Managers of Wealth Africa

Tanzanian Government ambitious for development of Islamic Finance: Minister of Finance

AlHuda's 7th African Islamic Finance Summit Inaugurated in Dar es Salaam - Tanzania

Big relief for banks as Ghana exits money laundering list

This delayed transactions, raised the cost and slowed down business, the Chief Executive Officer of the GAB, Mr John Awuah, said.

Seismic shift as Nedbank moves to hybrid work-from-home model

Only 60% of office staff will work on its campuses on any given day.

Where South Africa’s lockdown restrictions, the economy and the rand are heading right now: Nedbank

From Q4 onwards, the recovery is likely to resume, the bank said.

What are employers’ and employees’ remote working rights (and responsibilities) during Adjusted Alert Level 4?

Can employers force their employees to work at the workplace?

Risks remain elevated for banks as 2021 may bring more business insolvencies - report

Its report, titled Global Risk 2021: Building a Stronger, Healthier Bank, said while banks proved their tenacity in 2020 by providing relief to customers without denting their financial standing much, it was now time to tend to their own health.

‘Nigerian banks’ earnings resilient over interest rate cycle’

The positive outliers for growth are Access Bank (growing quickly even before its 2019 merger with Diamond Bank), UBA and Zenith Bank.’

What Financial Choices for Africa in the Face of Climate Change?

All this, however, costs money, and with high debt levels, especially post-pandemic, many countries in the region lack the needed fiscal space.

Risk of debt defaults in Africa has increased – AfDB

“Public debt now exceeds 50% of GDP in nearly half of its regional member countries. Over the last decade, Africa increased its debt at a faster rate than any other region.”

Naira fears dominate business circles

The unofficial cash parallel market rate stands at N503/$1 by the close of business on June 30.

We’re committed to supporting African businesses – UBA

The bank said it had deepened its consumer lending product offerings to deliver services that would empower the customers and stimulate economic growth on the continent.

These are South Africa’s biggest banks in 2021

While South Africa’s banks continue to dominate the ranking in Africa as a whole, The Banker said that pressure on financial institutions as a result of the Covid-19 pandemic was clear.

Mauritius moves one-step closer to exiting the FATF increased monitoring list

A decision will be made at the next plenary meeting, scheduled for October 2021, to assess the exit of Mauritius from the FATF Grey list.

Household finances in South Africa expected to improve – but recovery will be slowed by lockdown: Nedbank

Economic activity continued to recover in the first quarter of 2021, boosting household finances, Nedbank said.

Bank of Industry debunks reports of unsecured lending

The remaining 7% of the loan portfolio are secured with legal mortgages and / or debentures as well as guarantees.

Top 7 banks in Nigeria by market valuation

The bank’s market value is the cumulative value of the financial institution which includes all subsidiaries and commercial assets.

Herbert Wigwe emerges African banker of year second time, consecutively

Mr Wigwe was recognised for his stellar leadership in the market expansion of Sub-Saharan Africa’s largest bank despite the negative impact of the COVID-19.

BIS Annual Economic Report 2021

In the coming year, issues such as corporate insolvencies and capital and labour reallocation will come to the fore.

Refinitiv releases findings of 2021 Financial Crime in the Middle East and North Africa survey

Covid-19 put an enormous burden on the risk and compliance functions in a very short amount of time

Aja: CBN Did Not Ban Trading Of Cryptocurrencies

Mr. Idika Aja is a securities and investment analyst as well as a chartered stockbroker. In this chat with Tony Chukwunyem, he speaks on developments in the banking industry and other topical issues in the financial sector

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