Managers of Wealth Africa

International companies are recruiting South Africans for these jobs

Discovery Vitality also noted that it is losing professionals to emigration due to the global demand for these skills sets.

Marked y/y rise in PFAs’ AUM

The marked rise in PFAs' asset allocation to FGN bonds is largely due to record sales of FGN paper by the DMO in 2023

Kenya says will be able to repay $2bln eurobond

The East African nation is sitting on public debts of around $61.5 billion -- equal to around 67 percent of gross domestic product

Uganda says public debt stock to hit nearly 50% of GDP by June

The East African country's debt levels have been rising due chiefly to government spending on public infrastructure

Modest growth in broadband penetration

Nigeria’s broadband connection has been on an upward trend since Sep ’23.

Standard Bank partners to maximise benefits of R300 billion township economy

Also lagging has been e-commerce, primarily because digitally based business-to-business suppliers have difficulty communicating with independent traders and operating in environments where cash is used for most transactions.

Foreign investors interested in Nigeria – Cardoso

The apex bank boss added that the reports of the rating agencies about Nigeria were also confirming the leanings of the FPIs.

Insurers slash NSE investments to record lows

The underwriters have in the process increased their investment in government securities– Treasury bonds and treasury bills.

S&P backs Kenya’s Sukuk bond plans

Sukuk could help Kenya to access hitherto untapped liquidity pools and attract foreign investors, including from the East African Community and Gulf countries

South Africa’s shocking retirement figures

Knowledge and information are key to closing the expectation-reality gap

Trouble ahead for the rand in South Africa, warn experts

All in all, data show the rand has endured an average 2.9% loss in February over the past five years, while the EM currency index slipped 1%.

South Africa’s “trapped” population

We investigated the salient factors that trap them in their progression towards a stable middle class.

Fintech solutions helping informal traders grow and reduce risks

These merchants primarily operate on a cash on delivery basis requiring that drivers are paid in cash from merchants on their route

Boost for interest rate cuts in South Africa

In response to the news, the rand increased to R18.58/$ before retreating to R18.73/$, as markets have factored in a May 2024 date for the first rate cut in the US.

International companies are scouting South Africans to get the job done

Our country has been favoured as a fast-developing outsourcing industry for a few years now.

Kenyans defy rising costs to register 4,000 new companies

The number of newly registered business names was down by 680 to 83,458 in 2023

New paradigm needed for increased investment – Akufo-Addo

EU exports of goods to Northern Africa rose from €59 billion in 2011 to €76 billion in 2021, equivalent to an average annual growth rate of 2.6 per cent.

Licensed East African Bond Exchange to take on NSE

This comes just a fortnight after the International Monetary (IMF) Staff Report following the January 17, 2024

Global economists forecast Kenya growth at 5.2 percent

GDP growth in 2024 is anticipated to remain at the levels expected in 2023

IMF slashes South Africa’s GDP growth forecast for 2024

The fund cut the country’s 2025 forecast to 1.3% from 1.6%.

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