Managers of Wealth Africa

IGR rising but still falling short

The balance of NGN478bn was mainly revenue generated by state ministries, departments, and agencies (MDAs).

UBA plans new investments in Africa

Akinyemi also highlighted the bank’s dedication to nurturing Africa’s youth talent through entrepreneurship.

A modest rise in the deficit on the services account

This follows our previous note on the BoP

Higher trade surplus driven by reduction in imports

The trade figure comprises export and import trade positions of USD13.9bn and USD9.5bn, respectively.

Five big businesses closing down in South Africa

Experts attribute several factors to the growing pressure on businesses in South Africa.

The untapped power of hedge funds in South Africa

Hedge funds also often have low correlations to each other, as each hedge fund manager uses leverage, net exposure, and their long and short books differently.

Insurer, bank launch instalment payment for health cover premiums

For years, many households in Kenya, particularly in rural and lower-income areas, have faced financial barriers when accessing healthcare.

32 states got 55% of revenue from FAAC

BudgIT also noted that the total revenue generated by the 36 states rose by 31.2 per cent in 2023, from N6.6tn in 2022 to N8.66tn.

East Africa leads Africa’s economic growth despite public discontent

Despite positive economic indicators, high unemployment and the rising cost of living have sparked public outpourings of frustration in countries including Kenya and Uganda.

British International Investment announces $150m trade finance facility with Absa Group to support businesses across Africa

The facility will build on this to provide crucial trade finance to businesses across Africa, with a focus on sustainable and inclusive funding.

FG spends N29bn to repair damaged power towers

According to energy experts, it costs about N110m to fix each vandalised tower, and a cumulative N29.26bn to repair 266 towers.

Elumelu to co-chair New Africa Summit of Saudi Arabia’s future investment initiative

Themed “Infinite Horizons,” the FII aims to showcase how investment can drive a sustainable and prosperous future, gathering influential leaders to push the boundaries of human potential.

Expert Seeks Radical Transformation in Insurance Sector

Omo urged insurance practitioners to move beyond rigid, product-centric approaches

Big changes to interest rates coming soon in South Africa

JIBAR has long served as a benchmark for short-term interest rates, determining the pricing of financial instruments such as loans, bonds, and derivatives.

Two-pot withdrawal frenzy in South Africa

The company said that the total number of claims received currently sits at 226,000 and that it receives ~3,200 claims on a daily basis.

IMF sees stable but slow economic growth in Africa

The IMF Division Chief called for tight monetary policy and fiscal consolidation

Apex Group’s confirms commitment to Africa with launch of Annual Forum

The team on the ground will also share global trends in the asset-servicing industry and illustrate how clients can benefit from Apex Group’s global and product footprint.

Ecobank invests GH¢2.2m in AI skills for four educational institutions

Madam Atta-Fynn said that Ecobank Ghana PLC last year launched a 3-year programme with a global theme, “Transforming Africa through Education. ”

The Time Has Arrived for Capital Markets That Are Open to All

Yet, despite this tangible sense of optimism, entrepreneurs at the helm of some of the country’s most exciting, high-potential businesses struggle to find an easy way to raise capital to fund their growth.

Resilient FX inflow despite q/q decline

This sum represents the second-highest net inflow to the economy since Q3 '21

Alternative Investments