Managers of Wealth Africa

Investors are giving South Africa a skip

Gilchrist added that when risk is involved, investors’ assumptions about a country are often overly positive or negative.

Sterling Bank Declares 29% Increase in Profit, Proposes N0.15 Dividend

“Overall, the bank delivered a profit after tax of N19.3 billion for the year ended December 31, 2022, a 28.5per cent improvement on the corresponding period in 2021.”

Gold heads for biggest weekly jump in two months

That is partly due to US Fed chair Jerome Powell’s pushing back on market expectations of rate cuts in 2023

China gives Kenya the tiniest loan since 2008 in fresh shift

Nairobi has been a major beneficiary of China’s loans for the development of mega infrastructure such as roads and a modern railway over the last decade, making Beijing the largest bilateral creditor since 2015.

New list of Kenya’s little-known firms earning billions revealed

The Kenyan fastest-expanding firms on the FT list leverage technology in offering products, an indication that Covid-19 appeared to have accelerated the move online.

South Africa’s massive pension problem

“The latest data from China, Korea or Italy, for example, point to speedup of demographic change,”

Over 400 businesses have been liquidated in South Africa this year so far

So far this year, March had the highest number of liquidations, with February in second at 162 and January following with 81.

This is the average take-home pay in South Africa right now

Consumer inflation reached a 13-year high of 6.9% in 2022 (2009: 7.1%), resulting in a notable erosion of the purchasing power of households.

Absa Life profit rises 70pc to Sh417m on premiums surge

Absa Life Assurance's gross written premium has grown from a base of just Sh1.8 billion in December 2018.

African Banker Awards 2023 nominees announced

The 2023 edition of the Awards ceremony is set to spotlight SMEs, women and gender. A new category has been introduced to recognize efforts towards bolstering financial inclusion of women across the continent.

Kenya’s startups secured $676mln funding in 2022

The country accounted for 102 deals out of the 786 in Africa

Nigeria is Africa’s top oil producer in March 2023 despite lower output

The West African country produced 1.2mln barrels per day of crude in March

Zimbabwe economy could grow 6% this year, finance minister says

The growth should be higher than that and close to 6%

Investing in Africa is profitable, African Development Bank President tells Japanese investors

Dr. Adesina is leading a Bank delegation on a five-day visit to Japan during which he will meet senior government officials, large Japanese companies, development partners and members of the African diplomatic corps in the country.

Nigeria’s indebtedness to World Bank now N6tn

The International Development Association and the International Bank for Reconstruction and Development, which make up the World Bank, have over the years advanced loans to Nigeria.

Bank fees revenue surges on mobile, forex charges

Foreign exchange income rose by at least 30 percent across the banks

Afreximbank provides EUR10 million to Banque Postale du Congo for small and medium-sized enterprise (SME) financing

The facility builds on a strong partnership that has existed between Afreximbank and BPC

StanChart loans to sister banks rise to Sh83bn

It had issued Sh71.9 billion of loans to the entities a year earlier when it owed them Sh9.6 billion, resulting in net lending of Sh63.3 billion to the affiliates.

How to Find Trusted Fund Managers in Nigeria

Fund managers are entrusted with researching, monitoring and selecting the right investment opportunities that maximize profits for investors.

IFC to invest Sh10.4bn in pan-African fund manager

Amethis III is the third fund of the French Amethis franchise in the Middle East and North African regions.

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