Managers of Wealth Africa

Momentum expecting steep drop in earnings, says subsidiary was target of cyber attack

Momentum's full financial and operating result for the 12 months are expected to be released on September 9.

Covid-19 scourge disrupting how real estate is estimated

This development exacerbates an already depressed real estate market that has, over the past two years, continued to struggle under the weight of glut, low occupancy rates and poor price discovery.

‘Africa’s outlook is positive,’ African Development Bank tells Indian investors and officials

The African Development Bank and India have a long-standing strategic partnership dating back almost 40 years to 1982

UAE offers investors window of opportunity into Africa

Dubai has been playing a great role as a facilitator for people that are looking to test the waters in Africa.

A closer look at the Retirement Savings Account (RSAs)

RSA return is an amount equal to the total pension contribution made, plus investment returns.

Nigeria’s ATI membership to help attract investments

The IMF predicts that falling oil prices will halve Nigeria’s export earnings to US$26bn, which traditionally accounts for 90 per cent of the government’s budget.

Good returns outweigh high risk in African private equity investment

Region provides opportunities to those with a long-term view that will outlast current economic shocks

A Top Investor Says South Africa is in Debt-Trap ‘Twilight Zone’

The spread between 30-year government debt and 10-year government bonds could widen to as much as 300 basis points within a year, Futuregrowth said.

NCBA saves Sh222m by paying bond early

The bond was issued on December 22, 2014 by CBA Group which merged with the former NIC Group to create the NCBA Group.

CIC makes Sh336m loss in six months

The company’s borrowings rose marginally to Sh3.77 billion but refinancing of part of its debt at lower rates helped it save on interest expenses.

SA banks provide over R45bn in Covid-19 financial relief

More than 84 percent of individuals and 95 percent of businesses who requested help, received assistance.

Hope rises for annuity business

While the bickering lasted between the insurance and pension industry, the consumers of the product and the operators suffered.

Shares, bonds turnover increase at NSE in July

The NSE 20 share index ended July lower by 7.1 per cent, while the NSE All Share Index was down 3.2 per cent during the month.

Switching from Hard Sell to Soft Sell

If these new behaviours could be attributed to the impact of COVID-19, who can say how much longer we will wait to experience such positives regarding the regulatory environment and structure of the insurance industry in Nigeria.

Domestic equities market closes on positive note, up by 0.45%

The oil & gas and banking indices advanced by 0.08 percent and 2.38 percent respectively.

Africa’s largest telecoms firm, MTN, to divest from its Middle East operations

The MTN Group is in advanced talks to sell its stake in MTN Syria to the minority shareholder.

Afreximbank wins 2 EMEA Best Structured Finance awards

Afreximbank’s $100 million global guarantee facility in favour of Orascom Construction was also awarded best structured trade finance deal in Africa.

Life insurance evolves in a Covid-19 world

From cover for multi-organ failure, or personal cover you can change as your life changes, SA insurers are rethinking their product range

Foreign reserves decline by Sh41.9bn on debt payments

Analysts said however that the regulator has mainly relied on mopping up excess liquidity in the exchange rate operations, hence pointing to external payments as another reason for the reserves decline.

Trade deficit narrows by 20pc on reduced imports

The total volume of trade in the six months dropped to Sh1.09 trillion from Sh1.18 trillion recorded over the same period last year.

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