Managers of Wealth Africa

Zimbabwe’s big businesses are losing the fight for dollars

Retailers have been obliged to sell items at prices that are often significantly more expensive in US dollar terms than those same items for sale on the street.

Recapitalisation race: Top banks target $3bn fund in foreign capital markets

This came barely one month after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise.

Experts Sensitise Nigerians On Retirement Planning Strategies

The panellists shared invaluable insights and debunked the myth that significant capital is required to begin investing.

Monetary aggregates still rising

The growth rate slightly outpaced the 5% m/m growth in Jan ’24.

Japan Partners With SAPP To Boost Renewable Energy In Southern Africa

The Southern Africa region holds immense potential for renewable energy sources like hydro, solar, and wind power.

NGX Group commences strategic investment in Ethiopian Securities Exchange

The investment in the Ethiopian Stock Exchange reflects NGX Group’s confidence in the potential of Ethiopia’s rapidly growing economy and capital market.

Pension net asset value reaches N19.8tr

The fund has shown resilience amid tough economic conditions growing by N229 billion or 1.17 per cent in one month.

FCMB supports ReelFruit on sustainable manufacturing

Financed by FCMB, the 800-metric-ton manufacturing plant affirms Nature’s Bounty’s commitment to large-scale production and environmental responsibility.

Kenya’s top banks take up $4.7bn in fresh capital on new reporting standards

The fresh capital comprised Ksh486.89 billion ($3.71 billion) and Ksh132.34 billion ($1.01 billion) worth of core capital and Tier II capital respectively.

How Innovation Bridge is helping entrepreneurs build a zero-waste circular economy in South Africa

The Innovation Bridge Portal is run by the DSI in collaboration with the Department of Small Business Development (DSBS).

The biggest investors in South Africa

The latest survey also showed that 51 out of the 79 top asset managers achieved level b contributor status for BEE, an increase from the 49 out of 70 seen last year.

Most JSE shares fall in first quarter

Mining shares and a few property trusts are the only good performers, while problems at several smaller companies see their share prices crash.

Transcorp pretax profit jumps by 93%

Earnings per share appreciated to N40 compared to N19 in 2022, just as total assets grew by 20 per cent to N529.9bn in 2023.

Another blow for interest rate hopefuls in South Africa

Nedbank said its forecasts are generally in line with those presented by the SARB

The Impact of Insecurity in Railway Transit

This is due to its crucial role in supporting local supply value chains and promoting ease of business in general.

Nigeria’s insurance industry recorded robust growth in 2023 —NAICOM

The growth recorded in all key areas was attributed to the regulatory landscape

Steady increase in FAAC disbursements

The monthly rise in revenue distribution was mainly due to higher exchange rate gain, which more than doubled m/m to NGN607.4bn.

A further rise in public debt

The data shows that Nigeria's overall debt burden increased by +11% q/q to NGN97.3trn in Q4 '23.

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.

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