Managers of Wealth Africa

3 major ways COVID-19 will affect Banks’ 2020 profits

The oil price crash coupled with border closures have worsened Nigeria’s FX deficit.

Stand up for clients, businesses, banks told

Basically, as banks, we need to roll up our sleeves and support businesses so that we can ensure that if there is a recession, we can recover quickly.

Standard Bank Group CEO on a post-crisis Africa

In South Africa we think we will have a gross domestic product (GDP) decline of 8.5%, with a bounce of 6.5% next year.

Ecobank Announces Fintech Challenge Finalists

The bank explained that the finalists would pitch their products to a jury for the cash prizes for the top three, worth $10,000, $7,000, and $5,000.

AfDB: Adesina good to go again

Adesina, along with Dr. Ngozi Okonjo-Iweala, Arunma Oteh and others, are great Nigerian-born international technocrats who have made our country and Africa proud, excelling in all posts they have occupied.

Botswana Rough Diamond Sales Fall Due to Coronavirus Travel Ban

While officials have declined to give exact estimates, they have said production will be well below the original target of 23 million carats.

South Africa Risks ‘Fiscal Dominance,’ Bank Governor Tells FT

South Africa, which has recorded more than half a million infections to date, is facing its biggest downturn in 90 years this year as industry slowly reopens from restrictions.

Offshore Bank, Investment And Trust Accounts – Are These Still Allowed?

With all the complexity around moving wealth offshore, the real brainteaser for most is how to do it as quickly and cost effectively as possible

Record gold price gives miners a good lifeline in South Africa

“Gold mining companies will spew a lot of cash in the next 12 months,” said Franco Lorenzani, an independent mining analyst.

What Is Next For The Banking Industry In Ghana?

The Central Bank of Ghana traces its roots to the Bank of the Gold Coast (BGC), where it was nurtured.

Mobile money deals growth at 2-year low

The slow growth has come as Kenyans grapple with depressed earnings due to adverse effects of restrictions imposed to curb the spread of the coronavirus.

The People’s Banker: ‘Entrepreneurship Means Folding Up Your Sleeves And Working’

While it may seem contradictory, it was this deeply communal atmosphere that inspired the business that Mwangi built.

Secure digital identity takes on new importance for South Africans amid lockdowns

Digital schools are also faced with resistance due to the country’s challenges, including traditional school-related fraud.

Liberty reports R2.2 billion loss as it prepares for more Covid-19 death claims

Death and disability payments made by Liberty in the past six months increased by 5.1% to R5.3 billion.

Commentary: The impact of COVID-19 on African infrastructure

We expect to see a marked economic slowdown through this year and into 2021.

As coronavirus cases rise, Africa’s economic recovery hangs in the balance

The surge has come despite President Cyril Ramaphosa having introduced some of the world’s strictest lockdown measures in late March, which were intended to buy hospitals time and were gradually eased out of economic necessity.

For SA to prosper the state must stop trying to kill the private sector

The private sector is the only sector that creates value, despite the rhetoric from politicians looking for someone or something to blame and the incessant think pieces from academics decrying the evil capitalist system while enjoying its trappings.

JPMorgan revamps shareholder activism defense practice -sources

Hunker, who had worked at JPMorgan for 16 years, will join Ernst & Young and lead the professional services firm's push in advising boards on shareholder enragement, three people familiar with the matter said.

Here’s Why Tony Elumelu Believes Now Is the Time to Invest in Africa

So they’re trying to make an enabling environment in their markets and in their countries to attract foreign investments.

Africa in the eye of the storm as Covid-19 cases near one million

Kenya has the highest number of infections within the East African Community, with over 20,000 cases, while Tanzania has not reported its caseload for nearly four months.

Comment, Analysis & Research