Managers of Wealth Africa

Nigerian Banks Face Global Risk Transmission Despite Oil Boost

Soaring inflation led the Central Bank of Nigeria (CBN) to raise its benchmark rate by 150bp on 24 May

FBNH reports 99.86% growth in PAT for FY 2021

Other operating income spurs earnings

S.Africa's central bank flags inflation as major risk to domestic financial system

"South Africa remains vulnerable to spillover effects of global events, particularly the Russia-Ukraine war and global stagflation concerns,"

Pre-budget consultations: Representatives from Mauritius Bankers Association, Mauritius Finance, and Insurers’ Associations meet with Finance Minister

In a statement after the meeting, the Chairperson of Mauritius Finance, Mr Shahed Hoolash, underlined that they had submitted budgetary proposals to the Finance Minister in advance.

3 tech trends to gain traction in banking and investment in 2022

These trends will continue to grow over the next two to three years, contributing to growth and transformation of financial services organisations.

AfricInvest closes its largest African midcap-focused fund raising over $400mln

Already closed three deals in Ghana, Kenya and Morocco

Meridian Commodities Ltd Complete First Debt Raises on the Stock Exchange of Mauritius

Meridian’s Treasury team is led by Steve Bezuidenhout and Andre Bruyns who have played a key role in accessing this source of funding.

African entrepreneurs call for more investment in local energy startups

Last year, African startups attracted a record $5.2 billion in venture capital — more than the preceding seven years combined.

S&P lifts South Africa’s outlook to ‘positive’

The government said it welcomes the decision to revise the country’s credit rating outlook to positive from stable

Private sector records growth as PMI hits 56%

It stated that “Marked and accelerated expansions in output and new orders helped drive a pick-up in growth in the Nigerian private sector during April.”

Access Holdings Plc to acquire majority stake in First Guarantee Pension Limited

The notice said the National Pension Commission and the Central Bank of Nigeria had given their “no objection” to the transaction, the completion of which is subject to the receipt of all required regulatory approval.

Office and retail sparkle in South Africa, Investec says

Investec Property Fund may dispose of its 65% stake in a pan-European logistics portfolio as rising property values and falling rental yields create an exit opportunity.

South Africa a step closer to new ‘full service’ state-owned bank

The Postbank is currently a subsidiary of the Post Office and only offers transactional and savings accounts.

Citi eyes Africa supply chain finance boost with support from British International Investment

BII and Citi have agreed to set impact criteria to ensure that flexible capital is being directed toward underserved groups

Access Bank set sell its pension custody business to First Pension

The Group released a statement signed by the company secretary, Sunday Ekwochi and filed with the Nigerian Exchange Limited.

Bronwyn Knight: Mauritius offers attractive growth prospects in specialist real estate sub-sectors

With Africa rapidly urbanising, we are cognisant of our role in transforming the design of buildings and developments for long-term sustainability.

Old Mutual unit becomes MetroFibre Networx’s biggest shareholder

The deal was completed after the approval of the regulator, the Independent Communications Authority of South Africa (Icasa).

AIO President Seeks Improved Insurance Penetration in Africa

According to him, this shows the weakness of our industry, and the vast potentials to be exploited.

Allianz still reviewing details of Jubilee partnership deal

For now the focus is on business as usual.

CIEL Limited delivered a solid performance across its diversified portfolio in the nine months ended 31 March 2022

The Group upheld its tight cost control and business optimisation measures

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