Managers of Wealth Africa

Tips for reducing expenses in tough economic times

According to NBS, the National marginal propensity to invest is 0.257, indicating that poor people in Nigeria experience just over one-quarter of all possible deprivations.

South African Billionaires See Rapid Wealth Surge Amid 2024 Market Volatility

The top six wealthiest individuals in the country have collectively gained $4.6 billion.

Africa must grow at double digit for 10 to 20 years before millions are taken out of poverty – Adesina

Real GDP is still not as high as we want.

Cost of Living City Ranking 2024

Mercer’s annual Cost of Living City Ranking provides valuable trends and insights for those who need to make informed decisions about global mobility operations

Elevated inflation expectations

The modest increase in April

Ecobank CEO Jeremy Awori: Diversified markets have been our strength

The challenges have stemmed from the diversity and complexity of issues that the bank, along with the entire global economy, has been facing in recent times.

SPAR takes a big hit

SPAR’s total turnover, including Southern Africa, Ireland, South West England and Switzerland, increased by 7.9% to R77.2 billion.

“Africa will be the pivotal continent in the world, given its economic prospects”—African Development Bank Group President

Adesina outlined the resilience of Africa’s economies despite global challenges

How stable is SA’s financial system?

Xhanti Payi from PwC considers whether there’s any need to panic in the wake of the election and the recent Fitch cautionary.

Cloudy with a chance of interest rate cuts for South Africa

Effectively, the story for 2024 will be one of two different halves.

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.

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