Managers of Wealth Africa

Funding African Investments

One of the key selling points of the BVI as a jurisdiction is that it is utilised by, and familiar to, investors from all corners of the world, commented Kuria.

African Development Bank projects 3.3% growth rate for Ghana in 2023

In all, 25 out of the 52 African economies will record weak GDP in 2023.

More plans and promises – government needs to act: CEO

Writing in her weekly newsletter, Mavuso said that there appears to be a renewed sense of urgency to deal with the load shedding crisis that has plagued the country for over 15 years.

Expats are moving back to South Africa – and buying multi-million rand homes

The realty group noted that most of its sales before 2020/21 pandemic were to so-called ‘swallows’

Nigeria’s biggest lender eyes operations in UAE, China, India by 2027

Bank seeks to implement its broader plan to be Africa’s gateway to the world

JSE bleeding customers – and things might get worse

South Africa’s primary stock exchange operator JSE Ltd. has seen a steady decline in the number of listed companies

State faces rates pressure as private sector loans rise

This comes at a time when banks are implementing risk-based lending models to price their loans, replacing the rate caps that were removed in November 2019 and raising interest rates to above 20 percent on the riskiest borrowers.

Another headache for South Africa

South Africa posted a current-account shortfall for a second straight quarter in the three months to September, suggesting the annual outcome may swing to a deficit after two years of positive balances.

Risk management: Guidelines on investing in 2023

All investors need to find their own comfort level with risk and construct an investment strategy around that level.

Dear retiree, remember it is your money

One of the flexibilities you have with a living annuity is that you are not tied to a provider.

Allianz Tops List of World’s 25 Largest Insurers

AM Best released the rankings of the world’s largest global insurance companies, by NPW and nonbanking assets, in the Jan. 6, 2023, issue of Best’s News.

Hammer blows for consumers in South Africa keep coming

The Bureau for Economic Research (BER) also published its Inflation Expectations Survey for the fourth quarter of 2022, feeding into this narrative.

Insurance customers cash out Sh10 billion

Customers were pulling out of products such as life assurance, pension and investment products which are usually long-term in nature.

Kenya, Nigeria tread a fine line after Ghana debt default, analysts say

Are other African sovereigns likely to follow? None are flashing red right now, analysts say.

How Kenya is preparing for global economic shocks

Most of the low-income countries have already been affected by these factors and others including surges in food and commodity prices, devastating effects of climate change, debts and limited access to foreign finance.

Treasury seeks $1bn World Bank loan to take advantage of lower rates

A loan at cheaper rates would reward SA for progress and commitments already made

FNB is named the Best SME Bank in South Africa for the 2nd consecutive year

Law on Call Business provides excellent value for money to early-stage businesses.

African Development Bank calls for proposals for projects on digital financial solutions 

The initiative will be delivered via Africa Digital Financial Inclusion Facility (AFDI)

Kenya's Centum calls off sale of Sidian Bank majority stake to Nigeria's Access Bank

In June, Centum announced plans to sell the stake to Access Bank, a subsidiary of Access Holdings, subject to regulatory approval in Kenya and Nigeria

Bondholders take up Sh39 billion in switch auction

Holders of the 364-day T-bill accepted to switch maturities of Sh4.99 billion, 91-day paper holders switched maturities worth Sh2.57 billion while holders of the 182-day paper did Sh700 million.

Alternative Investments