Managers of Wealth Africa

“A Mission, Not a Job!” — African Development Bank President reflects on a decade of leadership

Adesina’s presidency began in 2015

Fresh $24bn borrowing may balloon Nigeria’s debt to N183tn

As of December 31, 2024, Nigeria’s total public debt stood at N144.67tn, according to data from the Debt Management Office.

Inside Absa: How data is shaping Africa’s leading banking group

Business Insider Africa spoke with Hartnell Ndungi, Chief Data Officer at Absa, one of Africa’s largest banking groups, about how the bank is leveraging data analytics to enhance customer experience.

Alpha Morgan gets leadership nod 27th May 2025

“Leadership is an essential capacity that drives the next level of growth and transformation,” Adeyemi said.

South Africa beating the UK for Investec

The group’s revenue was supported by client acquisition and ongoing entrenchment strategies, strong net inflows from discretionary and annuity funds under management, and average interest-earning assets.

A dip in the gross external reserves in April

The decline reflects a combination of external debt service payments and increased FX sales by the CBN

A softer inflation reading in April

The more subdued inflation readings relative to last year can be attributed to the rebasing of the CPI that was implemented by the NBS in Jan '25.

Rogério Zandamela: Mozambique Has International Reserves ‘Well Above Five Months’ Worth of Imports

The governor forecasts that average annual inflation will remain below 3.5% and should stay in single digits in 2025.

Good news for interest rates in South Africa could come sooner than expected

The group concluded a three-day visit to South Africa, and now sees two interest rate cuts for the country this year, coming sooner than many other local analysts predict.

List of Kenyan Banks with Lowest, Highest Bank Loan Rates

The average loan rate declined by 0.64% after the banking regulator cut the base lending rate by 0.75% to 10%

South Africans forced to use credit to buy food

This was revealed in a recent Debt Rescue survey, which assessed the severity of the cost-of-living crisis on households.

Tinubu bags lifetime African achievement award in Ghana

Bianca Odumegwu-Ojukwu, received the award as special guest of honour during the 25th anniversary of the Millennium Excellence Prize in Kumasi, Ghana.

The scenario that would push the rand to its worst levels in history against US dollar

Bishop attributed the decline primarily to a sharp 4.8% drop in net exports, as US imports surged ahead of planned tariff hikes in April, timed for what she described as “US liberation day.”

The exceptional South African who went from university rector to top CEO

He progressed quickly and served as dean of the Faculty of Natural and Agricultural Sciences, where he had a big impact.

A return to normal growth trajectory for PSCE

Despite the resilience of Nigeria’s credit landscape, the nation’s credit penetration still lags behind peers on the basis of standardised metrics.

Group urges finance minister to join Ogun gov race

“His leadership style is one that focuses on real change, and we believe his vision can elevate Ogun State to new heights,” the group said.

Dutch accounting firms expand hiring in Asia, Africa, and Eastern and Southern Europe

Foreign specialists are being brought in to fill vacant positions, sometimes relocating to the Netherlands, but often continuing to work from their home countries.

South Africa heading for a serious crisis

When their debt is added to the national government’s, South Africa’s debt-to-GDP ratio is closer to 95%.

Bad news for interest rates in South Africa

The group’s economists noted that even though Trump walked back ‘reciprocal’ tariffs against 60 or so countries for 90 days, his escalations with China have made the “dreaded trade war” a reality.

‘Recapitalisation will change banking landscape’

The banking industry is operating in a fluid, rapidly changing environment.

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