Managers of Wealth Africa

Investors seen pressing for higher return on 10-year bond

The CBK took the rare step of setting the 10-year bond’s coupon before the sale, departing from the routine of letting the market decide the return.

FEAD Ghana encourages women to go out and shine

Women who have moved ahead in life need to share their stories with more women around them.

Kenya launches World Bank-funded project for SMEs

Alwaleed Alatabani, practice manager of financial competitiveness and innovation for East and Southern Africa at the World Bank, said Kenya has a significant SME funding gap and that credit to the private sector remains low.

Ecobank obtains $250m loan to boost liquidity

Details of the facility showed that Afreximbank and AFC would be acting as global coordinators

UBA promotes female entrepreneurship

Oshuwa added, “I subscribe to learning new things by investing in educating yourself; this will translate into better business decisions.”

Stanbic shareholders get record dividend as profit hits Sh12bn

The improved performance saw the Stanbic board recommend a raise in dividend per share from Sh12.60 to Sh15.35 in what will also mark the highest-ever payout in the history of the lender.

Bad news for homeowners in South Africa

Most economists and analysts anticipate interest rate cuts in the third and fourth quarters of the year.

Jersey Establishes Strong Financial Presence in South Africa

The annual conference, which we have proudly sponsored many times, aims to facilitate relationship-building amongst industry stakeholders and highlight the value private equity can bring to the region.

Investors shift interest rate expectations for South Africa in 2024

In January, the figures were inversed, with a net 67% expecting the first rate cut in Q2 2024.

Top US investor sells 600m Safaricom shares in dividend protest

FMR has been cutting its stake, including the 92.5 million shares it sold in December alone

Major consumer shift in South Africa as budgets come under strain

Headline earnings per share (HEPS) and normalised (HEPS) increased by 5.3% and 6.9%, respectively.

Things are looking up for stocks in South Africa

For instance, with inflation set to average around 5% this year, the South African Reserve Bank is expected to cut interest rates by 1% to 2% this year and into 2025.

Development Bank Ghana to invest ₵700 million in women-led businesses over five years

The bank is also committed to ensuring that 20 percent of all the businesses that receive DBG funding are owned by women.

Alternative Bank Champions Rural Economic Development in Katsina

The Alternative Bank is a bank with a difference.

African governments urged to seek alternatives to economic support

The book also reveals the “false propaganda” of the Feb 24, 1966, coup which overthrew Ghana’s first President, Dr Kwame Nkrumah.

The worst-case election result that would send investors running

One potential coalition partner is the EFF, which would be the worst possible result for the economy and the rand.

Charles Adu Boahen Foresees Financial Market Boom in Ghana's Real Estate Sector

Adu Boahen identifies residential real estate and the securitization of real estate investment opportunities as promising areas for growth in Ghana.

UBA reaffirms commitment to driving African economic growth

We believe that through collaborative efforts and sound financial strategies, we can propel the mining and oil industries towards sustainable development

Two-pot retirement system for South Africa incoming – but not everyone has to take part

Allan Gray’s Jaya Leibowitz said that the withdrawal will also be taxed at the member’s marginal income tax rate in the year of withdrawal.

South Africa kisses another 100 businesses goodbye

The majority of liquidations were on a voluntary basis, but 11 were compulsory.

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