Managers of Wealth Africa

Forex market turnover hits N23.9tn on high investor activity

Analysts attribute this to the rise in investor activity and adjustments in the country’s foreign exchange rate.

IQ-EQ wins two prestigious awards in Africa

The Africa Global Funds Service Providers Awards celebrate the best in the financial services industry

Strong q/q growth of the insurance sector

This strong growth highlights the sector’s resilience, considering the current macroeconomic environment.

Nigeria headline inflation continues to rise

The persistent rise in consumer prices is primarily driven by rising food prices and elevated energy costs.

Sharp sequential decrease in capital inflow

The sequential reduction in capital inflow was driven by double-digit decreases in inflows from foreign portfolio investments and other investments.

A slower y/y growth in PSCE

This growth marks a deceleration from the expansion of c.27% y/y recorded in the previous month.

The woman running the biggest stock market in Africa – worth almost R20 trillion

Leading the JSE is a massive task, with the JSE’s all-share market cap currently standing at close to R20 trillion.

Beware these risks when planning for retirement

Liquidity risk arises when retirees need cash for daily expenses but find themselves forced to sell investments at a loss during market downturns.

Net forex inflow fell to $14bn in Q3 – CBN

This was released by the Central Bank of Nigeria in its third-quarter economic report published on Friday.

Afreximbank and Ecobank partner to simplify trade and compliance for African businesses

With the collaboration, African businesses will benefit from seamless shared services across the two platforms

Africa Investment Forum 2024 Gains Global Influence with Record Number of Investors and Closes with $29.5 Billion in Interest

After three days of boardroom discussions, this year’s market days at the AIF generated $29.5bn in new investor commitments in projects spanning multiple sectors.

Over 1,000 businesses shut down in South Africa in less than a month

The death toll from children consuming poisoned food has risen to 38 from 22 a month ago, Tebello Mosikili, police deputy national commissioner said at the same briefing.

Activa Ghana, 1st insurance company to achieve ISO 27001:2022 certification

Our goal is to serve our customers by providing the best insurance solutions

Ghana spent nearly half of revenue on debt servicing in 5 years

In total, Ghana’s debt servicing between 2010 and 2022 amounted to GH¢189 billion, with a staggering 81% of that paid in the latter five years.

Understanding PE multiples: The sub-10 and over-20 clubs

The risks at the opposite ends of the market are simply not the same, with far more needing to go right for one ‘club’ than the other.

Money flooding back into South Africa

The net purchases were the first since the first three months of 2022.

African Development Bank Celebrates 60 Years of Transformative Impact in Africa Southern Region

With an active portfolio of 226 projects worth USD 11 billion, the Bank’s unwavering commitment to fostering sustainable growth and integration in Southern Africa is evident.

W’Bank plans $1.65bn loans for Nigeria next year

The second project, HOPE for Quality Basic Education for All, is expected to receive $553.8m in financing.

African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award

Dr. Adesina has demonstrated a significant impact on the African continent

Access Bank set to acquire 100% equity in South Africa’s Bidvest Bank

The statement noted that Bidvest Bank, founded in 2000, is a niche and profitable South African financial institution

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