Managers of Wealth Africa

Tony Elumelu’s investment across Africa and business impact

Our main aim is to support African companies – in particular, small to medium sized enterprises (SMEs)

OPEC Fund loan to Access Bank Botswana will boost lending to women-owned businesses

The funds will help address the financing access gap experienced by many MSMEs

The upstarts challenging banks in the forex market

Thought to be worth R15bn a year in profits to the major banks, it’s a market that is begging for disruption – and several new challengers are happy to oblige.

Popoola: NGX to Sustain Drive Towards Attracting Capital Around Sustainability

Popoola while commending the growth of Guinness Nigeria in the last few years, said that the NGX has very big ambitions on sustainability and will continue its drive towards attracting capital around sustainability.

Seven-year infrastructure bond oversubscription eases cash jitters

The high interest in the paper has, however, come as a surprise to analysts with the subscription rate beating many of their expectations.

African Development Bank Group Annual Report 2022: Bank Group demonstrates strong performance and commitment to African countries

US$8.2 billion in approvals to African member countries

Equity snaps up Rwanda bank in Sh6.7bn deal

Equity will buy the stake from the Government of Rwanda, Rwanda Social Security Board, Sanlam Vie Plc and Ms Judith Mugirasoni and plans to eventually make an offer to buy the remaining shares.

Stanbic Bank to Reinforce its Role in East Africa’s Oil and Gas sector at South Sudan Energy Summit

South Sudan currently boasts the third largest oil reserves in sub-Saharan Africa

Access Pensions offers financial planning services

Uduanu added that the personalised financial service was to ensure that retirement funds served its intended purpose, as pension

Your partner in Finance

It’s frustrating to be a business owner in South Africa.

Sh187.7bn debt unnerves investors in KQ equity stake sale

The management of the airline also disclosed it was in the process of identifying a financial adviser to help develop an investor memo to guide the selection of the preferred investor(s).

TrustBanc shareholders approve N1.5bn capital injection

Based on DataPro’s analysis, TrustBanc’s assets were predominantly composed of liquid assets, accounting for 89 per cent of the total assets as of the end of 2022.

Ramaphosa charms business back into his corner

Executives in South Africa have been criticising the government and Ramaphosa for months, warning that not enough was being done to keep the country from becoming a failed state.

Scrapping COO role helped Eskom’s performance says Makwana

The chairman expects Eskom to turn a corner by 2025 and that the energy availability factor could potentially rise to 70% by then.

Six per cent GDP growth projection unachievable, says KPMG

It added that the achievable GDP growth rate within the next four years would be around 4-4.5 per cent.

Big loss for Multichoice

The group said that the reduction in earnings and headline earnings per share is partly due to the higher unrealised foreign exchange losses

Investmint – Connecting growing South African SMEs with investors

Investmint was started by Gareth Price in 2017 and the platform was officially launched in 2019.

Don’t pop the champagne just yet, economists warn

“We forecast GDP growth of only 0.1% in 2023, with the risks to our forecasts remaining on the downside,”

FG records N930bn two-month fiscal deficits – CBN

The report said accretion into the federation account decreased by 32.3 per cent in February relative to the preceding month, on account of the 60.2 per cent fall in oil revenue.

Ghana debt restructuring: Banks’ profits weaken as loan provisions rise

The group’s total exposure as of the end of 2022 was N167.55bn, its impairment stood at N35.55bn and its net position was N132.00bn.

Alternative Investments