Managers of Wealth Africa

SA business activity shrinks in December as Transnet woes persist

S&P Global SA PMI falls to 49 from 50 a month earlier

How dark offshore money has threatened democracy

Inequality within these countries has increased dramatically since the mid-1970s, with millions of people now feeling they have been left behind.

Where investors will make money in 2024

Equities were the worst performing major asset class in 2023 where the NSE shed Sh554 billion or 28 percent of its investor wealth, most of it (Sh418.7 billion) on the Safaricom stock — the largest on the market.

Huge risks for pensions in South Africa

The savings pot will hold a maximum of one-third of all retirement savings and will be accessible prior to retirement.

Cost of doing business in Ghana is still high – AGI laments

The increase in prices is not as a result of firms wanting an increase in profit.

Kenya weighs investment options as diaspora remittances hit $4.17 billion

Kenya experiences a surge in diaspora remittances, reaching an all-time high of $4.17 billion.

Wema Bank Illuminating the Future With Intervention in Education

To bridge the gap, Wema Bank believes that all hands must be on deck to address the issue, even as it contributes its quota to ensure that quality education is for all.

West African Development Bank announces acquisition of an equity interest by the Arab Bank ...

The two institutions are breaking new ground for their long-standing cooperation

West African Development Bank (BOAD) announces acquisition of an equity interest by the Arab Bank for Economic Development in Africa (BADEA) in its capital

This opens up the second phase of the Bank's capital increase process, the first phase of which was completed in December 2022 for an amount of XOF554.38 billion.

The financial pain for half of all middle-class South Africans

Despite being primary breadwinners, they also shoulder domestic and childcare duties, due to the persistence of stereotypical gender roles in modern society,” said Gogoba.

Where Kenyan investors minted billions, lost money in 2023

Investors demanded higher rates from government to account for elevated inflation, a weaker shilling and the State’s difficulties in accessing credit from the external market on cost concerns.

Budgeting tips for South Africans ahead of 2024

In tough times, South Africans may cancel their debit orders to utilise additional funds for other obligations.

‘Reverse emigration’ trend is boosting South Africa’s major cities

At the same time, O’Hagan said, the wave of semigration to the Western Cape from Gauteng and other inland provinces continues to be reversed as return-to-office mandates gain ground.

Salaried workers walked rough path as payslips shrunk in 2023

Additionally, the Act introduced two new higher Pay-As-You-Earn (PAYE) bands covering incomes of between Sh500,000 and Sh800,000 at 32.5 percent

FG set to improve access to credit financing in Nigeria

Specific objectives of the committee include; to increase consumer credit uptake in Nigeria

Investors’ biggest concerns for South Africa moving into 2024

Surveys suggest the ruling African National Congress could lose its absolute majority for the first time since coming to power almost 30 years ago, potentially forcing it to find coalition partners.

Kenya Power resumes mass hiring after six-year freeze

The increase saw the utility’s staff numbers increase to 10,018 in June 2023, up from 9,655 in the previous year.

MyCredit Investments Limited (“FairMoney”) Maintains Investment Grade Credit Ratings From GCR, Successfully Redeems N4.8BN to Private Note Investors

The investment grade ratings is a strong enabler of the Company’s strategy to attract funding from the Nigerian Debt Capital markets.

Ghana is closing in on a deal with bilateral creditors to restructure debts – World Bank

Mr. Laporte has made this assertion on the yet-to-be-aired Business Edition of PM Express.

Digital lender MyCredit secures Sh460m funding

The firm’s CEO Wangaruro Mbira said the company has disbursed 11,014 loans across the country with a total value of Sh7.9 billion over the past seven years and has 21 branches.

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