Managers of Wealth Africa

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.

FTSE Russell reclassification fuels Nigerian equities to record 60.76% YTD gain

…. Ignites passive fund flows as NGX extends eighth consecutive winning streak

Foreign reserves gain $12.76 billion in one year, add $708 million in September

The improvement in reserves comes alongside stronger foreign capital inflows into the Nigerian economy.

Credit: Absa Bank Mozambique on Responsible Consumer Lending

When properly matched to a person’s circumstances and financial capacity, however, it can be a tool for bringing forward projects, achieving objectives, and creating the conditions for a more stable and secure life.

Nigeria: African Development Bank and ICPC strengthen integrity and accountability in Bank-financed projects

Anele Ncube, Division Manager, PIAC, emphasized the importance of engaging directly with project teams to better understand implementation realities and strengthen accountability mechanisms.

South Korea, Africa pledge deeper AI partnership to accelerate continent’s digital transformation

The Action Plan focuses on developing AI across sectors, including health, agriculture, capacity-building and governance, with a view to contributing to the continent’s transformation.

Nigeria’s exports to Africa hit N10.72tn amid naira illusion

The trend comes amid the Federal Government’s push for non-oil exports and the entry of the Dangote Petroleum Refinery into the export market.

Turning East Africa’s Growth Into Bankable Assets

Fast GDP gains are just the start as investors target deeper capital markets and regional value chains.

Why Nigeria’s forex reserve is swelling

A former Access Bank Treasury official, who also asked not to be named, said it may be difficult to identify a single source responsible for the reserve accumulation.

Nigeria’s capital challenge is finding bankable opportunities

Contributing to the dialogue, the Director-General of the Northwest Governors Forum, Maryam Musa Yahaya, stressed that state governments must actively engage investors to resolve specific structural bottlenecks, including power, regulatory friction, and s

Alternative Investments