Managers of Wealth Africa

Ghana must invest in its own growth – Stanbic Bank CEO

The event brought together over 350 stakeholders including institutional investors, development finance institutions, and fund managers.

R100bn Transformation Fund hopes to spend R20bn a year

But not everyone thinks it is a good idea – it’s far larger but also more complex than other institutions with similar aims of boosting black participation in the economy through financial and non-financial support.

Tinubu approves plan to attract $122bn power investments

The policy aims to unlock $122.2bn in investments to overhaul Nigeria’s power sector.

Zylus Group unveils asset management firm to enhance value-driven solutions across sectors

With Trustline Capital onboard, we are deepening our capacity to help clients grow and secure their financial futures

Fidelity Bank Launches Orange Inspire to Empower Ghana's Creative Economy

The aim is to make a meaningful difference in an industry that has too often been overlooked by banks and policy makers alike.

Fitch maintains Ghana’s 2025 GDP at 4.2%

The report noted that counterbalance in gold prices, combined with lower energy costs, would drive the current account surplus to a record 6.9 per cent of GDP in 2025

A marked m/m contraction in revenue in Jan ‘25

Regarding drivers, the marked m/m reduction in the overall federal revenue was primarily driven by weaker oil receipts

The rising burden of external debt service

However, on a sequential basis, the external debt service cost decreased by -19% q/q.

A deterioration in global trade outlook driven by tariff war

The sharp downgrade was primarily attributed to the higher tariff environment and heightened global trade uncertainty

JSE reaches a new high

Banking, retail and property stocks have been buoyed by expectations of a Sarb repo rate cut in May.

The South African CEO whose pay fell from R290 million to R50 million in three years

Following the company’s strong performance in 2021, buoyed by a commodity boom, Froneman’s single-figure remuneration rose to an eye-watering R292 million, which was linked to long-term share incentives.

FG, States, LGs Share N4.9tn in Q1 as FAAC Allocation Rises by 44.7%

A review of the data for the first three months of this year indicated that in January 2025, all the tiers of government shared a total of N1.7 trillion from the Federation Account

Afrexim bank launches $3b revolving Intra-African oil import financing programme

Afreximbank is the largest financier of the Dangote refinery

FG, W/Bank aligning agenda to digitally empower young Nigerians — Edun

According to him, the government would provide digital infrastructure to enable young Nigerians to have access to the internet.

Capitec triples number of staff earning R250k to R500k a year

And departing CEO Gerrie Fourie scores R105m pay day …

World Bank projects 3.6% economic growth for Nigeria

According to the World Bank, the projected recovery is anchored on improved performance in non-oil sectors

Capitec surges 7% on record results

‘It’s about simplicity and transparency’ – outgoing Capitec CEO Gerrie Fourie on how clear pricing and easy-to-use services helped the bank earn the trust of over 24m clients.

The government chases away investments in South Africa

The Remgro CEO said their challenges with South Africa’s regulatory authorities influence their capital allocation.

Access Holdings posts N642.2bn profit

Meanwhile, the group’s income tax expenses also rose sharply, from N109.7bn in 2023 to N224.8bn in 2024, which had a moderating effect on the final profit after tax.

REX Insurance Advocates for Greater Youths Involvement in Insurance

She made this assertion at the 9th BusinessToday Annual Conference which held in Lagos recently.

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