Managers of Wealth Africa

Shilling dips, NSE sheds Sh110bn after economy reopening

The pandemic has battered the economy and delivered mass jobs cuts with the Treasury projecting growth to slow to 2.5 percent this year from 5.4 percent last year.

Cititrust Holdings Plc Wins Global Finance Award

Cititrust Holdings Plc is designated winner of the ‘Decade of Excellence Investment Holding Company Africa 2020’ category.

Equity Group eyes Sh50bn long-term debt in three years

Equity’s Sh22.89 billion loan or about 40 per cent of its current borrowings will mature by March 2023, the information in its latest annual report shows.

Global Credit affirms Kenya Re’s stable outlook on strong capital, liquidity

The agency said the international scale financial strength rating was lowered to reflect higher operating risk in jurisdictions where gross premiums are derived.

Stima Sacco restructures Sh450m customer loans

Banks had restructured loans worth Sh679.6 billion or 23.4 per cent of the total loan book by the end of May.

Older South Africans are taking their wealth and pensions offshore

Pension taking Offshores by the Old South African

EAC partner states urged to open air transport services

“Opening of regional aviation sector will stimulate economic activities not only in the sector but to also in the tourism sector which has been hard hit by the COVID-19 pandemic.”

How to save on insurance - getting it right the first time

In short, as with previous OSTI reports, the 2019 numbers confirm that motor

Stock market rises further, investors gain N94bnc

The premium subsector was the most active (measured by turnover volume), with 96.97 million shares traded by investors in 1,231 deals.

‘Protect Local Investments And Strengthen Intra-African Trade’

The forum had a diversity of presentations by various economists and was attended by senior government officials and scholars virtually, who discussed policy options to boost economic recovery after months of lockdown caused by the COVID-19 pandemic.

Fitch warns three EAC members risk lower rating downgrade

The coronavirus shock compounds a marked deterioration in public finances in sub-Saharan Africa, which will be challenging to reverse

Foreign direct investments in East Africa declined in 2019 - report

Inflows to Kenya however dropped by 18 per cent to $1.3 billion compared with $1.6 billion in 2018, despite several new projects in information technology and healthcare.

Investing Offshore: Do you need a foreign will?

Legislation in different foreign jurisdictions may vary substantially with regard to succession, inheritance taxes and validity requirements for the signing of wills.

Two firms set to list on Rwanda bourse

“The year has not been that bad for us in terms of activities and transactions.”

Mauritian firm completes Sh1.2 billion acquisition of Saham

The move is second such acquisition by the Mauritian biggest underwriter by market share, marking its expansion into the East African market

Kenya: Why Equity Bank broke off talks with Atlas Mara

EGH is the parent company of the Equity Bank banking group ($400m in revenues in 2018), the second largest in Kenya and also present in Rwanda, Uganda, South Sudan, Tanzania and the DRC.

Network International forecasts 17-20% revenue decline in first half

The transition from cash to digital payments remains in high growth across our markets, where recent indicators point to an acceleration in this trend.

Real Estate sector struggling due to effects of COVID 19

The real estate sector has significantly suffered an economic down turn this year as a result of the Covid-19 pandemic but Maina said they have no plans to audit properties belonging to defaulters.

This little tax-haven island off England is has become a popular spot for South Africans to invest

Guernsey’s so-called ‘40(ee)’ international retirement plans offer a range of retirement planning and other benefits that make them ideal for internationally mobile South Africans, wherever they happen to be working or living.

International Banks Eye NSSA’s US$12m Stake In ZBH Takeover

NSSA oversees the national pension scheme and has 66 528 608 shares in ZB.

Alternative Investments