Managers of Wealth Africa

We are fighting for survival not profits, says Equity boss

The Equity boss is one of the country’s business leaders

Nigeria: Nwodo - Patronising Cash Management Companies Will Save Banks Huge Cost

The CIT companies essentially distribute cash from point to point, city to city, branch to branch, branch to CBN and retailers to banks etc.

More South Africans are bringing their offshore investments back into the country – what you need to know

If you are a South African resident who has made the informed decision to repatriate offshore funds back to South Africa, the good news is that the process is relatively simple and straightforward.

Is African philanthropy under-valued?

The network has drawn experience and knowledge of about 79 institutions that work with ordinary individuals in the African continent and the diaspora, currently working in 48 out of 55 nations.

‘Africa’s economic outlook is positive’

The Bank is seeking to expand the number of bankable projects in Africa and has set aside $100 million for project preparation activities in low-income countries.

These charts show how a shrinking economy hurts South African banks

The South African Reserve Bank in March eased capital rules for lenders to free up their balance sheets so they can better help customers with extra loans or by rescheduling existing credit.

What to consider when accessing your offshore funds to improve cashflow

Similarly, following due processes will ensure that these funds, or a portion thereof, can simply be taken offshore again in the future.

African Fund Managers: Governance at the heart of investment decisions

The main factors influencing their choices when it comes to new markets are: market regulation (for 91% of respondents), followed by regulation imposed on investors and the availability of price and market data (each with 90%).

Africa’s rich see politics as a risk to wealth

These individuals came from different industries,including education,property,oil and gas,manufacturing,financial services,banking,entertainment,retail,and construction.

Opinion: African Innovators Not Hitting Pause During COVID

Innovations in healthcare, online learning and fintech continue in Africa during the pandemic, Lydiah Bosire writes

COVID-19: Banks expected to further slash shareholder pay

It is also possible that commercial banks could see subdued growth in interest income from the sector-wide extension of loan repayment to borrowers in line with directives by the Central Bank of Kenya (CBK).

Healthy banks essential for Covid-19 economic recovery

Palliative measures to soften the negative income effects have not been strong or far-reaching enough in most countries – many complain they are yet to receive anything from their governments.

Botswana diamond exports plummets 68% as De Beers sales slumped $1 billion

Botswanan Central Bank data published later last week had unfurled that the diamond-rich Southern African country’s diamond exports had beaten an apocalyptic retreat of 68 per cent over the second quarter of the year.

3 major ways COVID-19 will affect Banks’ 2020 profits

The oil price crash coupled with border closures have worsened Nigeria’s FX deficit.

Stand up for clients, businesses, banks told

Basically, as banks, we need to roll up our sleeves and support businesses so that we can ensure that if there is a recession, we can recover quickly.

Standard Bank Group CEO on a post-crisis Africa

In South Africa we think we will have a gross domestic product (GDP) decline of 8.5%, with a bounce of 6.5% next year.

Ecobank Announces Fintech Challenge Finalists

The bank explained that the finalists would pitch their products to a jury for the cash prizes for the top three, worth $10,000, $7,000, and $5,000.

AfDB: Adesina good to go again

Adesina, along with Dr. Ngozi Okonjo-Iweala, Arunma Oteh and others, are great Nigerian-born international technocrats who have made our country and Africa proud, excelling in all posts they have occupied.

Botswana Rough Diamond Sales Fall Due to Coronavirus Travel Ban

While officials have declined to give exact estimates, they have said production will be well below the original target of 23 million carats.

South Africa Risks ‘Fiscal Dominance,’ Bank Governor Tells FT

South Africa, which has recorded more than half a million infections to date, is facing its biggest downturn in 90 years this year as industry slowly reopens from restrictions.

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