Managers of Wealth Africa

World Bank raises Nigeria’s 2026 growth forecast to 4.3%, sees 4.4% in 2027–28

The World Bank expects Nigeria’s economic expansion to strengthen over the next three years as the impact of economic reforms and improved macroeconomic management becomes more evident.

Is Sanlam too late to the bank party?

There are real risks to entering the market nearly eight years after Discovery.

Two foreign banks apply to enter Ethiopia through greenfield investments

The development is the first clear indication that Ethiopia is beginning to dismantle its five-decade-long restriction on foreign participation in commercial banking.

Forbes’ World’s Best Employers 2026: No Ghanaian firm ranked among 900 companies

Six of the top 10 firms were from the banking and financial services industries.

Disturbing insurance trend emerging in South Africa

In these cases, beneficiaries are accused of orchestrating or participating in the deaths of policyholders to gain access to life insurance proceeds.

FGN bond allotments rise 106% to N7.15 trillion in nine months

The strongest monthly increase was recorded in June

Money flooding out of South Africa

The last time the RSI dipped below 30, that preceded an 11-month, 57% rally that only came to an end at the outbreak of the Iran war.

Nedbank in hot water, and what the new ID for South Africans will look like

Data from Naamsa showed that new vehicle sales rose by 12.7% year-over-year in September, up from 11.4% growth in August.

Standard Bank Angola marks entry into the equity market with ‘ring the bell’ ceremony

Standard Bank Group CEO, Sim Tshabalala, visits Luanda to commemorate the milestone.

Ex-Woolies CEO can net nearly R90m in incentives after retiring

And was paid a performance bonus of R6.5m for last year.

Nigerian equities lose N469 billion as banking stocks drag market lower

Investors traded a total of 548,646,300 equity shares valued across 47,203 transactions.

Strong trade balance in Q2 ‘26

While both exports and imports recorded growth, the increase was primarily driven by a strong performance in exports

IGR y/y gains highlight significant growth potential

This was followed by revenues generated by state ministries, departments, and agencies (MDAs), while other key revenue sources included withholding tax and other taxes.

GTCO’s pre-tax profit hits N603 billion, declares N1 interim dividend

The Board also proposed an interim dividend of N1.00 per ordinary share on the issued capital, payable to the Shareholder on the register of shareholding at the closure date.

FG engages World Bank for fresh $1.5 billion loans

The first is an additional $500 million credit for the Agro-Climatic Resilience in Semi-Arid Landscapes project, known as ACReSAL.

Move from remittances to investment - Mahama urges Ghanaians abroad

He said record remittances of $7.8 billion in the past year were a vote of confidence in the economy and must be built upon with structured investments.

AfDB crisis response framework: up to $5.1bn for energy and fertiliser shocks

Emergency and trade finance to keep energy and fertiliser supplies moving sits at its centre, alongside support for essential public spending in the countries worst affected.

NAICOM shifts focus to claims, technology and growth after insurance recapitalisation

According to Omosehin, the industry must now show tangible results from the additional capital raised

NGX market capitalization hits record N163.06 trillion as ASI rises 0.23%

Correspondingly, the benchmark NGX All-Share Index (ASI) appreciated by 0.23% (+576.36 points) to close at 251,191.02 points, marking its highest index level for the trading week.

Afreximbank, ATDC sign $500 million Global Credit Facility to expand African trade

The development was disclosed in a statement issued on Monday by Vincent Musumba, Communications and Events Manager at Afreximbank.

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