Managers of Wealth Africa

African countries must leverage their strengths to accelerate drive towards integration

It's time to ratify AfCFTA

Sierra Leone’s ‘peace diamond’ dividend slow in coming

With no qualified teachers in the village, parents rely on their children being taught by some of the better-educated local people who can read and write, like Bamoi who finished high school.

Survey Shows 27 Percent of Finance Departments Expect to Deploy Artificial Intelligence by 2020

Despite rapidly growing interest in AI to improve financial planning and analysis (FP&A), only a few organizations are currently using it successfully

South Africa’s richest man reveals how he built his wealth

When asked about how his family’s empire was built up, Rupert said: “Obviously there needs to be an opportunity in the market. It’s not good trying to do something for which there is no market.”

Middle-income South Africans use up their entire salary less than five days after being paid

According to new data from First National Bank's Retail segment, middle-income South Africans spend their monthly pay within a week of receiving it.

Kenya tops in African banks bad loan study

Out of 11 African countries profiled by Moody’s in the report, only Angola, Ghana and Democratic Republic of Congo have a higher ratio than Kenya, at about 25, 22 and 18 percent respectively.

Optimism expressed for Zambia’s efforts to combat the effects of climate change

Since Zambia’s independence 54 years ago, government has borne the financial burdens of shoring up the operations of the electricity supply company, ZESCO.

Strengthening Economic Recovery Process in Nigeria

After a wave of scathing criticism that trailed some of our past policies, many of these measures are today widely applauded as brilliant and conscientious actions.

Big banks don't cry - but new research shows maybe they should

If consumers were to update their relationship status with the finance industry on social media, it would no doubt say - it's complicated.

Kenya tops in African banks bad loan study

Latest Central Bank of Kenya (CBK) data shows the ratio of bad loans to total loan book among Kenyan banks stood at 12.3 percent at the end of October, having come down from 12.7 percent in August largely due to improved recovery efforts on the trade, per

Banks exposed to public debt pile, Moody’s warns

Banks have in the last two years been ramping up bonds in reaction to the capping of interest rates on customer loan at four per cent above the prevailing Central Bank Rate.

Three subsidiaries of Pan-African banking group Oragroup win The Banker "Bank of the year award"

The three subsidiaries of the Oragroup Banking Group, in Burkina Faso, Senegal and Togo won the award for best bank in their respective countries. This award is presented by The Banker magazine, a publication of the Financial Times group.

South Africa Has Neglected Financial-Market Conduct, SARB Says

Focus of regulators has mainly been on prudential regulation

McKinsey says fintechs threat to Kenyan banks

McKinsey notes fintechs are increasingly influential in digital and mobile payments and credit, having raised over Sh30 billion in capital and gained over 20 million customers.

These are the top hobbies that SA's wealthy people get up to

As shown above, the golf is currently the most popular pastime for HNWIs in South Africa followed by art collecting and then cycling and mountain biking.

Africa must stop corruption or be swallowed

Africa is endowed with a vast array of natural resources that if properly governed, present the continent with a massive potential for harnessing the much-needed financial resources for development and therefore the need to stop corruption

NEPI Rockcastle slams Viceroy report, calls for probe into short-seller’s conduct

Viceroy is no stranger to controversy after claiming in February that Capitec Bank was a loan shark

Aberdeen Standard maps countries on ESG credentials

The research found that, without globalisation, poverty reduction in developing nations would not have happened over the past 20 years

Nigeria vows to promote banking system

Nigeria on Tuesday said it would remain focused and committed to the protection of depositors and promotion of safe, sound and stable banking system in the country.

African Bank aiming for the ‘juggernaut’ against competitors

The transactional account, together with the African Bank app, are already in pilot phases with about 3000 of its employees now using it.

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