Managers of Wealth Africa

CEOs commit R363 billion to boost economy

The second instalment of the conference yesterday saw investors pledging investments totalling billions to help reignite the ailing economy, which is growing at 0.5 percent.

Better wealth distribution pledged as prosperous Mauritius votes for leader

Polling stations opened at 7 a.m. and close 6 p.m. with results due out on Friday.

Moroccan Pension Fund to Buy 5 University Hospital Centers

The move is among the innovative mechanisms that the ministry introduced in the 2020 Finance bill.

Africa: SMEs Are Key to Reviving French Business Ties to Africa

"We need to raise private sector capital, because the public sector alone cannot deliver Africa's transformation," he told business leaders and investors gathered at the French finance ministry.

Modus Capital Launches new fund

The MODUS MENA VENTURE FUND I will focus on MENA-based early stage/post-accelerator technology companies as well as Small-to-Medium Enterprises (SMEs) where technology can enable them to grow rapidly.

Ramaphosa launches new hub for vehicle industry in Tshwane

Government has started constructing the new hub, which will have Ford as an anchor investor.

Debt relief a double-edged sword for South Africans living on loans

The situation of people like Rivele shows both the potential benefits - and unintended consequences - of a new law signed by President Cyril Ramaphosa in August, aimed at protecting vulnerable borrowers.

Kenya to seek more funding from AfDB

In 2018, the Bank’s total portfolio stood at 347.15 billion shillings supporting 26 operations in public sector and 11 in the private sector.

Rwanda’s plan to become financial hub gains momentum

The blueprint seeks to facilitate the country to attract a concentration of participants in banking, asset management, insurance or financial markets with venues and supporting services for these activities to take place.

Banking Sector Records GH¢2.24bn Profit-After-Tax

It said the higher growth in net interest income reflected both higher interest income from investments and credit.

Kenya Securities Exchange Launches New System to Boost Trading Activity

Allowing for new equities trading such as Short Selling and Day Trading, the new platform will significantly change the structure of the current trading process.

Insurance companies gain from rally in bank stocks

Kenya Re, Britam Holdings and Old Mutual Life Assurance are among the insurers gaining from their holdings of bank stocks.

African Development Bank approves record capital boost of 125% to $208 billion

“This will give us greater stability for the future.”

South Africa trade surplus widens in September as imports drop

It’s been a key risk to the economy for years, given the country also runs a fiscal deficit, which is forecast to widen to a 11-year high of 6.5% of GDP in 2020-2021 as the government props up the cash-strapped Eskom.

Sanlam in talks with Piramal to buy 8% more in Shriram Cap

At Rs 17,000 cr, Piramal’s 8 per cent stake in Shriram Capital is being valued at Rs 1,360 cr.

Dutch investor Oikocredit injects Sh100m into micro-lender U&I

The micro lender granted a licence in 2013 mainly finances micro and medium businesses.

Sanlam and Nasasa launch financial services for stokvels

Nasasa Financial Services aims to empower stokvels through greater socioeconomic inclusion and security

Real estate isn’t sexy, but in South Africa it’s serious

They play a prominent role in the South African economy and have the power and responsibility to further democratise this space in the country’s economic landscape.

SA seeks to drive advancement of infrastructure at Africa Investment Forum

The African Development Bank Group will convene the Africa Investment Forum from 11 - 13 November 2019 in Johannesburg.

CDB signs US$629 million loan to build Nigeria port

New set of road, rail and port projects are coming through across Africa in Nigeria, Angola and Kenya

Alternative Investments