Managers of Wealth Africa

Ambitious budget plan amidst significant risks

The budget anticipates net revenue accruable to the Federation Account of NGN58.8trn

FirstBank hosts inaugural China-Africa interbank forum

This initiative was driven by the need to address the funding gap in Africa for industrialisation, infrastructure, and poverty alleviation.

It doesn’t look good for the NHI in South Africa

The worst performing province, which achieved an average rate of compliance of 15.89%, is the Northern Cape

Wema Bank Empowers over 40 SMEs for Global Success

Participants gained a comprehensive understanding of the export process, including the financial needs of exporters, global buyer expectations, and identifying potential international buyers.

R26,000 hit for some pension fund members in South Africa

Minister Godongwana revealed that as of 31 March 2024, only 108 of the country’s 257 municipalities were compliant with pension fund payments.

WAICA Re launches AFIN Bank UK

New £23.5 million venture bridges African expertise with international markets

Unrelenting rise in domestic debt

This implies increases of 9% q/q and 39% y/y.

External debt surges on naira volatility

Regarding composition, the Federal Government of Nigeria is responsible for approximately 89% of the country's total external debt.

FX Shortages Drags Financial Score

The current level of the FX reserves is close to the highest it has been since December 2021

Afreximbank delivers strong financial results for the nine months ended 30 September 2024

The Group’s profitability for the nine-month reporting period met expectations and showed significant improvement over the previous year, underscoring its resilience and operational efficiency.

The Role of Flexible Employee Benefits in Navigating Financial Strain

Knowing that, Old Mutual expected its clients to withdraw an estimated R14.2 billion from their retail retirement products and occupational schemes when the Two-Pot System went into effect.

Cost of living shock for South Africans

Encouragingly, some positive developments emerged during this period.

South Africa still ‘junk’

Analysts have noted that meaningful improvements in these ratings remain a distant goal.

Financial Narrative launches financial services consultancy in South Africa

Launching the Financial Narrative Agency Network is a natural evolution of this, enabling us to bring together leading independent agencies who are not just market leaders, but true innovators in their fields

Steady increase in external reserves

Excluding brief depletions in both Apr and Aug ’24, the gross reserves have steadily increased since the beginning of the year

Big work from home shift in South Africa

This can already be seen as, so far in 2024, real estate investment trust (REIT) returns are up in excess of 50%.

The 4 jobs hit with double-digit pay cuts in South Africa

Technological advancements provide a clear example of how demand impacts salaries.

Afreximbank close to deals with two local banks

Mwaba said Namibia has not had the opportunity to host this event before.

African Development Bank wins prestigious award for its innovative Adaptation Benefits Mechanism

The African Development Bank is already implementing demonstration projects

H1: Banks’ Average NPL Ratio Maintains Downward Slide Despite Inflation, Interest Rate

The hike in inflation rate has seen the Central Bank of Nigeria (CBN) under Mr. Yemi Cardoso raise the monetary policy rate (MPR) five times in an effort to curb the menace and promote economic stability.

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