05/31/2022
39% of African Banks Now Commit At Least $3 Million to Digital Transformation and Innovation Annually
The survey found that banks lack a skilled workforce, with 465 of those interviewed regarding this as the biggest threat.
Comment, Analysis & Research
05/30/2022
Dr. Alkhareif stresses the need for ADB's efforts to support economic diversification in Africa
Alkhareif indicated that Saudi Arabia is open to consider
05/26/2022
New Bright Africa research points to strong private equity growth, powered by Mauritius
Mauritius has already firmly established itself as a gateway for investment into Africa through its robust banking, taxation, fiduciary, and fund management infrastructure and mature regulatory investment fund framework.
05/26/2022
African Bank CEO on his 'audacious' goal: 'We are no longer a micro-lender'
The bank came out of curatorship in 2016, splitting itself between the "good" and the "bad" bank that formed Residual Debt Services Ltd.
05/24/2022
Banks send price hike warning to South Africa
The government could provide further support to cushion consumers from escalating petrol prices, but for now, headline inflation is likely to average 6.4% in the second quarte
05/23/2022
'They are not okay' – 1 in 5 people 'very stressed' as South Africans face cash crunch
The company's survey and interviews with focus groups show that many more people are struggling to make their money stretch to the next pay day.
05/23/2022
‘It’s not rocket science’ – top banking CEO on how to get South Africa back on track
Titi further called for the breakup of the monopolies currently held by many state-owned companies, such as Transnet.
05/23/2022
S&P upgrades South Africa’s outlook to ‘positive’
After the credit rating agency Moody’s upgraded South Africa’s outlook last month, S&P Global has now also improved its outlook to “positive” from “stable”.
05/19/2022
Q&A with Daniel Mminele on COP billions: When will the first money start to flow?
The partners – the UK, US, European Union, Germany and France – committed themselves at COP26 last November to raise $8.5bn.
05/19/2022
Mozambique Highlights Advances in Climate Change Approach
The minister was speaking Monday in Maputo during the national consultation meeting for the Stockholm +50 international climate conference, which marks five decades since the first conference on the environment was held in Sweden in 1972.
05/18/2022
FNB says middle-income consumers spend up to 80% of monthly salary in 5 days
"By evaluating all aspects of their finances, consumers can stretch every rand beyond its potential. This may allow them to begin accumulating cash savings for emergencies and better plan for lifelong decisions such as a comfortable retirement,"
05/16/2022
Generational wealth and legacy transfer
In the context of generational wealth, transfer connotes the conveyance of right, title, or interest in real or personal property from one person to another, especially from the original owner, to another person linked or related to him, continuously in s
05/15/2022
AfDB Group seeks US support for $1.5 billion emergency food plan for Ghana, Africa
“We should be concerned and even alarmed about the widening food security crisis that this war is causing for hundreds of millions far beyond Eastern Europe,”
05/13/2022
Africa's future is tied to climate change
Market observers and Old Mutual stakeholders have expectations about the company’s overall role in society.
05/12/2022
The most complained-about banks in South Africa – and one that saw a dramatic turnaround
These consumers had to turn to the OBS for intervention against their banks.”
05/11/2022
SAA could remain financial burden on state despite selling major stake, Treasury warns
The emergence of the concerns came as Public Enterprises Minister Pravin Gordhan was set to appear before the public-accounts committee.
05/11/2022
Operation Vulindlela: Too early for congratulations, says business
There is a broad consensus that the business environment requires structural reforms to encourage new investment. 3
05/11/2022
President Kenyatta Calls for Enhanced Cooperation Between Kenya and the UAE
The UAE delegation was led by the Gulf nation’s Minister of State Sheikh Nahyan bin Shakhboot Al Nahyan who was accompanied by the Crown Prince’s Economic Adviser Abdul Rahman Neyadi among other UAE Government officials.
05/11/2022
EFG Hermes recognised by Financial Times
EFG Hermes was one of the only 10 African financial services companies listed on the ranking for the year and ranked 55th fastest-growing company in Africa
05/10/2022
Why an Anti-Corruption Programme is essential for African startups looking to scale up
"Through that work, what we saw as a firm was that there was a real need for international best practice standard compliance advisory and counselling for firms facing the challenge of doing business in Africa."