Managers of Wealth Africa

The one group of South Africans facing financial disaster

This age group makes up nearly half the population, with close to 30 million South Africans under the age of 24.

Inside Nigeria’s banking system where the blind are denied inclusion

The resulting Stevens–Johnson Syndrome ravaged her young body, attacking her skin and mucous membranes. When she woke up, she could no longer see.

Strengthening relationships through joint accounts

This article explores key steps anyone can take to establish and maintain financial clarity through joint accounts, helping prevent conflicts, promote honesty, and strengthen partnerships of all kinds.

African Development Bank launches inaugural Dual Tranche issuance consisting of new USD 2 billion 3.875% 3-year Global Benchmark, and new USD 1 billion 4.5% 10-year Global Benchmark

The dual tranche transaction benefitted from a strong reception amidst a busy primary market, with oversubscription recorded at 2.9x on the 3-year tranche and 5.1x on the 10-year tranche.

World Bank retains Nigeria’s growth at 3.6%

It warned that global growth could be weaker than projected if global trade tensions were to escalate further.

Financial tips for UK expats moving back to South Africa

For the same income, South Africa offers families better homes, an affordable lifestyle, and access to good schools.

S&P says South Africa needs faster growth to secure rating upgrade

At its most recent review of South Africa last month, S&P affirmed the sub-investment grade 'BB-/B' foreign currency rating and maintained a "positive" outlook.

Credit environment to remain tight in the near term

The contraction in credit supply reflects banks’ tight risk management policies targeted at reducing asset quality risks amid rising macroeconomic challenges.

Risk-adjusted yields most attractive at the short end

The m/m growth in AUM was also supported by an increase of around NGN20bn in the value of corporate debt to NGN2.3trn, increasing its percentage of total AUM by 10bps m/m to 10.1%.

Ghana’s Small-Scale Gold Output Rises 70% in 2024

Small-scale miners contributed 39% of this output, up from 28% the previous year. Large-scale mining accounted for 61%, down from 72%, with 2.9 million ounces produced.

Smart ways to shield your savings from inflation

Inflation is the general increase in prices and the fall in the purchasing power of money over time.

“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.

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