Managers of Wealth Africa

How much money you would have if you invested R1,000 in Shoprite, Woolworths, and Pick n Pay in 2015

Although all three groups provide essential goods to customers, their fortunes have varied dramatically since 2015.

Competition Tribunal approves Hollard's acquisition of Lombard Insurance

The Competition Tribunal said that following the implementation of the proposed merger, Hollard will have sole control of the target business.

Investors stake N2.41tn in treasury bills auction

The CBN allotted N34.77bn, while the top rate dropped to 17 per cent, lower than the 18 per cent in the previous auction.

One of South Africa’s biggest companies technically insolvent

Cell C’s technical insolvency is not new, but the group’s position has worsened compared to the prior six-month period, where its negative equity was -R3.2 billion.

Inflation drop: Experts demand lower interest rate

The NBS on Tuesday declared that Nigeria’s headline inflation dropped to 24.48 per cent in January 2025 following the rebasing of the Consumer Price Index.

SA budget under added scrutiny given Trump aid tensions

The country’s path toward fiscal consolidation is now in the context of ‘a very uncertain world’.

Female owned businesses secured a larger share of loans in 2024 – Bank of Ghana

Similarly, loans to male borrowers and male-owned businesses rose modestly by 14.3 percent, from 8,782 in Q4 of 2023 to 10,037 in Q4 of 2024.

South Africa must take bold steps

Steps it could take to achieve this include wage discipline, accelerating reforms at struggling state-owned enterprises and tighter control of government procurement

Finance Minister Enoch Godongwana wants R300 billion more from South African taxpayers

The finance minister uses his Budget Speech to indicate the allocation of financial resources to the national government’s priorities.

Sequential decline in domestic debt service cost

The primary reason was a noticeable decline (-25% q/q) in the interest cost on FGN bonds

A m/m reduction in Nigeria’s gross official reserves

The decrease in January is significant, as it marks the sharpest attrition in the reserves position since Apr ’24

The start of the NHI in South Africa

Motsoaledi said that this was a deliberate and strategic move, ensuring that the chosen sites play a critical role in the scheme’s success.

Prudential considers listing India's ICICI Prudential Asset Management

It means Prudential is now focused on Asian and African markets.

World Bank Commends Zambia’s Reforms and Investments

Mr. Kibwe said the Bank also wants to explore how the partnership with Zambia can be strengthened.

The West African Development Bank “BOAD” leads the way in innovation

This transaction attracted significant and diversified investors driven by the strong credit profile of BOAD

South Africa's ambitious 3% growth target sparks mixed reactions

Economists argue that the SA economy is capable of even much higher economic growth than 3% if the right choices are made

Zenith Bank lists 9.67bn shares as equity market gains N477bn

This development comes as the Nigerian equity market opened the week on a bullish note, recording a N476.99bn gain in market capitalisation despite a marginal decline in the All-Share Index.

FBN Holdings stock gains 17.65%, emerges best performing tier-one bank

Closely following was Access Holdings, which gained 17.4 per YTD from N23.85 per share to close at N28 per share.

AfDB dissatisfied with $210m Nigeria agro-industrial zones project

It reveals that of the total loan amount of $210m, only 1.61 per cent has been disbursed as of December 2024.

Kenya's forex reserves hit new high on stronger shilling, high inflows

This surge, along with disbursements from the International Monetary Fund (IMF), has contributed to the buildup of foreign exchange reserves, according to Central Bank Governor Kamau Thugge.

Alternative Investments