Managers of Wealth Africa

Trade deficit narrows by 20pc on reduced imports

The total volume of trade in the six months dropped to Sh1.09 trillion from Sh1.18 trillion recorded over the same period last year.

StanChart bonus shares begin trading

The company said it had restructured loan facilities worth more than Sh22 billion as customers whose incomes have been hurt by the coronavirus disruption applied for financial relief.

NSE slides to 17-year low as stocks suffer huge losses

The market shed Sh22.3 billion in Tuesday’s trading alone to close at Sh1.96 trillion compared to Sh1.98 trillion on Monday.

FDH Bank officially listed on Malawi Stock Exchange

The bank offered its shares to the public and initiated the intention to list the MSE to fulfill a contractual obligation with the Malawi Government as part of FDH Financial Holdings Limited’s acquisition of the then government wholly-owned Malawi S

Nigeria's FBN Holdings injects $66 mln from insurance unit sale into First Bank

Chief Executive Officer Urum Kalu Eke said FBN Holdings sold its 65% stake in FBN Insurance to South Africa's Sanlam Emerging Markets, a minority investor in the business.

Equity Recognized Among The Best Banks In The World

Equity has been recognized among the top 1000 best banks globally by the Financial Times Banker Magazine. Equity was ranked at position 754 out of 1000 global banks, a ranking that was based on an array of metrics including the size of the lender, financ

Is Sub-Saharan Africa’s Capital Market in Distress?

Investment banking plays a crucial role as mediator between companies that issue securities and the individuals or entities wishing to purchase them.

'Africa is a Land of Opportunity.' United Bank for Africa Chairman Tony Elumelu on Why Now Is the Time to Invest in Africa

Countries in Africa face particularly grueling obstacles as COVID-19 cases across the continent continue to surge, locusts swarms in east Africa threaten food security and the African Development Bank warns of a looming recession due to the pandemic.

Virus Stalls Zimbabwe Tycoon’s Bid to Sell Liquid Telecom Stake

The telco operates in 13 countries, with data centers in Johannesburg, Cape Town and Nairobi.

CDC Group increases African trade funding

“In the context of broad outflows of capital from Africa, counter-cyclical commitments from development finance institutions are critical to mitigating these pressures and maintaining trade flows,”

Moza Banco CEO João Figueiredo: “Mozambique must be ready to reposition itself post Covid-19”

In 2019, The Banker magazine presented the ‘Deal of the Year for Restructuring’ award to the bank, reflecting the best financial restructuring for the year at a continental level.

Old Mutual launches new modular personal cover

Not only has Old Mutual introduced a new product range, but they’ve also introduced new technology that makes doing business with them much easier, quicker, safer and more seamless all the way from quote to claim stage.

South Africans look at wealth creation offshore to ease Covid-19 pain

While numerous South Africans have offshore investments, retirement structures and trusts to date, relatively few have set up formal trading entities to be able to transact overseas.

FCMB Asset Management’s Dollar Fund Gets Top Ranking

Legacy USD Bond Fund is easily accessible to the investing public both in Nigeria and the diaspora.

Investors offer a record Sh181bn in July bond sale

The higher than targeted amount taken up is however 16.4 percent of the government’s net domestic borrowing target of Sh494 billion for the current fiscal year, pushing it ahead of target in the early days of the borrowing calendar.

EBRD and BCP support small businesses in Morocco

In Morocco, the EBRD is one of the first financial institutions to develop adequate financial and advisory instruments to alleviate the impact of the pandemic on the economy.

GIPF pension adviser in clash of interests

The GIPF appointed RisCura Consulting (Namibia) as its investment adviser in 2009.

SA businesses look offshore to ease Covid-19 pain

Apart from the ability to find new markets quickly and create diverse revenue streams, the immediate benefits of setting up an offshore company include ease of trade, with the ability to pay suppliers and receive funds in foreign currency without having t

Brenthurst cautions young investors about investing in an RA

Many South Africans were faced with a financial dilemma when COVID-19 lockdowns hit.

Africa Investment Forum: Founding Partners unveil Unified COVID-19 Response to support Africa’s private sector

15 deals in the Africa Investment Forum’s portfolio, valued at $3.79 billion earmarked to address COVID-19 impacts

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