Managers of Wealth Africa

Big problems ahead for rich South Africans

“Easing inflation will likely lead to higher consumer disposable income levels and higher real wage growth,” Momentum said.

Middle class hanging on by a thread in South Africa – and cutting interest rates won’t help

Standard Bank predicts that there will only be a slight moderation in inflation in 2024, with an average of 5% throughout the year.

Novare to enter Angola, expand Nigerian business amid positive reforms

The economy will also get a boost from expanding a 1,300km railway line connecting the port town of Lobito to the Democratic Republic of Congo and the Zambian Copperbelt.

Win as world’s largest asset management firm picks NSE

Blackrock actually made an investment into the equities

Interest rates in South Africa this week – the best you can hope for

Most market analysts expected a flat or slightly higher reading between 5.3% and 5.4%, with only a few outliers predicting a higher figure.

Tinubu okays infrastructure devt fund, FG eyes $25bn annually

According to the Presidency, the fund will also identify appropriate approaches in its investment strategy

Kenyan banks face pressure as African giants invade turf

Capital Market analysts predict that their entry in local market will bring new dynamics.

Afreximbank hunts for local staff…as US$80m ATC set to begin operations in Zim

Companies must express their interest by March 29.

Considerable ground to cover for pension coverage

This growth marks the strongest m/m growth rate of pension assets in recent months.

African Development Bank and Mozambique strengthen partnerships to boost regional infrastructure development and trade

The Mozambican government expressed gratitude for the Bank’s continued support for regional integration and green industrialization in Southern Africa.

This is the average take-home pay in South Africa right now

Although mediocre economic growth is forecast for 2024, it should still be better than 0.6% in 2023.

GHIB steps up efforts to bridge US$100bn trade finance gap

GHIB’s unique value proposition, Mr. Adansi explained, stems from its position as a London-based bank with deep Ghanaian roots, with the Bank of Ghana as the principal shareholder.

NCBA taps Sh6.7bn Proparco loan for SMEs, green financing

Proparco is a subsidiary of Agence Française de Développement (AFD) Group

Naira depreciation pushes Nigeria’s imports to N35tn

It increased to N9tn in the third quarter and again to N14tn in the fourth quarter.

Major changes coming to the JSE

JSE CEO Leila Fourie said the deal is a step toward partnering with a company that’s collaborating with some of the world’s biggest stock markets, such as the US’s Nasdaq and the London Stock Exchange.

GhIPSS CEO receives lifetime achievement award at Ghana Fintech Awards

Mr. Hesse’s journey with GhIPSS began 17 years ago, when he joined as the General Manager overseeing Projects and Business Development.

New pension system in South Africa – avoid this big ‘don’t’

A third vested pot will hold most of the retirement savings until the two-pot system is launched and will follow current legislation.

A trade deficit in Q4 driven by higher imports

The higher trade value in Q4 relative to the previous quarter was primarily driven by a marked rise of 56% q/q in the value of imports to NGN14.1trn.

Investors seen pressing for higher return on 10-year bond

The CBK took the rare step of setting the 10-year bond’s coupon before the sale, departing from the routine of letting the market decide the return.

FEAD Ghana encourages women to go out and shine

Women who have moved ahead in life need to share their stories with more women around them.

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