Managers of Wealth Africa

African Development Bank Deepens Cooperation as West African Ministers Back New Growth Agenda

The ministers jointly pledged early financial commitments to ADF-17, showing Africa’s growing self-determination in financing its own future.

UBA Empowers Next Generation of Leaders

Since the inception of the program over three years ago, the GMAP, designed to equip entrants with the necessary skills and knowledge, has graduated well over 4,000 banking and finance professionals

Insights from the Former Deputy President of South Africa

This year’s event featured an engaging fireside chat with Dr Phumzile Mlambo-Ngcuka, former Deputy President of South Africa and former Executive Director of UN Women

Major blow for interest rate cuts in South Africa

This has cemented analysts’ view that inflation will be heating up in the coming months, pushing further away from the Reserve Bank’s preferred target of 3%.

Gold shares have run hard but are still cheap

The sharp increase in the gold price saw profit margins reach new records

Ghana’s pension funds hold prospects to unlock over $1b for private capital

According to the report, this underutilisation is a wider continental pattern and contrasts sharply with peers like Nigeria

Nigeria to demand higher OPEC quota, says Lokpobiri

He said the country’s current quota, pegged at about 1.5 million barrels per day, no longer reflects its true production capacity.

African Development Bank Group approves additional funding to develop climate-resilient water infrastructure in Ethiopia’s Borana region

The Borana population consists primarily of pastoral farmers who have endured severe hardships, including the loss of millions of livestock, due to recurring droughts.

Ethiopia limits foreign ownership in banks to 49% as reforms deepen

Central bank move comes 4 months after Ethiopia opens sector to global investors

Another shift for interest rate expectations in South Africa

While timing remains a coin flip, investors see two 25 basis point cuts still coming in the cycle, with the repo rate expected to be 6.50% within the 12 months.

Nigeria losing ground to African rivals in VC funding race

In four years Nigeria has slid from first place for VC fundraising in Africa to fourth place. How can it regain the crown?

2026 State Budget Projects Record $3 Billion for Salaries

The Ministry emphasizes that e-SNGRHE ensures that only active and properly identified employees receive remuneration, eliminating the risk of ghost employees in the state apparatus.

AfDB chief joins global push to turn youth into economic powerhouse

The Council brings together heads of international financial institutions, ministers, and business executives to create jobs through impactful investments.

Great Nigeria Insurance rebounds with N2bn profit

The 2022 transiting figure for Insurance Revenue stood at N2.6bn, but it dropped in 2023 by 3.8 per cent to N2.5bn.

Big changes for Eskom board

Cabinet welcomed Eskom’s return to profitability after the entity reported a R16 billion profit after tax for the financial year ending March 2025.

South Africans finally have an easier, cheaper way to move money internationally

Fees are inexplicably high, and without proper guidance, a simple mistake can delay your transfer by days – or even weeks.

RMB named Fastest Growing Asset Manager at Bafi Awards

Speaking on the recognition, the Managing Director of RMB Nigeria Asset Management, Kike Mesubi, said the achievement underscores the company’s dedication to excellence and client satisfaction.

Pension funds rise to P158.2bn

The decrease was associated with government’s direct access to a P3 billion loan from the Botswana Public Officers Pension Fund (BPOPF), approved on March 13.

African Development Bank and ITFC align strategies to unlock Tanzania's investment potential

The two parties agreed on the clear demonstration of a strong potential for impactful cooperation, she concluded.

Good news about Woolworths

The restructure is reconfiguring the CRG operating model and resetting its structural economics as a standalone business.

Alternative Investments