Managers of Wealth Africa

A further drop in Nigeria’s inflation rate

The lower reading follows what appears to be a sharp drop in January’s inflation from 34.80% y/y in December 2024

R47 billion disaster for South Africa looms

Those funds would have unlocked a further $2.1 billion from multilateral development banks and other sources of financing.

A m/m drop in capital imported in Nov ’24

In terms of composition, portfolio investments remained the largest contributor

R4.5 billion two-pot retirement surge in South Africa

The company’s investment return more than doubled to R595 million.

African Development Bank mulls $500 million facility to mobilize financing for smallholder farmers

On Tuesday, a panel of leading global and African financial experts also issued a resounding call to align financial structures

TAJBank To Issue N20bn Mudarabah Sukuk on NGX

The issuance is part of its N100 billion Sukuk programme.

South African banks deliver mixed verdict on budget

While banks will be happy with no capital gains increase, the freezing of tax thresholds could sap credit demand.

African Development Bank Vice President visits Angola to strengthen investment

With Vice president Quaynor, Guilherme discussed cooperation to develop financing mechanisms to boost investments by Angolan and foreign private entrepreneurs.

Kenya’s President Ruto awards African Development Bank’s Adesina highest national honour

“This will be a stand-alone financial institution, that will be 100 percent dedicated to providing technical assistance, debt and equity financing for youth businesses in Kenya.”

Transcorp Group Rides on Operational Efficiency, Agility to 188% Profit Growth

With an expanded asset base of N751.6 billion, up 42 per cent from 2023, and shareholders’ funds growing by 45 per cent to N271.7 billion, the company has strengthened its financial foundations for future expansion.

South African steel giant wants R3 billion bailout to avoid jobs bloodbath

Rescue talks with the government have failed to yield results and the operating environment has deteriorated amid high power and transportation costs and cheaper imports.

International giants want to invest more in South Africa

The survey analysed the member companies in the region, with many expected to pump money into South Africa over the next few years.

Double digit y/y growth in merchandise trade driven by FX devaluation

This resulted in a net trade surplus of NGN3.4trn.

Fiscal risks from oil production and price uncertainty

Nigeria's external trade balance and fiscal position depend on export earnings from crude oil and gas

PressPayNg boss bags African banking award

The company has been at the forefront of providing seamless financial solutions for youths, parents, and students

FG expands bond listings with over 900m units on NGX

With the new issuance, the total outstanding units for the 19.30 per cent FGN APR 2029 bond rose from 463.16 million to 768.52 million

Finance in Common South Africa Summit: new frontiers for development finance

These instruments play a crucial role in bridging the financial gap needed to achieve climate and development goals.

AFC chief pushes to unlock billions from African pension funds

Africa's low savings rates and shallow markets have stymied efforts to mobilise local pools of cash.

A m/m reduction in the FGN’s fiscal deficit in Nov ‘24

The reduction in the deficit was largely due to lower capital spending, driven by delays in capital releases.

Equity market sheds N476bn in one week

This accounted for 69.31 per cent and 58.90 per cent of the total equity turnover volume and value, respectively.

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