Managers of Wealth Africa

Tanzania starts refining gold to international standards

Stamico will also be getting 2.5 per cent from total sales as management fee.

S.Africa's Sanlam ups stake in Morocco's SAHAM Assurance for $137 mln

The insurer will purchase the stock, priced at 2,101 rand per share, from its Moroccan partner and business mogul Said Alj and two entities related to him, it said.

Nigerian politicians own 800 properties worth $400m in London, Dubai – Chatham House Expert

Matthew Page, an associate fellow of Chatham House, London, U.K., says education and real estate sectors provide opportunities for Politically Exposed Persons (PEPs) in Nigeria to launder money.

NSE-30 companies pay more than N8 billon to auditors for 2020 services

These companies in the NSE-30 paid a total of N8.87 billion as auditor’s remuneration in 2020.

Can credit ratings unlock sustainable development in Africa?

Credit ratings provide an additional mechanism for investors to understand the credit risks associated with an entity or its debt obligations.

Move toward alternative investments augers well for push into infrastructure

‘If you look at infrastructure investments like renewable assets, they have done very well.’

How Mauritius became the hottest investment opportunity on the continent

Back in 2017, the Financial Times published a special report on investing in Mauritius, headlined “Mauritius sets sights on becoming new Singapore”.

Foreign investors pull Sh2 billion from NSE

This means that foreign investors were pulling out an average of Sh15.25 million daily from the NSE in the first quarter of the year but have raised this nearly five times to Sh72.16 million.

Unit trust schemes funds cross Sh100 billion mark

In the quarter ended December 2020, 43.99 per cent of the total assets under management(AUM) was invested in government securities.

Demutualised for Economic Development

Considering the new vision, mission and core values of the exchange, expectations are very high that stakeholders would get a better deal from the market in the near term and beyond.

Genesis overtakes Sanlam in pension funds assets under management

On the other hand, Sanlam, which was at the top in 2019 with assets under management worth Sh232.7 billion, recorded a decline of 2.4 percent to Sh227 billion last year.

How the UK is supporting East African leadership in tackling climate change

This will provide an opportunity for the world to come together and commit to urgent action.

Why investors can’t get enough of Africa’s debt

Now, Kenya is planning to use the debt instrument to raise $1 billion by June, and Ghana and Nigeria are also preparing their own issues.

Absa Group Closes Large Money Market Mutual Fund

Fund investments are made via the fund management business and cannot be counted on the bank’s balance sheet in the same way as bank deposits.

Nigeria joins Middle East’s Digital Cooperation Organization at first meeting

The first meeting was chaired by Abdullah Al-Swaha, Saudi Arabia’s minister of communications and information technology.

African Bank’s New CEO Looks to Expansion After Industry Hiatus

African Bank will continue to digitize its channels and seek partners to help grow the range of products offered to clients, Bungane said.

Insurance profits surge despite Covid-19 fallout

In 2019, Jubilee, Sanlam and Alliance Life registered a total of Sh4.927 billion.

Allianz Insurance and UBA Ghana forge bancassurance partnership

This will empower them to focus on their daily activities and businesses knowing they have protection against any insured loss.

A closer look at gender-lens investing

While gender-lens investing is spoken about in the industry and at a regulatory level, meaningful execution is distinctly lacking.

5 possible reasons why Absa just killed SA’s third biggest unit trust

The fund represents nearly a fifth of all the money in South African money market funds.

Alternative Investments