Managers of Wealth Africa

Coal miner Seriti to acquire Windlab's African business

More specifically, Windlab is selling its 100% interest in Windlab South Africa and a 75% stake in Windlab East Africa, together referred to as Windlab Africa.

Climate-friendly alternatives will benefit Africa more than natural gas

A wave of new evidence suggests that gas exploitation will not bring the expected long-term economic and development benefits for the continent.

South Africa's 'silent revolution' as those with cash go solar

As a worsening power crisis hobbles Africa's most industrialised economy, provoking public ire, President Cyril Ramaphosa has promised to cut through red tape to boost coal-addicted South Africa's use of renewable energy.

African Development Bank and partners discuss Africa’s potential to leverage green minerals for the energy transition

All of these are essential for building the global green economy of the future and they also comprise new market opportunities for net-zero transitions.

FCMB Group posts 73.2% profit, leverages renewable energy

It noted that these were the highlights of the group’s unaudited half-year results released on the floor of the Nigerian Exchange Limited on Tuesday, July 26, 2022, in Lagos.

Rethink development climate finance to get to net zero, African Development Bank DG says at OPEC Fund Development Forum

The inaugural forum, which took place in Vienna, Austria, on 22 June, brought together governments, development institutions, private sector partners, and other stakeholders around its theme

Emerging Africa Group launches solar-powered campus

Sanni, talking about the campus, said, the need to do business in a suitable operational base birthed the solar-powered Emerging Africa campus.

Firm calls for regulation of substance to protect environment

Government in Africa, especially Nigeria, needs to take proactive measures such as implementing new regulations to ban the use of SF6 Gas in switchgear production.

Egypt and the African Development Bank discuss Africa’s climate agenda ahead of crucial ‘African COP’

The parties also discussed how best the Bank can generally support Egypt, one of the institution’s major shareholders.

African Ministers of Finance, Economy, Environment to discuss financing and climate issues

Maait said that Egypt will adopt initiatives and ideas to present to African ministers in this meeting

Standard Chartered Partners UNECA, FSD to Accelerate Sustainability Commitment in Africa

The ultimate aim of ANCA is to help grow and protect Africa’s natural capital by shifting financial flows from destructive activities for short-term gain to long-term stewardship of nature for sustainable economic growth.

UAE-Egypt consortium set to buy African renewables firm Lekela

The deal would give Masdar, its first foothold in southern Africa, expected by analysts and bankers to be the next major hub of renewables development after Asia considering the many hours of sunlight, even during winter

Ramaphosa fires back at former spy boss over ‘disinformation’

The president dismissed as baseless allegations a criminal complaint opened by former spy boss, suggesting it was a smear campaign

Sustainably powering Africa’s development

The first article of this edition of Africa Focus covers "Transitioning from coal to renewables in Africa." Looking at options for development across the continent, it considers the role of gas in Africa's energy transition.

Nigeria’s Starsight plans clean energy expansion in southern and west Africa

It then provides solar and battery systems to cater for the reduced load.

Apex Group announces offsetting of lifetime carbon emissions

Apex will continually review and assess measures to reduce and offset future emissions

Morocco’s Credit Agricole, Nirsal Partner on Sustainable Agriculture

Morocco’s Credit Agricole and Nigeria’s Nirsal are parenting to enhance financial inclusivity among Africa’s small farmers.

Old Mutual Insure CEO shares his views on climate change

"It is a heavy burden for our customers, firstly, and we want to be there to support them."

Nedbank arranges R500m sustainability-linked loan for Old Mutual Property

The key performance indicators (KPIs) included in the structure of the sustainability-linked term loan focus on the two sustainability themes of energy and water

Time to get serious about the realities of climate risk

Many companies overlook the pressing, often surprising, array of climate risks they face. By understanding them better, leaders can safeguard their business and identify opportunities to compete in a decarbonizing world.

ESG