Managers of Wealth Africa

CDC backs Stanbic IBTC

The UK development finance institution will provide USD 75 million in debt finance to the Nigeria-focused bank.

Afreximbank, ITFC and BADEA launch Collaborative COVID-19 Pandemic Response Facility

COPREFA will be accessed by eligible central banks, commercial banks and businesses to finance the import of medical supplies as well as agricultural equipment

Ajayi: ETFs Becoming Popular among Nigerian Investors

Also, ETFs combine the characteristics of mutual funds and stocks in the sense that they are typically but not always structured as funds and they trade on an exchange like any other listed security.

Profit-taking halts gaining streak as market capitalisation sheds N27b

Analysts at United Capital Plc, said: “We expect the earnings to continue to sway the direction of the market coupled with the low yield environment as we await the Tier one Banks results.”

IQ-EQ named ‘Best Fund Administrator’ for third year running at AGF Service Providers Awards

These prestigious awards seek to recognise the outstanding efforts and accomplishments of a broad range of firms servicing Africa’s funds industry.

Accessibility drives INFINOX Capital’s expansion into Africa

INFINOX Capital believes that as technological accessibility increases, the boost in the economic standpoint of the country will result in a growth in the middle class population

Beyond COVID-19: Charting the road to recovery for South African insurers

Seven big moves could help insurers navigate the crisis and thrive in the long term.

Choosing the right Citizenship by Investment (CBI) Programme

For Nigerians looking for increased access to global opportunities and travel or looking to secure a safety net, Grenada Citizenship by Investment is your answer.

Kenya fund managers cautious despite gains

The survey covers 417 schemes with a total $8.4 billion of assets under management.

Micro-lender Jijenge sees collection rates inch back to pre-Covid levels

The repayment rates or collection rates have returned to between 80 and 85 per cent between July and September

Dr. Chiragra Chakrabarty discusses IMF report and argues on Mauritius as safest financial hub for Africa

For many years, Mauritius, as a jurisdiction has posed itself not only as a business conduit to Africa but tourism, is a major economic pillar that has leveraged growth significantly.

Zambia's risk of default highlights Africa's debt crisis

Zambia seeks a holiday of six months, but the bondholders' final decision is pending.

Why businesses, individuals can’t access N1.75trn intervention funds

Intervention funds are initiatives of the Federal Government aimed at providing subsidized loans, at low interests and long tenor to various sectors of the economy to fast-track private sector-led economic development.

T-bills attract few takers as investors target bonds

Investors bid Sh19.52 billion in the previous week, a shift from the two auctions that had witnessed a growing demand due to improving liquidity.

Blue-chips target Sh1bn new capital on key index shift

This shift means that Kenya’s weight in the index will increase to 9.49 percent from current levels of about 8.2 percent

NSSF firms grip on KCB with Sh719 million share purchase

Foreign investors have sold a combined stake of 6.66 per cent in the eight-month period.

Twiga Foods targets small firms with Sh3.2bn IFC funding

The drive raised Sh2.57 billion ($23.75 million) in equity from Goldman Sachs as well as venture capital investors such as the IFC, TLcom Capital, Wamda Capital and Creadev.

‘The greed that sometimes drives capitalism must be tamed’ – James Mwangi

Whole teams have been set up to work from home, with all the security and equipment costs this entails.

African Insurer Old Mutual to Expand Business in China

Old Mutual stuck with the partnership with China Energy Investment Corp., one of the world’s biggest power producers, after resolving ownership issues following a consolidation of the nation’s utilities.

CBK forex reserves fall Sh44 billion

The foreign reserves were likely used in debt servicing of bilateral loans, multilateral loans from World Bank’s body the International Development Association (IDA) and AfDB as well as syndicated loans.

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