Managers of Wealth Africa

IFC to invest $100mln in Kenyan bank to help SMEs affected by pandemic

The loan will mature in 24 months, but can be renewed up to 36 months

Banks urged to leverage economic crisis

Recognise that the crisis can present the biggest opportunity in a lifetime, do not double down on the traditional business, be proactive.

How effective succession planning can maximise business success

The prevailing philosophy tends to be ‘live in the present’, but a better one might be ‘look to the future’.

Treasury seeks KQ sale to foreign strategic investor

KLM has reduced its stake from 26.7 percent after the conversion of State debt and bank loans to equity diluted the firm’s ownership to 7.76 percent.

FUGAZ investors gained N25 billion combined during the week

The NGX banking index appreciated by 0.17% from 370.98 last week to close at 371.61 points.

FBNQuest Highlights Importance of Equity, Quasi-equity Financing Options

The interaction included a presentation by Head of the Equity Research team of FBNQuest, Tunde Abidoye, on the prospects for Nigeria’s macro economy, highlighting the outlook for public debt, the exchange rate and inflation.

United States, Nigeria to deepen business partnership

The partnership will further create jobs, promote economic diversification objectives, and enable vital direct connections between U.S. investors and their Nigerian counterparts.

BOI Wins Four International Banking, Sustainability Awards

Our dedication to building a resilient organization that can respond to the needs of our customers and operating challenges is unwavering.

Safaricom half-year profit drops to Sh33.5bn on Ethiopia entry costs

The company also pointed to a tough macroeconomic environment for the slowdown in earnings, where high inflation arising out of global shocks has slowed down consumer spending.

Wigwe acquires more Access Bank shares, expands control

On Tuesday, Wigwe also bought 37.5 million shares worth N303,750,000, bringing the total amount he invested into Access Bank this year to N975.52 million.

Kenya, South Africa resolve trade barriers

The removal of the trade barriers agreement is part of four instruments signed between President Ruto and President Ramaphosa to foster cooperation.

Nigeria eyes $1.9trln to meet net zero target by 2060

Government plans to spend $135 billion on infrastructure and $150 billion on power projects

Investors bag highest returns in October bond sale

The average rate of the accepted bids was 13.94 percent, against an average of 14.03 percent demanded by investors.

In post-Truss economy, what’s next for MENA investments in UK real estate?

Investors in the region can benefit from a “double whammy” of lower real estate prices and a weak pound

Kenya secures Sh3.6 trillion in investments at Egypt summit

Kenya is providing the leadership for Africa to be front and centre of the solutions to the challenge of climate change and not just a victim.

IMF Outlines Priority Areas to Boost Africa’s Economic Growth

Eyraud explained that growth in the region was expected to decline from 4.7 per cent in 2021 to 3.6 per cent in 2022

AXA Mansard receives double awards

“We are a customer-focused company, so we know that to deliver the best services and products to our customers, the diversity of the male and female gender is essential. So, we had to give the women as many opportunities as any other gender”.

Africa Investment Forum 2022 Draws $31 Billion in Investor Interest

Combined with $32.8 billion from the rescheduled 2021 Africa Investment Forum Market days—which took place as virtual boardrooms in March this year—the forum has mobilized a total of $63.8 billion of investment interest this year.

ENSafrica recognised for African PE contributions over the last decade

PEA celebrates the leading firms in the private equity space at their annual PEA Awards.

Pension assets fall Sh33bn on bonds, equities hit

Property investments in the period also dropped by Sh10.8 billion to Sh243.7 billion.

Alternative Investments