries like South Africa, Angola, Nigeria Morocco, Egypt and Kenya, to raise the cash.

Insurance sector’s assets hit N1.82tn on recapitalisation deadline

According to the CBN report, the figure which stood at N1.26tn as of the end of 2018 rose to N1.61tn as of the end of 2019.

Turkey moving to become a major player in Africa

The coming to power of Erdogan’s Adalet ve Kalkınma Partisi and the rise of the pious and dynamic Anatolian bourgeoisie in business changed the scene.

February T-bond tap sale falls short of Sh18bn target

The underperformance came despite the market remaining liquid during the period of the sale.

HF eyes diaspora dollars in deal with Interswitch

"We are giving them an opportunity for real-time funds transfer from wherever they are directly into any HF account,” Robert Kibaara, HF Group CEO said Thursday.

Use banking ‘windows’ to kick-start Islamic finance in Ghana – Researcher

It could be the opening of Islamic finance windows in conventional banks for people who are interested.

Meet the Investor: Eunice Wambui, Capria Ventures

Capria’s sweet spot, Wambui said, is early-stage tech and tech-enabled businesses leveraging innovation to solve big and pressing needs in their local markets.

FBNInsurance partners Collinson on healthcare

The statement said NAICOM approved SmartHealth International was designed to complement local healthcare cover

Volatility continues to impact Africa’s capital markets activity

The consultancy says the drop in equity markets was largely driven by the impact of repercussions of the Covid-19 pandemic, as well as global and economic uncertainty.

Invesco looks at opportunities in Africa

He will also harness Invesco’s expertise to provide investors across the globe greater access to the burgeoning Africa market.

Bloated public sector hurts Kenya’s push to become regional hub

The reality of doing business for both large and small enterprises is often at odds with the rosy picture painted by economic reports.

African Development Fund: Japan, African Development Bank Group, sign JPY 73.6 billion loan agreement

The concessional donor loan will support the 15th replenishment of the African Development Fund, approved in December 2019 by ADF donor countries

Apex Group closes acquisition of Mauritius-based fund services provider GFin

Second deal completion this week sees Apex add to its fund services business in Mauritius.

Why Kenya is yet to attain global financial hub status

The project seeks to establish Nairobi as a well-functioning financial hub by accelerating economic growth, and consolidate Kenya as a leading financial centre in East and Central Africa.

Fidelity Bank issues N41.21b Tier II Local Bonds

Last December, the bank had announced plans to issue fixed income securities with 10-year tenor to support the growth and development of Small Medium Enterprises (SMEs), retail business as well as its technology infrastructure.

BCG proposes post-COVID recovery plan for Nigeria

A steep drop in per capita income could lead to an increase in the number of vulnerable Nigerians.

African Alliance pays N967m claims in 40 days

“We won’t shirk our responsibilities; we have promised to remain with our customers for life, we will not relent on our oars as we continue to excite our policyholders.”

NSE opens week with 0.33% growth on Seplat, Lafarge Africa gains

Market sentiment, as measured by market breadth, was positive with 31 gainers relative to 13 laggards.

Foreign investments in Nigeria fall 44% to $16.7bn in 2020 — NIPC

The report said that the drop in value could be attributed to the economic impact brought about by COVID-19 pandemic

ETF boon for retail traders

The ETF, therefore, makes it easier for small retail traders to buy, hold and sell stock in these big corporations, which otherwise they would not afford to.

Alternative Investments