Managers of Wealth Africa

Strengthening Economic Recovery Process in Nigeria

After a wave of scathing criticism that trailed some of our past policies, many of these measures are today widely applauded as brilliant and conscientious actions.

Big banks don't cry - but new research shows maybe they should

If consumers were to update their relationship status with the finance industry on social media, it would no doubt say - it's complicated.

Kenya tops in African banks bad loan study

Latest Central Bank of Kenya (CBK) data shows the ratio of bad loans to total loan book among Kenyan banks stood at 12.3 percent at the end of October, having come down from 12.7 percent in August largely due to improved recovery efforts on the trade, per

Banks exposed to public debt pile, Moody’s warns

Banks have in the last two years been ramping up bonds in reaction to the capping of interest rates on customer loan at four per cent above the prevailing Central Bank Rate.

Three subsidiaries of Pan-African banking group Oragroup win The Banker "Bank of the year award"

The three subsidiaries of the Oragroup Banking Group, in Burkina Faso, Senegal and Togo won the award for best bank in their respective countries. This award is presented by The Banker magazine, a publication of the Financial Times group.

South Africa Has Neglected Financial-Market Conduct, SARB Says

Focus of regulators has mainly been on prudential regulation

McKinsey says fintechs threat to Kenyan banks

McKinsey notes fintechs are increasingly influential in digital and mobile payments and credit, having raised over Sh30 billion in capital and gained over 20 million customers.

These are the top hobbies that SA's wealthy people get up to

As shown above, the golf is currently the most popular pastime for HNWIs in South Africa followed by art collecting and then cycling and mountain biking.

Africa must stop corruption or be swallowed

Africa is endowed with a vast array of natural resources that if properly governed, present the continent with a massive potential for harnessing the much-needed financial resources for development and therefore the need to stop corruption

NEPI Rockcastle slams Viceroy report, calls for probe into short-seller’s conduct

Viceroy is no stranger to controversy after claiming in February that Capitec Bank was a loan shark

Aberdeen Standard maps countries on ESG credentials

The research found that, without globalisation, poverty reduction in developing nations would not have happened over the past 20 years

Nigeria vows to promote banking system

Nigeria on Tuesday said it would remain focused and committed to the protection of depositors and promotion of safe, sound and stable banking system in the country.

African Bank aiming for the ‘juggernaut’ against competitors

The transactional account, together with the African Bank app, are already in pilot phases with about 3000 of its employees now using it.

South Africa business confidence falls for third straight quarter: survey

South Africa’s central bank this month increased its benchmark lending rate for the first time in nearly three years

African Bank profit surges by 29%

African Bank's savings and investment portfolio increased by 225% to R1.111 billion.

Why Africa is the world's last frontier market

Six of the top 10 fastest growing economies in 2018 are African countries

Five reasons cryptocurrency prices are plunging again

There are several factors behind the collapse in prices, with many of them the flip side of what drew people to cryptocurrencies in the first place.

These 6 Nigerian banks made N261 million from charges and commissions in 9 months

An analysis of the figures show that UBA, Access Bank and Zenith Bank led with highest deductions for the period under review.

New EIB study on banking in Africa

The report also portrays the state of bank recovery and resolution laws in Africa and maps out policy options to finance infrastructure development.

The Big Cybersecurity Question When It Comes To SA’s Digital Banks

Closer to home, a certain South African bank fell victim to serious cybercrime in 2016, losing around R300 million in an ATM fraud hit from Japan.

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