Managers of Wealth Africa

S. Africa Looks to Green Infrastructure Bond to Spur Growth

“A idea that’s finding traction is a green infrastructure bond,”

Stanchart to finance companies that help tackle COVID-19

All financing was subject to companies having received regulatory approvals to manufacture the essential goods.

Deficit Seen Widest Since WWI Weighing on South African Bonds

Yields on benchmark 10-year rand notes have climbed 68 basis points from a one-year low on June 3 to 9.3%, the highest among major emerging markets monitored by Bloomberg.

T-bonds see heaviest investors uptake in one-and-a-half years

Analysts at KCB Capital had said in a pre-auction note that the paper would be attractive to banks, which have recently shown a preference for shorter dated paper amid interest rate uncertainty.

Brokerslink continues African expansion with new broker in Tunisia

The Tunis-based insurance and reinsurance broker, specialises in core lines of business in Tunisia including industrial and commercial cargo, construction

IFC invests $100 million in Zenith Bank to support SMEs amid COVID-19

The loan is IFC’s first in Africa under its global COVID-19 fast-track financing support package.

South Africa’s government is looking for R1.5 trillion in investments to finance its infrastructure plans

The government’s ability to fund projects has been constrained by surging debt and the loss of its last investment grade rating on its debt.

Why Africa Saw its Biggest Surge in Micro-Investment During the Past 12 Weeks

Micro-investing apps have taken investing to the next level without taking away from traditional investing.

Kenya’s investors welcome budget for financial year 2020/21

Nesbitt said new relief on flower and horticulture farmers whose export-dependent business had been hard hit has brought excitement to the sector.

IFC, Zenith Bank to Support SMEs with $100m

Zenith will support dozens of businesses in Nigeria’s health, pharmaceuticals, food, and trading sectors

Kenya’s foreign direct investment falls by Sh31bn

About 54 percent of Kenya’s FDI was reinvested earnings, the UNCTAD says, the highest share among leading investment destinations in Africa.

Africa’s Green Revolution Lures New Fund Eyeing 12% Returns

The impact it expects to make ranges from helping the climate to boosting gender equality and improving food security

Sh40 billion final bond issues seen hooking investors

The market also remains liquid due to government payments as the fiscal year ends, with banks especially holding on to Sh32.8 billion in excess reserves above the 4.25 percent statutory cash reserves requiremen

Foreigners are pouring billions into South African bonds – that’s good news for taxpayers

South Africa yields are standing out, says Wikus Furstenberg, portfolio manager and head of interest rate process at Futuregrowth Asset Management.

CMA raises red flag over top five firms’ dominance

Safaricom alone is worth more than all the other listed firms combined, with its valuation of Sh1.181 trillion accounting for 54.1 percent of the NSE’s market capitalisation.

Baft launches Africa council

Based in Nigeria, Onuoha has more than 25 years of experience in domestic and international banking operations and trade finance.

Virus: Insurance premiums fall Sh806m in first quarter

As at March last year, gross written premiums stood at Sh67.2 billion, a 1.2 per cent decline means insurance premiums now stand at Sh66.4 billion.

Old Mutual launches South African ESG equity fund

Its total annual investment charge, of 1.18% for retail investors, is relatively low for an actively managed equity fund.

Forget the banks, insurers are more vulnerable to Covid-19

Old Mutual told investors recently that it's been difficult to sell, and that some existing customers asked for premium holidays and, in extreme instances, lapsed their policies.

Futuregrowth invests in SA personal finance startup LifeCheq

Futuregrowth, which has previously invested in SA fintech Yoco in 2018, did not disclose how much it had invested in LifeCheq

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