Managers of Wealth Africa

Morocco expects lower fiscal deficit in 2026 despite higher social spending -minister

The government's ordinary revenue was up 17.5% in the first four months of 2024, compared with the same period a year earlier

Multilateral Finance Institutions win big at African Banker Awards 2024

The ceremony was attended by over 300 of the continent’s leading figures in banking and finance.

Only 14% Of Africans Are Loyal To African Brands

African nations account for 64% of the Top 50 most admired countries, with South Africa, Nigeria, the United States, China, and Kenya as the top 5 countries perceived to contribute to a better Africa.

New UBA Boss Kakeeto talks banking industry direction, hurdles ahead

Kakeeto identified a wealth of opportunity within the Ugandan market citing the huge unbanked population that needs services and a variety of products

Interest rate pain for South Africa to continue

The median of 18 economists’ estimates in a Bloomberg survey was for the inflation rate to remain unchanged.

A modest increase in headline inflation

The latest headline inflation increased by 49bps to 33.69% y/y.

A modest rate hike expected by the MPC

A smaller increase compared to the previous rate hike of +400bps in February.

Pain for households in South Africa setting in for the long haul

15-year high borrowing costs and elevated inflation have also hit South African consumers.

IFC Insights

Artificial intelligence and other technologies are rapidly shaping all sectors, from health and trade to transport and manufacturing.

The fastest-growing companies in South Africa

Considering that South Africa’s population is growing at around 1.5% per year, the population is living in a per capita recession.

South Africa unemployment rises to 32.9% ahead of vote

The unemployment rate hit 32.9 percent between January and March, up by 0.8 of a percentage point on the previous quarter, national statistics agency StatsSA said

Anglo CEO says BHP bid forced his hand on demerger of South African assets

As a pre-condition for its bid, rejected twice by Anglo, BHP had requested that Anglo exit its platinum and iron ore units in South Africa, drastically reducing its presence in the country.

Why is the Platform necessary?

The trade gap is at least $90 billion per annum.

South Africa's Absa Group taps Chinese market with Beijing subsidiary

The subsidiary is designed to provide non-banking services including consulting services for Chinese enterprises investing in Africa and releasing research reports.

South Africa Banking Industry Report 2024

It includes information on the size of the industry such as number of banks, customers, and major performance stats including loans and impairments.

What to expect for interest rates in South Africa this month

In a complete shift from sentient just a few months ago, markets no longer anticipate an ‘early’ start to the rate cutting cycle in the US, with expectations for a Q4 2024 start at the very soonest.

A ‘blip of positivity’ for South Africa

Since the end of March, load shedding has been suspended, which has had a positive impact on economic activity.

Ghana inflation rate slows to 25% in April

Inflation for imported items was 23.5 per cent compared to that for locally produced items, which was 25.7 per cent.

South Africa desperately needs workers with these skills

According to PwC’s 26th Annual Global CEO Survey, 45% of CEOs in Sub-Saharan Africa

Afreximbank Urges African Countries to Strengthen Reserves with Gold

The report forecasted that gold prices could remain high for a long time due to reduction in interest rates by many central banks.

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