Managers of Wealth Africa

Bourse starts index for top 10 firms

NSE said the new index will be based on market capitalisation float-adjusted methodology, with the constituent companies’ list being reviewed semi-annually.

IFC invests Sh7bn in fund for Africa, Asia projects

The funding will go towards transport infrastructure projects, and supply chains to help tackle food insecurity and climate-related issues in Africa and South Asia.

There is a plan to save South Africa’s finances – but it doesn’t play well with politics

Reduce non-essential travel unless funded by non-government resources.

R100 million houses in South Africa – this is what a life of luxury looks like

He added that the Cape Winelands region and Plettenberg Bay and Knysna on the garden route are also seeing robust demand for luxury properties.

Traders buy Sh213m Fahari shares with eye on profit ahead of buyout

Including transaction charges, the investors’ cost per share settles at about Sh9.

Big win for businesses and consumers in South Africa

Although the SARB has remained wary over inflation, the drop in PPI should mean that consumer prices will continue to ease – albeit from a high base.

StanChart sets Sh145,000 capital limit for offshore investments

The fund is available to all clients via the mobile app

Food prices still hammering consumers in South Africa

Headline inflation is now at 4.6% in July, down from 5.4% in June.

Westbrooke's UK private debt fund achieves R400m record raise from SA investors

This is notable as the large portion of the fund’s investor base comprises South African connected capital.

Why Kenya’s REITs market is off to sluggish start

Real estate investment trusts (REITs) invest in most property types including apartment buildings, cell towers, data centres, hotels, medical facilities, offices, retail centres, and warehouses.

African Development Bank’s FIMES project marks success in bolstering transitional economies

Acting Director of the African Centre for Natural Resource Management and Investment Vanessa Ushie said FIMES was a pioneering large-scale effort by the African Development Bank to build financial modelling capacity in Africa.

Municipal rate hikes deal a major blow to households – and the South African economy

The South African Property Owners Association (SAPOA) has also raised concerns that municipalities are contravening National Treasury’s guidelines

FEC unfolds three-year economic revival plan, Tinubu warns ministers

The President said the ministers have the capacity to make a difference in the ministries they have been assigned to oversee.

South African businesses demonstrate resilience in Q1 2023

Interest rate hikes led to increase of credit extension through unsecured lending

88.2% labour class lack salary-paying jobs

In 2020, the NBS placed Nigeria’s working-age population at 122 million.

What ails Kenya’s capital markets

Companies seeking to raise funds have found alternative avenues to the capital markets, starving the NSE of opportunities

UBA Business Series lists paths to financial decisions

To Adeolu, business owners should understand that their health and wealth have a lot in common and should both be treated as top priority.

Regional finalists announced for the 2023 Commonwealth Youth Awards

These awards are a source of pride for us at the Secretariat, and particular the Secretary-General, as we have wholeheartedly committed to empowering and amplifying young people.

BRICS bank has R56 billion to invest in South Africa’s energy shift – but can’t find viable projects

The central bank in July said sustained reduction in the power cuts locally known as load shedding, or greater energy supply from alternative sources, would significantly boost growth.

Lending, savings rates widened by 22.14% in July – Report

Treasury bills rate rose to 4.45 per cent in July, from 3.87 per cent in June.

Alternative Investments