Managers of Wealth Africa

Services sector highest driver of Ghana GDP to 4.7%

The GDP share of Industry and Agriculture were 30.6% and 23.8%, respectively.

Private businesses pulling billions out of South Africa

This marks a notable 6.6% decline from the second quarter of 2023, a period when investment levels had finally surpassed pre-pandemic levels for the first time since the onset of the lockdown.

UNDP, World Bank call on Botswana to allow private sector to lead economy

"There is a need for the government not to create more state-owned enterprises but allow the private sector to take the lead," said Wang

Global inflation remains on a mixed trend

The lower inflation reading was mainly driven by reduction in energy costs.

Artificial growth in merchandise trade

The total merchandise traded comprised export

Trouble for homeowners in South Africa – even in complexes and estates

Lightstone highlighted that properties are selling for much less than owners had anticipated.

How Godfrey Favour is helping individuals build, manage wealth through Atus West Africa

The company’s vision is brought to life through a sophisticated, scalable operating system that supports a diverse array of investment strategies across various industry sectors, asset classes, and geographies.

South Africans are turning to gold

The bank holds over R1 billion work of coins in its portfolio on behalf of its clients.

Retiring early in South Africa – the popular method with a big catch

The programme calls for extreme savings and investments that allow people to retire earlier than a traditional pension plan would allow.

Sharks are on the prowl in South Africa

Loan sharks usually target vulnerable consumers who lack access to traditional banking services and are becoming more creative in their scams.

Modest uptick in sectoral fx utilisation

The modest quarterly growth was primarily driven by a +55% q/q increase in fx usage for invisible imports

South Africa’s millionaire investment bosses

According to Alexander Forbes’ latest Survey of Retirement Fund Investment Managers, Ninety One remained the largest private asset manager in South Africa, followed by Stanlib and Coronation.

Dynamics of the global oil market

This move aims to stabilise the oil market amidst weak demand, elevated interest rates, and rising US oil inventories.

Interest rate pain for South Africa to stick around

Cutting before the US could see the rand weaken as investors seek higher, guaranteed returns.

Collateral-free lending: A gateway to enterprise growth

By the end of the first quarter in 2023, the Interest Rate Indicator of the Bank of Ghana showed an average lending rate of 35.87% among commercial banks.

Investors holding their breath with South Africa

The third consecutive monthly increase in the BETI could be an early signal that the economy’s performance in Q2 will surpass Q1.

Ghana loses $1.4b a year to illicit financial flows – First Deputy Speaker

APNIFFT is a flagship programme coordinated by Tax Justice Network Africa

Bank recapitalisation will boost capital market – ASHON chair

Onukwue praised the CBN’s move, noting that the increasing risks faced by banks, exacerbated by macroeconomic challenges, necessitated a stronger capital base.

Afreximbank disburses $40 million to support Fidelity Bank’s acquisition of Union Bank UK

With this acquisition, Fidelity Bank is able to birth a new pan-African financial institution capable of providing correspondent banking and offshore banking services to banks in Africa and servicing the banking needs of Africans in the diaspora.

Major R2 billion solar project kicks off in South Africa

The project was first awarded to the consortium through Bid Window 6 of the REIPPPP.

Alternative Investments