Managers of Wealth Africa

Regency Alliance targets N932m Q3 profit

To bolster its core underwriting profit, Regency Alliance is relying heavily on its investment portfolio

Insurers are investing heavily in AI, yet many are still struggling to realise meaningful returns

That matters in a sector where AI is already affecting underwriting, claims, fraud detection, customer service, compliance and internal productivity.

Good governance comes before investment – SBG’s Goolam Ballim

‘Africa has never enjoyed such economic reverence.’

Nigeria’s FX market turnover crashes 46.57% to $1.63 billion second week of July

….FX Spot plunges $1.38 billion as Forwards halve; daily average collapses from $610.60 million to $326.22 million

Joburg to pay R2.4bn in debt to get R3.6bn funding reinstated

And plans bond sale to fund upgrades to infrastructure.

Airtel Africa hits N5,801 as NGX surges N3.45 trillion; YTD return reclaims 55% threshold

….ASI climbs 2.27% to 242,459.98 points as Oil & Gas leads five-sector advance; Fidelity Bank jumps 9.97%

Mild PCE growth amid a constrained outlook

This constrained credit expansion highlights the impact of the prevailing tight monetary policy stance, driven by the CBN’s elevated interest rates.

Standard Bank PMI Index: Business Activity Improved in June, But Recovery Remains “Fragile”

In June, the Mozambique PMI stood at the neutral level of 50.0, “marking a slight increase” compared to May, which indicates that “business conditions stabilized after slight deteriorations were recorded in the previous two months.&r

Nigeria’s private sector expands for fifth consecutive month in June

Output and new orders increased further during the month as firms reported stronger customer demand

Absa slides almost 7% on weaker trading update

Warns of margin pressure as African growth expectations weaken.

Standard Bank: Natural Gas Could Boost Economy by $11 Billion Per Year

To implement this project, an estimated investment of around $30 billion will be required.

BdM: Pension Funds Held 36.8% of the Capital Market in 2025

The report also notes that, “similar to the appetite for sovereign risk demonstrated by the banking sector, pension fund investments in the MVM are also concentrated in Treasury bonds

Oil output beats OPEC quota

The last time production surpassed this threshold was in July 2025

Mauritius’ MCB Plans Entry Into Côte d’Ivoire’s Banking Market

MCB’s interest in Côte d’Ivoire comes as the country’s financial sector continues to expand.

Africa Is Being Repriced

How Market Structure, Industrial Scale and the Next Wave of Digital Finance Are Reshaping Global Capital Allocation

Banco BiG Mozambique Reports Sharp Decline in Profits

The performance confirms a slowdown in the bank’s profitability in the Mozambican market.

Othman Benjelloun leads five Moroccan groups onto Forbes' top 100 Arab family businesses list

Othman Benjelloun's O Capital Group ranked 21st on Forbes Middle East's 2026 Arab family business list as Morocco set a new record with five entries.

Islamic Development Bank and Mozambique Prepare Financing Package Aligned With the 2025-29 Government Programme

During the discussions, the parties reviewed the status of projects currently financed by the IsDB in Mozambique

Otedola Strengthens Control of First HoldCo with New Investment

Femi Otedola has boosted the holding of First HoldCo Plc with 680 million shares acquired for close to N29.6bn

Mozambique Records Weak Economic Growth in First Quarter

The International Monetary Fund (IMF) recently announced that it expects the Mozambican economy to grow gradually by about 0.5%.

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