Managers of Wealth Africa

Pension assets face plunge as jobs dry up

Still, total pension fund assets under management in Nigeria was steady at 10.6 trillion naira ($27.3 billion) in April, almost the same level as in February.

Fidelity Bank MD, Nnamdi Okonkwo: Quiet Revolution Making Loud Impact

A few weeks ago, Fidelity Bank announced that its gross earnings for the first quarter of 2020 grew by 5.7% in relation to the previous quarter.

7 Ways Non-Interest Finance Can Support Nigeria's Economic Sustainability - Dr. Basheer Oshodi

Speaking on the Economic Sustainability Plan (ESP), Dr. Oshodi believed the opportunities in the industry are enormous, and it is time for effective collaboration amongst stakeholders to support the economy.

Why it’s now cheaper for South Africans to emigrate to Mauritius

The validity of an Occupation Permit has also been extended from three to 10 years.

Kampala the least expensive city to live, Nairobi most costly in East Africa

According to Mercer’s 26th annual Cost of Living Survey, Victoria in the Seychelles is the most expensive city to live in Africa

Analytics Intelligence wants to help African companies better understand customer data

With over 15 years of experience, Edoja has worked on data analytics projects of different multinationals.

Why is Standard Bank embroiled in the financing of the potentially disastrous East Africa oil pipeline?

Africa’s largest bank, Standard Bank, on the other hand, has moved to block shareholder participation and shut down debate by preventing the tabling of two independent resolutions on climate change risk. Shareholders would be right to be concerned.

Investment flows in Africa set to drop 25% to 40% in 2020

All industries on the continent are reeling from the double blow of the coronavirus pandemic and low commodity prices, UNCTAD’s new report says.

NSE reopens bearish as investors’ lose N119 billion amid profit-taking

Capital market analysts attributed the decline to profit-taking in stocks that have gained, maintaining a bearish outlook this week, as market fundamental remains susceptible to the negative effect of the COVID-19 pandemic and geo-political tensions.

Characteristics Of Sustainable Business Leaders - RESEARCH

The report sets out to discover what can be learned from business leaders who are integrating sustainability across strategy, operations and stakeholder engagement and what this means for how board and C-suite leaders are selected.

COVID-19 and job loss

The world economy was shutdown to restrict movements and general interaction given that the virus is largely transmitted through human contact.

Commercial Banks Restructure Loans Worth Over Sh360bn – Treasury

This was part of measures adopted by the Government to support Kenyans from a looming economic crisis caused by the outbreak of the disease in the country.

Kenya targets to create 1.7m jobs, jumpstart growth with $28b spend

The government has revised the country’s growth prospects for 2020 to as low as 2.5 per cent from 6.1 per cent compared with last year’s growth of 5.4 per cent.

Nigeria and Other African Countries Should Go Digital to Boost Trade

GAVI, The Vaccine Alliance, whose board I chair, is one of the central organisations involved in trying to find, develop and distribute COVID-19 vaccine or vaccines.

Coronavirus pandemic to hit bank dividend payouts hard in 2021

All factors considered, my projection is that about 18 per cent of loans could be classified as non-performing by the close of 2020.

South African banks well-positioned to handle covid-19 shocks better than other banks in emerging markets

Outstanding doubtful loans, which are often at very low levels, are expected to reach 1.2% of total outstanding loans to the economy.

Sanlam Group cautions as new business volumes surge by 33%

Sanlam said at group level, overall new business volumes in April had declined to 12 percent lower than the average for the three months to March 31.

WeChat Wallet in South Africa shuts down

The company announced that all WeChat Wallet users will become Standard Bank Instant Money users.

Forbes Ranks Top Five Banks In SA

Forbes partnered with market research firm Statista to produce their list of the World’s Best Banks.

Why Swiss-style SME funding can work for Kenya

They seem to want Kenya to be a country where young men and women can have faith that if they work hard and get a good education, they will be able to find the kind of employment or entrepreneurial options, that guarantee them a good middle-class life.

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