Managers of Wealth Africa

StanChart Bad Loan Momentum Continues

Loan loss provisions will continue dominating headlines for bank earnings in the first quarter and Standard Chartered is not alone in facing balance sheet headwinds.

Banking's New Reality: Getting Remote Work Right (Part 1 of a Multipart Series)

Here are the common missteps banks should avoid to successfully enable remote work and digital operations, during the pandemic and beyond.

Covid pandemic could fuel fresh interest in diaspora bonds: World Bank

World Bank officials warned that developing economies could suffer close to 3% decline in economic output

This is what the coronavirus recession could look like, according to global CEOs

The survey found that 11% of chief executives see coronavirus as a risk to the survival of their firm, while a further 40% say the pandemic poses a severe threat.

COVID-19 Spot Survey: Implications on Globally Mobile Employees

Assignees remaining in host country locations are being directed to follow local country mandates including stay-at/work-from-home and self-quarantining as needed.

Will the COVID-19 crisis close the wage gap?

Martin Hopkins, President of the South African Reward Association (SARA) and Master Reward Specialist, says getting executives to lead by voluntary example by accepting pay reduction currently is the appropriate thing to do from several viewpoints.

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.

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