Managers of Wealth Africa

How fund managers find ‘innovation’ in uninspiring areas

With the race to find revolutionary stocks hotter than ever, what unlikely stocks or sectors have investors looked into?

Emigration, corruption, SEOs: don’t fall for scaremongering when investing

Keep a cool head in the current political and investment climate

Africa losing $89 billion each year due to illicit financial flows, according to UNCTAD report

In a recent from the United Nations Conference on Trade and Development (UNCTAD), it can be observed that Africa has lost nearly $89 billion on an annual basis, in illicit financial flows - which include tax evasion, theft, and diversion of public funds.

Proparco backs Kenyan bank with $100m

Proparco, a French Development Finance Institution, has granted $100m loan to Equity Group Holdings, which will allow the Kenyan bank to grow and continue its support to the private sector.

What’s the beef with African Rainbow Capital’s management fee?

The fee will still be paid – from internal cash resources – while the proceeds from the rights issue will now be used to shore up capital, fund existing investments and any new opportunities that crop up. Really, that’s just a juggling a

Atlas Mara gets new buyer after Equity Group snub

Atlas Mara says it has reached a new deal to sell BancABC Mozambique to Access Bank, adding that more divestitures could follow.

South Africans setting up a business in the UK

Setting up an entirely new business in the UK is not impossible to do.

Stakeholder capitalism - what is it, and how can it help the Middle East and North Africa?

The Forum’s Principles of Stakeholder Capitalism for the Middle East and North Africa is a roadmap for more inclusive economic growth in the region

NSE’s capitalisation hits N14tr mark amid sustained bulls run

Analysts at Afrinvest Limited, said: “We remain optimistic about a sustained bullish run as we approach earnings season.”

Forex reserves drop after State’s external payments

“The government has to make some external payments, on those loans that they have. We are making those payments for them,” said Dr Njoroge without giving specifics.

South African Plan Must Address Constraints or Fail, Central Bank Says

After the economy shrank the most on record in the second quarter, the country was hit by a new wave of electricity outages, known locally as loadshedding, in July.

EBRD, EU and partners support green investments in Morocco

Two key programmes, cumulatively worth €253 million, are supporting a green response in the country through EBRD finance, complemented by EU grants.

Banks restructure Sh1.1 trillion loans on Covid cash woes

Data by the Kenya National Bureau of Statistics (KNBS) shows the number of people in employment fell to 15.87 million between April and end of June compared to 17.59 million the previous quarter.

Trade and Development Bank donates half a million dollars to COVID-19 response in Africa

The donation is being made to the African Union through the COVID-19 Response Fund as part of TBD’s COVID-19 Emergency Response Programme (CERP).

South African Stocks Edge Toward Quarterly Gain

An index of gold stocks is climbing for the eight consecutive quarter, the longest-ever such winning streak.

How declining interest rates, others drive a shift in Nigeria’s investment sector

It has been noted that the declining rates of interest have forced savers to turn to mutual funds.

UBA’s Chairman, Tony Elumelu, Named in “TIME 100”

One of only four Africans on the 2020 listing

The path towards a future that matters

There are two key issues that provide the context for the question around how asset managers are likely to evolve in years to come.

South Africa Pins Infrastructure Hopes on Green-Bond Appetite

“There is a shortage of 140 billion rand in phase one, and a large part of that will come from green bonds,” said Patricia de Lille, the minister in charge of the public works department that’s overseeing the program.

Stabilising Economy with Unorthodox Monetary Policy

Already, Gross Domestic Product (GDP) figures already released by countries across the world showed that a lot of economies have also slipped into recession.

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