Managers of Wealth Africa

Diaspora remittances grow to record Sh671bn in a year

The United States remained the largest source of diaspora remittances last year, accounting for 56 percent of the remittances, a one percent increase from the $2.33 billion posted in 2022.

Jane Kimemia: Championing Optiva Capital’s Commitment to $5B Diaspora Direct Investments

Innovation and creativity are essential for the success of any business organisation.

Best performing Nigeria mutual funds in 2023

This is in line with the performance of the Nigerian stock market, which gained 45.9% in 2023 and has continued its rally in 2024, gaining 26.43% year-to-date.

South Africa could narrowly dodge a technical recession

In 2023, the mining sector faced several headwinds, such as weak external demand

Businesses in South Africa pinning hopes to some growth in 2024

Confidence levels in the government increased by 12%

Nigerian, Others Recognised as Global Market Research Legends

Adeoye admitted that the road to success did not only push for external boundaries and the height attained, but also insisted that the commitment to excellence

Access Holdings Makes Big Move, Buys Insurance Company After Acquiring Zambian Bank

Megatech also stated that it would strive to create a world where risk is efficiently managed so that the company can confidently seek and seize growth opportunities.

South Africa risks another major own-goal

The Act is set to expire in September 2025, but indications are that it will be again renewed and possibly extended to a 10-year period – something which would greatly benefit the countries attached.

N’Assembly raises works ministry budget to over N1tn

An analysis of the document also showed that several capital projects were introduced in the approved budget.

February is going to be a difficult one, says Godongwana

“I can tell you now, we are operating in a fairly constrained fiscal space, so the message we are likely to put across in February is going to be a difficult one.”

Big pay hike for domestic workers coming in 2024 – here’s how much you could be paying

The CPI is a measure of the change in prices as paid by consumers for goods and services over time

A sharp rise in domestic debt service cost

The main factor behind the mounting debt service burden is the significant rise of 133% y/y

SA’s big banks to help boost state capacity, says Basa

Basa chair says banks cannot sit on the sidelines but must contribute to reviving the economy

BOA Kenya expands lending to MSMEs

The global financier seeks to promote better competitiveness in the MSME finance market by demonstrating the commercial viability of lending to MSMEs and women-owned or led small, and medium enterprises.

Kenya’s economy to grow 5.2pc this year, says World Bank

Uganda will also benefit from infrastructure investment ahead of new oil production in 2025

Fidelity Bank Pursues N32bn New Equity From Shareholders

Fidelity Bank will be offering 3.2 billion ordinary shares of 50 kobo each to existing shareholders at N10 per share.

Kenya fourth-largest borrower of World Bank low-interest loans

Pakistan was the highest user of the kitty with $2.31 billion (Sh363.27 billion) followed by Bangladesh with $2.3 billion (Sh362.48 billion) and $2.14 billion (Sh336.48 billion) tapped by Tanzania.

SA manufacturer mood turns upbeat on stronger activity

Absa Group’s Purchasing Managers’ Index, compiled by the Bureau for Economic Research, climbed to 50.9 from 48.2 in November

Businesses in South Africa hoping for the best in 2024

The new sales orders index dropped slightly from 46.6 in November to 46.3 in December.

Fidelity Bank to List Rights Issue as Stock Price Gains 31% WoW

Shareholders of Fidelity Bank recently passed a resolution to increase its share capital from N16 billion to N22.6 billion

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