Managers of Wealth Africa

‘Nigerian banks’ earnings resilient over interest rate cycle’

The positive outliers for growth are Access Bank (growing quickly even before its 2019 merger with Diamond Bank), UBA and Zenith Bank.’

What Financial Choices for Africa in the Face of Climate Change?

All this, however, costs money, and with high debt levels, especially post-pandemic, many countries in the region lack the needed fiscal space.

Risk of debt defaults in Africa has increased – AfDB

“Public debt now exceeds 50% of GDP in nearly half of its regional member countries. Over the last decade, Africa increased its debt at a faster rate than any other region.”

Naira fears dominate business circles

The unofficial cash parallel market rate stands at N503/$1 by the close of business on June 30.

We’re committed to supporting African businesses – UBA

The bank said it had deepened its consumer lending product offerings to deliver services that would empower the customers and stimulate economic growth on the continent.

These are South Africa’s biggest banks in 2021

While South Africa’s banks continue to dominate the ranking in Africa as a whole, The Banker said that pressure on financial institutions as a result of the Covid-19 pandemic was clear.

Mauritius moves one-step closer to exiting the FATF increased monitoring list

A decision will be made at the next plenary meeting, scheduled for October 2021, to assess the exit of Mauritius from the FATF Grey list.

Household finances in South Africa expected to improve – but recovery will be slowed by lockdown: Nedbank

Economic activity continued to recover in the first quarter of 2021, boosting household finances, Nedbank said.

Bank of Industry debunks reports of unsecured lending

The remaining 7% of the loan portfolio are secured with legal mortgages and / or debentures as well as guarantees.

Top 7 banks in Nigeria by market valuation

The bank’s market value is the cumulative value of the financial institution which includes all subsidiaries and commercial assets.

Herbert Wigwe emerges African banker of year second time, consecutively

Mr Wigwe was recognised for his stellar leadership in the market expansion of Sub-Saharan Africa’s largest bank despite the negative impact of the COVID-19.

BIS Annual Economic Report 2021

In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.

Refinitiv releases findings of 2021 Financial Crime in the Middle East and North Africa survey

Covid-19 put an enormous burden on the risk and compliance functions in a very short amount of time

Aja: CBN Did Not Ban Trading Of Cryptocurrencies

Mr. Idika Aja is a securities and investment analyst as well as a chartered stockbroker. In this chat with Tony Chukwunyem, he speaks on developments in the banking industry and other topical issues in the financial sector

Can money really buy you happiness in South Africa?

Advisers will gradually shed their role as investment managers and become integrated life/wealth coaches who advise clients on investments, banking, healthcare, protection, taxes, estate and financial wellness needs more broadly.

How South African and offshore trusts differ

There's a common misconception in South Africa that local and offshore trust structures are essentially the same thing.

What’s Next – iOCO’s Simon Just on the future of the workplace

Simon predicts that workforces will have to be combinations of in-office and remote work, where experiences are personalised.

How fintech is driving Africa's digital revolution

By 2017, its "digital payments ecosystem" embraced more than 500 mobile projects connecting almost 100 banks across 34 countries on the continent.

Moroccan Banking Sector Recovery Under Way but Will Be Slow

While we expect the declining trend in LICs to continue, a return to pre-pandemic profitability levels is unlikely until at least 2022 given the slow economic recovery and the still uncertain course of the health crisis.

Profit meets Purpose: Power of Shared Value

Of the 100 largest economic entities in the world, more than two-thirds of them are companies, not countries.

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