Managers of Wealth Africa

Ecobank Nigeria issues $300m bond

At the peak of marketing the transaction, the issue was over three times oversubscribed, with significant interest from international investors.

How African startups raised investments in 2020

The result of that investigation detailed differences in methodology, as well as similarities.

NSE market capitalisation loses N426bn

Similarly, the All-Share Index dipped 814.15 points or 1.96 per cent to close at 40,696.01 from 41,510.16 recorded on Tuesday.

Treasury targets Sh18bn in February bond tap sale

The CBK has reopened a lot of bonds with a maturity profile of about seven to eight years resulting in a perceived oversupply of the tenors.

Mauritius Finance: Financial services operators unite around an expanded and consolidated platform

Commenting on the launch of Mauritius Finance, the Hon. Mahen Seeruttun highlighted that a communications cell has been developed to ease the interactions among the local financial services sector as well as overseas.

CrossBoundary Group and Brown Advisory announce strategic partnership

The partnership includes a minority investment by Brown Advisory in CrossBoundary Group, and initiatives for both firms to collaborate on a global basis

NSE turns to Safaricom platform to boost stock trades

NSE is replacing the Multi-Protocol Label Switching network that has been used since 2011 with the Software-defined Wide Area Network (SD-WAN) supported by Safaricom.

Sovereign Trust paid N2.9bn claims in 2020

He said a significant number of customers had come to appreciate the role of insurance in their everyday life, which increased the claims paid.

CWG grows net profit by 570%

The growth underscored the company’s resilience amid the COVID-19 pandemic, as it continued to launch innovative solutions and invest in rewarding partnerships.

PenCom moves to reduce unfunded retirement savings accounts

“The key area of regulatory concerns were the rise in unfunded RSAs.

Total pension assets rose to N12.3tn in 2020 – PenCom

PenCom said RSA holders may transfer their accounts from one Pension Fund Administrator to another once in a year, in line with Section 13 of the Pension Reform Act 2014.

How retail investors can bag a piece of private equity pie

The big question is; how should small investors get involved in private markets?

FirstBank to offer loans to its 86,300 Firstmonie agents

The bank’s financial inclusion activities is in line with the mandate of the Central Bank of Nigeria (CBN) to ensure the availability of affordable financial products and services to individuals

EBRD, Enda Tamweel and Attijari Bank supporting microfinance in Tunisia

The Bank is providing Attijari Bank of Tunisia with an unfunded risk-sharing guarantee of 50 per cent on a loan to Enda Tamweel, the leading microfinance institution in the country.

S&P Global affirms African Development Bank’s AAA rating with stable outlook

In a letter, dated 29 January 2021, S&P Global Ratings noted the Bank’s $115 billion capital increase, approved by its shareholders in October 2019

Where to find the best interest and income in South Africa

Ultra-low interest rates don’t only affect the rates you earn on a savings account, but also drag down returns from other low-risk investments in the money market and bonds.

WEF eyes benefits of an accelerated free trade area

AfCFTA is a key pillar for the region's economic recovery and the world's largest trade agreement, spanning a market of 1.3 billion people and a gross dpmestic product of $3.4 trillion.

Kenya seeks G20 Sh32bn debt holiday extension

Central Bank of Kenya governor Patrick Njoroge said an announcement extending the debt service waivers may come in April.

South African agency now withdraws Fidelity Shield Insurance ratings

The Business Daily could not reach Fidelity Shield by press time over the withdrawal.

Old Mutual to finalise BI claims

South African insurer Santam has also announced that it has started the process of assessing and processing claims for all commercial policies with contingent business interruption extensions in addition to those covered by its Hospitality & Leisure d

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