Managers of Wealth Africa

NGX maintains bullish as investors gain N271.6bn

Investors capitalized on this positive momentum, pushing the market capitalization of listed equities to N55.44 trillion, an impressive gain of N271.61 billion for the day.

R5,000 per month pain for homeowners in South Africa almost over

According to Lightstone’s data for the first quarter of 2024, the average property value in South Africa stood at R1,377,014.

Africa Prudential declares N791m profit

Giwa mentioned that the company’s earnings per share for the period reached 39 kobo, while profit before tax stood at N1.13bn.

Ecobank Launches Custody Business in Nigeria

Custody services are already being offered in some other countries where Ecobank has operations

A Solution To South African Unemployment And Economic Growth

SMMEs have played a crucial role in democratizing the labor market and driving inclusive economic growth.

FG plans fresh $100bn investments

The two government officials spoke at the National Economic Dialogue 2024 organised by the Nigerian Economic Summit Group on Wednesday in Abuja.

Nedgroup Investments outsources to Northern Trust

Northern Trust will support Nedgroup Investments with its new fixed income platform through its Integrated Trading Solutions (ITS) offering.

Relm expands global presence

Relm’s Dubai-based affiliate has a licence authorised by the Dubai Financial Services Authority.

Development cooperation must focus on areas driving Africa’s growth – Akufo-Addo

To achieve the continent’s transformation, it is imperative to target structural reforms that address the root cause of underdevelopment

Global investor appetite for listed securities increases in first half of 2024 —WFE

Compared to the previous half, WFE said Initial Public Offers (IPOs) fell 24.2 per cent.

7 ‘game changer’ developments for South Africa

The diversification provides a more consistent cash flow and mitigates risks linked to market fluctuations.

Morocco's business resilience: four companies in the Forbes top 100

With a strong showing, the Moroccan kingdom reaffirms its position in the MENA corporate sector

Govt faces funding challenge — Treasury bill auctions underperform

For the auction held on August 2, the targeted amount fell short by over GH¢560 million as the government raised GH¢3.80 billion against a target of GH¢4.36 billion.

New government bank for South Africa is coming

The DWYPD outlined its plan for the bank in March 2024, where it provided a timeline and implementation plan for operations.

Afreximbank and Uganda Development Bank sign project preparation financing agreement

Mr. Maitum noted that several transformative project ideas remain unimplemented in Uganda due to the limited availability of technical and financial support to ensure Bankability.

Apex Group to administer first of a kind climate fund to boost green investment

The fund will allow institutional investors to participate in the equity of established utility-scale renewable energy projects in African markets.

South Africa infrastructure spend plans soar as energy woes ease

The value of announced new projects jumped to an annualised R793.7bn in the first six months.

Another major company in South Africa enters business rescue

The business rescue comes only months after the group raised roughly R155 million ($8 million) from venture capitalists.

Allan Gray warning over South Africa’s new retirement system – going live next month

The new system, which has been established as an answer to the financial difficulties many South Africans hit during the Covid-19 pandemic, will ultimately be set up with a ‘savings’ and ‘retirement’ pot.

Good news for petrol prices and interest rates in South Africa next month

The main contributor to the small downward shift is the oil price, which edged above $80 a barrel after rising almost 4% last week.

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