Managers of Wealth Africa

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.

The new property hotspot in South Africa’s richest city

The area is also benefitting from robust infrastructure and ongoing development projects that aim to enhance connectivity and improve amenities.

Q/q increase in capital inflow due to base effects

The q/q improvement is primarily attributable to favourable base effects from the prior quarter

Growth, Returns and Aid Shift Investor Focus to West of Africa

Economic reforms in countries such as Ivory Coast and Benin have made the region a magnet for support from international lending institutions

Dark clouds gather for one of South Africa’s biggest employers

However, the tide is starting to turn for the industry, with some job losses experienced in the last quarter and more expected to come as business conditions remain down.

Treasury to book Sh7.7bn from Safaricom interim dividend

The company has been making interim dividend payments since February 2021

Kenya Eurobond yields fall as investor jitters recede

Interest rates on the longer-dated 30-year Eurobond maturing in 2048 have also eased considerably to 10.436 percent from 10.82 percent on February 7.

Trends in the FX market

FX turnover reported by FMDQ has risen

Kenyan shilling posts strongest single-day gain in 12 years

For their part, forex bureaus were selling the dollar at between Sh152 and Sh157.

CBK projects Sh734bn inflows this year on foreign investors

Kenya has seen a windfall from external borrowings in the opening months of 2024, including Sh109.6 billion ($684.7 million) from the International Monetary Fund (IMF) in January.

Bad news for solar in South Africa

This means that South Africans have dropped their demand from Eskom by roughly three stages of load shedding.

Zenith Bank Ghana & African Guarantee Fund partner to empower Ghanaian MSMEs, women-owned/led ...

AGF will provide partial guarantees on loans issued by Zenith Bank Ghana

Alternative Investments