Managers of Wealth Africa

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.

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.

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