Managers of Wealth Africa

Bill and Melinda Gates shake up control of their $50 billion foundation

The Seattle-based foundation said there could be as many as nine members in the future.

Top Nigerian Bank CEOs Kick Off 2022 in Riches. Here is How Much they Made in January 2022

Chief Executive Officers of Nigerian banks made a lot of money during the first four trading weeks of January 2022

What the latest interest rate decision means for future hikes, according to economists

Bloomberg reported that United States Federal Reserve chairman Jerome Powell fired the starting gun for potentially the biggest and fastest tightening of global monetary policy in years.

Fitch affirms Ecobank’s stable outlook

The rating agency reported that Ecobank’s loans have declined in recent years, stressing that it does not see a high risk of the largest Stage 2 loans, which are concentrated within the oil and gas sector, of becoming impaired.

You want to see off the competition? There’s nothing quite like a head start – Gerrit Smit

With almost a third of market share, Amazon is the world’s largest cloud computing business.

The businesses hit hardest by liquidations in South Africa right now – with jobs not coming back

There was a year-on-year decrease of 20.3% in December 2021.

SA’s cost of living remains unaffordable for many

January 1’s minimum wage increase not expected to make much of a difference.

Accountants still relevant in digital age – Wema Bank MD

The Wema Bank boss said understanding business models would help the accountant understand the customer’s business and journey and how to advise him.

Will African banks survive the tech wave?

Consequently, banks had to ramp up their provisions for bad loans.

South Africa’s 2022 economic growth looks ‘grim’, says GlobalData

South Africa has been hit by even more travel restrictions in 2022—around 91 countries currently ban travel to the country, compared to the 60 that first applied travel restrictions in mid-2021.

Randemic: Three FNB customers pocket R13 million just for being vaccinated

It's not just the insurance sector that reward vaccinated clients and customers.

Can hybrid finance unburden Africa’s shaky SME sector?

With the crisis dragging the continent into its first economic recession in 25 years, SMEs bore the brunt with a majority sinking into oblivion.

Top 6 Key Drivers Of Real Estate In Kenya In 2022

KMRC announced a 143.5 percent increase in mortgage loans to primary lenders to 7.0 billion shillings from 2.8 billion shillings.

Richest African's wealth jumps R20 billion in less than a month

The Lagos-based company recently completed a share buyback to boost value.

10 Nigerian Banks Global Scale Ratings Affirmed Under Revised Criteria; Outlooks Stable

The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA).

Zimbabwe: Reserve Bank Faces Difficult Choice

The central bank raised its benchmark interest rate for the first time in three years in November.

Private sector critical to AfCFTA, says minister

PAMA aims to encourage cooperation between African manufacturers such that there can be market transformation in order to grow Small and Medium Enterprise (SMEs) and subsequently create value chains to achieve Africa’s industrialisation agenda.

Capitec Bank Holdings plans R1 billion empowerment share scheme for its employees

The Financial Sector Charter ownership targets require subsidiary Capitec bank to have at least 25percent black ownership, and the current level of black ownership per the B-BBEE scorecard for the 2021 financial year is 19.39 percent.

Genius and luck in asset management

In the second of a series of interviews with veterans of the South African asset management industry, we speak to Coronation’s Tony Gibson.

JP Morgan and Rothschild & Co top M&A financial advisers by value and volume in Middle East & Africa for 2021, finds GlobalData

“Interestingly, Rothschild & Co also managed to secure the fifth position by value, while JP Morgan occupied the second position by volume.”

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