Managers of Wealth Africa

Dark clouds gather for one of South Africa’s biggest employers

However, the tide is starting to turn for the industry, with some job losses experienced in the last quarter and more expected to come as business conditions remain down.

Treasury to book Sh7.7bn from Safaricom interim dividend

The company has been making interim dividend payments since February 2021

Kenya Eurobond yields fall as investor jitters recede

Interest rates on the longer-dated 30-year Eurobond maturing in 2048 have also eased considerably to 10.436 percent from 10.82 percent on February 7.

Kenyan shilling posts strongest single-day gain in 12 years

For their part, forex bureaus were selling the dollar at between Sh152 and Sh157.

CBK projects Sh734bn inflows this year on foreign investors

Kenya has seen a windfall from external borrowings in the opening months of 2024, including Sh109.6 billion ($684.7 million) from the International Monetary Fund (IMF) in January.

Bad news for solar in South Africa

This means that South Africans have dropped their demand from Eskom by roughly three stages of load shedding.

Zenith Bank Ghana & African Guarantee Fund partner to empower Ghanaian MSMEs, women-owned/led ...

AGF will provide partial guarantees on loans issued by Zenith Bank Ghana

CEOs signal higher pay for employees in talent wars

This is a shift from last year’s trends when CEOs prioritised a customer-centric approach to expand operations and boost revenues.

Dollar bank deposits surge to Sh1.5trn on weak shilling

The dollar gained by 27 percent against the shilling last year

Record Sh621bn loan defaults push banks into rare profit fall

The Treasury said manufacturing and trading sectors accounted for about Sh248.52 billion or 40 percent of the Non-Performing Loans

International companies are recruiting South Africans for these jobs

Discovery Vitality also noted that it is losing professionals to emigration due to the global demand for these skills sets.

Marked y/y rise in PFAs’ AUM

The marked rise in PFAs' asset allocation to FGN bonds is largely due to record sales of FGN paper by the DMO in 2023

Kenya says will be able to repay $2bln eurobond

The East African nation is sitting on public debts of around $61.5 billion -- equal to around 67 percent of gross domestic product

Uganda says public debt stock to hit nearly 50% of GDP by June

The East African country's debt levels have been rising due chiefly to government spending on public infrastructure

Modest growth in broadband penetration

Nigeria’s broadband connection has been on an upward trend since Sep ’23.

Standard Bank partners to maximise benefits of R300 billion township economy

Also lagging has been e-commerce, primarily because digitally based business-to-business suppliers have difficulty communicating with independent traders and operating in environments where cash is used for most transactions.

Foreign investors interested in Nigeria – Cardoso

The apex bank boss added that the reports of the rating agencies about Nigeria were also confirming the leanings of the FPIs.

Insurers slash NSE investments to record lows

The underwriters have in the process increased their investment in government securities– Treasury bonds and treasury bills.

S&P backs Kenya’s Sukuk bond plans

Sukuk could help Kenya to access hitherto untapped liquidity pools and attract foreign investors, including from the East African Community and Gulf countries

Alternative Investments