Managers of Wealth Africa

Bank maps post-covid Africa

In an address at the start of his second term at the helm of the AfDB, Adesina said: “The COVID-19 pandemic has changed everything globally."

Jobs report reveals 3.17m idle youth as companies stop hiring

The youth are the hardest hit by joblessness compared to their counterparts above 35 years in an economic setting that is plagued by job cuts and hiring freezes on the back of sluggish corporate earnings.

Africa’s Gathering Debt Storm

Without rapid and vastly increased external help to weather the COVID-19 storm and ease their debt-service burden, many African economies could collapse. This would directly affect the rich world in ways for which it is not prepared.

Morale booster as medical credit fund crosses Sh1bn disbursement

As a non-bank, MCF partners with mainstream banks for loan disbursements. Mr Okongo notes that some banks’ unwillingness to grow their health portfolio as a concern.

“We must help Africa build back boldly, but smartly,” says African Development Bank President Adesina

The President stressed the new framework would enhance and complement the Bank’s High-5 priorities

July diaspora inflows drop to Sh29bn amid US unrest

Remittances in the seven months to July were 3.9 percent higher than in the same period in 2019.

Adesola Adeduntan to Be Honored By Forbes

To illustrate its breadth of influence, Forbes has reported that this year’s award presentation will feature a keynote address by former Nigerian President, Olusegun Obasanjo, a peerless leader known far and wide.

Building The Financial Services and Fintech Ecosystem Foundation in Angola

The country’s natural resource wealth and growing population does show a long-term growth potential, despite its current challenges and now coupled with the pandemic of the coronavirus.

Sh9bn coronavirus funds remain unused in counties

Kenya yesterday recorded 373 new Covid-19 cases bringing the number to 33,389 while fatalities rose to 567 after three people died.

Opening Speech by Dr. Akinwumi A. Adesina, President of The African Development Bank at The 2020 Annual Meetings of The African Development Bank Group

The Bank launched a $10 billion COVID-19 Response Facility to support African countries

S.Africa’s Nedbank hopes worst is over after posting almost 70% profit drop

The bank said its headline earnings per share – the main profit measure in South Africa – stood at 438 cents ($0.2605) in the six months to June 30 compared with 1,435 cents a year earlier.

Will banking brands disappear in the drive for digital integration?

The big question on the minds of banks is how to remain relevant and ‘present’ in the lives of customers when so much of what happens in their transactional lives becomes increasingly invisible, behind the scenes and requiring a minimum, if an

Mauritius 200 years young

ENSafrica will be celebrating our 200-year presence in Mauritius on the 25 September 2020.

Unlocking the potential of African women in business

How can we grow the potential of African women entrepreneurs? Josephine Anan Ankomah looks at how technology can be employed to provide women-led businesses with greater financial support.

What young people have to say about race and inequality in South Africa

As our research shows, ideologies of meritocracy and individualism create obstacles for collective action towards a more equal and just society.

Salary advances raise Co-op phone loans to Sh91bn

The increased uptake of salary advances coincides with the period in which the discovery of first Covid-19 case in Kenya on March 13 triggered job losses and salary cuts, disrupting financial plans of salaried people.

Banks' strategies lack integrated ESG criteria

Banks around the world have not yet fully integrated environmental, social and governance criteria (ESG) into their strategies.

Rebuilding Africa and strengthening its resilience against future economic shocks by Charles Leyeka Lufumpa

By Charles Leyeka Lufumpa, Acting Chief Economist and Vice President for Economic Governance and Knowledge Management at the African Development Bank Group

SA business owners reluctant to incur more debt under current economic conditions - Basa

Banks had voluntarily offered financial relief of R19.45 billion to individuals and of R13.38 billion to commercial and small and medium enterprises.

Post Covid economy must be climate resilient - Ramaphosa

The coronavirus pandemic is devastating, but unless we act now, the impact of climate change on humanity will be catastrophic.

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