Managers of Wealth Africa

African Development Bank and Air Côte d’Ivoire sign Letter of Intent to strengthen aviation financing, skills development and sustainability

LOI signing represents an important early milestone under the African Development Bank’s Integrated Aviation Transformation Program (IATP) for Africa

Rand hits the sweet spot

The fair value range is where the rand is seen as reflecting its true value, rather than being over- or undervalued due to market sentiment tied to its risk premium.

Great news for salaries in South Africa in 2026

The upward trend in net salaries during 2024 continued into 2025, with the average nominal salary increasing 3.7%, compared to 4.6% in the prior year.

Uganda Ranks Third in Africa on Absa Financial Markets Index as Growth Stays Strong

“We are working on a mission to build a $500 billion economy by 2040, and our strategic bets are the ATMS and enablers,” Ggoobi said, referring to agriculture, tourism, minerals and science, alongside infrastructure, human capital and finance

Morocco and Senegal pledge to stay friends and boost trade after AFCON tensions

For Senegal, a heavily indebted West African nation seeking to attract investment from abroad, Morocco is a leading African investor

Uganda climbs to 3rd in Africa financial markets index

Uganda’s performance was bolstered by a score of 87 in the macroeconomic environment category, fueled by declining inflation and a reduction in nonperforming loans.

Everybody suddenly loves the rand

Local risk factors seem to have disappeared completely.

Should you convert all your investments to retirement products before retiring?

Some additional insights regarding this reader's question from a second financial advisor.

Rand shoots the lights out as it eyes R16 to the dollar

The local unit had a surprisingly resilient 2025, benefiting from a strong turn in sentiment towards the South African economy and the weakening of the US dollar amid global geopolitical tensions.

Renewed momentum in mobile subscriber growth

This renewed momentum is significant, as it suggests that the sector has moved beyond the phase of subscriber attrition caused by regulatory interventions

A solid external reserves performance in 2025

The performance of the reserves in 2025 reflected a tale of two halves.

FX flow still resilient despite slight moderation in Q2 ‘25

FX outflows also decreased by 6% q/q to USD12.9bn, resulting in a net FX flow of USD14.6bn, slightly below the USD15.2bn recorded in Q1.

Businesses face costly credit as maximum lending rates reach 46%

CBN data show that prime lending rates for these sectors generally ranged between 25 and 32 per cent

International finance giant has great news for South Africa

While this level of growth is still low relative to emerging-market peers and the Sub-Saharan region as a whole, it represents an upward trend—and a significant leap from last year’s projections.

BICEC Tops Cameroon Banks in New Lending in Q1 2025

A comparison with the first quarter of 2024 shows significant changes in the rankings.

AfDB to provide Egypt with $170M for private sector, budget support

The financing is intended to support the state budget and advance the implementation of structural reforms.

Rand hits a major roadblock

The rand has strengthened massively in 2025, but a weaker dollar was primarily responsible.

Ghana seeks action-oriented foreign investment – Trade Minister

She thus urged visiting investors to take bold steps by entering firm agreements with Ghanaian counterparts.

Mutual Funds assets grow 92% as investors increase patronage

The drop has increased confidence that interest rates could be cut early next year, making investments in mutual funds more attractive.

The tiny islands rich South Africans are moving their money to

South Africa’s biggest banks have offshore banking operations in these tax havens, with the Channel Islands, such as Guernsey and Jersey, and the Isle of Man being firm favourites.

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