Managers of Wealth Africa

Africa's future lies with Asia

Africa's trade with the US and European countries remains critically important, a rising Asia has, however, afforded the continent with an alternative source of investment.

Ghanaian bank fraud cases increase by over 50% according to BoG

A report by the Bank of Ghana has revealed that fraud cases reported by commercial banks in the country in 2018 increased by 50%.

Banks lose GHC19.1m to theft committed by own employees – BoG report

The alarming involvement of staff in the perpetration of fraud in the banking sector calls for significant reforms in the recruitment, remuneration, and disengagement of persons that are engaged by financial institutions.”

Sasbo wants moratorium on bank retrenchments

Sasbo general secretary Joe Kokela says: “We are not against digitalisation; it is how they have gone about it.

S. Africa Avoids Recession as GDP Expands Faster Than Expected

Rebound led by recovery in mining industry, growth in finance

Trouble for Peter Moyo as Old Mutual plans to exit his company, which is also being sued by the IDC

Old Mutual says it is currently negotiating with NMT to exit its stake in the company

Wealthy Kenyans return $1.18m stashed abroad

The amnesty was extended for a further year

Barbados-Kenya sign new agreement

Noting that Barbados has a high literacy rate compared to Kenya, Kenyatta stated that education presents a potential area for the two countries to further collaborate through sharing of experiences and expertise.

Sasol crisis: Investors want CEO out

Allan Gray and Coronation confirmed they met with Sasol but declined to comment on the content of the discussions.

Elumelu Challenges Japan – “Partner with us in Empowering African Entrepreneurs”

Mr. Elumelu’s statement captured his vision of a relationship between Japan and Africa, which prioritises economic and shared prosperity.

'Catastrophes' and hail damage dent Santam profit - but MiWay sees good growth

This is compared to a profit of R61m last year

Nigerian Diaspora and Remittances: Transparency and market development

How large is the Nigerian Diaspora is anyone’s guess.

Priorities to accelerate Africa’s technology transformation journey

South Africa endorses the focus on science, technology, and innovation as a priority theme for TICAD 7

MUFG signs memorandum of understanding with African export-import bank

MUFG has led Afreximbank’s fund mobilisation activities in the international capital and loans markets

De Beers gem sales keep falling as buyers allowed to say no

Clients are waiting for polished demand to pick up and are trying to buy as little as possible

KENYA: Property billionaires feel the pinch as real estate slumps

The Kenyan real estate sector is increasingly becoming a miserable story of tears and shattered dreams

State Capture: Why Kenya Has Been Unable to Slay the Corruption Dragon

In this four-part series, WACHIRA MAINA explains how “state capture elites” have undermined anti-corruption efforts and why, despite decades of reforms and numerous commissions of inquiry, corruption remains an enduring element of Kenyan polit

Zim financial reforms hammer banks' balance sheets

"In cases where the banks have net liabilities denominated in foreign currency (this) resulted in a larger increase in liabilities than assets," said the analysts in the report.

Jamaican economy grew by 1% in June quarter - PIOJ

Growth in the economy was however negatively affected by drought conditions, which led to a 2.5 per cent contraction of the Agriculture, Forestry and Fishing industry.

70 percent of bank customers ‘are living beyond their means’

The poll says Kenyans have borrowed enormous sums from local banks to finance lifestyles they can not afford.

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