Managers of Wealth Africa

Eskom's Medupi will not earn a financial return in its lifetime, says funder African Development Bank

The R450 billion debt taken on to build Medupi and Kusile is the biggest factor weighing down Eskom's financial stability.

AfDB Annual Meetings: The week that Africa’s patience ran out

The programmes announced and promoted at the 2022 Annual Meetings reveal an AfDB bent on both publicising and addressing the global inequities that have shackled African development for generations.

SA unemployment down for first time in two years

Johannesburg – South Africa’s unemployment rate has fallen for the first time in almost two years, declining to 34.5% in the first quarter of 2022

Apis Growth Fund I sells Q Link interest to Sanlam Private Equity

During the investment period, Apis has leveraged its extensive experience in global financial services

Nigeria’s Next Generation are challenging the status quo of family businesses – PwC’s NextGen Survey 2022

The survey results are from the responses of over 1000 NextGen members, in family businesses, across 68 countries globally.

Banks tighten forex access as reserves hit seven-month low

Due to scarcity, many banks are extending waiting period to access forex for foreign trips, thereby denying travellers with urgent trips access to apply for Personal Travel Allowance or the Business Travel Allowance requests.

South Africa unveils new strategy to lure more investment and create jobs

The public has a month to comment on the proposed plan.

UBA supports African business growth

The Conversations provides a platform for African and global audiences to connect with global thought leaders both in the private and public sectors

We are partnering with Development Bank Ghana to expand our SMEs support capabilities

We have done that through the products that we have rolled out and through the technology platforms that we have established.

Africa’s Recovery Remains Uneven; More Resources Are Needed—African Development Bank Report

According to the report, however, economic recovery remains uneven and fragile, even as the easing of Covid-19 restrictions has put many regions of the continent back on a growth trajectory.

Women steal the show at the African Banker Awards 2022

Two women won two of the most prestigious awards: the African Banker Icon and Finance Minister of the Year.

Nigerian Banks Face Global Risk Transmission Despite Oil Boost

Soaring inflation led the Central Bank of Nigeria (CBN) to raise its benchmark rate by 150bp on 24 May

FBNH reports 99.86% growth in PAT for FY 2021

Other operating income spurs earnings

S.Africa's central bank flags inflation as major risk to domestic financial system

"South Africa remains vulnerable to spillover effects of global events, particularly the Russia-Ukraine war and global stagflation concerns,"

Pre-budget consultations: Representatives from Mauritius Bankers Association, Mauritius Finance, and Insurers’ Associations meet with Finance Minister

In a statement after the meeting, the Chairperson of Mauritius Finance, Mr Shahed Hoolash, underlined that they had submitted budgetary proposals to the Finance Minister in advance.

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