Managers of Wealth Africa

Namibia ranked 7th in growth of millionaires

The fastest growing African countries in terms of millionaire growth are Mauritius and Ethiopia, according to the firm

BNY Mellon report predicts that investor demand for real assets will surge by 2020

The survey also revealed that more than a third of infrastructure and real estate fund managers had altered their investment approach

Africa follows UAE in taking the free zone route

With lagging commodity prices driving the downturn, many countries are looking at special economic zones (SEZ) with a renewed sense of urgency.

African private equity funding hits $4.3bn amidst ‘high growth expectations’

Prices paid by private equity (PE) firms for stakes in African companies are at a six-year high, with global investors showing “strong interest in investing in Africa’s real economy”, new research

Tanzania Comes Top in Mobile Banking

Kenya leads the region

Do pension funds know where they’re heading?

Significant percentage doesn’t have a minimum stated targeted income – Sanlam Benchmark Survey.

Africa leads the way with mobile data

Fibre is the current buzzword in South Africa and trenches are being dug and filled with fibre cable across the globe, barring much of the rest of Africa.

Nigeria one of world’s worst places to do business — World Bank

While Nigeria’s ranking for starting business dropped eight places from 131st position in 2015 to 139th; dealing with construction permits remained unchanged at 175th spot as last year.

Biggest salary increases in South Africa in 2016

The review is published annually, presenting the opportunity to track year-on-year changes in market-related pay across 10 sectors in South Africa.

Fitch Ratings lowers Mozambique’s credit rating to “CCC”

Fitch said that, when taking into account the recently announced loans, Mozambique’s public debt in 2015 stood at 83 percent of gross domestic product (GDP)

World's Biggest Investors Step Up Action to Protect Millions of Pensions from Climate Risk

Pension funds account for nearly two thirds of the index (322) and insurers nearly a quarter (118).

CFA Institute survey indicates substantial impact of robo-advisers on investment management

Investment professionals concerned with flaws in automated advice, mis-selling of financial advice, and data protection

What global banks think about South Africa’s hopes for growth

Inflation eased from 7.0% in February to 6.3% in March. Looking forward, the group said inflation is expected to remain at relatively-high levels amid a weak currency and a food supply shortage.

A Call For Boldness

Afro-Arab ties have forged foreign investment links, but diversification, infrastructure development and security improvements are next up in transforming into high-income countries

Ins and outs of Islamic banking

The fundamental difference is that Islamic banking is strictly aligned with Islamic jurisprudence.

Big shift in racial distribution of South Africa’s super-rich

This goal is expected to be reached by 2030.

Africa private equity exits reach a 9 year high

The research found that private equity firms have retained their investments longer and waited for the right opportunity to exit as macroeconomic uncertainty has increased.

FBN Bank (UK) reviews strategy under new CEO

FBN Bank (UK) is set to expand its teams, not only on the front line, but also by hiring people in its risk distribution unit to assist in originating deals

Nigeria: Union Bank to Implement Cost Reduction Strategy

The managing director of Union Bank of Nigeria, Mr Emeka Emuwa, has said the bank will sustain its improved performance recorded in the first quarter through cost reduction strategy.

South African businessmen among the UK’s top 25 richest people

Overall, the 1,000 wealthiest people in Britain are worth a combined £576 billion (R12 trillion) – an increase of £28.5 billion (R595 billion) on last year.

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