Managers of Wealth Africa

TymeBank, Discovery Bank see customer gains during lockdown

The bank, which adds an average of 100 000 to 120 000 customers a month, breached these numbers in May.

People are turning to retirement savings to cope with lockdown, but most don't have enough

Retirement savings surveys show people didn't have much to begin with when the coronavirus hit.

Remote work is not enough to increase workplace productivity in Africa’s major tech cities

Briter Bridges released a report (PDF) for the last quarter of 2019 revealing that the frequency of tech hubs in Africa has increased to 643 with South Africa, Nigeria, Kenya, and Egypt making up 42.6%.

Africa’s growth stands to rebound to 3% in 2021

Post COVID-19: Africa’s growth stands to rebound to 3% in 2021, African Development Bank says in African Economic Outlook 2020 Supplement

How much money South African banks have given in coronavirus support – and why they won’t offer debt write-offs

Relief granted to commercial, small and medium enterprises amounted to R12.39 billion, with banks approving 132,508 (95.5%) of 138,675 applications for assistance.

Partnerships that’ll unlock cash flow and cut bad loans

It is a vicious cycle that if unchecked will leave a trail of collapsed businesses, triggering mass unemployment and the attendant socio-economic costs. A three-pronged economic recovery strategy can pull Kenya out of the grips of recession.

KENYA: Current account deficit narrows to 5.2pc in May

The pandemic led to reduced demand from the export destinations as countries placed lockdown measures to curb the spread of the virus.

Women in arid areas miss out on gains of empowerment fund

The report tabled before Parliament shows that women in West Pokot County have so far taken Sh39.8 million

South Africa – The 1% country

Global investment for the South Africa is just a percentage

Richest Person In South Africa: Nicky Oppenheimer Net Worth

South Africa’s natural resources cannot be underestimated. It is home to vast reserves of valuable minerals such as gold, silver, platinum, nickel and coal, among others.

Edo govt spends N25bn on pension, clears arrears with N4.3bn

The State Government exercised political will and has been committed to the payment of pension arrears

Bank chiefs forecast credit growth, economic activity

This was in addition to the stimulus package pronounced in the budget, expected demand for personal loans to cope with effects of the pandemic, and the need for loan moratoriums and restructuring by businesses.

Some experts are uncertain of what to expect from money markets in H2 2020

In the meantime, liquidity in the Nigerian banking system is said to be below N100 billion

Assessing Private Sector Intervention in Covid-19 Fight

The bank’s role in the collaboration underscores its well-known visionary and exemplary leadership initiative in times of crises.

How far will the R3bn recapitalisation take the Land Bank?

The recapitalisation won't solve all Land Bank's problems

Banks, Other Lenders Urged to Finance Africa’s Economy

On his part, CEO, Ghana Investment Promotion Centre, Mr. Yofi Grant, said lack of capital goes with poor institutional growth and because most of our companies start from a micro-space so it becomes difficult to make big leaps, hence we need great thinker

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