Managers of Wealth Africa

Foreign investors pull Sh2 billion from NSE

This means that foreign investors were pulling out an average of Sh15.25 million daily from the NSE in the first quarter of the year but have raised this nearly five times to Sh72.16 million.

Unit trust schemes funds cross Sh100 billion mark

In the quarter ended December 2020, 43.99 per cent of the total assets under management(AUM) was invested in government securities.

Demutualised for Economic Development

Considering the new vision, mission and core values of the exchange, expectations are very high that stakeholders would get a better deal from the market in the near term and beyond.

Genesis overtakes Sanlam in pension funds assets under management

On the other hand, Sanlam, which was at the top in 2019 with assets under management worth Sh232.7 billion, recorded a decline of 2.4 percent to Sh227 billion last year.

How the UK is supporting East African leadership in tackling climate change

This will provide an opportunity for the world to come together and commit to urgent action.

Why investors can’t get enough of Africa’s debt

Now, Kenya is planning to use the debt instrument to raise $1 billion by June, and Ghana and Nigeria are also preparing their own issues.

Absa Group Closes Large Money Market Mutual Fund

Fund investments are made via the fund management business and cannot be counted on the bank’s balance sheet in the same way as bank deposits.

Nigeria joins Middle East’s Digital Cooperation Organization at first meeting

The first meeting was chaired by Abdullah Al-Swaha, Saudi Arabia’s minister of communications and information technology.

African Bank’s New CEO Looks to Expansion After Industry Hiatus

African Bank will continue to digitize its channels and seek partners to help grow the range of products offered to clients, Bungane said.

Insurance profits surge despite Covid-19 fallout

In 2019, Jubilee, Sanlam and Alliance Life registered a total of Sh4.927 billion.

Allianz Insurance and UBA Ghana forge bancassurance partnership

This will empower them to focus on their daily activities and businesses knowing they have protection against any insured loss.

A closer look at gender-lens investing

While gender-lens investing is spoken about in the industry and at a regulatory level, meaningful execution is distinctly lacking.

5 possible reasons why Absa just killed SA’s third biggest unit trust

The fund represents nearly a fifth of all the money in South African money market funds.

TQ Group announces partnership with Legacy Africa Capital Partners

As it stands, TQ Group designed and manages one of the largest privately owned screen networks in the world.

IMF hikes growth forecast for the Middle East, says recovery will be ‘divergent’

Real GDP in the MENA region is now expected to grow 4% in 2021, up from the fund’s October projection of 3.2%.

Middle East and Africa M&A activity jumps 52% in Q1 2021

M&A targeting the region reached $32.7bn across 110 deals, up from $21.5bn in 85 deals in the first quarter of 2020

Nigeria: Increased Borrowing May Trigger Structural Reforms in Nigeria - Report

The report noted that several African countries, including Nigeria, Kenya and South Africa were planning to borrow from the international capital markets.

Laurium Capital launches Irish UCITS Africa bond fund

Paul Robinson, portfolio manager said: "With global investors on the hunt for yield, African Eurobonds currently provide access to a liquid asset class which is offering some of the most attractive USD yields globally.

Billions in pension funds yet to be claimed

Others are those who might have left their funds prior to the passing of the surplus apportionment law in 2001.

Bond proceeds send shilling to 8-month high

The country imports a wide variety of goods, including petroleum products, wheat, second-hand clothes, motor vehicles, vegetable oils and industrial machinery.

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