Managers of Wealth Africa

CBN cuts T-bill rate amid N3.63tn demand

The auction results point to a significant shift in investor appetite towards longer-dated government securities, even as demand for shorter-tenor instruments remained subdued.

Nigerian equities sell-off stretches to 11th straight session, wiping out N260 billion

The market’s decline was largely driven by renewed weakness across banking, healthcare and consumer goods names.

Mozambique H1 Inflation Hits 4.57%, Exceeding Budget Target

These increases occurred against a backdrop of climate shocks recorded in the first quarter, particularly in the southern and central regions of the country, which disrupted agricultural production and the supply of several goods.

GMAP: How UBA is Strengthening Africa’s Future Leadership Through Excellence, Enterprise and Execution

For Thomas, whose reflection captured the wider purpose of GMAP, the graduation was more than the end of an intensive training programme.

These investors own 46% of the entire market value of the NGX

The research identified ten mega-cap stocks — defined for this analysis as companies with a market capitalisation of at least N5 trillion — where major shareholders own significant portions of the outstanding shares.

Nigeria’s external reserves surge $7.09 billion YTD to hit $52.66 billion

Reserves dipped by $855 million between April 1 and May 7, falling from $49.18 billion to a period low of $48.33 billion.

Gold Fields flags Ghana licence risk as half-year profit surges

CEO Mike Fraser said the uncertainty was affecting how investors value Gold Fields, whose shares he said were trading at a discount to its peers as a result.

Tax Ombud, OGFZA Collaborate to Deepen Investor Confidence, Attract FDI

These efforts, he said, would contribute to increased voluntary tax compliance and a higher tax-to-GDP ratio, which is critical to national development and consistent with the Renewed Hope Agenda of President Bola Ahmed Tinubu.

End of an era for iconic R12 billion retailer in South Africa

It added that it is in “advanced discussions with a prospective buyer, with the due diligence process ongoing”.

Business wants to help City of Joburg, but after the elections

A ‘credible counterparty’ is needed in the city.

Nedbank CIB helps structure Harmony’s $1.25bn financing for international growth

Multi-currency, sustainability-linked facilities bring Harmony’s South African and Australian financing needs into a single structure as the miner expands into copper.

Nigerian equities sell-off deepens across major sectors, wiping out N5.4 trillion in 8 days

… Energy, Insurance, Banking stocks face renewed selling pressure

Equity Group's Profit Jumps to Record KSh 45.5 Billion as Bad Loans Fall

The latest acceleration was supported by both funded and non-funded income rather than a single earnings line.

Insurance Sector: Investment income, not core insurance operations, drives H1 2026 profits

This means investment returns exceeded core insurance profits by about N13 billion, or nearly 20%.

Fortuna Capital enters Nigeria’s wealth management market

Fortuna Capital is built to serve the investment needs of individuals, corporates, institutions and high net-worth clients, offering portfolio management, investment advisory and related services designed around each client’s goals and risk appetite

MENA investors drive new demand for Cayman structures

For many investors in the region, however, access to capital comes with specific requirements.

South Africa’s biggest asset manager buys a big piece of Johann Rupert’s company

The acquisition gives Ninety One a significant position in one of South Africa’s largest and most diversified investment groups.

Cedi long overdue for security refresh – Mahama

He added that security features on banknotes must be updated from time to time to keep pace with counterfeiting techniques.

‘Africa needs capital, markets for startup growth’

“Africa needs a complete financing architecture.

Rising domestic borrowing amid expanding fiscal needs

The trend remains firmly upward, with the FGN's domestic debt stock increasing by 3.0% q/q and 10.7% y/y,

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