Managers of Wealth Africa

Ghana is closing in on a deal with bilateral creditors to restructure debts – World Bank

Mr. Laporte has made this assertion on the yet-to-be-aired Business Edition of PM Express.

Digital lender MyCredit secures Sh460m funding

The firm’s CEO Wangaruro Mbira said the company has disbursed 11,014 loans across the country with a total value of Sh7.9 billion over the past seven years and has 21 branches.

One year T-bills rise to 16pc as investors seek better returns

The results of the weekly Treasury bills auction showed that the average rate demanded by investors on the 364-day paper stood at 16.41 percent, up from 15.79 percent the previous week.

Why Kenya faces slim savings in Sh46bn early Eurobond repayment

The government announced that it will make a partial redemption of the 2024 bond by the close of this month, buying back $300 million (Sh46.1 billion) worth of the securities that were issued at an interest rate of 6.875 percent.

The businesses worth R750 billion – that pay zero tax in South Africa

The largest portion of the informal economy comprises small spaza shops and superettes, which do not pay tax.

Nigeria’s industry is rising to the twin challenge of decarbonisation and energy security

In most places in Africa, the development of renewable energy capacity is a very competitive solution that industrials can adopt to lower their environmental impact and energy costs

Businesses in South Africa are playing the waiting game

S&P Global said that both input and output costs rose at their softest rates since December 2020.

Eskom wants R16 billion bailout conversion

Having the government take a stake in the company would lessen a debt-service burden that’s prevented Eskom from carrying out adequate maintenance.

More Cape Town developments in Divercity’s sights

On this weekly Moneyweb show we gain insider insights from leading executives, analysts, developers, and entrepreneurs in SA’s expansive property industry.

Investors gain N130bn amid moderation in trade volume, deals

Meanwhile, the total traded value for the day appreciated by 52.54 per cent to N5.88bn from N3.85bn on Monday.

Business Daily’s Top 40 under 40 men feted

The 40 men were feted at the Nairobi Serena Hotel where each was awarded a lion head sculpture trophy and various other goodies.

A decrease in the external reserves in Nov ‘23

Total reserves as at end-Nov '23 covered 7.7 months of merchandise imports on the basis of the balance of payments for the 12 months to Jun '23 and 5.7 months when we add services.

Troubled matatu insurer tops unpaid claims

Invesco managed to settle only 61,906 claims in the quarter that ended September, closing with a claims payment ratio

PFAs make N8tn profit from pension investments

The pension operators disclosed that workers’ contributions were judiciously invested, and the returns were added to the workers’ pension savings

South Africa’s property market on life support after a tough 2023

The FNB House Price Index growth averaged 0.5% y/y in November, virtually unchanged from October.

Ghana government increasing to 100% domestically financed capital expenditure worrying – IFS

He warned that if the move is politically motivated, some of the expenditures were likely to be inefficient

Good news for pensions in South Africa

Finance Minister Enoch Godongwana then wrote to the committee with a compromise – moving the implementation date to 1 September 2024.

Yet another twist for South Africa’s new pension system

This is designed to ensure that South Africans can access some funds in case of emergency while preserving the majority of funds for retirement.

Good news for interest rates in South Africa

The slowdown in both indicators may be signaling strain in households and corporates’ finances from higher interest rates.

Signs of life for one of South Africa’s most important sectors

Main contractor confidence was unchanged at 41 in 4Q2023

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