Managers of Wealth Africa

Cayman Islands beats Mauritius! FDI into India surges to $2.1 billion

Based on cumulative inflows between April 2000 and September 2020, it is the 10th largest contributor with a 2 per cent share in total FDI flows

Charts Showing Ghana’s Banks Are Rebounding Slower Than Economy

NPLs are slowly ticking lower as growth in Ghana's economy picks up

Nigeria’s Biggest Bank in Talks to Buy Atlas Mara Assets

A deal would also mark the second transaction between Atlas Mara and Access Bank after the Nigerian lender agreed to buy its Mozambique unit at the end of September.

Foreigners piled into South African bonds last month - here's why

It was feared that the Moody’s downgrade would trigger a massive sell-off as foreign investment funds which can only invest in investment-grade bonds, had to dump local bonds.

ENSafrica experts recognised for IP excellence

This publication recognises some of the best up-and-coming IP practitioners in private practice who contributed to the success of their firms and clients.

Nigerian bank reveals extra pay to Moi allies

Access Bank acquired a 99.98 percent stake of Transnational Bank on July 20 and paid Sh1.21 billion in cash at the time of closing the deal.

StanChart partners with Sanlam to launch Bancassurance products

Mr. Rughani also applauded the Bancassurance guidelines that were issued by Tanzania Insurance Regulatory Authority and the Bank of Tanzania for banks and financial institutions in 2019

Afreximbank partners with Rwanda on FDI fund

FEDA is led by chief executive Philip Kamau, an Afreximbank veteran and former senior director, who was appointed to lead the establishment of the fund two years ago.

Mthuli Ncube US$100m for Sovereign Wealth Fund

"The fund now needs to be capacitated in order to perform its functions," said Prof Ncube in the 2021 National Budget presentation.

KCB grosses $10b in assets, eyes buyouts in DRC, Ethiopia

Last year, KCB Group acquired the struggling state-owned National Bank of Kenya (NBK) and took over the good assets of Imperial Bank which was put under receivership by the Central Bank of Kenya on October 13, 2015.

Tier-one banks raise bad loans provision by Sh50bn

The total excludes I&M Bank, which is yet to report its third-quarter results, while NCBA’s total for 2020 reflects the merged entity with NIC Bank.

Centum falls into half-year loss

The performance was a stark contrast from Sh6.79 billion net profit in a similar period last year.ion.

The new normal for trade structuring in Africa

In Africa, the pandemic has also served as a reality check about food security, health infrastructure and the manufacturing deficit resulting in an excessive dependence on imports for basic necessities.

Ecobank Group Empowers Women Businesses through Ellevate, its new women-focused programme

A healthy collaboration between Government and Private sector is critical for the creation of a conducive environment in which women can thrive and succeed

AfDB approves 120 mln USD loan for Tanzania hydropower project

The government of Tanzania will provide the remaining 4.14 million dollars, the statement said.

FirstRand warns half-year profits could drop by up to 25%

As the impact of the coronavirus crisis continues to hurt its operation.

South African stocks you should be looking at: JP Morgan

While the former group has risen 14% in US dollar terms and outperformed the latter by 19% in the last three months, domestics are still down about 18% year-to-date, he said.

What makes Nigeria the dominant country in West Africa’s startup space

Techpoint Africa‘s recently-released report lends credence to this, highlighting startups in West Africa that have raised more than $1 million in the last ten years.

Put small-scale traders at the heart of efforts to accelerate trade and investment in Africa post COVID-19

The AfCFTA will not in one dramatic swoop alter existing commercial and economic realities on a vast scale, but its implementation could lead the recovery efforts from the COVID-19 crisis – Solomon Quaynor, VP African Development Bank

AfricInvest acquires minority stake in Fidelity Bank, Ghana

Fidelity offers a comprehensive range of innovative products and services in the retail and corporate space, through a steadily growing network of branches and various digital channels.

Alternative Investments