Managers of Wealth Africa

Equity Group Reviewing African Fintech Unit as Executives Quit

Kenyan lender is considering making Finserve a division again

Country cannot afford NHI, Nedbank economist tells tax indaba

Radebe told delegates at the indaba that the country's flagging economy was not in a position to afford the NHI, which will be rolled out in two phases over a nine-year period.

Cell captives could stimulate insurance markets in sub Saharan Africa: Cenfri

Cenfri also highlighted the role captives can play as a pathway into the insurance market for prospective new insurance licensees while they build up capital, skills and experience.

Create a financial plan … and act on it

Investors can protect their money by changing the asset class or vehicle an investment is in.

Zim to court investors at Japan indaba

The MoU between ZimTrade and JETHRO is designed to boost trade between the two countries.

Ecobank Zambia receives USD 15 million from the Netherlands Development Finance Company (FMO) towards SME Support

Ecobank Zambia will use this investment to give out loans to deserving small and medium entrepreneurs in Zambia to help boost their businesses and contribute towards the economic development of Zambia.

How to invest in Africa’s future

For the most part Canadian have stayed away from pursuing opportunities in Africa.

This is South Africa’s best-run municipality, financially speaking

According to the National Treasury, the criteria used to measure the financial health of a municipality includes eight key measures.

Allan Gray clients now own 10% of Old Mutual – despite fears that its CEO crisis will split staff into two factions

Moyo, for his part, claims his relationship with Old Mutual chair Trevor Manuel started to deteriorate after he pointed out that a company, which Manuel chaired, stood to benefit financially from the group’s massive restructuring.

Zimbabwe to borrow $1.9 billion from G7 countries to repay its debt

The minister said Zimbabwe also expected the Paris Club, whom it owes 2.8 billion U.S. dollars, to forgive part of the debt.

A $1.6 Billion Horror as Ghana Investors Can’t Get Their Savings

Money managers blocked by regulator from taking new funds

Ghana investors unable to get their savings after banking industry clean-up

That's tying up as much as nine billion cedis (S$2.3 billion) of investments, more than a third of the 25 billion cedis in assets that private fund managers oversee for retail and institutional investors.

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

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