Managers of Wealth Africa

International Monetary Fund (IMF) Staff to Visit Ghana

We have had productive discussions with the Ghanaian authorities over the last few months and look forward to our engagement in Accra.

CBN defends naira with $11.24bn in seven months

In earlier report, the CBN said it had intervened in the markets with $1.65bn, $1.39bn and $1.82bn in January, February and March

Equities Investors Lose N61bn In Bearish Trading

Jaiz Bank went up by 3.66 per cent to close at 85 kobo, while FCMB Group appreciated by 3.08 per cent to close at N3.35, per share.

Senegal: African Development Bank to Invest over €166 Million in Construction of Highway to Open Up the Country’s North

It will contribute to the implementation of the government's strategy to process agricultural products, thereby substantially reducing their transport costs”.

Igbiti: Insurance Industry Most Resilient, Fast Expanding Sector in Nigeria

We are partners and we urge you all to use your reputable platforms to consistently announce the gospel of insurance

Banks’ Consumer Loans Up 31% to N2.55trn on Rising Inflation

The CBN had in a report disclosed that banks’ consumer loans grew by 0.17 per cent to N2.08trillion in January 2022, from N2.07trillion in December 2021, accounting for 8.7 per cent of total credit to the private sector.

AXA Mansard Insurance Records 19% Growth in GWP

She said the firm’s investment incomes provided strong support for the group performance as well, growing 29 per cent YoY.

Investors unmoved by impressive bank profits

KCB’s stock price has risen by a marginal 0.26 per cent to Sh37.75 from November 15 when the lender announced a 20.9 per cent net earnings jump to Sh30.4 billion.

FBN Holdings Wins at the Great Place to Work Awards

FBN Insurance Brokers received Gold Certification while FBNQuest Asset Management Limited and FBNQuest Trustees Limited received Silver certifications to cap a glorious evening for the Group at the event.

Invesco defaults on Sh53m claims amid liquidity crisis

The judge added that Invesco had not demonstrated that it had any grounds of appeal in which the chances of the appeal succeeding, could be anchored.

Naspers Delivers Strong Ecommerce Revenue Growth and Operating Performance

This investment is focused on building and extending our offering within core products to meet local market needs

KBL targets 15 per cent solar adoption in four years

As part of this commitment, the KBL will install solar panels at East African Maltings Limited (EAML) and Tusker sites as an alternative to electricity.

Things are looking great for diesel prices in December – and a bit of good news for petrol

“Global oil prices could rise from the current low levels as the OPEC+ cartel is likely to cut production to boost the oil price, which has recently been pressured by slowing global demand,” the bank said.

South Sudan readies for $112.7m IMF emergency funding

The IMF staff team led by Niko Hobdari visited South Sudan from November 7 to November 17, 2022.

Unitrust Insurance settles N1.39b claims in Q3 2022

We entered into strategic partnerships with various organisations to broaden our visibility and accessibility

Boosting Equitable Development as Kenya Strives to Become Upper Middle-Income Country

Informed by extensive stakeholder consultations, the CPF seeks to drive faster and more equitable labor productivity and income growth, greater equity in development outcomes across the country, and help sustain Kenya’s natural capital for greater c

IQ-EQ wins three Africa-focused awards for fund administration excellence

The Private Equity Africa (PEA) Awards celebrate the very best of the African private equity industry, honouring both investors and service providers.

LAPO Wins Microfinance Bank of the Year Award

A signed statement by the company’s Head, Communications and Branding, Oluremi Akande revealed that the bank has won the award category for the 9th consecutive times.

Treasury exceeds spending by Sh 65.5 billion in first quarter

The operation and maintenance costs in the three months exceeded the budget by Sh 92.95 billion, the Treasury says, after the expenses hit Sh 260.67 billion.

Lean times as number of Kenyan firms facing liquidation doubles

Latest data from Kenya’s State Receiver Office shows that 46 companies are currently facing a liquidator’s hammer, up from 18 in 2015.

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