Managers of Wealth Africa

Exim Bank’s ‘Tuesday Market’ is best market initiative in Africa

Dr. Eradiri indicated that the award is intended to spur GEXIM to do more within its mandate to impact more individual SMEs and the entire ecosystem.

Nigerian Private Sector Productivity Contracts First Time Since December 2020

According to the report, this resulted in business conditions improving at the weakest rate for almost 18 months as companies responded by raising their staffing levels, purchases and stocks of inputs reduced rates in June.

85% of adults in South Africa now have a bank account, says World Bank

The report, which gathers data on global access to financial services for 123 countries, found that the combination of traditional back accounts and phone-based financial services was behind the steep increase.

Nigerian adults with bank accounts hit 45% — World Bank

Nigeria’s account ownership growth grew from 30 per cent to 45 per cent in the period under review.

Tunisia’s banks to record 'subdued' profits amid economic crisis, Moody's says

Intense competition for deposits will keep lenders' interest margins tight, although higher interest rates on loans will provide some relief

3 things that will decide South Africa’s next big interest rate hike in July

The South African Reserve Bank is now forecast to follow up the 50bps hike in May with another 50bps rise in July.

Motheo Khoaripe speaks to Sugendhree Reddy, CEO at Access Bank

Two years later, Nigerian Bank group, Access Bank bought into the financial services provider, and now trades as Access Bank South Africa.

5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today

EBRD, EIB and World Bank launch new report on MENA’s economy

The chart shows average GDP per capita growth for 2008-2020.

Firstbank, Eloy Foundation Promote Sustainability Of Female Owned Businesses

The business shower will avail businesses of a platform to pitch their ideas to win seed grants and join the ELOY Foundation Sustainable Empowerment Programme 2022.

Why Ethiopia’s local fintechs are worried

The country’s financial regulator, The National Bank of Ethiopia, is amending a decade-old Payment System law, allowing foreign investors, for the first time, to set up business in Ethiopia as digital financial services providers.

One in three wealth managers expect dramatic expansion over the next three years, Oxford Risk research shows

The forecasts of expansion build on the impact of the COVID-19 pandemic in terms of on the adoption of technology across the region with lockdowns and restrictions forcing companies to find new ways of working.

How much you need to save to retire comfortably in South Africa

“The proportion of people who expect to keep earning in retirement is particularly worrying considering South Africa’s alarming unemployment figures,”

South Africa’s disposable income squeezed further by latest hikes: FNB

The bank cited data published in May which shows that it takes an average of five days for a middle-income consumer to spend up to 80% of their monthly salary.

39% of African Banks Now Commit At Least $3 Million to Digital Transformation and Innovation Annually

The survey found that banks lack a skilled workforce, with 465 of those interviewed regarding this as the biggest threat.

Dr. Alkhareif stresses the need for ADB's efforts to support economic diversification in Africa

Alkhareif indicated that Saudi Arabia is open to consider

New Bright Africa research points to strong private equity growth, powered by Mauritius

Mauritius has already firmly established itself as a gateway for investment into Africa through its robust banking, taxation, fiduciary, and fund management infrastructure and mature regulatory investment fund framework.

African Bank CEO on his 'audacious' goal: 'We are no longer a micro-lender'

The bank came out of curatorship in 2016, splitting itself between the "good" and the "bad" bank that formed Residual Debt Services Ltd.

Banks send price hike warning to South Africa

The government could provide further support to cushion consumers from escalating petrol prices, but for now, headline inflation is likely to average 6.4% in the second quarte

'They are not okay' – 1 in 5 people 'very stressed' as South Africans face cash crunch

The company's survey and interviews with focus groups show that many more people are struggling to make their money stretch to the next pay day.

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