Managers of Wealth Africa

Reserve Bank sounds the alarm for South Africa’s economy

Economists at the Bureau for Economic Research (BER) agree with the SARB’s projections, with the group’s own data pointing to annual growth below 1% for the year.

SA’s funding partners want to see rapid action on just transition

Plans must fast be turned into action and SA’s partners in the EU and US have urged government to provide an implementation schedule

Equity will get up to Sh510m for acquisition of Spire Bank

There are 38 banks competing in Kenya’s banking sector, which has seen several mergers and acquisitions since 2016

IMF projects Ethiopia, Angola economies to overtake Kenya

Ethiopia is this year set to replace Kenya from position four on the back of easing armed conflict in the nation and the continuation of the ambitious economic reform drive aimed at opening up one of Africa’s fastest-growing but most closed economie

Nigeria: What Nigerians Expect From Insurance Operators in 2023

Indeed, members of the insuring public, going by their behaviours and countenance last year seem not ready to accept anything any insurance firm decides to offer in terms of service delivery that is short of their expectations this year.

Funding African Investments

One of the key selling points of the BVI as a jurisdiction is that it is utilised by, and familiar to, investors from all corners of the world, commented Kuria.

African Development Bank projects 3.3% growth rate for Ghana in 2023

In all, 25 out of the 52 African economies will record weak GDP in 2023.

More plans and promises – government needs to act: CEO

Writing in her weekly newsletter, Mavuso said that there appears to be a renewed sense of urgency to deal with the load shedding crisis that has plagued the country for over 15 years.

Expats are moving back to South Africa – and buying multi-million rand homes

The realty group noted that most of its sales before 2020/21 pandemic were to so-called ‘swallows’

Nigeria’s biggest lender eyes operations in UAE, China, India by 2027

Bank seeks to implement its broader plan to be Africa’s gateway to the world

JSE bleeding customers – and things might get worse

South Africa’s primary stock exchange operator JSE Ltd. has seen a steady decline in the number of listed companies

State faces rates pressure as private sector loans rise

This comes at a time when banks are implementing risk-based lending models to price their loans, replacing the rate caps that were removed in November 2019 and raising interest rates to above 20 percent on the riskiest borrowers.

Another headache for South Africa

South Africa posted a current-account shortfall for a second straight quarter in the three months to September, suggesting the annual outcome may swing to a deficit after two years of positive balances.

Risk management: Guidelines on investing in 2023

All investors need to find their own comfort level with risk and construct an investment strategy around that level.

Dear retiree, remember it is your money

One of the flexibilities you have with a living annuity is that you are not tied to a provider.

Allianz Tops List of World’s 25 Largest Insurers

AM Best released the rankings of the world’s largest global insurance companies, by NPW and nonbanking assets, in the Jan. 6, 2023, issue of Best’s News.

Hammer blows for consumers in South Africa keep coming

The Bureau for Economic Research (BER) also published its Inflation Expectations Survey for the fourth quarter of 2022, feeding into this narrative.

Insurance customers cash out Sh10 billion

Customers were pulling out of products such as life assurance, pension and investment products which are usually long-term in nature.

Kenya, Nigeria tread a fine line after Ghana debt default, analysts say

Are other African sovereigns likely to follow? None are flashing red right now, analysts say.

How Kenya is preparing for global economic shocks

Most of the low-income countries have already been affected by these factors and others including surges in food and commodity prices, devastating effects of climate change, debts and limited access to foreign finance.

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