Managers of Wealth Africa

State mortgage firm gets nod

The two lenders had committed to inject into the firm $100.51 million (Sh10 billion) and $250 million (Sh25 billion) respectively.

Zim eyes US$2bn from G7 nations

Zimbabwe imported US$6,3 billion worth of goods from international suppliers in 2018, down 1,9 percent since 2014, but up 26,1 percent from 2017 to 2018 while the country shipped US$4 billion around the world in the same period.

South Africa should look to pensions instead of an IMF bailout: ANC

The IMF doesn’t see a balance-of-payments problem in South Africa, which means there’s no need for IMF support

How would a downgrade impact South Africa’s bond market?

Morningstar said that the rand could weaken against the US dollar due to foreigners selling local bonds.

Roundup: Kenya's property sector hits rough patch

The disclosure highlighted the level of distress in the industry, as a number of the east African nation's 24,000 mortgage holders, according to the Central Bank of Kenya, struggle to service their loans.

South Africa: State Worker Pension Fund Could Take a R12 Billion Hit From Steinhoff Share Collapse

The structure was linked to a R9.35bn loan extended by the PIC to Lancaster Group, a BEE investment vehicle, to buy Steinhoff shares.

Ghana Bans Funds From Taking Cash With $1.6 Billion Tied Up

Regulator probes 21 fund managers for allegedly flouting rules

Government pays over GHS3 billion to pension schemes

Expanding pension coverage to the informal economy remains a top priority for the Ministry

Zimbabwe Has a Plan to End 20-Year Standoff With Creditors

Zimbabwe authorities plans to lower interest rates from 50%

South Korea to Invest in the Future of Africa

Part of the dialogue was about understanding Africa and helping build an entrepreneurial presence on the continent.

These 7 companies have been pegged as SA's next heavy hitters

Starting in August and continuing over the coming months, each recipient will be provided with personalised support aimed at helping them scale up into "significant companies of R500m-plus in value

NSE stays in the red for third week in a row as foreign investor sales continue

The NSE 20-Share Index, which has remained stuck at a 10-year low for the three weeks, was unchanged in Tuesday’s trading.

Credit Suisse sees value in the following South African stocks

There are reasons to be more optimistic, the Credit Suisse analysts said. They expect some appreciation in the rand, while predictions about South African economic growth are overly pessimistic.

Swiss Re to set up new Ivory Coast reinsurance underwriting office to expand in Middle East and Africa

The office is expected to be fully operational by 1 October 2019.

South Africa: Lucrative Banking Sector Job Cuts Immoral in Economic Climate

When are profits enough and when does the well-being of bank employees, their clients and the country as a whole, begin to override this atavistic and never-ending quest for more?

Overcoming barriers to intra-African trade

Speaking at a pan-African Trade forum in Lagos, they identified other barriers to trade as poor infrastructure, lack of trust and different payment systems.

Timelines for EAC single currency to be revised

The Protocol for the establishment of the EAMU was signed in November 2013 by the EAC member states, setting up a 10-year roadmap for attaining a single currency regime in 2024.

African businesses eye UAE for growth, development

Africa is set to surpass China and India as a job market by 2040, and with the recent visa reforms in the UAE, Dubai has emerged as an attractive destination for Africans to pursue career advancement and professional fulfillment.

Billions poised for Africa’s real estate sector

Some of the most high-profile deals include well known listed funds and global investors

Billions poised for Africa’s real estate sector

“In the first two quarters of 2019, we’ve tracked ten significant transactions in excess of more than a half a billion dollars across multiple jurisdictions and sectors by API Summit stakeholders,” says Rusin.

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