Managers of Wealth Africa

Opening Speech by Dr. Akinwumi A. Adesina, President of The African Development Bank at The 2020 Annual Meetings of The African Development Bank Group

The Bank launched a $10 billion COVID-19 Response Facility to support African countries

S.Africa’s Nedbank hopes worst is over after posting almost 70% profit drop

The bank said its headline earnings per share – the main profit measure in South Africa – stood at 438 cents ($0.2605) in the six months to June 30 compared with 1,435 cents a year earlier.

Will banking brands disappear in the drive for digital integration?

The big question on the minds of banks is how to remain relevant and ‘present’ in the lives of customers when so much of what happens in their transactional lives becomes increasingly invisible, behind the scenes and requiring a minimum, if an

Mauritius 200 years young

ENSafrica will be celebrating our 200-year presence in Mauritius on the 25 September 2020.

Unlocking the potential of African women in business

How can we grow the potential of African women entrepreneurs? Josephine Anan Ankomah looks at how technology can be employed to provide women-led businesses with greater financial support.

What young people have to say about race and inequality in South Africa

As our research shows, ideologies of meritocracy and individualism create obstacles for collective action towards a more equal and just society.

Salary advances raise Co-op phone loans to Sh91bn

The increased uptake of salary advances coincides with the period in which the discovery of first Covid-19 case in Kenya on March 13 triggered job losses and salary cuts, disrupting financial plans of salaried people.

Banks' strategies lack integrated ESG criteria

Banks around the world have not yet fully integrated environmental, social and governance criteria (ESG) into their strategies.

Rebuilding Africa and strengthening its resilience against future economic shocks by Charles Leyeka Lufumpa

By Charles Leyeka Lufumpa, Acting Chief Economist and Vice President for Economic Governance and Knowledge Management at the African Development Bank Group

SA business owners reluctant to incur more debt under current economic conditions - Basa

Banks had voluntarily offered financial relief of R19.45 billion to individuals and of R13.38 billion to commercial and small and medium enterprises.

Post Covid economy must be climate resilient - Ramaphosa

The coronavirus pandemic is devastating, but unless we act now, the impact of climate change on humanity will be catastrophic.

Regional Integration as a Tool for Wealth Creation in Africa By Khaled Sherif

There is a need to focus on fundamentals: producing more of what Africa consumes, and consuming more of what Africa produces

SA is moving closer to a death spiral, says Allan Gray’s new investment head

"The inability to arrest the speed at which public-sector debt is accumulated will force the country deeper into this debt trap."

Wealthy Kenyans Increase Appetite for Foreign Citizenships

Billionaires acquire more passports through various investment migration programs, where they are required to make substantial investments in government bonds, real estate, or infrastructure development.

Pension industry bullish amid Coronavirus bite on contributions

Association of Retirement Benefits Schemes Chairman Simon Nyakundi says increased awareness on the importance of savings will boost the national pension coverage.

’Remain vigilant’ - Fear runs high after Experian data breach

The fraudster was identified and the Experian team successfully impounded the individual’s hardware and the misappropriated data was secured and deleted.

The rich rush to buy foreign citizenships

Over the years, investment migration, which is based on wealth, has become a multibillion-dollar industry.

Beneficial ownership disclosure is crucial in the fight against procurement ‘hyenas’

Recent weeks have seen a number of revelations regarding the destination of publisc funds earmarked for the procurement of life-saving PPE by government.

State of the nation: SA economy in recession – is there hope for investors?

Six months on and the country is still reeling from an economic recession as cases/deaths increase at an alarming rate.

S.Africa's Nedbank says half year profit will fall by over two-thirds

The credit loss ratio (CLR) is a banking measure that shows what proportion of loans are at risk.

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