Managers of Wealth Africa

Is banking security in Africa holding fintech back?

Most of this fraud was put down by the agency to bogus calls which make individuals think they’re talking to their bank, and, of course, phishing emails.

KENYA: Deposits in small banks on the rise: survey

The share of Tier Three banks of total deposits in the banking industry remained relatively small and not likely to substantially influence the overall growth of deposits.

Deutsche Bank jobs massacre: Here's what we know about the situation in Sandton

The job cuts will reduce the massive bank's global workforce to 74,000 – which means that more than a fifth of workers at the bank will be out of a job – and strip out €6 billion (roughly R94 billion) in costs.

South Africans’ rising insurance risk

In the face of improved life expectancy and an increasing burden of disease, an overemphasis on life insurance over ‘survival’ cover may be detrimental to South Africans

Deloitte payment report identifies four trends

They ranged from the regulators, the payment system operator, through to the retail banks, neo-banks, payment service providers, financial technology providers, e-commerce payment service providers and large retailers.

Sub-Saharan Africa: Citigroup conducts largest M&A deals in H1 2019

Most of the top ten of these transactions are in the process of being finalized.

Ghana is now the fastest-growing mobile money market in Africa

This is largely attributable to mobile accounts, with 20% of digital-wallet users being previously unbanked.

Behind Russia’s growing influence in Africa

To make the situation worse, in 2018 alone, thousands of Russian companies are said to have closed their operations thanks to diplomatic isolation from Europe and the US over Syria.

Africa Deal Roundup: 15 noteworthy deals and announcements in June

The bank, which operates in South Africa, is majority-owned by African Rainbow Capital

World Bank warns Kenya on risk of expensive loans

"I worry about increased indebtedness in Africa," Dr Ghanem said in an interview shortly after meeting with President Uhuru Kenyatta at State House, Nairobi, this week.

Where do South Africa's wealthy spend their money?

So where do they spend their money? Where do they live, eat, dine and drive?

Moody’s forecasts bank mergers in tight space

Regulatory changes, such as the interest rate cap in Kenya and stricter capital requirements, are also putting smaller lenders under pressure and inviting takeovers by large peers.

Ghana Fund hit by panick withdrawals; offers clients bonds instead of cash

The firm is an unintended casualty of Ghana’s efforts to clean up its banking industry last year when the central bank ordered lenders to almost triple their minimum capital levels to 400 million cedis.

Africa consideration of an urgent need to increase green finance progresses

This is the main recommendation made by experts from 12 African countries, France, the United Kingdom, China, Mongolia, and Kazakhstan.

Getting African women into the boardroom

This implies a powerful incentive for companies to bring more women into their decision-making processes.

Ghana’s banking reform is only halfway there

There is no doubt that poor governance, insolvency, and liquidity failings underpinning the licence revocations were real.

Moody's warns banks of lack of growth

In the report released by Sean Marion, Moody’s managing director for financial institutions, South African banks were head above shoulders of its neighbours

Pay us our N62.5bn pension arrears, retirees tell Makinde

The Nigerian Union of Pensioners said the amount represented arrears owed retirees between eight to 56 months.

7 things to know about the new CEO of Naspers SA

Mahanyele-Dabengwa has won a number of business awards.

DeVere's Botswana office celebrates 10 years

The Gaborone office is located in the heart of the city's New Central Business District and deVere is looking to double its staff there in the next two years.

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