Managers of Wealth Africa

Arsenal takeover eyed by Nigerian billionaire businessman Orji Kalu who wants 35 per cent stake to ‘bring back trophies’

Nigerian billionaire Orji Kalu has declared his intention to buy a huge 35 per cent stake in Arsenal.

Deadlock over Old Mutual listing

The Old Mutual implied rate was used to determine forward value of the country's local currency. It was derived from Old Mutual's internal calculations of United States dollar value differences of its Harare, Johannesburg and London securities.

African Eurobonds Set for 2021 Comeback After Missing Rush

Developing nations including Mexico, Russia and China have tapped international debt markets in recent weeks to lock in lower borrowing costs as they recover from the economic impact of the coronavirus pandemic.

Nigerian fintech receives private equity boost

The company expanded into Ghana in 2019 and the new funding will support new operations in Ivory Coast, Kenya, Tanzania and South Africa in the next two years, as well as new product development.

Tony Elumelu soars high

In just six years, with heavy investment valued at millions of Dollars, through his entrepreneurial programme, over 10,000 African youths have been empowered by The Tony Elumelu Foundation TEP.

As Santam loses COVID-19 claims case, reinsurers call the shots

Santam had argued that the pandemic and the lockdown were two separate events, and that the costs of business interruption were therefore not covered by its pandemic policy.

Absa South Africa Rules Out Dividends With Profit Down 40%

South Africa’s banking regulator is following peers in the northern hemisphere, which have urged banks to pause investor payouts at least until January.

Ramaphosa’s investment conference bags R109.6 billion – including investments from Google and Pepsico

These investments will go a long way towards their recovery

Transfer Window: Stanbic IBTC moves to get new customers

He added that as a leader in the pension industry, they have long awaited the transfer window because they understand its importance in driving choice and ensuring that customers can demand optimal service delivery and long-term, efficient management of t

Kenya's Banking Tycoon Mwangi to build Kigali Financial Towers

The Group is a brainchild of Mwangi, whose banking unit already has operations in Rwanda and across Kenya, Uganda, Tanzania, South Sudan, and the Democratic Republic of the Congo.

Profit-taking persists as investors wealth plunge further by N278b

Analysts attributed the downturn to continued profit-booking across sectors after eight straight weeks of market rally, resulting in losses.

Africa free trade bloc seeking "innovative" ways to launch on Jan. 1

Its launch was already delayed from July 1 due to the pandemic.

Afreximbank posts $217m net income in 9M 2020

Afreximbank has posted a net income of $217.06 million for the nine months ended September 30, 2020.

African utilities wary of threat from renewables

The rise of clean energy and prosumers, net metering and greenhouse gas regulation all figure among the bogeymen as far as national electric companies are concerned.

Old Mutual raises R2bn in bond issuance

With its latest bond issuance, the Group initially planned on issuing R1.5bn in bonds.

Dangote emerges most valuable brand for 2020

The Chief Executive Officer, Top 50 Brands, Taiwo Oluboyede, expressed his excitement that Nigerian brands had taken the shine by maintaining their leadership positions, with seven of the top 10 brands being Nigerian.

Bank jobs on the line as COVID-19 wreaks havoc on industry

The closure of bank branches is expected to correspond with a trim on banking sector staff exacerbating the switch to digital transactions.

Kenya among top startup funds destination in Africa: Survey

These same countries also collectively received the largest share of funding in 2019.

67 companies and individuals win big at 2020 Ghana Business Awards

Delivering the keynote address, the Minister of Business Development, Dr Ibrahim Mohammed Awal charged founders of indigenous companies to put in place a good succession plan in order to sustain their businesses after their exit.

Finance In Common summit rallies 450 development banks to ramp up, deepen collective efforts to address fragility beyond COVID-19

“Nothing can dampen our collective resolve to provide better opportunities for all” - African Development Bank President Akinwumi Adesina

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