Managers of Wealth Africa

SA targets development finance giants for funds to revive cities

The disbursements of grants to municipalities that run the eight main cities and hit certain targets in improving services and collecting revenue are due to begin this year.

Investors eye rich returns as Uganda banks post high earnings

Total assets held by SHUL increased from Ush9.3 trillion ($2.5 billion) in December 2023 to Ush10.4 trillion ($2.8 billion) in December 2024, according to its latest financial results published last week

Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola and Ghana

This milestone represents 44% of the minimum required funding from African Petroleum Producers Organization (APPO) members to initiate the bank's operations.

Investors laud 100% increase in Wema Bank’s dividend payout

From 22 per cent dividend growth in 2019, Wema Bank hit an all-time high of 104 per cent in 2024, an indication of consistency and a generous dividend policy.

MTN Ghana announces GH¢5b profit after tax

The telecoms provider posted a 34.5 per cent growth in service revenue, driven by increased mobile data usage, expanded 4G and 5G coverage, and a rise in mobile money transactions.

SA plans firm to manage R155bn of state property

‘We really have to stop seeing public works as a department of bad buildings and we have to see ourselves as an economic delivery unit,’ Macpherson said.

Citizens Pensions targets Nigeria’s underserved informal sector

Da-Souza emphasised the company’s mission to empower individuals and institutions to achieve their long-term financial goals.

African Development Bank and Mastercard expand MADE Alliance: Africa with Launch of Kenya Country Chapter

This digital credential system connects farmers with buyers, input suppliers, and financial institutions, enhancing their access to essential agricultural services.

Ecobank, AFC, Soto Gallery promotes emerging artists with +234Arts exhibition

We are bringing the financial activities, financial guardians, corporate governance for them, to ensure that they become celebrated.

South Africa’s economic growth could triple this year

South Africa’s economy has grown by less than 1% on average for the last decade, handicapped by mismanagement and corruption at state-run entities that snarled vital infrastructure and caused frequent power cuts.

Equity market rebounds with N369bn gain

The total market capitalisation stood at N66.2tn, reflecting renewed investor confidence in the equity market.

Afreximbank Acts as Joint Global Coordinator on BADEA’s second EUR 750mn Senior Eurobond due 2028

The bond proceeds will fund general corporate purposes including loan book growth in Sub-Saharan Africa under BADEA’s 9th Strategic Plan 2025-2029.

African Development Bank Group to expand investment in Lesotho to $331 million

His Majesty expressed delight at the Bank President’s visit

NGX Group, CBN, Others Collaborate to Equip Students with Financial Literacy

This initiative underscores a shared commitment to fostering financial inclusion and equipping young Nigerians with the knowledge required for long-term financial well-being.

View from the top with Goldman Sachs’ Hilary Lopez

Head of the EMEA third-party wealth business says her mission upon joining the company was to become one of the leading players in the region

A further drop in Nigeria’s inflation rate

The lower reading follows what appears to be a sharp drop in January’s inflation from 34.80% y/y in December 2024

R47 billion disaster for South Africa looms

Those funds would have unlocked a further $2.1 billion from multilateral development banks and other sources of financing.

A m/m drop in capital imported in Nov ’24

In terms of composition, portfolio investments remained the largest contributor

R4.5 billion two-pot retirement surge in South Africa

The company’s investment return more than doubled to R595 million.

African Development Bank mulls $500 million facility to mobilize financing for smallholder farmers

On Tuesday, a panel of leading global and African financial experts also issued a resounding call to align financial structures

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