Managers of Wealth Africa

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.

AfDB impacts in Africa endorse Adesina’s second-term bid as president

To deal with the situation, the AfDB initiated what it called ‘Desert to Power’ programme in 2017, in order to ‘light up and power’ the Sahel with electricity supply through photovoltaic (PV) solar systems

Nigeria’s pension assets rise to N10.8 trillion in May 2020

PenCom’s Acting DG said pension fund managers have been very cautious about where they invest.

Can record low interest rates give SA's equity market the boost it's been looking for?

In South Africa, banks like TymeBank and African Bank, which boasted some of the country's best rates, have revised their annual interest rates.

Public debt up to Sh6.6trn in May on Covid-19 loans

Of the total amount, $750 million was from the International Development Association, to be repaid over a 30-year period, after a grace period of five years, at 1.35 percent interest.

Why South Africa – much like Zimbabwe - can’t print money to pay for Covid-19

If the government cuts total public sector wages by only 7%, it would free up enough money to pay a R350 per month Basic Income Grant to every person without a job between the ages of 19 and 59, says Moola.

Markets make strong rebound

The financial sector felt the effects of the pandemic more severely.

USD15 trillion to be passed to Millennials, Gen X and Y in the next decade

This equates to more than USD15 trillion – which is higher than China’s annual GDP. Regionally, 41 per cent of this wealth will be transferred from the Americas, 32 per cent from EMEA and 27.5 per cent from Asia-Pacific.

CBN retains monetary policy rates, says Nigerian economy strong despite COVID-19 pandemic

At the briefing on Monday, the CBN governor said the MPC decided to retain all the monetary policy rates to allow the various intervention programmes time to take effect.

DBN Highlights Benefits of Credit Guarantee to MSMEs

They all alluded to the fact there was need to increase awareness in ensuring that the much-needed stimulus and alternative means of facilitating financing are discovered to stem the shock to Nigeria’s economic and financial system.

Investor confidence plunges by 0.08 per cent amid uncertainty

Analysts argued that the sectorial rotation and performance have been volatile in the recent period, causing the market outlook to remain unstable.

BAT retrenchment costs hit Sh1.1bn in four years

The redundancy expense was lowest in 2018 at Sh29.8 million.

SA extends its longest slump since 1945

The economy entered the 80th month of a weakening cycle in July, according to data in the Reserve Bank’s Quarterly Bulletin released Thursday.

Africa in the news: African women vie for leadership positions; Ethiopia, Côte d’Ivoire, and Tanzania updates

This will not be the first time Opoku-Agyeman has broken gender barriers.

Are African businesses getting skeptical about private equity?

Private equity is a form of financing where funds and investors invest directly in potentially high growth companies that are privately owned for a specific period.

Reaching More With Less In Wealth Management

Changing client needs demand that wealth solutions are offered 24/7, cross-platform, self-service financial products that work on their terms.

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