Managers of Wealth Africa

Banks, insurance firms, others contribute N1.72trn to economy

The overall rate was lower than Q2 2022 by 1.90% points, and higher by 5.63% points than the preceding quarter.

South Africa reports record budget deficit

The yield on notes due December 2026 rose three basis points to 8.89%, while those on debt maturing in 2048 jumped nine basis points to 12.37%.

Over 900 South African businesses have closed in 2023 – but there is a silver lining

There has also been a 14.2% decrease in the number of liquidations for the first seven months of 2023 compared to the same period in 2022.

New Development Bank needs new approach

These measures plunged African economies into recessions and depression, and many citizens experienced political instabilities and became destitute.

BRICS expansion a big boost for business in South Africa: CEO

“This was a strong positioning for South Africa as an enabler and gateway to the growth of Africa,” Mavuso said.

Africa now fastest growing source of diaspora flows to Kenya

Most of the cash from those residing abroad is spent on consumption, with North America accounting for 60 percent.

South Africans have taken an insane amount of money overseas

This has resulted in South Africa being one of the few emerging markets with a net positive investment position

Over 2.1mln Kaduna residents have no access to financial services — Nigeria

Looking at the banking sector in the last decade the CBN controller, noted that it has gone through some drastic transformation in line with the global trend

Bank of Ghana didn’t breach any procurement laws in $250m HQ project – Dr. Addison

Dr. Ernest Addison, the Governor of the Bank of Ghana has refuted allegations that the central bank broke procurement laws in the construction of its new headquarters.

What South Africans want from their bosses

The survey mainly used respondents in data analysis, design, project management and software development.

Power sector still grappling with liquidity challenges

In comparison to the more robust data

Kenyan Firms Cautious About Hiring Staff, Contrary to Banking Sector

The Survey also enables respondents to indicate their levels of optimism in the country’s economic prospects and business environment

Private firms see fewer new jobs over inflation

In March, 12 percent said they definitely expected to hire new staff, but this number dropped to six percent in July.

Punished for success in South Africa

To counter this, the commission ordered that these businesses change the way they operate – sometimes on a fundamental level.

UBA commits to global reporting standards, releases 2022 Annual Sustainability Report

United Bank for Africa is one of the largest employers in the financial sector on the African continent

Continued deterioration of gross official reserves

The decreasing official reserves have placed limitations on the Central Bank's capacity to engage in foreign exchange market interventions.

This is what South Africans are doing to make it through the month

Deloitte said that this highest level of frugality was measured across the 13 countries in the index, with Canada coming second (37%) and Brazil third (36%).

Standard Bank PMI Survey: Economic Acceleration Begins to Impact Private Sector

In the document, Standard Bank Mozambique added that the higher level of demand also encouraged companies to increase output prices faster in July as well as employment figures.

Global employment to grow by one per cent 2023 – ILO

ILO said SDG Goal 8, which brings together social, economic, and environmental targets, has an impact on all other Agenda 2030 goals.

A modest drop in federally collected revenue in Q1 ‘23

The main factor which contributed to the modest rise was higher collection from value-added-tax (

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