Managers of Wealth Africa

Five new partners join PwC Nigeria

PwC is a network of firms in 156 countries with over 295,000 people delivering quality in assurance, advisory and tax services.

Old Mutual to acquire stake in UAP Uganda life business

“The final capital structure and shareholding in UAP Old Mutual Life Uganda Limited will be published once all regulatory and statutory filings are completed.”

Sigma Pensions Restates Commitment to Customers, Surpasses Minimum Capital Requirement

Sigma Pensions in a statement noted that as of 31 December 2021, its capital requirement was pegged at N5.5 billion which surpassed the required N5 billion minimum operating capital requirement stipulated by National Pension Commission (PenCom).

UK investment giant sees big opportunities in South Africa

South Africa’s economy is back at the size it was before the pandemic struck, after expanding 1.9% in the three months through March, a potential boost for the financial sector.

Value of 14 Banks’ Stocks Tumble by N134bn on Investors’ Apathy

Notably, the Banking index is the second-worst performing sector index after the insurance index on the NGX.

Old Mutual championing alternative investment agenda in Malawi

The company also has Infrastructure Fund which has 20 percent shares in Malawi Towers Limited

Demystifying Funding Options For Entrepreneurs

Since all businesses are different, Standard Bank has developed a range of funding options for entrepreneurs to choose from depending on the size, length of operation, need and ambition of qualifying enterprises.

Consumer confidence in South Africa drops to historic lows: index

A breakdown of the CCI per household income shows significantly different results

African insurance industry penetration least globally

Operators unable to build capital reserves

Brakwa Breman Rural Bank records 257 percent profit increase

Mr Koomson indicated that the bank would acquire the needed skills set as those banks with open banking architecture which would enable BARB to provide banking services on strong technology platforms.

Fitch Reaffirms Ecobank Nigeria’s Stable Outlook

The report stated “rising global risks will weaken domestic operating conditions as any downside to operating conditions

Advantages Of Real Estates To The Kenyan Economy

The real estate industry entails all the activities involved in buying, selling, renting, and constructing houses.

Nairobi bourse is third worst performing stock market in Africa

The performance of African stock markets has recently been weighed down by a reduced appetite for emerging markets after a jump in interest rates in the developed markets such as the US

Alleged N23b fraud: MTN subsidiary urges court to compel 18 banks to make refunds

"We were able, through system checks, to confirm the banks and accounts into which the various sums of money were transferred into."

77% of SMEs in Africa, others planning overseas expansion – Report

It added that the pandemic had accelerated digital transformation to tap into cross-border opportunities, with nearly half (49 per cent) in EEMEA saying they now do more business internationally.

Insurance regulator approves Jubilee, Allianz merged operations

The consolidation will help the unified firm to benefit from economies of scale.

Equity top owner buys additional Sh1 billion stake

Arise acquired the initial shares from NorfinInvest AS, a subsidiary of Norfund which was restructuring its portfolio at the time.

Businesses in South Africa are struggling to pay rent – but some areas are better off than others

TPN’s Commercial Rental Monitor reveals that although the first quarter of 2022 indicates a small improvement compared to the last quarter of 2021

Access Holdings, ETI, Others Sees 52% Increase in Interest Expense as Customers’ Deposit Soar

The Central Bank of Nigeria ‘money market indicators’ data showed a 0.03 basis points increase in saving deposit to 1.28 per cent in March 2022 from 1.25 per cent reported in January 2022.

Stanbic IBTC Urges Women to Engage in Wealth Building Investments

"Despite the challenges women face, we continue to play a significant role in driving the economic, social and cultural development of our communities."

Alternative Investments