Managers of Wealth Africa

Here’s Why Tony Elumelu Believes Now Is the Time to Invest in Africa

So they’re trying to make an enabling environment in their markets and in their countries to attract foreign investments.

Africa in the eye of the storm as Covid-19 cases near one million

Kenya has the highest number of infections within the East African Community, with over 20,000 cases, while Tanzania has not reported its caseload for nearly four months.

BoU Deputy Governor finally reports to office

In 2008 he took up an assignment with the International Monetary Fund (IMF) serving as Deputy Director of the African Department (AFR).

Positive reaction to Telkom’s financial services adventure

In SA, leading operators MTN and Vodacom have already made headway in financial services.

Nigerian banks squeezed as central bank shores up naira

He expects banks’ revenues to drop at least 20% this year, though he did not expect any to make a loss.

Bank stock valuations slide below historical averages

Since the beginning of the year, banks’ share prices at the NSE have dropped by between 18 and 42 percent, while the need to preserve capital has seen a number of lenders track back on proposed dividend payments, further hurting their shares’

Private equity prepares to step up as Africa looks to fund its recovery

In fact, the private equity industry is positioning itself to play a bigger role in injecting life into southern African economies.

Sanlam banks on IT to drive post-COVID-19 growth

The biggest opportunity in growing the Sanlam Kenya business lies in tapping technology to reach new market segments.

How to avoid paying double tax on your offshore investments

Given that South African residents are taxable on a worldwide basis, the rental arising in respect of the offshore property is taxable under our local tax act.

Safaricom to earn 13pc interest from Sh20 daily handset loans

Those paying in installments will pay a total of Sh6, 500, translating to an additional hire purchase cost of Sh500, which is equivalent to an annual interest of 13.27 percent.

COVID-19: A shift in private equity operational behaviours

GPs will be left with a deeper understanding of portfolio companies and the challenges they face on a day-to-day basis, encouraging more effective and regular communication going forward.

Independent experts clear African Development Bank chief

The Panel concurs with the Committee in its findings in respect of all the allegations against the President and finds that they were properly considered and dismissed by the Committee.

Open banking the future of financial services, say analysts

“Open banking in Africa will play a pivotal role in offering financial services to large sectors of the population who have never had access to financial services before.

NSE’s best, worst stocks during Covid-19 revealed

This analysis is based on investors who bought shares in mid-March and measures their return at the end of the trading yesterday.

Kganyago says inflation 'won't be a problem' as bank cuts rates for fifth time this year

Some economists however feel the MPC could have introduced deeper cuts, given the unprecedented economic crisis brought on by the Covid-19 pandemic.

African Development Bank commits $1.04 million towards two COVID-19 research projects in Angola

The Angolan Government intends to promote research and enhance capacity in the health sector, against the backdrop of the COVID-19 pandemic

Nigeria is not our biggest market, it’s our biggest opportunity – Ecobank

They also acknowledged that “Nigeria has a difficult macro environment”.

South Africans turn to debt and dip into savings to survive

More consumers can't pay accounts, the latest Old Mutual Savings and Investment Monitor shows

South Africa won't be fixed - and the worst is on the way

With this bungling of the economy under the ANC, I see this country not being fixed, and the situation getting worse for at least the next two decades.

South Africa’s Banking Playground Mostly Remains The Turf Of Only 5

That is the percentage of the market share they hold as at 21st March, 2020.

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