Managers of Wealth Africa

World Bank disburses $300m palliative loans

With this loan, the Federal Government plans to run a monthly cash transfer programme for poor and vulnerable Nigerians

Nigeria’s Wigwe makes $500m investment in higher education

Wigwe is resolutely committed to injecting $500 million over a five-year span into his envisioned hybrid university.

South Africa’s new ‘travel pass’ expands

Travellers who are travelling with children or infants will also need to complete a declaration on their behalf.

Africa: Investors opting for data centres, green projects

Africa has 785 green-rated buildings of which 641 are in South Africa alone

CIC Group unroll $2mln payroll restructuring: Kenya

The restructuring also focuses on balance sheet re-organisation

South Africa readies for a rough landing

According to Stats SA, manufacturing production plunged by 4.3% y-o-y in September, following a downwardly revised 1.5% increase in August.

Africa Investment Forum secures $34.82bln in investment interests

Africa Investment Forum is a multi-stakeholder and multi-disciplinary platform

FG to spend N7.76tn on salaries, others

N605bn for national defense and security is to sustain the gains made in security.

Devaluation: Pension funds decline by 45% in dollar terms

In an attempt to raise investors’ confidence, the CBN this month began to clear forex backlogs in banks.

Alarm bells for South Africa’s GDP

The significant decline in tax revenues compared to projections was highlighted by Finance Minister Enoch Godongwana in the Medium Term Budget Policy Statement (MTBPS).

Safaricom stock jumps 6.8pc on Kenya unit profit growth

The company topped trades at the Nairobi Securities Exchange (NSE), posting a turnover of Sh230.2 million with 17.3 million shares traded.

Private Equity fund Africinvest buys 10 percent shareholding in I&M Group

The buyer of a stake is a related party to the British DFI

Inflation relief on the cards for South Africa – but it won’t be a smooth ride

While inflation could dip to 5.1% y/y in the December 2023 reading, it could lift again, reaching 5.6% y/y in January 2024

Steady growth in pension assets

This represents a healthy increase of NGN2.9trn compared to the previous year.

A higher net surplus on the financial account

This compares to a revised net surplus of USD44.0m recorded in the previous quarter.

Gulf African Bank in Sh550m SME loan insurance scheme

The bank aims to scale its financing to women-owned enterprises and green businesses that are involved in renewable energy produce eco-friendly products and services or offer green services.

It’s Sh40bn currency hit on SGR debt

The revised numbers contained in the Supplementary Budget tabled in the House in late October

KCB Tanzania receives Sh3.2bn in EIB funding

It marked a 77 percent growth in pre-tax profit to Sh2.3 billion (Tshs39.5 billion) in the period from Sh1.3 billion (Tshs22.3 billion) previously.

South Africa's Redefine reports distributable income hit by high interest rates

Redefine, with a diversified property portfolio valued at 96.8 billion rand, said group interest costs, including finance costs and income received from cross-currency and interest rate swaps, increased 34.2%.

These are the top 10 companies that South Africans want to work for

The companies in each country are then ranked based on the number of monthly searches plus the keyword “careers.”

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