Managers of Wealth Africa

Billionaire-Backed African Rainbow Buys Mothballed Platinum Mine

The deal comes after the world’s biggest platinum miners declared record dividends this year

Nigeria Emerges as the Largest Economy in Africa

The top two countries for GDP in 2020 for Africa

State Investor ADQ Opens Cairo Office

The platform aims to help advance Egypt’s economic development thrugh joint strategic investment projects

Ventures Platform Secures First Close of US$40mn Fund

Building upon its stellar reputation as one of the most active early-stage investors in African tech

Sanlam Opens Entries for 2021 Financial Journalism Awards

The awards are open for works in print, radio, television, and online media.

AfDB Board approves $170 million for investment in Nigeria's digital & creative start-ups

The investment in Digital and Creative Enterprises Program will also support the leaders through enterprise support organizations – groups that support, train, and sometimes fund entrepreneurs

Large Investments Show the Country Regaining Credibility

“When we now see new investments going to be made, I think we can be optimistic that there really is greater credibility”

African Development Bank Board approves line of credit of €70 million and $24 million equity investment to West African Development Bank

The $24 million equity investment is part of a capital increase transaction, which will allow the African Development Bank to increase its shareholding from 0.55% to 1%, and therefore retain its seat on the Board of Directors of the West African Developme

Ecobank Partners With Insurance companies to Boost SMEs

The five insurance companies including Old Mutual, Allianz, Sunu, Sanlam, and NSIA will work with Ecobank to ensure that customers benefit from the convenience of accessing relevant solutions for all their insurance needs.

Sanlam sees strong upside in Standard Bank, Absa and Nedbank

Asset manager remains overweight on SA banking sector and points to the three lenders’ need to accelerate their digitalisation strategies to catch up with peers

“World Bank is Key Partner in Mozambique’s Industrial Development”

In his turn, Asad Alam, said that Mozambique has encouraging results in the area of trade and industry and that even with the covid-19 pandemic it was possible to create a business environment favourable to the continuation of activities.

BoI Wins SERAS Awards for Impact in Financial Inclusion

“The ‘Best Company in Financial Inclusion’ award highlights the Bank of Industry’s significant efforts in deepening financial inclusion for micro enterprises."

Firm Wins Mortgage Bank of the Year at Africa Housing Awards

Mac-Yoroki listed some products available to the bank as the National Housing Fund (NHF), Commercial Mortgage Loan, Family Home Funds (FHF) and Federal Mortgage Bank of Nigeria (FMBN) cooperative loan.

Home-based VCs and PEs led investment in Africa's startup ecosystem in 2021

Between January and October 2021, investments in more than 8, 300 African startups have exceeded the $1 billion mark for the first time, as top global investment companies secure their share in the market.

African Startup Inflows Seen Hitting Record $5 Billion This Year

A few more deals before the end of the year will increase inflows from about $4.8 billion currently, said Dario Giuliani, a director at Briter Bridges Intelligence, a London-based company that tracks investments into African startups.

Latest Sanlam deal will increase Alexander Forbes' clients by 40%. Here's why it's happening

It will also still get the inflows of the money that Glacier will invest to Alexander Forbes' funds.

Nigeria is Africa’s most viable investment destination, Buhari says in Dubai

‘‘Nigeria’s pavilion at the Expo 2020 clearly shows why we remain the most viable and attractive investment destination in Africa." .

AfDB and IFC Partner to Advance Economic Development in Lusophone Africa

The signing follows the Lusophone Compact Steering Committee’s approval of IFC’s submission of a proposal to partner in the initiative, based on the Compact’s Membership and Partnership Eligibility Criteria Framework, adopted in December

Namibia Calls on Private Investors to Push Toward Renewables

The Minister was speaking at a Namibia Renewable Energy Business Summit hosted by the Namibia Pavilion and held at Business Connect Centre, at the Expo 2020 Dubai, last Saturday.

Sanlam Launches Online Salvage Bidding Platform

Additionally, as we advance to the new digital era, introducing an online salvage bidding process comes at an appropriate time as we aim to address the customers’ needs efficiently and effectively,” he remarked.

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