Managers of Wealth Africa

Four Funds With $7 Billion in Adani Have History of Wrong Bets

Because the funds are registered in the tax haven of Mauritius, their ownership structure is opaque.

Kenya deal with UK aims to turn Nairobi into Africa’s financial hub

Co-operation agreement intends to help drive international investment into the east African city

Treasury targets Sh60 billion in August bonds sale

Last month’s bond, which also had an advertised target of Sh60 billion, raised bids worth Sh116.9 billion out of which the government took up Sh79.9 billion.

Old Mutual boosts savings culture with insurance product

The underwriter said in a statement on Monday that it had become more important to focus on a goal and work towards it while at the same time ensuring protection from unpredictable circumstances.

South Africa-based insurtech startup, Pineapple raises $3.4M Series A

Previously, in 2017, Pineapple raised $400,000 in seed funding with participation from Lireas Holdings.

One of Nigeria’s high-profile angel investors is launching a fund for African startups

Olumide Soyombo of PiggyVest and Paystack fame is starting Voltron Capital seven years after investing on his own.

Nigeria's Pension Fund Hits N12.6trn - PenCom

The Director General, PenCom, Aisha Dahir-Umar, said this at the 2021 Journalists Workshop held on Monday in Lagos, with the theme: Positioning the Pension Industry in the Post COVID-19 Era.

Opus Fund Services opens Mauritius Office

Mauritius has built a solid reputation as a secure and reliable financial center.

South African assets lifted by improved global mood

The rand reacted little to data showing consumer inflation slowed

Africa-based firms still keen to expand despite AfCFTA enactment challenges

The trading pact is still under implementation due to the substantial undertaking involved in integrating a massive economically fragmented continent.

Lesotho: African Development Fund extends $4.25 million loan to modernize tax collection, boost revenue

Specifically, financing will be used to procure and install e-taxation, e-payment, and e-invoicing software and hardware and to integrate financial institutions and mobile money providers into e-payment systems.

South Africa’s best and worst life insurance providers, according to customers

Policyholders now expect the same instant responsiveness to their needs from their insurers

South Africa: Government, Business Commit to Rebuilding SA Economy

In a statement, the Presidency said the meeting reflected on the challenges faced by key industries and discussed priorities and measures that need to be taken to rebuild and reposition the country.

As economy bleeds, banks’ profitability soars

Telecommunications and information services, which have benefited positively from the lockdown and restricted movement that started last year

Standard Bank wants to pull the trigger and buy Liberty

But will they be able to deliver on the growth implied in their share price? And what about the potential interim dividend to shareholders announced in June?

Fidelity Bank, media firm support women empowerment

Ikeji expressed her confidence in the management’s capacity to impact positively on the growth and development of women-owned businesses in Nigeria.

Access Bank launches AccessX to enhance self-service banking

“AccessX is an additional touchpoint to back up our customers."

Nedbank's Go Green Fund Still Protecting Natural Resources

"This type of institutional collaboration is vitally important to assist in good biodiversity conservation outcomes, and sets a good example for others to follow."

CDC Group announces US$50m trade finance facility with Ecobank as part of its Covid-19 response

This marks CDC’s first partnership with EBISA with the commitment aimed at providing systemic liquidity to underserved markets and crucial trade finance support to local banks and businesses across Africa.

Standard Bank in buyout offer for Liberty Holdings

Should Liberty’s minority shareholders approve the transaction, it is expected to be finalised by the first quarter of 2022.

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