Managers of Wealth Africa

Ghana ranked joint 6th in 2026 Absa Africa Financial Markets Index

The improvement in the rankings was as a result of big gains in equities and companies listed on the Ghana Stock Exchange.

Ecobank, CIPS Partner to Strengthen China-Africa Financial Corridor

China remains Africa’s largest trading partner

‘Pension assets rise to N31.48tr in two years’

What is happening now with the pension scheme is not just projections, they are records.

Retirement shock for South Africans

South Africans have struggled to build adequate savings as years of weak economic growth, high joblessness and rising living costs put pressure on household finances.

W/Bank mobilises $5.79bn private capital for Nigeria

The World Bank supports reforms and projects that improve the investment environment and create viable opportunities.

Financial services absorb $9.64 billion as Nigeria’s FX demand hits 15-year high

Financial services demand rose 72.81% to $9.64 billion from $5.58 billion, an increase of approximately $4.06 billion.

Nigeria’s foreign reserves hit $58.81 billion, highest in 18 years

Nigeria’s foreign reserves had been increasing steadily through September, moving from approximately $53.90 billion on September 1 to $54.93 billion by September 30.

African Development Bank approves Mashreq as Confirming Bank under its Trade Finance Transaction Guarantee Instrument

The Bank Group will provide transaction-by-transaction guarantees covering up to 100% of the non-payment risk assumed by Mashreqbank on eligible trade finance transactions originated by Bank Group-approved African issuing banks.

South Africa’s Standard Bank agrees to invest up to $200mn in OPay subject to proposed US IPO

Under the agreement, Standard Bank subsidiary Stanbic Africa Holdings would subscribe for newly issued OPay shares alongside the proposed IPO

The government wants to take over R88 billion owed to ordinary South Africans

The proposal would initially focus on unclaimed retirement fund benefits before being expanded to banking, insurance, and investment products.

Nigeria’s external reserves gain $115 million in six days, hit $55.07 billion

Nigeria’s gross external reserves reached $55.07 billion on October 8, compared with $54.95 billion on October 2, an increase of about $116 million over the period.

Strong FPI inflows despite softer domestic liquidity

The softer liquidity conditions reflected weaker participation from domestic sources

Sequential rise in FGN domestic debt

This follows our initial commentary on Nigeria’s total public debt stock in our Good Morning Nigeria note of 30 September 2026

A normal growth trajectory for pension AUM

The sustained expansion suggests that the decline recorded in June was temporary, with pension assets resuming their normal upward trajectory.

Absa Bank Kenya stock gets a permanent CEO

Absa Bank Kenya stock closed at KES 33.35 on October 7, 2026, after a leadership transition.

World Bank revises Africa’s growth upwards to 4.3%

The report said public debt had broadly stabilised at about 57 per cent of Gross Domestic Product (GDP), although high debt-service costs continued to constrain spending on health, education and infrastructure.

South Africa’s largest insurer jumps R11 billion in a day

The insurance giant has also seen its share price increase by 20.4% over the last six months, adding 8,052 cents to its price, largely due to Monday’s rally.

World Bank raises Nigeria’s 2026 growth forecast to 4.3%, sees 4.4% in 2027–28

The World Bank expects Nigeria’s economic expansion to strengthen over the next three years as the impact of economic reforms and improved macroeconomic management becomes more evident.

Is Sanlam too late to the bank party?

There are real risks to entering the market nearly eight years after Discovery.

Two foreign banks apply to enter Ethiopia through greenfield investments

The development is the first clear indication that Ethiopia is beginning to dismantle its five-decade-long restriction on foreign participation in commercial banking.

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