Managers of Wealth Africa

Thousands of kilograms of Zim gold being smuggled into South Africa, says minister

According to Finance Minister Mthuli Ncube, this has resulted in close to 34 tonnes of gold being smuggled to South Africa.

Millions Of Kenyans Missing Out On Pension Schemes, Warns NSSF

The MD spoke in Nakuru Friday, where the fund launched a product dubbed ‘haba haba’ that is fashioned to enable workers in the informal sector make contributions towards their retirement through a mobile phone platform.

Corporate Kenya is still a man’s world, says gender equity report

The report looks into four parameters in ranking the firms, that is, commitment, transparency and accountability, gender balance in leadership and workforce, equal compensation as well as work-life balance, policies promoting gender equality.

Investec Property Fund Delivers Robust Performance

The subdued South African economy and its impact on the tenant base continues to constrain the growth of the local portfolio.

KCB profit rises to Sh19.2 billion on high income

KCB received an additional Sh60 billion customer deposits to close at Sh586.7 billion.

African drum... Barbados to establish diplomatic missions in Ghana, Kenya

African countries were now being seen as the next emerging economic superpower on the global stage

Equity Group confident of growth in Ethiopian market

Kenya's Equity Group opened its representative office in June 2019

South Africa’s Richest People

Patrice’s net worth is estimated at R25.4 billion.

Mobile phone loans raise CRB reports 181pc

Banks have followed suit and the ease of digital borrowing has created an ever-growing pool of distressed borrowers.

Income and Wealth not the Driver for Prosperity in High-Growth Markets - Global Study

The research by PayU found that three quarters of people in high-growth markets do not identify wealth and income as a driving factor of prosperity.

ENSafrica: Privacy in brief

ENSafrica’s newsworthy stories on data privacy and compliance

Mobile phone loans raise CRB reports 181pc

Banks have followed suit and the ease of digital borrowing has created an ever-growing pool of distressed borrowers.

So what would a Moody’s downgrade actually mean for South Africa?

For better or worse, we are highly geared to changes in risk appetite

Zimbabweans seek to shelter savings

Makani’s road to disillusionment with Zimbabwe’s pensions system dates to 2009, when hyperinflation forced the government to abandon its sovereign currency and adopt the United States dollar.

Why South Africans are closing their bank accounts – and where they’re going instead

Customers threatening to cancel accounts

KCB makes U-turn on keeping NBK after merger

NBK deposits dropped to Sh82.5 billion in September from Sh91.3 billion in June, a period when the market had knowledge of the merger crafted as rescue deal aimed at pulling the mid-tier lender out of its perennial low liquidity troubles.

East Africa faces debt crisis as borrowing surpasses $100b mark

The International Monetary Fund considers a debt to GDP ratio of 50 per cent to be within the tolerable limit for developing economies such as the EAC members.

Companies run by billionaires are better for investors

This is one of the findings of the annual UBS and PwC Billionaires Insights report, The Billionaire Effect.

Seychelles: Searching for yield surrounded by the Indian Ocean

The Seychelles comprises 115 islands in the Indian Ocean, spread across a vast area to the east of mainland Africa and north of Madagascar.

This is what awaits South Africa if Moody’s cuts credit rating to junk

If Moody’s does downgrade South Africa, rand bonds will be excluded from the FTSE World Government Bond Indexes, which comprise 14 currencies including the dollar and yen, and have about $3 trillion tracking them.

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