Managers of Wealth Africa

Areas with the most expensive rent in South Africa

The report also noted that many South Africans are likely to continue renting instead of buying amid the cost of living crisis.

Ghanaians turned to savings in foreign currency to protect investments – KPMG Survey

Thirty-five percent of respondents indicated savings and investments as one of their top priorities - the third highest, highlighting a resilient savings behavior despite economic pressures.

Your funds are safe in banks, CBN assures depositors

“Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern.”

Why Kenyan CEOs doubt growth in 2024

Business expectations for the coming year [2024] were subdued and dropped slightly to a four-month low.

Shaky shilling rounds off the worst run in 30 years

A weaker Kenyan shilling has escalated imported inflation by driving up the cost of imported goods and services, including petroleum products.

The year 2023 in numbers

Businesses blamed what has been a tough year on high input costs, taxation, a weakened local currency and scarce dollars.

88% of workers self employed, says NBS report

The unemployment rate for Q2 2023 was 4.2 per cent

Increase in cost of loans highest among corporates

This is evident in the Sh113 billion increase in bad loans in the one year to September this year to Sh617 billion, largely blamed on the manufacturing and trade sectors.

Digitally included women can bridge the exclusion gap – CEO Women’s World Banking

A recent survey conducted by Enhancing Financial Innovation and Access (EFInA) on Access to Financial Services in Nigeria (A2F) in 2023 revealed a notable increase in mobile phone usage.

A m/m rise in federally collected revenue

Despite the increase in revenue collection on a m/m and y//y basis

A marked rise in headline inflation

Nigeria’s inflation rate has risen steadily for the past 24 months.

South Africa kisses over 1,500 businesses goodbye in 2023

Moreover, the total number of liquidations decreased by 13.3% % in November 2023 compared with November 2022.

Major boost for businesses and consumers in South Africa

The producer price index (PPI) dropped by 0,6% month-on-month in November 2023.

South African business confidence index rises in November

Despite November's increase, SACCI said in a statement that lingering economic challenges continued to drag on sentiment

South Africa’s plan to boost growth by 6% and save R300 billion every year

South Africa’s National Treasury has forecast gross domestic product will grow by 1% next year.

Nice surprise for South Africa – but the problems can’t be ignored

The results from the S&P Global Steel Users PMI Survey for October pointed to an overall deterioration in operating conditions, and to the greatest extent since November 2022”.

Innovative financial solutions needed to help South African workers in debt

Mkwebu states, “The burgeoning weight of loans and debt has taken its toll on a significant portion of our working class."

South Africa's consumer confidence drops in fourth quarter - survey

The consumer confidence index, sponsored by the First National Bank (FNB) and compiled by the Bureau for Economic Research, fell to minus 17 points

Household demand still fragile despite growth in Q2 ‘23

It also highlights the fragility of household demand

Modest m/m growth in DMBs credit extension

The modest credit growth q/q can be attributed to banks' tighter risk management framework

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