Managers of Wealth Africa

Kenya; the regional hub for impact investing

“We appreciate the platform provided by GSG for countries engagement to co-create policy interventions for inclusive and sustainable development through impact investment,” she added.

Kenya’s global online shopping ranking drops on hacking fears

Nairobi’s score on reliable postal delivery for goods bought online also fell to 27 from 37 previously.

Analysts laud Kenyan banks merger, say good for expansion

The consolidation would make the bank the second largest in Kenya in terms of market share with a potential of over 30 million customers across the region.

KPMG South Africa appeals for a second chance

n an open letter published in South African newspapers, KPMG South Africa said the local unit of the auditing giant was “very different” from 18 months ago, after a period of significant introspection and change.

Afreximbank: CFTA starting point of Africa's development

Orama said Africa enjoys tremendous potentials, praising the efforts exerted by Egypt to host the first-ever Intra-African Trade Fair

Africa’s pension challenge

The symbiotic relationship between pension systems (suppliers of savings) and institutional investors (investors of savings) allows for the creation of assets that should safely and sustainably fund the retirement goals of African savers,” said Gond

This African country is so broke, it took a $45m loan from France to pay its workers

According to Eye of Africa, this African country is borrowing $45m from former colonial master, France, to pay its workers.

New Africa’s Sustainable Development report calls for improved planning

The report finds that countries such as Kenya, Morocco, South Africa and Tunisia, which rank high on science and innovation in Africa, invest a relatively higher share of their GDP in research and development

Big South African banks to face competition from smaller players

These include Standard Bank, Absa, FirstRand and Nedbank, all of which have rapidly growing returns on equity across the sector.

Norway will invest if South Africa gets its act together

There are activities going on, there are criminal charges, but it’s much easier to get corruption in society than to get rid of it.

Kenya, Tanzania banks exposed to sovereign risks

It is estimated that over 90 per cent of banks rating actions have been driven by sovereign risks that have a direct impact on their creditworthiness even if banks’ financial performance is unaffected.

Don’t miss out on the sub-Saharan African investment boat

Sub-region not only offering diversification opportunities, but growth indicators outperform most markets

UK to invest USD 4.5 billion in Africa

The USD 25 million is part of USD 232 million raised by the Synergy Private Equity Fund II to invest in SMEs in Nigeria and West Africa, working towards a target of USD 300 million.

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.

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