Managers of Wealth Africa

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.

Investors urge SA to accelerate structural reforms

JSE-led virtual conference sees keen interest in Eskom’s unbundling and SA’s fifth bid window for independent power producers

Global Islamic finance assets to rise by $3.69tr in 2024

Expatiating, the Muslim Finance Coach observed that in the even Nigeria has reaped bountifully from the benefits of Islamic finance.

A key change means interest rate hikes are coming for South Africa, say economists

We view higher inflation as persisting into Q1 2022.

Eskom falling short of cash for maintenance

COO Jan Oberholzer says Eskom needs R11bn a year for maintenance, but only R6bn is available

SA's top performing equity fund scores big on energy stocks bet

Blue Quadrant Capital Management’s Worldwide Flexible Prescient Fund has returned 125% this year, the most of any South African fund of at least R100 million

Nedbank Zim bankrolls Emganwini innovation hub

While the exact details of the partnership have been kept under wraps, Uncommon.org has said that securing Nedbank’s sponsorship is a major milestone ‘in our non-profit’s path to sustainability.’

AfDB projects economic growth in 13 African countries

Commodity exporters such as Tanzania have been slightly resilient during the pandemic due to export price increases in commodities, particularly gold.

‘Create enabling environment to attract private investment’

Mahamar noted that active collaboration between the public and private sectors across Africa was critical to shared prosperity.

SA cannot afford to miss its energy transition opportunity

South Africa has an advantage if it can move fast to lock-in progress on the energy transition, Old Mutual Alternative Investments CEO Paul Boynton has said.

British banks exit Africa as unstable currencies and ‘risks’ raise costs of operations

“At the same time political pressures led to the imposition of regulatory restrictions on interest rate increases, imposition of fees and other actions that would ordinarily be available to defend liquidity and capital, if not profitability,”

Estate planning has suddenly become a matter of urgency for South Africans

Covid is one reason, but South Africans are also becoming aware of the potential hazards of poor estate planning in passing on wealth to the next generation.

East Africa's economic growth to rise to 4.1% in 2021: AfDB

The report by the pan-African bank reviews the economic performance of countries, including Burundi, Ethiopia, Kenya, Rwanda, Sudan, Tanzania and Uganda.

Namibia plans sovereign wealth fund

Bloomberg reported the comments, citing an October 25 interview Shiimi gave to the Namibian Broadcasting Corporation.

Equity set to spend Sh500bn on Kenya, South Africa businesses

The bank is eying the South African firms also to establish its presence in the market without setting up physical branches, and raising competition for other commercial banks such as Absa Bank and Standard Bank.

Buhari: how we are attracting investors

Apart from the economy, Buhari spoke on his administration’s efforts to tackle corruption, climate change, COVID-19, and how to stem global social unrests and violent crises.

Nigeria multinationals: Bring home the profits

Businesses become multinational when they have a branch or branches outside the shores of their country of origin.