Managers of Wealth Africa

Sterling Bank Launches MBN, to showcase Best of Nigeria at Maiden Fair

Abubakar said the two-day event is the perfect avenue for Nigerian businesses to showcase and promote their products on a global scale

Old Mutual Unveils Investment Product For Pensioners

Other benefits include enhancing investment returns by increasing investment performance within acceptable risk tolerance levels, reducing the volatility of portfolio returns and enhancing diversification by lowering concentration risk and returns correla

Pan-African early-stage firm Ventures Platform closes fund, hits $46M

The majority of these investments were made at the pre-seed and seed stages.

South African business environment deteriorates

While the increase in corporate savings is largely due to changes in seasonally adjusted operating surpluses and tax payments, it comes as rolling blackouts occurred for almost half of the time in the third quarter.

EG Capital Announces Successful Anchor Closing of its maiden fund, the EG-Economic Empowerment Fund LP

EG Capital's management team made the announcement on 14th December 2022

South Africa’s biggest industry is in a downward spiral

Mineral sales grew by 0.5% YoY in October, slower than 21% in September.

Equinix to Invest $160 Million in South Africa Data Center Entry

Deal forms part of US data center firm’s Africa expansion push

Rapidly rising rates a mixed blessing for banks

Tourism and agriculture are doing well for SA, and economists now expect the economy could grow at 2% or better for 2022

Africa Finance Corporation Diversifies Shareholders with Equity from Côte d’Ivoire, Mauritius and AfricaRe

“The significant level of investment in our country is proof that AFC lives up to its reputation

AfDB raises US$8,9bn for Africa

AfDB disclosed the funding package at the fourth and final meetings of the new replenishment (ADF16) in Morocco.

World Bank targets to pump Sh306bn in Kenyan projects

These funds will be provided in the next four years starting 2023, with the World Bank expected to push for adoption of PPPs to help lower the country’s risk to default by mobilizing more private capital, including green and climate financing.

Eskom sets grim record as 47% of the grid goes down

Back to stage 6 load-shedding as power utility suffers near-record levels of unplanned outages

Nigeria-listed Airtel Africa gets $194mln IFC loan to expand Africa operations

The facility has a tenor of eight years and provides more diversified access to local funding

World Bank faults Uhuru’s growth for helping the rich

“Robust GDP per capita growth since 2005, along with growth in private consumption, saw the share of the population living below the international poverty line fall from 43.9 to 33.4 per cent (2015-2019).”

Private firms' jobs rise fastest in 4 months

Hiring has however declined in the wholesale and retail sectors and remained unchanged in construction.

Access Bank Strengthens Support for Private Sector Development

Egildo Massuanganhe, representative of Access Bank, addressing the theme “Financial Considerations for Ease of Doing Business”, said bank provides customised services to meet the needs of the various sectors of the economy.

Investec Life says mental health is a ‘hidden crisis’ facing insurance industry

Data from the SA College of Applied Psychology shows that only 27% of severe mental illnesses in country are treated

Ghana to Swap Domestic Debt in Fight to Regain Economic Stability

The government is in talks with the International Monetary Fund for a support programme to relieve its debt distress.

International Monetary Fund (IMF) Staff to Visit Ghana

We have had productive discussions with the Ghanaian authorities over the last few months and look forward to our engagement in Accra.

CBN defends naira with $11.24bn in seven months

In earlier report, the CBN said it had intervened in the markets with $1.65bn, $1.39bn and $1.82bn in January, February and March

Alternative Investments