Managers of Wealth Africa

African Development Bank Vice President visits Angola to strengthen investment

With Vice president Quaynor, Guilherme discussed cooperation to develop financing mechanisms to boost investments by Angolan and foreign private entrepreneurs.

Kenya’s President Ruto awards African Development Bank’s Adesina highest national honour

“This will be a stand-alone financial institution, that will be 100 percent dedicated to providing technical assistance, debt and equity financing for youth businesses in Kenya.”

Transcorp Group Rides on Operational Efficiency, Agility to 188% Profit Growth

With an expanded asset base of N751.6 billion, up 42 per cent from 2023, and shareholders’ funds growing by 45 per cent to N271.7 billion, the company has strengthened its financial foundations for future expansion.

South African steel giant wants R3 billion bailout to avoid jobs bloodbath

Rescue talks with the government have failed to yield results and the operating environment has deteriorated amid high power and transportation costs and cheaper imports.

International giants want to invest more in South Africa

The survey analysed the member companies in the region, with many expected to pump money into South Africa over the next few years.

Double digit y/y growth in merchandise trade driven by FX devaluation

This resulted in a net trade surplus of NGN3.4trn.

Fiscal risks from oil production and price uncertainty

Nigeria's external trade balance and fiscal position depend on export earnings from crude oil and gas

PressPayNg boss bags African banking award

The company has been at the forefront of providing seamless financial solutions for youths, parents, and students

FG expands bond listings with over 900m units on NGX

With the new issuance, the total outstanding units for the 19.30 per cent FGN APR 2029 bond rose from 463.16 million to 768.52 million

Finance in Common South Africa Summit: new frontiers for development finance

These instruments play a crucial role in bridging the financial gap needed to achieve climate and development goals.

AFC chief pushes to unlock billions from African pension funds

Africa's low savings rates and shallow markets have stymied efforts to mobilise local pools of cash.

A m/m reduction in the FGN’s fiscal deficit in Nov ‘24

The reduction in the deficit was largely due to lower capital spending, driven by delays in capital releases.

Equity market sheds N476bn in one week

This accounted for 69.31 per cent and 58.90 per cent of the total equity turnover volume and value, respectively.

The R1,000 South African investment that would have made you a multimillionaire

The bank launched a mobile virtual network operator

Two South African giants team up

Ninety One is South Africa’s largest asset manager by assets under management, while Sanlam is the nation’s largest insurer.

Offshore equity in retirement

Exposure to international markets is important but not the be-all-and-end-all.

A deceleration in PSCE growth

This measure of PSCE covers lending by the entire banking system

Nigeria becomes an EBRD shareholder

Nigeria submitted a request to join the Bank in April 2024 and the Board of Governors approved its membership in May of the same year.

‘New gold’ for Harmony

The group said that this diversification strategy will result in higher margins through the continuous improvement in the quality of its portfolio.

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