Managers of Wealth Africa

Pension schemes in East Africa on growth trajectory

Today, we have fully independent government pension and corporate pension schemes that are fairly well co-ordinated.

S&P Affirms A/Stable Outlook & Notes African Trade Insurance Agency (ATI)’s ‘Policy Importance’ to the Region

S&P Global Rating published its annual assessment of the ATI's performance reaffirming the company’s creditor rating of ‘A’ with a Stable Outlook (A/Stable)

Listed-property clients can weather Covid-19 storm, says Nedbank

The lender will condone covenant breaches only if real-estate businesses are servicing their debt obligations, an official says

Banks’ Asset Quality Grows

Consequently, the industry's NPL ratio adjusted for fully provisioned loan loss category also declined from 9.4 per cent to 5.2 per cent.

Virus Adds to Woes of Nigerian Banks Beset by Oil’s Collapse

Most banks have their crude risks hedged at $40-$50 a barrel, according to ARM Investment Managers in Lagos, which means provisions would need to be raised if prices remain at current low levels.

Mboweni sees economy contracting by 6.4%, struggling Land Bank saved

The projected rebound "is possible but will require South Africa to be quite strong in structural reforms and the recapitalisation of some of the firms which may come under stress during this period."

Old Mutual donates COVID-19 testing machines to NIP

The NIP will be able to automate the extraction of the virus from collected samples

Have multi-asset funds lost their balance?

Another torrid quarter for investments aimed at giving those planning for their retirement the best equity

Foreign funding is SA’s best option

It comes at a lower interest rate than loans on the open market.

Ramaphosa announces South Africa’s biggest spending plan ever to fight coronavirus

The support package bolsters spending from a mere 0.1% of GDP to 10% of GDP.

Kenya’s GDP’s growth to decelerate to 3.5pc in 2020

Key factors that contribute to this rating include persistent fiscal slippages by the Government leading to expanded external borrowing, rising budget deficit to GDP ratio, high risk debt distress owing to adverse effect of locust invasion and COVID-19 pa

Ecobank Group contributes US$ 3million across its Africa footprint to support the fight against COVID-19

We are particularly mindful of the needs of our communities and therefore focused on these to ensure positive impact both in our urban and rural areas.

South Africa considers pandemic responses, including $5.3bn social bond

“National Treasury is exploring various funding instruments including the social impact and/or solidarity bond to fund the impact of Covid-19,” it said in a response to queries.

Africa Prudential: Driving growth with digital strategies amid lockdown

That means companies that scheduled their AGMs before the lockdown and are now probably considering postponing them because of the lockdown, may not need not worry.

Multinational advisory firm opens branch in Ghana

“The firm will also deliver impact through redefined solutions in the field of social investment, sustainability and environment in Ghana”.

Sanlam Emerging Markets contributes $2.3m to fight Covid-19

Sanlam Kenya Group Chief Executive Officer Dr Patrick Tumbo, said the firms are highly conscious of the fact that the prevailing situation is totally unprecedented and that the country has found itself needing to deal with a large-scale health and social

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