Managers of Wealth Africa

Challenges affecting the development of Africa’s supply chains

Trade restrictions are highly pervasive in Africa, and moving goods across supply lines between two nearby African countries can cost an arm and a leg.

African Development Bank, UK & London Market insurers enter risk transfer partnership

The Bank believes this is a cutting-edge transaction that will tremendously assist it in playing its countercyclical role as the continent emerges from the impacts of the COVID-19 pandemic

Two banks lead in 53.4% financial sector’s contribution to market turnover

The oil and gas industry ranked third with a turnover of 28.2 million units worth N983.6 million in 846 deals.

Diversified businesses promoting growth – UBA

The Group CEO added that the international banking conference was aimed at proffering solutions, noting that African banks were afforded the opportunity to come together, share experiences and acquire tactical strategies to address the continents’ b

Nedbank Zimbabwe heads for VFEX

Nedbank is a unit of the Johannesburg Securities Exchange-listed Nedbank Group, whose footprint spans across southern Africa.

African Development Bank, United Kingdom and London Market Insurers Enter New Risk Transfer Partnership for Climate Action

The participation of both the private insurance market and the UK’s FCDO brings to the table an innovative PPP-type collaboration between DFIs and the insurance market, which helps in realizing the vision of the Addis Ababa Action Agenda.

DBG salutes ECOWAS Bank President for international award

A statement by the bank said the award to Dr Donkor was an acknowledgement of his numerous contributions to the socio-economic development of the sub-region.

CBN, AMCON announce sale of Polaris Bank

The House of Representatives on Wednesday okayed the sale of Polaris Bank, noting that the acquisition followed laid down procedure and the relevant presidential approval.

Uganda, Rwanda to beat Kenya in dollar millionaires growth

The report said Kenya remains strong in wealth creation partly due to well-developed and neutral news media outlets that form investment decisions.

Fidelity Bank Redeems $400m Eurobond Notes

The transaction which was managed by Citigroup Incorporated, Renaissance Capital and Standard Bank Group Limited achieved an oversubscribed order book of $630million.

Revision of Kenya’s power purchase tariff with Ethiopia possible after 5 years

Kenya Power is buying electricity at a fixed rate of 6.5 US cents per kilowatt

Act to save Kenyans from high bank interest rates

The increase in the benchmark lending rate or the Central Bank Rate (CBR), was aimed at curbing a further increase in prices of goods and services or what is technically known as the inflation rate.

South Africa, Nigeria among top developed financial markets in Africa: report

19 African countries have lifted their performance in 2022 despite difficult environment

KBL Insurance Partners Society for the Blind on Health Walk, Eye Screening

The event was supported by a key player in the Nigerian insurance sector, KBL Insurance Limited (a subsidiary of Keystone Bank Limited), as part of its Corporate Social Responsibility (CSR), focused on giving back to its host communities.

United Capital Reports N7.73bn Profit in Nine Months

The company noted that its gross earnings increase was driven majorly by growth in Fee and Commission income that grew by 31 per cent YoY and five per cent YoY increase in its investment income.

Fiscal buffers have made South Africa more resilient, Kganyago says

Public finances rapidly deteriorated during former President Jacob Zuma’s almost nine-year rule, when graft became endemic and public procurement budgets were looted.

Insuretech: Partnerships key to deepen insurance penetration – Stakeholders

At the conference, the Managing Director/CEO PaddyCover, Mayowa Owolabi, highlighted the importance of regulatory enablement in achieving technological adoptions and collaborations in the insurance industry.

Yuguda: Explore Opportunities in Capital Market to Grow Businesses, Create Wealth

The capital market is available to provide funding to businesses. With crowdfunding, a small business can raise money based on certain principles as the SEC has approved this to happen for a certain number of investors and a certain amount at a time.

Building the future corporates of Ghana

If the above average growth rates forecast by the African Development Bank materialises, there is likely to be meaningful growth in the small and medium sized enterprise market and this gives us an opportunity to imagine the make-up of the economy in the

Reserve Bank governor on why South Africa is good for foreign investment

The SARB added that the new memorandum aims to also increase economic partnerships and trade opportunities between the two countries

Alternative Investments