Managers of Wealth Africa

AfDB chief joins global push to turn youth into economic powerhouse

The Council brings together heads of international financial institutions, ministers, and business executives to create jobs through impactful investments.

Great Nigeria Insurance rebounds with N2bn profit

The 2022 transiting figure for Insurance Revenue stood at N2.6bn, but it dropped in 2023 by 3.8 per cent to N2.5bn.

Big changes for Eskom board

Cabinet welcomed Eskom’s return to profitability after the entity reported a R16 billion profit after tax for the financial year ending March 2025.

South Africans finally have an easier, cheaper way to move money internationally

Fees are inexplicably high, and without proper guidance, a simple mistake can delay your transfer by days – or even weeks.

RMB named Fastest Growing Asset Manager at Bafi Awards

Speaking on the recognition, the Managing Director of RMB Nigeria Asset Management, Kike Mesubi, said the achievement underscores the company’s dedication to excellence and client satisfaction.

Pension funds rise to P158.2bn

The decrease was associated with government’s direct access to a P3 billion loan from the Botswana Public Officers Pension Fund (BPOPF), approved on March 13.

African Development Bank and ITFC align strategies to unlock Tanzania's investment potential

The two parties agreed on the clear demonstration of a strong potential for impactful cooperation, she concluded.

Good news about Woolworths

The restructure is reconfiguring the CRG operating model and resetting its structural economics as a standalone business.

South Africa in survival mode

The number of transactions cleared through PayInc reached an all-time high of 181.1 million

Cash is still king in South Africa’s R900 billion ‘hidden’ economy

The research marks a significant step towards crossing the barrier between South Africa’s formal and informal markets.

JSE boss urges investors to back small and mid-cap firms

South Africa needs more ‘speculative, open-minded’ investors to help power these engines of growth.

African Development Bank and Saudi Institutions Deepen Partnership to Boost Investments in Africa

Both sides described the meetings as marking a new chapter in the Saudi-African Development Bank’s relations, aimed at advancing sustainable growth and job creation across Africa.

Ghana’s economic recovery hangs on gold prices – Fitch

“A gold price dip would significantly reduce Ghana’s dollar earnings from its largest export,” the report said.

South Africa’s largest insurer hit with R10 million fine

In March 2024, the FSCA inspected SCI in terms of Section 45B of the FIC Act and saw several issues with compliance with the FIC Act.

Half of GTCO’s African banking units see profits drop to $223m as costs surge

Group’s first-half performance comes before historic London listing

Ecobank Ghana to offer flexible mortgage options at Ecobank JoyNews Habitat Fair

The bank emphasized that it will provide tailored financial guidance and flexible mortgage arrangements for visitors

Four Decades of Partnership: “Germany Implemented Projects Worth €1.8 Billion in Mozambique”

We consider Mozambique a reliable partner and have political, economic, and cultural relations, with many Mozambicans currently living and studying in Germany.

Dubai-based finance company heading to the JSE

The Dubai-based company enables access to financial services for millions of underbanked individuals across 38 countries.

World Bank dismisses Nigeria’s single-digit inflation target

At the CBN Governor’s Annual Lecture Series at the Lagos Business School, held last week in Lagos, Cardoso said a single-digit inflation rate remains its medium-term target.

Storm brewing at the SABC, and South Africa’s richest city puts mafia groups in the crosshairs

The rand, which is sensitive to changes in global risk sentiment, traded at 17.2500 against the dollar, just slightly down from its Friday close of 17.2475.

Alternative Investments