Managers of Wealth Africa

Zimbabwe banks may struggle to meet deadline

The minimum capital threshold for micro-finance institutions has been set at US$25 000 local currency equivalent.

Averting a Covid-19 security crisis in Africa

We have seen that in some African countries, such as Rwanda, where the government grounded all passenger flights for 30 days after confirming just 11 cases of the virus, and then placed the entire country on lockdown for 28 days.

Binance Spinoff Aims To Be Bitcoin-Powered Venmo Of Africa

The startup is being run by Africans in an effort to get Africans to use cryptocurrency, not as an investment vehicle, but as a global means of exchange.

KCB most attractive Kenyan bank - report

The report, themed “Increased Consolidation in the Banking Sector” said the lender’s attractiveness has been supported by a strong franchise value and intrinsic value score.

Coronavirus: Chinese Billionaire, Jack Ma Announces Third Set Of Donation To Africa

This announcement was made by Jack Ma on Monday, April 20 via his verified Twitter handle.

Firms postpone dividends payment

There have been severe disturbances to business operations and some value chains.

China in Africa

The partnership agreement, signed today, sees Africa’s leading energy event organizer join hands with China’s top trade and investment association in South Africa

Finding Africa’s path

The number of recorded COVID-19 cases in Africa, at about 15,000 on April 14, is still relatively small, but it is growing fast.

Why SA needs a stimulus plan

And why the local bond market is the longer-term solution.

BlackRock AUM drops CHF 1tn, with long-term outflows in EMEA

The world’s largest asset manager’s AUM fell to $6.4tn (CHF 6.2tn), compared to $7.4tn (CHF 7.2tn) at the end of 2019.

For AfDB, One Good Term Deserves Another

The Bank under Adesina has continued to provide support to countries as well as private sector organisations in the continent, in a bid to ensure that Africa remains attractive.

How to invest in uncertain times: 6 Essential tips you should follow

If the markets fall due to widespread panic and uncertainty, it may seem like you need to cash out to protect your capital.

Mozambique lowers growth forecast over COVID-19

The government expects to collect revenue of roughly 235 billion meticais ($3.5 billion) against expenditure of 345 billion meticais.

African govts not in a position to offer economic rescue packages

Constancy firm McKinsey reckons that although the Covid-19 crisis is stretching the capacity of governments across the world, African governments face even greater challenges that make it impossible to unleash stimulus packages.

After COVID-19, what will Africa look like in 2030 and 2063? (by Banji Oyelaran-Oyeyinka)

African leaders need to look in the mirror and ask where this continent will be in 2030 and 2063

Banks cash reserves above CBK limits rise to Sh41.3bn

The cut on the threshold for the first time since 2008, when the country faced the twin shocks of global financial crisis and deadly post-election skirmishes, freed up Sh35.2 billion for lending to homes and businesses.

Downgrade may be push to speed up structural reforms and turn economy around

Results of countries such as Portugal and Brazil that have done just this bode well for SA

South African companies should offer mental wellbeing support as part of coronavirus measures: legal expert

Mather noted that the World Health Organisation (WHO) has already flagged the rising stress levels that the Covid-19 crisis is generating, and countries such as Australia have announced government-funded programmes to help its citizens cope with the menta

Africa can’t go back to ‘business as usual’ when Covid-19 is over

Just imagine this: if what we are experiencing today was a virus that attacked machines and not human beings, normal life would go on — handshakes, kisses and hugs would still symbolise friendship, love and comfort and not the threat of infection.

Fitch sees budget deficit at 4-year high on corona

Kenya was expecting its budget gap to shrink to 4.9 percent of GDP in the current financial year, with the shortfall for 2024 seen at 3.3 per cent.

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