Managers of Wealth Africa

Kenyan firm acquires Orient Bank Uganda

Dr Twinemanzi Tumubweine, the Bank of Uganda executive director for supervision said today that he had neither received a letter from Orient bank nor I&M bank in Kenya about the transaction.

Investment Commitment Drops By 67% to $5.06bn in H1, 2020

Nigeria’s Investment Commitment Depreciates to $5.06 Billion in H1, 2020

SA growth ambitions hampered by low savings pool

At these levels, SA’s entire domestic savings is equivalent to the main budget deficit outlined by finance minister Tito Mboweni in the recent supplementary budget.

Equities lose N10b in tight trades

The All Share Index (ASI)- the common value-based index that tracks share prices at the Exchange (NSE) declined from its opening index of 24,287.66 points to close at 24,269.58 points.

Fitch Rating Agency Affirms Triple A (AAA) Rating of the African Development Bank, with Stable Outlook

According to the agency, “the ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders, which Fitch Ratings assesses at ‘aaa’”

Vital Capital Collaborating With USAID’s Kenya Investment Mechanism to Provide Financing to Kenyan Businesses Affected by COVID-19

In Kenya, COVID-19 threatens livelihoods and food security in a nation that is already grappling with the worst locust infestation in 70 years and trying to recover from extensive flooding. Around 27% of households are suffering from food shortages, accor

The Supplementary Budget is harmful: Alternative financing and time frames are needed

The revenue side of the Budget consisting of debt and taxes is largely neglected.

Stima Sacco shelves bond plan after tie-up with mortgage firm

Stima Sacco first announced the bond plan in 2016, but did not give timelines for the issue after indicating it was seeking regulatory approvals.

South Africa's foreign direct investment inflows rise to $1.7 bln in Q1

At the same time, portfolio investments, reflecting a record of buying and selling of securities such as bonds and shares, showed a sharp outflow, of 97.6 billion rand in the first quarter compared to inflows of 9.3 billion rand in fourth quarter of 2019.

Strong players vie for 2020 African Banker Awards

The Deals of the Year categories always give a good insight in terms of what is happening on the debt and equity front

Kenya’s rating cut signals expensive foreign loans

A rating downgrade is significant because it may influence a country’s cost of borrowing in the international financial markets.

Nigeria: Investors Lose N44.9 Billion On Equities

Performance across sectors under our coverage was bullish as three of six indices advanced, one lost, while oil and gas and AFR-ICT indices remained unchanged.

Zambia: Zanaco to enter micro-finance as part of digital push, says CEO

Microfinance borrowers from Zanaco will also be able to have a savings account, he said.

Bonds turnover down as investors go for safe assets

The decline in secondary bond turnover can be attributed to investors’ preference to hold safe assets at the moment due to the uncertainty in the market affecting the performance of riskier asset classes

CITITRUST Holdings Plc emerges investment holding company of the year 2019.

According to the award citation, the Awards Review Committee was impressed by its strategic vision, disciplined execution and solid competitive positions of its investee companies and subsidiaries. Receiving the award on behalf of the company.

Laying down the foundation for pensions to fund infrastructure spend

These talks were on the back of an ANC proposal, which leaked in mid-May, to amend Regulation 28 of the Pension funds Act to allow for greater investment in public infrastructure spending.

Shelter Afrique now eyes bond market as loss falls

It also listed a Sh5 billion five-year medium-term unsecured note on the Nairobi Securities Exchange (NSE) in 2013, maturing in September 2018.

Shilling dips, NSE sheds Sh110bn after economy reopening

The pandemic has battered the economy and delivered mass jobs cuts with the Treasury projecting growth to slow to 2.5 percent this year from 5.4 percent last year.

Cititrust Holdings Plc Wins Global Finance Award

Cititrust Holdings Plc is designated winner of the ‘Decade of Excellence Investment Holding Company Africa 2020’ category.

Equity Group eyes Sh50bn long-term debt in three years

Equity’s Sh22.89 billion loan or about 40 per cent of its current borrowings will mature by March 2023, the information in its latest annual report shows.

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