Managers of Wealth Africa

Banco BiG Mozambique Reports Sharp Decline in Profits

The performance confirms a slowdown in the bank’s profitability in the Mozambican market.

Othman Benjelloun leads five Moroccan groups onto Forbes' top 100 Arab family businesses list

Othman Benjelloun's O Capital Group ranked 21st on Forbes Middle East's 2026 Arab family business list as Morocco set a new record with five entries.

Islamic Development Bank and Mozambique Prepare Financing Package Aligned With the 2025-29 Government Programme

During the discussions, the parties reviewed the status of projects currently financed by the IsDB in Mozambique

Otedola Strengthens Control of First HoldCo with New Investment

Femi Otedola has boosted the holding of First HoldCo Plc with 680 million shares acquired for close to N29.6bn

Mozambique Records Weak Economic Growth in First Quarter

The International Monetary Fund (IMF) recently announced that it expects the Mozambican economy to grow gradually by about 0.5%.

Zafiri announces USD 176 million commercial launch to accelerate energy access via the private sector across sub-Saharan Africa

Will channel long-term equity into private sector distributed renewable energy (DRE) companies positioning them to serve communities beyond the grid.

African Development Bank Group joins world's leading export credit and insurance community as full member

The meeting, held from May 11–14 in Astana, Kazakhstan saw the participation of over 240 delegates from over 70 countries, including leaders of export credit agencies, international financial institutions and global insurance companies.

South Africa is upgrading the financial infrastructure that moves $32 billion every day

Behind every salary payment, ATM withdrawal, online purchase and stock market trade in South Africa sits a financial system that most people never see.

African Banks: Confirmed Outperformance

The report also highlights the strength of the global banking system

Big shift in interest rate expectations for South Africa

The contracts are pricing in a total of 32 basis points of rate hikes this year, down from 70 a week ago.

Big win for the rand

This would include the “toll-free opening” of the Strait of Hormuz and the immediate removal of the United States’ naval blockade.

NGX banking stocks for contrarian investors in H2 2026

That kind of volatility; a record high followed immediately by a sharp correction: requires careful watching, not limited to some of the most watched sectors.

Here’s a simpler, more cost-effective way to transfer funds to or from South Africa

Future Forex is challenging the traditional banking model for international transactions, delivering a white-glove service at a fraction of the cost.

Sidi Ould Tah Moves to Shape His Power Base at the African Development Bank

His background as a former Mauritanian minister and former head of the Arab Bank for Economic Development in Africa gave him a profile rooted in both public finance and development banking.

An era is coming to an end for South African investors

Such concentration makes it difficult for active managers to outperform indices by finding attractive stocks in other sectors of the economy.

Calm before the storm for South Africa

The nation’s GDP rose by 0.5% quarter-on-quarter and moved closer to 2% year-on-year.

Unilever Ghana records GHC94m profit in 2025

The company’s cash position also increased significantly from GH¢97 million in 2024 to GH¢210 million in 2025.

Dr Donkor named recipient of prestigious Distinguished African Development Finance Leadership award

The award highlights Dr George Agyekum Donkor’s efforts to position EBID as a key catalyst for infrastructure investment, enterprise growth and sustainable economic transformation.

Africa’s giant infrastructure finance dominates banking awards

The Deal of the Year Equity was the Africa Finance Corporation’s partial exit from ARISE Integrated Industrial Platforms (IIP) as part of a $700 million capital raise.

Ghana gold output surges 23% to nearly six million ounces in 2025

Chamber of Mines producing member companies contributed 2.77 million ounces in 2025, slightly down from 2.86 million ounces in 2024.

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