Managers of Wealth Africa

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.

Equities sustain recovery with N224b gain

With 37 gainers to 11 losers, all sectoral indices closed positive with the exception of the NSE Oil and Gas Index, which dropped by 0.6 per cent.

Bob Diamond’s Atlas Mara to sell Rwandan and Tanzanian units

The deal is part of Atlas Mara’s strategy of paring back on its African foray after Diamond misjudged competition in Africa and paid too much for acquisitions

IFC mulls over $150mln loans to Absa Bank for green projects

The financial institution has already expressed its intention to further develop its climate finance activities over the next few years.

Moroccan Aradei Capital gets approval for an IPO

Aradei Capital plans to reorganize its shareholding by the end of this operation.

South Africa needs to contain rising debt, says Mboweni

Finance Minister Tito Mboweni has attributed the country’s debit crisis to the public sector wage bill and government’s pattern of expenditure

Higher public debt threatens S.Africa's financial system, c.bank says

"The interconnectedness between the financial sector and the sovereign has emerged as a major threat to financial stability in South Africa," the document said.

UAE-based financial comparison website eyes expansion in Gulf, North Africa

140,000 customers have purchased a financial product from the BankOnUs website since its launch two years ago

How Safe is Investing in South Africa Right Now?

These shifts present opportunities for fresh thinking and new strategies around investments.

Bezos Backs Start-Up in Maiden Africa Investment

The company has 3 million users on its platform across Ghana, Uganda, Kenya, Tanzania, Rwanda, Nigeria and South Africa, and processes an average of 80,000 transactions daily, according to the statement.

‘Investment experts, adequate data, needed to drive growth in insurance, pension sectors’

Awo, who was a facilitator at the training, stressed that though insurance revolves round paying of premium and claims, it is, however, first an Investment targeted at curbing risk, as well as ensuring returns on investment.

Africa Oil & Power Releases Africa Energy Finance Report, Launches Dedicated Finance and Investment Event in 2021

The downloadable report aligns with the Energy Finance Forum, co-hosted as part of the upcoming AOP Conference & Exhibition 2021 (October 5-7) held in Cape Town

Temenos to expand to West Africa to target Francophone banks

Banking software provider Temenos plans to open an office in Côte d’Ivoire or Senegal to target francophone clients.

Kenya seeks three and a half year access to IMF emergency loans

The new funding to be accessed via the IMF Extended Credit Facility (ECF) which provides assistance to countries with protracted balance of payments problems is expected to support the country’s next phase of COVID-19 response.

South Africa descends deeper into junk after downgrades by Moody’s and Fitch

Only five of 23 economists surveyed by Bloomberg predicted Moody’s to cut the rating.

Over $20 billion pumped into crypto market by big investors

Institutional investors are largely responsible for the massive bullish trend presently playing out in the crypto market.

Nigeria’s Seso expands into SA, Ghana as it bids to ease property management in Africa

Seso Global, a one-stop platform for property management and transactions that began life in Nigeria, has expanded to South Africa and Ghana and is looking even further afield as it focuses on addressing a major challenge on the continent.

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