Managers of Wealth Africa

Guinea Insurance to raise N15bn additional capital

Reinsurance companies received the steepest increase, with their capital threshold now pegged at N35bn.

Stanbic IBTC Pension Managers highlights innovation at ART X Lagos

Over the years, ART X Lagos has grown into a vital platform for contemporary African expression.

PenCom revamps investment guidelines for PFAs

The asset composition of Nigeria’s pension fund AUM has been relatively stable over the years

Africa Finance Corporation Secures US$75 Million Credit Line from the Arab Bank

The agreement was signed by H.E. Abdullah Almusaibeeh, President of BADEA

Europe leads pledging effort in campaign mobilising €15.5 billion for clean energy in Africa

The European Union led the pledging effort, with more than €15.1 billion.

The tide is turning for South Africa

VAT and corporate taxes did particularly well, offsetting weaker personal income tax.

Naira slips to 1,456.72/$

AIICO Capital also noted that the naira traded largely bearish in the FX market for most of the week, “pressured by strong early demand from investors seeking to cover positions.”

African Development Bank Group moves to bridge financing gap with new financial coordination platform

Hann stressed their role in building capacity, citing pipeline development and project preparation facilities within the Bank Group and its presence on the ground.

Afreximbank delivers solid, steady performance for the nine months ended 30 September 2025

The Bank’s liquidity position remained strong, with cash and cash equivalents increasing to US$7.6 billion, up from US$4.6 billion in FY2024.

Absa enhances global engagement through B20 report on inclusive trade for MSMEs and women

The report emerged to address urgent calls from the taskforce to formulate policy solutions aimed directly at dismantling the barriers faced by these often marginalised demographics within African economies.

R3.6 billion in pension savings down the drain, and major property problem in Cape Town

Additionally, gold prices declined for the fourth consecutive session, pressured by a stronger dollar and reduced expectations of a US interest rate cut next month.

Qatar and Ghana review trade relations

The meeting reviewed the trade and investment relations between the two countries

South Africa’s economy could be R4.5 trillion larger

There is a growing narrative that BEE is a failed social experiment, which places a tax on investment that South Africa cannot afford.

PIC seeks sovereign fund partners

Dlamini eyes Africa-wide co-investments as SA markets regain momentum.

Unlocking Africa’s financial capital

Sun King, a Kenya-based off-grid solar energy company, recently raised $156 million from African banks, including Stanbic Bank Kenya, ABSA Bank Kenya and Cooperative Bank of Kenya.

Nigeria sees strong FX inflows as investor confidence returns

Figures from the FMDQ Exchange show that total inflows into the Nigerian Foreign Exchange Market rose to $5.15bn in October from $3.18bn in September.

Ratings upgrade ‘a positive signal’ ahead of G20/B20 – JSE boss

But there’s still a lot of work to do for SA to move from ‘junk status’ to investment grade.

Illicit financial flows, others cost Ghana GH¢11bn from 2020 to 2025 – Finance Minister

Surprisingly, only 10,440 of these transactions were linked to actual imports

The Alternative Bank bags innovative bank award

“This award affirms what we’ve always believed, that innovation and integrity can coexist at the heart of banking,” said Korede Demola-Adeniyi, Executive Director (South) at The Alternative Bank.

Best news in 25 years on the cards for South Africa, and Ramaphosa appoints new minister

South Africa’s international bonds also showed slight gains as details from the finance minister’s mid-year budget review were released, with longer-dated bonds performing the best.

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