Managers of Wealth Africa

Kenya fund managers cautious despite gains

The survey covers 417 schemes with a total $8.4 billion of assets under management.

Micro-lender Jijenge sees collection rates inch back to pre-Covid levels

The repayment rates or collection rates have returned to between 80 and 85 per cent between July and September

Dr. Chiragra Chakrabarty discusses IMF report and argues on Mauritius as safest financial hub for Africa

For many years, Mauritius, as a jurisdiction has posed itself not only as a business conduit to Africa but tourism, is a major economic pillar that has leveraged growth significantly.

Zambia's risk of default highlights Africa's debt crisis

Zambia seeks a holiday of six months, but the bondholders' final decision is pending.

Why businesses, individuals can’t access N1.75trn intervention funds

Intervention funds are initiatives of the Federal Government aimed at providing subsidized loans, at low interests and long tenor to various sectors of the economy to fast-track private sector-led economic development.

T-bills attract few takers as investors target bonds

Investors bid Sh19.52 billion in the previous week, a shift from the two auctions that had witnessed a growing demand due to improving liquidity.

Blue-chips target Sh1bn new capital on key index shift

This shift means that Kenya’s weight in the index will increase to 9.49 percent from current levels of about 8.2 percent

NSSF firms grip on KCB with Sh719 million share purchase

Foreign investors have sold a combined stake of 6.66 per cent in the eight-month period.

Twiga Foods targets small firms with Sh3.2bn IFC funding

The drive raised Sh2.57 billion ($23.75 million) in equity from Goldman Sachs as well as venture capital investors such as the IFC, TLcom Capital, Wamda Capital and Creadev.

‘The greed that sometimes drives capitalism must be tamed’ – James Mwangi

Whole teams have been set up to work from home, with all the security and equipment costs this entails.

African Insurer Old Mutual to Expand Business in China

Old Mutual stuck with the partnership with China Energy Investment Corp., one of the world’s biggest power producers, after resolving ownership issues following a consolidation of the nation’s utilities.

CBK forex reserves fall Sh44 billion

The foreign reserves were likely used in debt servicing of bilateral loans, multilateral loans from World Bank’s body the International Development Association (IDA) and AfDB as well as syndicated loans.

Marine insurance premiums dip to 3-year low of Sh3.5bn

Insurers had expected the change in law to help them grow annual marine insurance premiums to about Sh20 billion, meaning that the current collections are less than a fifth of the potential premiums.

Making business future-fit: The new marketing realities facing business after Covid-19

Andisa Ntsubane discusses the challenges businesses now face as they navigate through the COVID-19 era.

OMFIF Index Shows Improved Resilience In African Financial Markets

It is the premier indicator of the stage of maturity of Africa’s financial markets and serves as a guide for governments to put the necessary infrastructure in place to deepen and improve the markets in order for Africa to attract its fair share of

Kenya’s debt repayment down Sh199 billion on cheaper loans

The repayments for 2019/20 are also lower than the revised Sh768.84 billion the Treasury had earlier projected to spend for the period.

Centum real estate unit gears up for Sh4bn housing bond

Centum said the bond is undergoing regulatory approvals, with issuance expected in the coming weeks.

SCALEINK partners with Setup A Startup to support the next generation of entrepreneurs in Africa

Their upcoming entrepreneurship bootcamp, organised in partnership with SAS, is designed to educate and support young founders and innovators in using programming to create viable business ventures.

Citigroup Chasing Growth in Emerging Markets as Rivals Retreat

“We’re going to look at increasing the canvas for the bank compared to where we are now,” Naveed Kamal, chairman of EMEA EM corporate banking, said in an interview.

Diaspora inflows up Sh18bn despite pandemic shocks

The World Bank’s forecast in April was largely based on assumption that migrant workers will be hardest hit by job losses and pay cuts across the globe because of economic fallout as a result of coronavirus pandemic.

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