Managers of Wealth Africa

Power sector: inefficiencies and cash flow strains

Although the sector continues to grapple with inefficiencies, a slight improvement in generation capacity was recorded during the quarter.

Standard Bank, Absa, FirstRand and Nedbank score big

Although inflation moderated, delayed interest rate cuts placed a strain on the position of several developing economies.

Rising expectations for credit demand

The sector’s growth has remained constrained, with an average growth rate of 1.1% over the past eight quarters.

Standard Bank executives' remuneration increases and decreases: A detailed report

Bill Blackie, CEO of Standard Bank’s Business and Commercial Banking (BCB) division, also saw his total remuneration decline, by 5.1% to R43.70m.

The case for expanding SA’s global partnerships

A clear lesson from the latest US actions is that the more diversified your trading partners are, the more resilient you are to shocks from any one of them.

Wema Bank At 80; Testament to Growth, Innovation and Legacy

One of these entities was the Western Marketing Board. At one point, the Western Marketing Board (WMB) had deposited close to 200,000 pounds in a fixed deposit account in Agbonmagbe Bank.

140 more businesses in South Africa shut their doors

Following the longer-term trend line, the decline in liquidations seen since January 2023 appears to be slowing down and flattening out.

World Bank flags Nigeria’s weak statistical performance

The World Bank team was led by their Country Director, Ndiame Diop, and Practice Manager for West and Central Africa, Mr Johan Mistiaen, on Wednesday.

Somalia joins Afreximbank as it seeks to boost Intra-African trade and economic growth

Afreximbank and Somalia government officials pose for a photo during the Bank’s official visit to the country

A moderation in inflation expectations

The decision to peg 2024 as the new base year was significant, as it was a period characterised by significant price pressures due to a combination of factors.

Four new banks coming to South Africa

These banks offer customers retail, corporate, and investment banking services and earn billions in profits yearly.

The woman who ran one of South Africa’s largest banks and joined its biggest competitor

With her accounting and law background, she believed it was the perfect job for her. Although there was a steep learning curve, she learned a lot about banking.

IWD: UBA Amplifies Women’s Leadership, Financial Independence

At UBA, we continue to champion diversity and inclusion.

M/m decrease in gross official reserves

This marks the second consecutive monthly decline after the reserves peaked at USD40.9bn in Dec '24

Experts Highlight Importance of Research for Economic Growth

The Exchange featured discussions on research commercialization, collaboration, technology adoption, IP Management, funding opportunities and intersections.

The one thing Godongwana desperately needs to deliver

They want fiscal certainty, and ultimately, they want an environment that is conducive to growth.

Ghana’s economy estimated at GH¢1.17trn in 2024 – GSS

Meanwhile, the Ghanaian economy grew at a rate 5.7% in 2024, higher than the revised 3.1% growth rate in 2023.

Gender in Focus: how my African Development Bank journey brings Africa Gender Index statistics to life

AfDB Manager Nathalie Gahunga says her work took her to Bank programs that bring the Bank’s Africa Gender Index Analytica Report to life. Watch one of those stories.

Big trouble for South Africans earning more than R400,000 a year

Concerningly, Debtbusters quarterly report for Q4 2024 showed that those earning more than R35,000 a month or R420,000 a year are heavily in debt.

Nigeria’s 2025 budget also has major flaws …

And won’t ease its economic burden – fund allocation doesn’t reflect its key priorities, which include ensuring macroeconomic stability and reducing poverty.

Comment, Analysis & Research