Managers of Wealth Africa

SA debt spikes 250%, but GDP up by only 105%

The country’s debt has risen from R1.6trn to R5.6trn in a decade – and now stands at 75% of GDP.

Q3’24: Unilever Nigeria records 46% growth in turnover to N103.8bn

Unilever Nigeria will continue to strengthen its operations in the country

EY-Parthenon Real-World Strategy Dialogues – BCX CFO Cheryl-Jane Kujenga on allocating capital to innovation

Kujenga then reveals the five key areas that innovative organisations focus on, as well as the key imperatives for BCX.

FBN Holdings secures top spot as best workplace in Nigeria

The subsidiaries of the holding company also enjoyed their share of the recognition and achievement at the grand ceremony

Stanbic Bank invests in future with new Youth Banking Proposition

Head-Private and Personal Banking, Stanbic Bank Ghana, Ben Mensah elaborated on the new youth banking proposition’s purpose.

IGR rising but still falling short

The balance of NGN478bn was mainly revenue generated by state ministries, departments, and agencies (MDAs).

UBA plans new investments in Africa

Akinyemi also highlighted the bank’s dedication to nurturing Africa’s youth talent through entrepreneurship.

A modest rise in the deficit on the services account

This follows our previous note on the BoP

Higher trade surplus driven by reduction in imports

The trade figure comprises export and import trade positions of USD13.9bn and USD9.5bn, respectively.

Five big businesses closing down in South Africa

Experts attribute several factors to the growing pressure on businesses in South Africa.

The untapped power of hedge funds in South Africa

Hedge funds also often have low correlations to each other, as each hedge fund manager uses leverage, net exposure, and their long and short books differently.

Insurer, bank launch instalment payment for health cover premiums

For years, many households in Kenya, particularly in rural and lower-income areas, have faced financial barriers when accessing healthcare.

32 states got 55% of revenue from FAAC

BudgIT also noted that the total revenue generated by the 36 states rose by 31.2 per cent in 2023, from N6.6tn in 2022 to N8.66tn.

East Africa leads Africa’s economic growth despite public discontent

Despite positive economic indicators, high unemployment and the rising cost of living have sparked public outpourings of frustration in countries including Kenya and Uganda.

British International Investment announces $150m trade finance facility with Absa Group to support businesses across Africa

The facility will build on this to provide crucial trade finance to businesses across Africa, with a focus on sustainable and inclusive funding.

Alternative Investments