Managers of Wealth Africa

Boost for interest rate cuts in South Africa

In response to the news, the rand increased to R18.58/$ before retreating to R18.73/$, as markets have factored in a May 2024 date for the first rate cut in the US.

International companies are scouting South Africans to get the job done

Our country has been favoured as a fast-developing outsourcing industry for a few years now.

Kenyans defy rising costs to register 4,000 new companies

The number of newly registered business names was down by 680 to 83,458 in 2023

New paradigm needed for increased investment – Akufo-Addo

EU exports of goods to Northern Africa rose from €59 billion in 2011 to €76 billion in 2021, equivalent to an average annual growth rate of 2.6 per cent.

Licensed East African Bond Exchange to take on NSE

This comes just a fortnight after the International Monetary (IMF) Staff Report following the January 17, 2024

Global economists forecast Kenya growth at 5.2 percent

GDP growth in 2024 is anticipated to remain at the levels expected in 2023

IMF slashes South Africa’s GDP growth forecast for 2024

The fund cut the country’s 2025 forecast to 1.3% from 1.6%.

Warning over big insurance premium hikes in South Africa

Reinsurers — the businesses that underwrite insurance companies — paid out 30 billion rand ($1.6 billion) for that catastrophe.

Tanzania, Ghana business owners keen to increase trade engagement

Mr Kofi Addo said the Expo gives businesses from Ghana a chance to expand into the vast opportunities of the East African market through Tanzania.

“Global financial systems are unfair to Africans” – Aigboje Aig-Imoukhuede

This was the position of Aigboje Aig-Imoukhuede, Chairman of Coronation Capital and former Group MD and CEO of Access Bank on the podcast “The Flip Africa”.

Africa’s corporates look to expand financing options

Uneven progress towards financial market reform across the continent continues to pose a challenge for ambitious African corporates.

Absa Bank to Provide 90% Financing for Superior Homes Buyers

Absa Bank Kenya will provide mortgages with terms of up to 25 years for existing and prospective investors

Wigwe’s Unquenchable Desire to Position Access, Nigeria on Global Scene

His passion is infectious and electrifying. His energy unmatched and the result, the rise and rise of Access Holdings.

World Bank approves 300 mln USD to help strengthen Ghana's economy

Ghana has experienced soaring inflation, fluctuating currency, and rising living costs in recent years.

W’Bank projects 3.7% growth for Nigerian economy 2025

The Washington-based bank attributed the momentum to the gradual realisation of the current macro-fiscal reforms.

Where to invest in South Africa in 2024

When looking at the upside, a faster-than-expected decline in inflation could result in deeper rate cuts and better-than-expected global growth.

Investors are dumping South Africa

The group noted that this represents average net outflows of 10% across the assets under management.

A notable rise in pension assets

This compares unfavourably with the global average of 29.4%

African Bank declares another R100m in dividends

African Bank is the so-called 'good bank' that was rescued from the rubble of its former parent after its near collapse in 2014.

Diaspora remittances grow to record Sh671bn in a year

The United States remained the largest source of diaspora remittances last year, accounting for 56 percent of the remittances, a one percent increase from the $2.33 billion posted in 2022.

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