Managers of Wealth Africa

Commercial Banks Restructure Loans Worth Over Sh360bn – Treasury

This was part of measures adopted by the Government to support Kenyans from a looming economic crisis caused by the outbreak of the disease in the country.

Kenya targets to create 1.7m jobs, jumpstart growth with $28b spend

The government has revised the country’s growth prospects for 2020 to as low as 2.5 per cent from 6.1 per cent compared with last year’s growth of 5.4 per cent.

Nigeria and Other African Countries Should Go Digital to Boost Trade

GAVI, The Vaccine Alliance, whose board I chair, is one of the central organisations involved in trying to find, develop and distribute COVID-19 vaccine or vaccines.

Coronavirus pandemic to hit bank dividend payouts hard in 2021

All factors considered, my projection is that about 18 per cent of loans could be classified as non-performing by the close of 2020.

South African banks well-positioned to handle covid-19 shocks better than other banks in emerging markets

Outstanding doubtful loans, which are often at very low levels, are expected to reach 1.2% of total outstanding loans to the economy.

Sanlam Group cautions as new business volumes surge by 33%

Sanlam said at group level, overall new business volumes in April had declined to 12 percent lower than the average for the three months to March 31.

WeChat Wallet in South Africa shuts down

The company announced that all WeChat Wallet users will become Standard Bank Instant Money users.

Forbes Ranks Top Five Banks In SA

Forbes partnered with market research firm Statista to produce their list of the World’s Best Banks.

Why Swiss-style SME funding can work for Kenya

They seem to want Kenya to be a country where young men and women can have faith that if they work hard and get a good education, they will be able to find the kind of employment or entrepreneurial options, that guarantee them a good middle-class life.

Why Swiss-style SME funding can work for Kenya

The world economy on a tightrope

The global outlook is highly uncertain

Northern Trust Whole Office To Accelerate Growth

Last month Northern Trust announced an alliance with BlackRock as part of this Whole Office strategy of working with other firms.

Equity CEO pay climbs to Sh65m on non-cash perks

In the previous year, he earned a salary of Sh56.7 million (4.72 million per month) and allowances of Sh3.7 million.

Address hurdles facing Kenyan banking sector

Latest Central Bank of Kenya (CBK) data shows that the ratio of non-performing loans rose from 12.5 percent to 13.1 percent by end of April, the highest since August 2007 when it stood at 14.41 percent.

African Capital Markets Activity Sees Further Decline in 2019 - PWC Report

African economies now face the unprecedented challenge of the COVID-19 pandemic that has severely impacted global financial markets, say Andrew Nevin, PwC Nigeria

There is still some rough with the most popular smoothed returns

Investing in a smoothed bonus portfolio means you pay more for protection from market losses

Banks' capacity to withstand shocks improves - BoG stress tests reveal

The report said solvency of the banking sector continued to improve during the year under review.

Kenya now third-largest economy in sub-Saharan Africa

IMF estimates South Africa’s GDP at Sh36 trillion in 2019, while Nigeria’s total wealth was estimated at Sh44.6 trillion.

The more things change, the more they stay the same

Earnings differences amplified by virus and apparent indifference noted – a look at Trencor, Tongaat, Capitec and others.

Nigeria: 10 Banks Earn N22 Billion On Account Maintenance Charges

Account maintenance fee may be low when compared to other revenue streams, still make up a significant portion of their non-interest income.

Comment, Analysis & Research