Managers of Wealth Africa

Africa Finance Corp. secures new funders from South Korea, Dubai

While the funds mostly replaced maturing debt, the fund raising attracted new lenders from South Africa, the Middle East and South Korea.

AfDB approves €10.5m investment in tech startup fund

Its focus areas span agribusiness, financial services, energy, education, and healthcare, primarily in Francophone West Africa.

Ghana: Is the preferred investment destination becoming Africa’s fading star?

Ghana hardly struggles to sell itself to the rest of the world.

The continued rise of investor interest across Africa

The year also saw a renewed interest in investment by private equity funds.

Africa Finance Corp. Secures New Funders from South Korea, Dubai

While the funds mostly replaced maturing debt, the fund raising attracted new lenders from South Africa, the Middle East and South Korea.

Stanbic IBTC Insurance insures Super Eagles for N1.73b

Stanbic IBTC becomes the insurance sponsor of the Super Eagles

Total Turnover of FGN Bonds, Eurobonds, Others on FMDQ Drops by 26.24% to N20.13trn

Other bonds total turnover on the FMDQ Exchange dropped by 38 per cent to N143.28billion in 2021 from N232.37billion in 2020.

Pan-African payment system to deepen continental trade

Afreximbank as the main settlement agent for PAPSS, provides settlement guarantees on the payment system and overdraft facilities to all settlement agents in partnership with Africa’s participating central banks.

Alain Francis Nkontchou Invests Almost N1 Billion in Ecobank

The disclosure is in line with SEC’s new insider dealing declaration ACT to force transparency policy across the Nigerian capital market.

Real Estate AUM Expected to Grow by 41% in 5 Years

AUM set to rise to $1.83tn by 2026

Equities gain N981b in six days

The continuing rally has built up the net capital gains for investors since 2020 to more than N8.7 trillion.

Angaza Awards: Top 10 Women to Watch in Banking and Finance in Africa in 2022

The Angaza Awards: Women to Watch in Banking & Finance program has announced the list of Top 10 women who are steering and shaping Africa’s financial services sector.

Nedbank’s forecasts for the rand in 2022

Weaker commodity prices and a reversal in the trade balance will add further downward pressure, the bank said.

2021: Bank executives that left and entered

Last year also saw the return of Mr. Daniel Asiedu as Managing Director (MD) of Omni-BSIC Bank.

Stanbic IBTC Insurance Covers Super Eagles as Nigeria Commences AFCON

The partnership also entails empowering female journalists by sponsoring them to cover matches played by the Super Eagles.

Absa to Accelerate Creation of Trade Finance Solutions for SMEs

The bank advocates for an increased value proposition around trade financing and likened it to the oil that greases supply chains and ensures that buyers are sellers fulfil their obligations.

African Alliance pays N475m claims

Incorporated in 1960, African Alliance is widely regarded as one of the strongest and most experienced life insurance specialists in these climes.

Sigma Pensions projects improvement in external balance in 2022

On the macroeconomic performance, the report stated: “We expect Nigeria’s economic growth to stabilize around 3.4 per cent in 2022, reflecting improvements across Telecoms, trade, manufacturing, and oil.”

Citigroup Backs Ghanaian Health Startup’s Africa Expansion Plan

The startup is also expanding its so-called Mutti community pharmacies to include consultation and diagnostic services.

Fitch expresses neutral outlook for African banks in 2022

Banks are likely to make mistakes in the pursuit of growth under prevailing operating conditions, which are fraught with challenges and uncertainty.

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