Managers of Wealth Africa

IFC invests $100 million in Zenith Bank to support SMEs amid COVID-19

The loan is IFC’s first in Africa under its global COVID-19 fast-track financing support package.

South Africa’s government is looking for R1.5 trillion in investments to finance its infrastructure plans

The government’s ability to fund projects has been constrained by surging debt and the loss of its last investment grade rating on its debt.

Why Africa Saw its Biggest Surge in Micro-Investment During the Past 12 Weeks

Micro-investing apps have taken investing to the next level without taking away from traditional investing.

Kenya’s investors welcome budget for financial year 2020/21

Nesbitt said new relief on flower and horticulture farmers whose export-dependent business had been hard hit has brought excitement to the sector.

IFC, Zenith Bank to Support SMEs with $100m

Zenith will support dozens of businesses in Nigeria’s health, pharmaceuticals, food, and trading sectors

Kenya’s foreign direct investment falls by Sh31bn

About 54 percent of Kenya’s FDI was reinvested earnings, the UNCTAD says, the highest share among leading investment destinations in Africa.

Africa’s Green Revolution Lures New Fund Eyeing 12% Returns

The impact it expects to make ranges from helping the climate to boosting gender equality and improving food security

Sh40 billion final bond issues seen hooking investors

The market also remains liquid due to government payments as the fiscal year ends, with banks especially holding on to Sh32.8 billion in excess reserves above the 4.25 percent statutory cash reserves requiremen

Foreigners are pouring billions into South African bonds – that’s good news for taxpayers

South Africa yields are standing out, says Wikus Furstenberg, portfolio manager and head of interest rate process at Futuregrowth Asset Management.

CMA raises red flag over top five firms’ dominance

Safaricom alone is worth more than all the other listed firms combined, with its valuation of Sh1.181 trillion accounting for 54.1 percent of the NSE’s market capitalisation.

Baft launches Africa council

Based in Nigeria, Onuoha has more than 25 years of experience in domestic and international banking operations and trade finance.

Virus: Insurance premiums fall Sh806m in first quarter

As at March last year, gross written premiums stood at Sh67.2 billion, a 1.2 per cent decline means insurance premiums now stand at Sh66.4 billion.

Old Mutual launches South African ESG equity fund

Its total annual investment charge, of 1.18% for retail investors, is relatively low for an actively managed equity fund.

Forget the banks, insurers are more vulnerable to Covid-19

Old Mutual told investors recently that it's been difficult to sell, and that some existing customers asked for premium holidays and, in extreme instances, lapsed their policies.

Futuregrowth invests in SA personal finance startup LifeCheq

Futuregrowth, which has previously invested in SA fintech Yoco in 2018, did not disclose how much it had invested in LifeCheq

Global pension assets rose to $32 trillion in 2019

Though Nigeria is not on the OECD list, pension asset value in Nigeria grew by 18.3%.

Stanbic IBTC tasks employees on digitisation, upskilling

The contemporary career trajectory, on the other hand, focuses on experiences and competencies that exist across firms, driven by values that are more flexible and dynamic.

Uganda’s $12b budget offers tax waivers, credit access to SMEs

This is much slower than the average growth rate of 5.4 per cent in the previous four years.

Obi’s dollar investment as Anambra Governor now worth N95bn —Otti

Otti explained that it was through a high level of managerial ability that Obi was able to achieve a great financial feat ‘in a state that was reputed to have been owing civil servants and pensioners’, by clearing off all debts inherited from

COVID-19: Ecobank Supports Private Sector Fund With GH¢1.3 million

The PPEs and kits will complement the national stock of essential logistics required by frontline health workers for the early detection and timely reporting of COVID-19 numbers in Ghana.

Alternative Investments