Managers of Wealth Africa

IFC, Standard Chartered launch $300m finance facility

The facility is designed to help suppliers receive payments faster, thereby improving cash flow and enabling businesses to expand production, pay workers, and invest in growth.

South African investment in Dubai tops $294mln over five years

The investments spanned key sectors including information and communications technology, pharmaceuticals and food industries, among other promising economic sectors

South African employers must turn engagement into a strategic priority

ADP Research notes that fully engaged employees are more likely to do their best work, remain committed to their employer, and contribute positively to workplace performance.

SARS to collect R300 billion more taxes with national crackdown, and another country evacuates its citizens from South Africa

The US Central Command reported that Iran had launched ballistic missiles toward regional neighbours, but all of the missiles failed to reach their targets.

Investors thump Absa, with astounding 43% vote against exec pay

This would’ve needed most of its top 10 shareholders to vote against it.

A notable rebound in FX supply

This shift has helped to partially offset the impact of constrained foreign participation, supported market liquidity and reduced volatility pressures on the naira.

BK Group Earnings Rise 6.9% as Funding Costs Hit Record Low

Fee and commission income grew 26.7%, partially driven by deepening digital adoption at the Bank of Kigali subsidiary, where digitally activeretail clients reached 62.9%, up sharply from 50.3% a year earlier.

Things turn sour for South Africa

That’s the weakest level since the third quarter of 2025, the data shows.

AfDB flags weak private sector credit in Nigeria

The bank disclosed this in its African Economic Outlook 2026 report, which noted that Nigeria ranked among the weakest performers among major African economies in private sector credit provision.

Ghana is open for business – Finance Minister urges investors

He said the Governor of the Bank of Ghana had informed him that last year, the remittance amounted to over $7 billion.

MPC holding the line as risks emerge

Importantly, the February tone emphasised that easing was modest and not indicative of a broader shift away from tight conditions.

Revenue gaps and elevated debt service

This fiscal deficit is the lowest quarterly deficit in recent years and compares favourably with NGN2.7trn and NGN1.6trn registered for Q2 ‘25 and Q3 ’24, respectively.

Money pumping back into South Africa

Fixed income also remained attractive for foreign investors in 2025, with net foreign inflows into South African bonds standing at R122 billion.

Nigeria–UAE non-oil trade hits $5b as first Abu Dhabi bank opens in Lagos

The UAE Ambassador to Nigeria, Salem Saeed Al-Shamsi, disclosed the figures during a visit to the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, in Abuja, where both sides reviewed the state of bilateral relations and ongoing economic coo

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