Managers of Wealth Africa

General insurers profit up 29pc in nine months

The companies cut their commissions to agents by 11.8 percent to Sh4.7 billion while also reducing management expenses marginally to Sh21.8 billion.

A Flight to Quality

Investment managers in South Africa continue to be attracted by the opportunity not only to invest outside of the country

South Africa records less foreign direct investment

The portfolio investment inflows were 40.2 billion rand from July to the end of September, compared with inflows of 10 billion rand in the previous quarter, mainly reflecting the government’s issuance of international bonds of $5 billion, the SARB s

France injects €2.5 billion into Africa to finance SMEs

Revealing details of the financial solutions to SMEs and start-ups in Accra, Deputy CEO of Proparco, Djalal Khimdjee said they are working to increase capital injection on the continent from 2.5 billion to about 3 billion euros.

Equity’s James Mwangi makes Bloomberg 50 list

The Nairobi Securities Exchange-listed firm is set to take a 62 percent stake in Banque Populaire du Rwanda and full ownership of BancABC Tanzania, BancABC Mozambique and Atlas Mara Zambia.

NSE records first gain in December, up 0.19%

UBA went up by 3.85 percent to close at N6.75, while UACN appreciated by 3.11 percent to close at N8.30 per share.

South Africa's Growth Forecasts Slashed, Recession Risk High

Barclays analysts wrote that they see clear downside risks in South Africa, given the ongoing decline in the South African Reserve Bank’s leading indicator for economic activity.

South African business sells off insurance arm

As Newcastle-based advice firm makes first acquisition in M&A pipeline

Trustco Embraces South African Opportunity

Significant synergies exist between the two entities - Constantia services traditional insurance markets in South Africa while LSH services the micro insurance market in Namibia.

Sanlam invests R540 million into SA communities and is set to continue

Sydney Mbhele, the chief executive of Sanlam Brand – who joined the group early in 2019 – says while there have been setbacks over the past few years

New players to even out Africa’s investment battlefield in 2020

The continent’s traditional development partners – the EU, China and the US – are facing increasing competition on the ground from new players, such as Russia, the Gulf states and Turkey

Chubb Makes Equity Investment in African Trade Insurance Agency

ATI supports trade and investment in African member states by providing comprehensive risk solutions, such as political risk and credit insurance products.

UK-based Apis Partners hits final close of second fund at $550m, exceeds target

Apis Growth Fund II expects to make equity investments of between $30 million and $50 million into financial services with a focus on capital-light financial services and fintech companies across the growth markets of Africa, South Asia and Southeast Asia

Motsepe's African Rainbow Capital expecting start-up investments to shine

This was more than R5 discount to its net asset value (NAV) per ordinary share of R9.45 that the company reported at the end of its financial year in June.

AAR ranked most profitable firm in general insurance

The launch of AAR’S Marine Cargo Insurance product in Nairobi in 2017, AAR Insurance Kenya has been rated the most profitable underwriter in the country.

Why Chinese capital is venturing into Africa’s fintech future

The continent needs banking services and some first-movers are aiming to make the most of the growing uptake of mobile phones to plug into the potential

Uganda to borrow $661 million to plug 2019/20 budget deficit

The Finance Ministry said in documents posted on parliament’s website that the government planned to borrow the money from a local unit of South Africa’s Standard Bank and regional Trade Development Bank.

Kenya negotiates with 44 African states for new Free Trade Area

Speaking in Nakuru when he presided over the inauguration of a Sh1.2 billion ultra-modern animal feeds manufacturing plant owned by consumer goods producer BIDCO Africa Group, Munya said favourable trade agreements within the East African Community had ex

Equity continues to entrench its core mission to empower customers to achieve their dreams and expand opportunities for wealth creation

The banking sector continues to play a crucial role in boosting financial integration in the East Africa Community.

Island of Comoros Raises $4 Billion to Fund Infrastructure, Tourism

Comoros is one of the world’s biggest producers of ylang ylang, an essence used in perfumes

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