Managers of Wealth Africa

Modest y/y growth in Q3 ‘23

The expansion marks the twelfth consecutive quarter of growth.

A lower fiscal deficit in Q2 ‘23

However, the figure was slightly higher than the fiscal deficit of -NGN2.2trn recorded in the year-earlier

Mozambique’s State Owned Companies Are the Biggest Financial Risk – World Bank

The report, entitled ‘The Business of the State’, reviews the operational context of companies owned by countries or in which the state has a stake of more than 10 per cent

More signs of trouble for South Africa

“All of these are in real – adjusted for inflation – terms.”

Nigeria’s power crisis worsened by gas scarcity

The q/q drop in electricity generated by the Discos

Modest q/q decline in gross federation revenue

The gross revenue figure is before deductions for the cost of revenue collection and transfers

A rise in FAAC distributions

The gross payout in October represents a slight increase

African billionaires seek new shores in hunt for offshore security amid currency challenges

This move not only indicates a significant change in wealth management strategies but also highlights the growing need for financial security against the backdrop of the fluctuating economic conditions in their native countries.

A commendable effort by the DMO

The sales-to-offer ratio was a marked improvement compared with the 0.8x average recorded over its prior three auctions.

Headline inflation still on the rise

The rising inflationary trend continues to reflect the impact of the downward adjustment of the naira

Strategic Vision Plan 2023-2025

The SVP 2023-2025 is a unified document of the Strategic Management Plan 2020-2024 and Strategic Vision Plan 2021-2025 reports.

Employees are scamming their bosses in South Africa – costing them billions

Snyman noted that these types of crimes are not being taken seriously enough, and companies now need to pay attention when hiring staff.

Party is over for African banks counting on high net worth clients

Capitec in South Africa leads The Africa Report’s ranking of the continent’s top 200 national banks

Q/q decline in sectoral fx utilisation

A contributing factor to the decrease in fx utilisation is the drop in the total value of fx inflow into the Nigerian economy

Underlying drivers of headline inflation

Nigeria's inflation reading has steadily increased since Feb '22.

Funding outflow of $220bn may hit Mena banks if Israel-Gaza war spreads, S&P says

Potential outflows from lenders in GCC, Jordan and Egypt are about 30% of aggregate external liabilities

More Kenyans to work remotely, says forecast

A virtual workspace is a cloud-based platform that allows users to access their work files and applications from anywhere, at any time.

A m/m accretion to the gross official reserves

Our guess is that the foreign reserves received modest fx inflows from traditional sources

Sharp decline in fx inflow to the economy

The trend of fx inflow has been declining since Q1 2020

Lending to private sector accelerated to four-month high in September, BoU data shows

Credit to the private sector rose 7.1 per cent

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