Managers of Wealth Africa

South African Financial Cycle Positive for First Time Since 2016

The turnaround adds to data showing South Africa’s economy is set to rebound from its deepest contraction last year in almost three decades.

S.Africa's Old Mutual lays out growth plans, but pandemic bites

The insurer will also invest in building up its existing banking offering and broadening its target market, Williamson added.

IATF 2021 - Investors see clear opportunity to take advantage of AfCFTA at Africa’s largest in-person gathering

The Investment Forum also served as a platform to launch of the IATF 2021 Project Book

How Seven Banks’ Q3 Profit Surpassed GDP Growth Rate

The banks that announced their unaudited results for the nine months period ended 30 September 2021 grew PBT to N495.772 billion from N431.347 billion recorded in the corresponding period of 2020.

EIB provides EUR 5 billion investment as 80% of African banks consider climate risk

EIB made this known in its The Finance in Africa 2021 report, which was unveiled at the weekend, during a webinar.

Fresh scrambles for FBN Holdings’ shares

FBNH lead with 30% trades

Burundi: African Development Bank grants $ 29 million to finance a national energy access project

The agreement was sealed during an official meeting between the Managing Director of the African Development Bank Group for East Africa, Ms. Nnenna Nwabufo, and the Burundian Minister of Finance, Budget and from Economic Planning, Mr. Domitien Ndihokubway

Government pension fund freezes R70 billion mandate with PIC

The GEPF has more than R1.61 trillion in funds, with most of those managed by the PIC. The biggest asset class invested in is listed equities.

The GEPF can now invest 15% of its assets offshore, but there's no rush

"The revised allocation for offshore investments has moved from a maximum of 10% of the total [assets under management] to up to 15%," said Mabena.

IFC Partners with Absa Bank to Boost Trade Finance in Sub-Saharan Africa

Under the GTLP risk-sharing model, IFC will guarantee a pool of eligible trade transactions issued by Absa Bank by up to 50 percent, with the remaining amount being guaranteed by Absa Bank.

It is a Matter of Time Before I take Over the GTBank’

Chukwuma added that the bank is wasting time change its name because he would return the bank to its original name when he would took over its management.

Senegal’s Fonsis is ready to build on its development fund origins

Fonsis is an interesting sovereign wealth fund, operating a fund-of-funds model to help the country’s SME development while generating an industry around the management of private capital.

IFC Partners with Absa Bank to Boost Trade Finance in Sub-Saharan Africa

The financing will support Absa's commitment to increase the accessibility of trade finance, with around 80 percent of financing expected to go to low income and fragile countries.

Tanzanian economy grew at 4.7% in H1 2021 - central bank

In mainland Tanzania, growth in the second quarter of 2021 was 4.3%, compared to 4.0% in the second quarter of 2020.

Qatar and Rwanda Establish US$250M Pan-African Social-Economic Transformation Fund

The Fund’s Head Office will be based in Kigali and domiciled in the Kigali International Financial Centre (KIFC), which offers a safe

Zimbabwe on course to set one of Africa’s biggest banks

An investigation into the project already taking shape shows that the new institution – which will have a footprint on local and regional markets – will involve serious financial engineering and megabucks.

Mozambique’s PMI Business Activity Index Rises to Four Month High – Standard Bank

“The October PMI™ survey data indicated a strengthening of business conditions across the Mozambican economy,” the bank’s analysis reads.

Fidelity, Visa and Kingsway back South African fintech JUMO in $120M round

The fintech, which refers to itself as a banking-as-a-service platform, says it uses AI to power financial services

British Banks are Leaving Africa. What Does That Mean for the Banking Sector?

Africa is a large and underexploited market.

‘Why operators should manage 75% of retirees’ pension balance’

This is misleading and a great disservice to the retirees. The investment environment is dynamic, highly unpredictable, except the skills acquired over time in funds management.

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