Managers of Wealth Africa

Moody’s sends downgrade warning to South Africa

South Africa’s credit profile is increasingly constrained by strong, widespread fiscal pressures, including rising borrowing costs and persistently low growth.

Does SA have any good asset managers? Here’s why their investment performance is so dismal – Magnus Heystek

Investments in South African funds have been very disappointing, all the more so when you compare performance with similar opportunities elsewhere in the world. Has SA lost its rock star fund managers?

South Africa needs a new state bank: Mboweni

The finance minister called for a more public explanation of Maluleke’s departure and indicated that African Bank could potentially be used as a platform to create a state bank.

Covid, the great wealth transfer and bridging the generational gap

Now, with the global pandemic bringing succession planning into an even sharper focus for many

Survey Shows Strong Support for Finance Act 2020

Country Senior Partner, PwC Nigeria, Mr. Uyi Akpata, noted that considering the impact the pandemic was having on Nigeria’s economy, it was important for businesses to understand the forces shaping Nigeria’s economy in 2021.

S&P Affirms AfDB’s Rating

S&P said: “Our ratings on AfDB reflect its important role in Africa, marked by a long track record of fulfilling its policy mandate through economic cycles, combined with robust shareholder support.

Why SA shares hit a record high - despite domestic gloom

The SA market also received a boost from Monday's 11% rally in Woolworths, which reported stronger-than-expected sales.

Nigerian Central Bank Keeps Analysts Guessing on Rates

Nigerian inflation is above target and at the highest level in three years

Kenya’s Economy Projected To Grow At 5.7pc In 2021

Kenya successfully applied for the debt service suspension initiative from the Paris club earlier this month.

COVID has worsened inequality even as the rich thrive: Oxfam

Rising inequality means it could take at least 14 times longer for the number of people living in poverty to return to pre-pandemic levels than it took for the fortunes of the top 1,000, mostly White male, billionaires to bounce back.

Illicit financial flows hinder development in Africa – the UN must rise to the challenge of ending this

IFFs are strongly linked to corruption, which can be orchestrated by the rulers themselves.

Nigeria’ll suffer from debt overhang if not careful – Chukwu

Nigeria slipped into a recession in the third quarter of last year. What do you think the economic outlook would be this year?

Gold extends decline on dollar strength as stimulus faces debate

Bullion down about 4% this year.

Islamic finance could reach $3.7 trillion in 2024, an opportunity for Africa

The takaful (Islamic insurance) sector is the last one with a share of 3% for only $51 billion of assets.

Organizing for the future: Nine keys to becoming a future-ready company

The pressure to change had been building for years.

Speech by Dr. Akinwumi Adesina, President of the African Development Bank Group at the One Planet Summit, Great Green Wall Investment Summit, January 11, 2021

The Great Green Wall is part of Africa’s environmental defense system — a shield against the onslaughts of desertification and degradation

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