Managers of Wealth Africa

Net forex inflow fell to $14bn in Q3 – CBN

This was released by the Central Bank of Nigeria in its third-quarter economic report published on Friday.

Afreximbank and Ecobank partner to simplify trade and compliance for African businesses

With the collaboration, African businesses will benefit from seamless shared services across the two platforms

Africa Investment Forum 2024 Gains Global Influence with Record Number of Investors and Closes with $29.5 Billion in Interest

After three days of boardroom discussions, this year’s market days at the AIF generated $29.5bn in new investor commitments in projects spanning multiple sectors.

Over 1,000 businesses shut down in South Africa in less than a month

The death toll from children consuming poisoned food has risen to 38 from 22 a month ago, Tebello Mosikili, police deputy national commissioner said at the same briefing.

Activa Ghana, 1st insurance company to achieve ISO 27001:2022 certification

Our goal is to serve our customers by providing the best insurance solutions

Ghana spent nearly half of revenue on debt servicing in 5 years

In total, Ghana’s debt servicing between 2010 and 2022 amounted to GH¢189 billion, with a staggering 81% of that paid in the latter five years.

Understanding PE multiples: The sub-10 and over-20 clubs

The risks at the opposite ends of the market are simply not the same, with far more needing to go right for one ‘club’ than the other.

Money flooding back into South Africa

The net purchases were the first since the first three months of 2022.

African Development Bank Celebrates 60 Years of Transformative Impact in Africa Southern Region

With an active portfolio of 226 projects worth USD 11 billion, the Bank’s unwavering commitment to fostering sustainable growth and integration in Southern Africa is evident.

W’Bank plans $1.65bn loans for Nigeria next year

The second project, HOPE for Quality Basic Education for All, is expected to receive $553.8m in financing.

African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award

Dr. Adesina has demonstrated a significant impact on the African continent

Access Bank set to acquire 100% equity in South Africa’s Bidvest Bank

The statement noted that Bidvest Bank, founded in 2000, is a niche and profitable South African financial institution

Consolidation of EMEA Islamic banks to continue in 2025: Fitch

The banks are expected to maintain solid liquidity, adequate capital buffers

South African inflation expectations decline to three-year low

Lesetja Kganyago signaled this week that officials will proceed carefully on interest-rate adjustments, given the unpredictable outlook for the global economy.

Africa Investment Forum 2024 : strengthening public-private partnerships is key to financing infrastructure in Africa (leaders)

To attract private capital, collaboration between governments, banks and insurers is essential, added Manuel Moses, CEO of African Trade & Investment Development Insurance (ATIDI).

Alternative Investments