Managers of Wealth Africa

Salaries in South Africa are getting wrecked

This would result in either zero real growth or another 0.4% decline in inflation-adjusted consumer buying power.

Unrelenting rise in headline inflation

The continuous depreciation of the naira also contributed to the elevated headline reading.

Fiscal challenge calls for revenue action

The fiscal deficit resulted from retained revenues of NGN649bn and a total expenditure of NGN1.3trn.

MPC likely to maintain hawkish stance

This compares with a total rate hike of +225 bps in 2023.

The Arab Bank for Economic Development in Africa's (BADEA) 50th Anniversary

Dr. Fahad Aldossari, Chairman of BADEA's Board of Directors, outlined the institution's investments across Africa, including support for 39 airports and various infrastructure projects aimed at human development.

Ghana makes progress on debt restructuring but public debt remains unsustainable

In its 2024 Ghana Economic Update, the World Bank said that though a firm monetary policy tamed high inflation last year

Interest rate relief coming sooner than expected in South Africa

SARB inflation forecasts have been revised down below the 4.5% target

Government banking on the private sector to save the day in South Africa

The push for forms of Private Sector Participation (PSP) has categorised much of President Cyril Ramaphosa’s tenure.

Sustaining macroeconomic stability requires Bank of Ghana to continue keeping an eye on inflation – Addison

The Board reaffirmed the generally strong program performance and clear signs of emerging economic stabilization.

R25 billion wind farm project launches in South Africa

Construction on the facility is currently underway and is expected to be completed in mid-2026, costing just under R5 billion.

AfDB’s sovereign portfolio retains top spot in 2024 Aid Transparency Index

The 2024 Index assesses six sovereign (public sector) portfolios and six non-sovereign (private sector) portfolios of development finance institutions (DFIs).

Innovate Africa launches $2.5mln Angel Fund for early-stage Africa-focused startups

New early-stage fund to support African founders in achieving product-market fit

Two massive companies call it quits on the JSE

The group has undertaken several initiatives to unlock shareholders over the past 18 months

Next Generation of Energy Leaders to Drive Transformation at the African Energy Week (AEW) 2024

Our youth are not just the future of Africa’s energy sector – they are its present.

Dangote Group targets $30bn revenue to strengthen naira

The refinery began full operations in 2024, initially focusing on refining intermediate products, such as polypropylene, naphtha, RCO, petrol, diesel, and jet fuel.

Investors are betting big on South Africa

Following the 2024 election at the end of May, the ANC lost its majority in parliament for the first time in the democratic era.

Standard Bank eyes East Africa for growth

Lender has industries such as energy, agriculture and infrastructure in its sights

Half of South Africans plan to work beyond retirement

Most South Africans struggle with savings and investment due to the current harsh economic conditions.

Double blow for South Africa

Business activity and the new sales orders’ indices dropped considerably during the month.

10 highest paid MDs/CEOs in Nigeria

At the start of 2024, Dangote Cement surpassed the N10 trillion market cap, becoming the first Nigerian company to achieve this feat.

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