Managers of Wealth Africa

How South Africa’s Economy Has Gained and Lost Over 25 Years

Unemployment rate hasn’t dropped below 20% since at least 2000

EBRD considers move to extend lending to sub-Saharan Africa

Support builds in EU capitals for more investment to stem migration to Europe

These Are Possible Candidates to Head Nigeria's Central Bank

Emefiele’s term runs out in June and he could be reappointed

Ghana’s pensions regulator is working to ensure about 11m informal sector workers have pension schemes

The National Pensions Regulatory Authority (NPRA) has said that it is putting measures in place to ensure that Ghanaians working in the informal sector are able to access a pension scheme.

Equity Bank trims staff by 392, workers miss out on share deal

The staff numbers and costs however may jump significantly as the firm goes on a shopping spree to buy four regional banks from London-listed Atlas Mara.

CEO Ade Ayeyemi keeps Ecobank on a cost-cutting diet

Except for the 2012 financial year, the group’s owners have only been rewarded for the capital they have contributed once in recent years: in 2015, with $69m paid.

Departing Hodnett gets to keep Absa shares

Also paid a long service award of a rather bizarre R5 000.

UN Secretary-General, AfDB Bank President to push development in Africa

Guterres signalled his strong support for the African Development Bank’s flagship ‘Desert to Power’ initiative, which is expected to provide electricity to 250 million people.

New laws threaten South African banks and the economy: Nedbank CEO

“Banks have a fiduciary duty to protect the deposits of their savers and investors and cannot use their funds to extend credit if they cannot be sure the loans will be repaid.”

Equity Group expansion plans to shoot value to Sh694bn

The negotiation is subject to shareholders and regulatory approvals including Central Bank, Competition Authority and Capital Market Authority.

South Korea Ready For More Partnership On Africa’s Economic Growth

Some of the range of business options for investments include agriculture, green growth, smart urban transportation management, and numerous business opportunities.

The World Federation of Exchanges Publishes Annual Sustainability Survey

This year’s survey also expanded the section on the United Nations Sustainable Development Goals (UN SDGs) to examine how exchanges are engaging with these targets.

Nigeria Sovereign Investment Authority more than doubled profit at N46.5b in 2018

Also, total assets recorded a growth of 16 per cent to N617.7 billion at year end, showing an increase when compared to the N533.88 billion of 2017.

UN Secretary General, African Development Bank President agree to strengthen ties and push development agenda in Africa

The two heads of institutions met following Adesina’s trip to the United States for the World Bank’s annual Spring meetings held in Washington DC.

Kenya inks $2.23 billion projects deal with China

Also signed was the operation and maintenance service agreement for the Nairobi-Naivasha segment of the standard gauge railway (SGR).

AfDB signs $50m agreement with Natixis to boost trade finance in Africa

The RPA will meet the growing demand of African markets for trade finance in key economic sectors such as agribusiness, health, services and industry.

HARRY JOFFE: The benefits of an offshore endowment policy

What are some of the advantages of using an offshore endowment policy with a South African insurer?

Abu Dhabi Fund To Deposit $250m Into Sudan’s Central Bank

The deposit is part of a $3 billion grant to Sudan announced by Saudi Arabia and the UAE earlier this month.

Zimbabwe scrambles to resolve cash crunch

The country faces a worsening economic crisis and partial liberalisation of the foreign currency regime has not brought a respite.

Credit Suisse Hit With Criminal Complaint Over Mozambique

The Swiss complaint is awkward for Credit Suisse, which has sought to downplay its ties to the oil- and gas-rich eastern African nation.

Regulation,Tax & Compliance