Managers of Wealth Africa

Allianz Nigeria increases capital to N18.5b

As part of a wider restructuring of the business, Allianz Nigeria had in December 2020 reconstituted its shareholding to make Allianz the sole investor

Banks’ credit to economy hit N25tn in 2020

The committee urged the bank to sustain its current drive to improve access to credit to the private sector while exploring other complementary initiatives

EFG Hermes Securities Brokerage Strengthens Presence in Sub-Saharan Africa

The success of the EFG Hermes Frontier team this year has allowed the division to garner several accolades, including being named the top Frontier Research House on the Institutional Investor 2020 poll for the third consecutive year, with key analysts ran

Tanzania: EU Pledges to Attract More Investors to Dar es Salaam

He acknowledged efforts being made by the government in creating good investment climate, saying such efforts must be supported wholeheartedly.

Where the money ‘will be made’ in 2021

Will local stocks follow what is expected from US markets?

Eximbank mobilises U$1bn to offset losses

The world’s biggest free-trade area was implemented January 1.

Niger Insurance Plc gets shareholders nod to restructure business

Niger Insurance Plc has announced plans to restructure its insurance business into distinct but mutually dependent business entities.

International Islamic Trade Finance Corporation approves US$10 million Line of Trade Finance Facility for Uzbekistan based Private Joint Stock Commercial Bank ‘Orient Finans’

This financing will support private sector and SME development in the wake of COVID-19 pandemic

State raises Sh81bn from infrastructure bond sale

The amount raised from the paper now means that the government has taken up a total of Sh136.91 billion from the primary bonds market this month.

NSSF buys Sh312m more KCB shares

The onset of Covid-19 disruption in Kenya mid-March saw KCB share price close the year having retreated by 29.4 per cent.

Debt servicing, greatest risk to Nigeria’s economy – Adesina

The pandemic had impacted on budgetary balances and increased debt burdens, he said.

Stanbic IBTC Asset Management Assigned ‘AA(IM)’ Rating

Reiterating the organisation’s commitment to doing more in the asset management sub-sector, Sotubo appreciated all stakeholders for their continued support over the years.

UK pledges Sh8 billion for Kenya affordable housing scheme

The project is through Acorn Housing – President Kenyatta attended the launch of Kenya’s first green bond on the London Stock Exchange(LSE) by Acorn a year ago,” Mr Raab said in Nairobi yesterday.

Africa is the world’s next business frontier, says AfDB's Akinwumi Adesina

Africa still possessed the same fundamentals that had driven the continent’s phenomenal growth over the past decade, Adesina said

Kenya banks lose $11m card payment revenues to telcos

During the period, CBK also provided a shot in the arm for mobile money payment options by abolishing charges on the transfer of money from customers’ bank accounts to mobile money wallets and vice versa.

NSE CEO Bullish on Capital Market Outlook for 2021

The CEO said the Initial Public Offering (IPO)activity in the year remained mute as prospective issuers weighed market volatility and valuation concerns amid the pandemic.

China ready to give Kenya debt service break

“We stand ready to strengthen coordination with Kenya and assist Kenya in its efforts to address debt challenges. Both sides are now keeping efficient communication through smooth channel.”

Safaricom hits record 60.2 pc of NSE wealth

The Safaricom stock hit a high of Sh37 last week on intra-day trading, a gain from opening price at Sh34.25 on January 4, with foreign investors continuing to turn as net buyers.

Verdant Capital awarded Independent Advisory Firm of the Year

Verdant Capital completed transactions in most major sectors of the economy including, financial services, financial technology or “fintech”, telecoms and agro-business.

Fidelity Bank purchase ‘almost done’, says U.S.-based Nigerian billionaire

The Fidelity Bank purchase is almost done.

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