Managers of Wealth Africa

South Africa Current Account Surplus Widened in 1Q

The larger trade surplus resulted from the value of merchandise exports increasing to a record high while the value of imports rose to a lesser extent, the bank said.

South Africa's business confidence is on the rise, new survey shows

Le Roux pointed out that there are some risks like COVID-19 third wave, the danger of additional lockdown restrictions being imposed and load shedding which could easily knock confidence in the period ahead.

W’Bank Raises GDP Growth Forecast for Nigeria to 1.8%

The report stated that output in Sub-Saharan Africa shrank at an estimated 2.4 per cent in 2020 as a result of the COVID-19 pandemic, a milder-than-expected recession.

Here’s how long some people have been sitting without a job in South Africa

The biggest portion of young South Africans with other tertiary qualifications (56%) sit without work for at least a year.

Towards the New Normal, Chapter One: React

No one imagined at the time that it would last so long and that it would mark a momentous change.

South Africa’s economy grew by 1.1% in the first quarter of the year

The official number came in higher than projections from the South African Reserve Bank, which expected GDP growth of 2.7% (annualised) in the first quarter – a figure revised upwards from earlier predictions of 0.2%.

The future of wealth management is hyper-personalisation, says Objectway survey

The paper illustrates interesting findings on the applications of hyper-personalised services in Wealth Management

49% of Nigerian adults have no access to financial services

“This has largely been driven by growth in banking, with 45 percent of Nigerians banked in 2020, up from 40 percent in 2018.

Financial services, products personalization crucial for building trust and inclusion - Victor Asante

This notwithstanding, Ghana’s performance is low compared to some other African countries like South Africa, Botswana, Mauritius and Kenya.

‘Pension funds will continue to support capital market growth’

While it is true that there is a significant room for Pension Fund Administrators (PFAs) to increase allocation to equities, the absolute investment in equities by PFAs was in excess of N850 billion as at December 31, 2020, which is an all-time high.

African Women Can Build a Better Future for All Africans with Oil and Natural Gas if Men Just Step Back

With low taxes, less corruption and limited regulations, you create jobs and attract the critically needed investment to reboot the economy in a post Covid 19 Tanzania.

South African investors just love cryptos; asset managers less so

Market noise and chatter has since been cacophonic but the price remains relatively subdued at $39,400 – though well up on the pre-pandemic price of $5,000.

Key tool to aid Africa’s COVID-19 vaccine financing

Most African countries have financial plans in place to vaccinate the first 3% of their populations

Microlenders’ loss deepens to Sh2bn in tough economy

“The deterioration in performance of the sector was largely attributed to the effects of Covid-19 on the economy, leading to low uptake of credit, high level of non-performing loans (NPLs) and decrease in interest income,”

Africa’s Optimist-In-Chief

Its annual intellectual fiesta usually draws stakeholders from around the world with the aim of heralding a more positively perceived and prosperous Africa.

South African Reserve Bank commences CBDC feasibility study

Despite the positives, the report noted that "there are many issues to consider before the decision to take a DLT-based system into production can be taken.

Net zero carbon: Is it all just hot air?

These GHG, or carbon, emissions have contributed to the steady rise in global temperatures.

Mauritius: Staying at the forefront of International Standards

The COVID-19 pandemic has disrupted the business and investment climate in almost every corner of the globe

Why Mauritius is key to unlocking Africa’s blue economy

The ocean matters.

An Overview of Nigeria and The Potential For Fintech

Other cities in the country that are estimated to be at least one million people include Kano, Ibadan, Benin City and Port Harcourt.

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