Managers of Wealth Africa

PenCom Commits N5.51tn Pension Fund to Boost Real Sector Growth

According to PenCom, the growth was attributable to additional contributions received and investment income.

Inflation rate rises to 24.23%

“Looking at the movement, the March 2025 Headline inflation rate showed an increase of 1.05% compared to the February 2025 Headline inflation rate.”

African credit ratings can absorb aid cuts and trade strains, Fitch says

African-owned multilateral banks might become more important institutions in this shifting landscape

PPS Investments’ assets increased by 15% in 2024 to R97bn

The firm plans to target smaller advisory businesses that a conventional DFM would typically not take on.

Pension assets continue to grow

Excluding a mild decline in the value of money market instruments

The rapid rise of FGN’s domestic debt

On a y/y basis, the FGN’s total debt stock increased by 32% y/y, reflecting a rise in domestic debt issuance by the FGN to plug rising budget deficits.

Plan to Green 30,000 Africa Buildings Seeks $150 Million Boost

The fund will invest in companies that provide the services in the southern part of the continent, with about 30% of the money likely to spent in South Africa

The richest female shareholders on the Nigerian Stock Market 2025 Q1

From banking to manufacturing and healthcare, their holdings tell a powerful story of influence, leadership, and investment foresight.

Another disaster for South Africa enters view

The US president announced that all tariffs above 10% would be paused for 90 days—except for China, which was slapped with the aforementioned 125% rate.

Nigeria got $50bn from Afreximbank funds – Oramah

He noted that $19bn of the total amount disbursed had been invested in Nigeria’s financial services sector, which has grown significantly over the years.

Absa bosses score R165 million payday

South African headline earnings jumped by 14% to R15 billion, while the Africa regions remained flat at R6 billion.

Ecobank’s ‘Oja Oge’ to feature over 100 exhibitions 7th April 2025

“Oja Oge by Ecobank” is a one-stop marketplace for fashion, beauty, and lifestyle businesses,” Odu said.

Nigerians should cultivate insurance culture – Sovereign Trust CEO

Soyinka said this at a press conference to review the company’s first-quarter operations and processes in Lagos.

PIC invests $40m in Africa50 Group

The investment provides a significant boost to Africa50’s mission of mobilizing African institutional investors to drive infrastructure development across the continent

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.

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