Managers of Wealth Africa

Money flooding back into South Africa

The net purchases were the first since the first three months of 2022.

African Development Bank Celebrates 60 Years of Transformative Impact in Africa Southern Region

With an active portfolio of 226 projects worth USD 11 billion, the Bank’s unwavering commitment to fostering sustainable growth and integration in Southern Africa is evident.

W’Bank plans $1.65bn loans for Nigeria next year

The second project, HOPE for Quality Basic Education for All, is expected to receive $553.8m in financing.

African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award

Dr. Adesina has demonstrated a significant impact on the African continent

Access Bank set to acquire 100% equity in South Africa’s Bidvest Bank

The statement noted that Bidvest Bank, founded in 2000, is a niche and profitable South African financial institution

Consolidation of EMEA Islamic banks to continue in 2025: Fitch

The banks are expected to maintain solid liquidity, adequate capital buffers

South African inflation expectations decline to three-year low

Lesetja Kganyago signaled this week that officials will proceed carefully on interest-rate adjustments, given the unpredictable outlook for the global economy.

Africa Investment Forum 2024 : strengthening public-private partnerships is key to financing infrastructure in Africa (leaders)

To attract private capital, collaboration between governments, banks and insurers is essential, added Manuel Moses, CEO of African Trade & Investment Development Insurance (ATIDI).

Things are pointing up for South Africa – but it will take time

The BETI continued its sideways trend observed since May 2024, following the notable 4.7% increase from October 2023.

Pension assets sustain growth trajectory

The value of the total AUM increased by 3% m/m and 22% y/y to NGN21.9trn as at end-Oct ’24.

Celebrating the Growing Links Between Jersey, UK and Kenya

Jersey Finance’s Faizal Bhana’ Director – Middle East, Africa and India, hosted the events in Mombasa and Nairobi, billed as “Kenya’s Economic Potential: The Business Perspective”.

Mauritius’ strategic role in the China-Africa trade and investment partnership

This overseas investment is being supported by new initiatives like the African Continental Free Trade Area, which promotes the growth of regional value chains by offering Chinese businesses access to a larger unified African market.

Ghana's dollar bonds rally after clear presidential win for opposition

The 2035 maturity led the gains, rising nearly 1 cent to bid at 74.31 cents on the dollar. Ghana's cedi currency was stable against the dollar

Nigeria returns to plug 2024 deficit

The book for the long six-year topped US$4bn when 9.875% area guidance was announced

South Africa: Prescient expands ETF offerings on JSE

The fund taps into a broad universe of income-generating assets, spanning from US Treasuries to corporate bonds and emerging market instruments

Things are looking up for South Africa’s property market

The CEO—who heads the company with the largest online databases of property for sale or rent in South Africa—said the market has shown signs of recovery, with sales values up 6% year-on-year.

Drivers of Q3 GDP Growth

We see from the Q3 ‘24 GDP figures that the quarter marked the sixteenth consecutive quarter of growth for the Nigerian economy.

Economists hit reverse on South Africa

She described the Q3 GDP figures as “disappointing”, and dulling the optimistic tone many had taken after the May 2024 elections and the end of load shedding.

Africa Finance Corporation Leads up to €2 Billion Syndicated Facility in Largest-Ever Global...

The transaction is a record global loan syndication for BOI, and marks the largest capital raise in its history, setting a new standard for developmental finance across Africa.

ADB committed to enhancing customer value, service experience – MD

He reiterated ADB’s role as more than just a financial institution, highlighting its position as a true partner in the progress and aspirations of its customers.

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