Managers of Wealth Africa

Worst of the Covid storm may be over for battered SA bank stocks

“This means from 2021 onwards, provisions will decrease and profits will increase, which, in our language, means we have an improving theme.”

Worst Year for South African Bank Stocks Offers Glimmers of Hope

The worst of the storm may be over, according to Old Mutual Investment Group, and the $40 billion money manager has adopted an overweight view on the sector.

Buy Your Market, Stay-Away Foreign Investor Advises Nigerians

The naira traded at 386.55 per dollar in the official market on Friday, compared with a black-market rate of 455.

Meet Nigerian Billionaire Who Owns N2 Billion Fleets Of Cars And $12 Million Mansion

Sir Olu Okeowo’s current net worth is estimated at $250 million which is equivalent to 90 billion Naira.

How young African tech entrepreneurs can accelerate development across continent

With such widespread interest, effort must be invested into unleashing Africa’s true potential, with its young entrepreneurs at the forefront of creating this transformation.

Richemont Announces Temporary Suspension Of The Shareholder Loyalty Scheme

The contemplated simplified structure is intended to reduce administrative complexity

Africa’s tourism season — but where are the tourists?

If foreign visitors — 80 percent of his income — don’t arrive for end-of-year vacations, he’ll need the profit from his cattle to stay afloat.

Supporting Economic Growth

While some of the banks may be willing to lend, the challenging operating environment has affected the level of financial support to companies and individuals.

Sh3.3trn bulk cash transfers signal business activity uptick

As a result, cash transacted went up 28.5 percent month-on-month from Sh2.59 trillion in June, signalling a recovery from a 26-month low of Sh2.25 trillion in May, Central Bank of Kenya (CBK) data shows.

Investment tools to consider when investing offshore

Key questions and investment vehicles for investors to consider – Albert Coetzee, co-head of sales at Ninety One.

Jim Ovia is king as Nigeria’s top bank chiefs earn N2.3bn in interim dividend

This follows the final approval of interim dividend in N9.4 billion at N0.30 per share

Herbert Wigwe : A chance to become a global leader

Little wonder then that Wigwe was last week named, the ‘African Banker of the Year’ at the 2020 African Banker Awards.

How Kenya’s growing super-rich make and spend their billions

Kenya’s billionaires made their vast wealth through entrepreneurship, particularly in real estate and construction, a new survey has shown.

9 Tips for Managing Remote Employees

HR should help managers with nine specific activities to ensure employees get the requisite support to tackle the emotional roller coaster of this crisis — and are productive and engaged.

Bank maps post-covid Africa

In an address at the start of his second term at the helm of the AfDB, Adesina said: “The COVID-19 pandemic has changed everything globally."

Jobs report reveals 3.17m idle youth as companies stop hiring

The youth are the hardest hit by joblessness compared to their counterparts above 35 years in an economic setting that is plagued by job cuts and hiring freezes on the back of sluggish corporate earnings.

Africa’s Gathering Debt Storm

Without rapid and vastly increased external help to weather the COVID-19 storm and ease their debt-service burden, many African economies could collapse. This would directly affect the rich world in ways for which it is not prepared.

Morale booster as medical credit fund crosses Sh1bn disbursement

As a non-bank, MCF partners with mainstream banks for loan disbursements. Mr Okongo notes that some banks’ unwillingness to grow their health portfolio as a concern.

“We must help Africa build back boldly, but smartly,” says African Development Bank President Adesina

The President stressed the new framework would enhance and complement the Bank’s High-5 priorities

July diaspora inflows drop to Sh29bn amid US unrest

Remittances in the seven months to July were 3.9 percent higher than in the same period in 2019.

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