Managers of Wealth Africa

How Africa is setting an example for Arabs

Taking a cue from the African Union, the Arab world can create a viable free trade zone

West Africa’s eco: What difference would a single currency make?

Critics worry that Nigeria, the region’s biggest economy, will dominate monetary policy and stall the projected benefits.

Morocco, Rising African Power- Le Point writes

The oil and gas rich Algeria failed to keep pace with Morocco which “had to build using its own means and banking on its centuries-old history” as a sovereign state.

What's driving Russia's interest in Africa?

We look at rising Russia-Africa trade, the economics behind the S-400 deal, and new players in the gaming industry.

Ethiopia: ‘Land of Origins’, Africa’s fastest growing economy

Our diplomatic relations with Kuwait are very strong. We share lots of issues of common interest. Ethiopia is strategically located in the African region, where multinational companies thrive.

South Africa’s biggest banks still dominate despite competition

Local branches of international banks account for 5.6% of banking sector assets at the end of March 2019 (March 2018: 5.9%), while other banks represented 3.8% at the end of March 2019 (March 2018: 3.9%).

15,000 dead pensioners axed from State payroll

The State had been paying relatives and dependents of dead people retirement benefits, helped by the growing use of ATM cards and mobile banking, which do not require the physical presence of beneficiaries in banking halls.

We are not paying ghosts, pensions chief tells auditor

About 221,590 claimants with irregular or no tax PIN were paid Sh44 billion, some 7,166 others with irregular identity cards got an undisclosed amount, with 232 claimants having shared Sh152.8 million, according to the report.

Niger’s President calls for support to accelerate development projects

“We commend the African Development Bank Group for its support to the region’s development projects, as it is engaged in the process of the African Development Fund (ADF) replenishment and the General Capital Increase,” said President Is

Is banking security in Africa holding fintech back?

Most of this fraud was put down by the agency to bogus calls which make individuals think they’re talking to their bank, and, of course, phishing emails.

KENYA: Deposits in small banks on the rise: survey

The share of Tier Three banks of total deposits in the banking industry remained relatively small and not likely to substantially influence the overall growth of deposits.

Deutsche Bank jobs massacre: Here's what we know about the situation in Sandton

The job cuts will reduce the massive bank's global workforce to 74,000 – which means that more than a fifth of workers at the bank will be out of a job – and strip out €6 billion (roughly R94 billion) in costs.

South Africans’ rising insurance risk

In the face of improved life expectancy and an increasing burden of disease, an overemphasis on life insurance over ‘survival’ cover may be detrimental to South Africans

Deloitte payment report identifies four trends

They ranged from the regulators, the payment system operator, through to the retail banks, neo-banks, payment service providers, financial technology providers, e-commerce payment service providers and large retailers.

Sub-Saharan Africa: Citigroup conducts largest M&A deals in H1 2019

Most of the top ten of these transactions are in the process of being finalized.

Ghana is now the fastest-growing mobile money market in Africa

This is largely attributable to mobile accounts, with 20% of digital-wallet users being previously unbanked.

Behind Russia’s growing influence in Africa

To make the situation worse, in 2018 alone, thousands of Russian companies are said to have closed their operations thanks to diplomatic isolation from Europe and the US over Syria.

Africa Deal Roundup: 15 noteworthy deals and announcements in June

The bank, which operates in South Africa, is majority-owned by African Rainbow Capital

World Bank warns Kenya on risk of expensive loans

"I worry about increased indebtedness in Africa," Dr Ghanem said in an interview shortly after meeting with President Uhuru Kenyatta at State House, Nairobi, this week.

Where do South Africa's wealthy spend their money?

So where do they spend their money? Where do they live, eat, dine and drive?

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