Managers of Wealth Africa

Investors pour billions into unit trusts as Kenya’s fund sector nears Sh1 trillion

Kenya’s collective investment sector added Sh97 billion in three months, driven by strong growth in money market, special and foreign-currency funds as.

FTSE Russell Adds Wema Bank, Nine Others to Frontier Index Series

Nigeria is preparing to return to Frontier Market status on September 21, 2026 after a three-year absence from the global index provider’s classification.

Access Bank Tops Nigerian Lenders in Africa’s Top 30 Ranking at $30.4bn

Access Bank Group leads the Nigerian pack at No. 14 in Africa, with $30.4 billion in total assets, making it Nigeria’s largest bank by asset size.

Moroccan banks continue continental surge

Moroccan banks are combining digital rollouts with cross-border investment, while benefiting from a domestic investment boom.

NGX Megacaps gain N46.69 trillion in market value in eight months of 2026

Megacap stocks are companies with a market capitalization of N5 trillion and above. Based on this threshold, only nine companies on the NGX qualified as megacaps as at the last trading day in August 2026.

Stock Market Gains N1.22trn to Commence September on Positive Note

Similarly, the market capitalisation value rose by N1.22 trillion to close at N158.956 trillion against N157.739 trillion it closed for trading the previous day.

Major American bank betting on a win for South Africa

Goldman’s analysis suggests scope for the government 10-year local-currency yield to fall more than 100 basis points to 7.6%

Nigerian equities extend rally, gain N1.91 trillion as ETI, Access Holdings lead advance

Market capitalisation increased to N157.74 trillion from N155.83 trillion while the market’s year-to-date return strengthened to 56.93%.

Cape Town seals first agreements to buy power at below Eskom rates

Two 20-year contracts will deliver savings of around 20%.

Economists Warn State Is Being Financed by Private Sector Through Unpaid Debt

According to the Ministry, the amount covers various components of supplier arrears, including values still subject to verification and validation processes before formal recognition and payment.

PenCom: 91.4% of Nigeria’s personal pension accounts remain unfunded

The figures also showed that PPP contributions reached N147.16 million in the first quarter, taking cumulative contributions since inception to N1.66 billion.

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”.

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