Managers of Wealth Africa

Bloated public sector hurts Kenya’s push to become regional hub

The reality of doing business for both large and small enterprises is often at odds with the rosy picture painted by economic reports.

African Development Fund: Japan, African Development Bank Group, sign JPY 73.6 billion loan agreement

The concessional donor loan will support the 15th replenishment of the African Development Fund, approved in December 2019 by ADF donor countries

Apex Group closes acquisition of Mauritius-based fund services provider GFin

Second deal completion this week sees Apex add to its fund services business in Mauritius.

Why Kenya is yet to attain global financial hub status

The project seeks to establish Nairobi as a well-functioning financial hub by accelerating economic growth, and consolidate Kenya as a leading financial centre in East and Central Africa.

Fidelity Bank issues N41.21b Tier II Local Bonds

Last December, the bank had announced plans to issue fixed income securities with 10-year tenor to support the growth and development of Small Medium Enterprises (SMEs), retail business as well as its technology infrastructure.

BCG proposes post-COVID recovery plan for Nigeria

A steep drop in per capita income could lead to an increase in the number of vulnerable Nigerians.

African Alliance pays N967m claims in 40 days

“We won’t shirk our responsibilities; we have promised to remain with our customers for life, we will not relent on our oars as we continue to excite our policyholders.”

NSE opens week with 0.33% growth on Seplat, Lafarge Africa gains

Market sentiment, as measured by market breadth, was positive with 31 gainers relative to 13 laggards.

Foreign investments in Nigeria fall 44% to $16.7bn in 2020 — NIPC

The report said that the drop in value could be attributed to the economic impact brought about by COVID-19 pandemic

ETF boon for retail traders

The ETF, therefore, makes it easier for small retail traders to buy, hold and sell stock in these big corporations, which otherwise they would not afford to.

Ecobank Nigeria issues $300m bond

At the peak of marketing the transaction, the issue was over three times oversubscribed, with significant interest from international investors.

How African startups raised investments in 2020

The result of that investigation detailed differences in methodology, as well as similarities.

NSE market capitalisation loses N426bn

Similarly, the All-Share Index dipped 814.15 points or 1.96 per cent to close at 40,696.01 from 41,510.16 recorded on Tuesday.

Treasury targets Sh18bn in February bond tap sale

The CBK has reopened a lot of bonds with a maturity profile of about seven to eight years resulting in a perceived oversupply of the tenors.

Mauritius Finance: Financial services operators unite around an expanded and consolidated platform

Commenting on the launch of Mauritius Finance, the Hon. Mahen Seeruttun highlighted that a communications cell has been developed to ease the interactions among the local financial services sector as well as overseas.

CrossBoundary Group and Brown Advisory announce strategic partnership

The partnership includes a minority investment by Brown Advisory in CrossBoundary Group, and initiatives for both firms to collaborate on a global basis

NSE turns to Safaricom platform to boost stock trades

NSE is replacing the Multi-Protocol Label Switching network that has been used since 2011 with the Software-defined Wide Area Network (SD-WAN) supported by Safaricom.

Sovereign Trust paid N2.9bn claims in 2020

He said a significant number of customers had come to appreciate the role of insurance in their everyday life, which increased the claims paid.

CWG grows net profit by 570%

The growth underscored the company’s resilience amid the COVID-19 pandemic, as it continued to launch innovative solutions and invest in rewarding partnerships.

PenCom moves to reduce unfunded retirement savings accounts

“The key area of regulatory concerns were the rise in unfunded RSAs.

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