Managers of Wealth Africa

The Covid-19 Outbreak

The pandemic has greatly impacted all aspects of daily life: work, travel, tourism, financial markets, food supplies, social activities, public transportation, and much more.

Coronavirus: legal update

Businesses should verify their commercial arrangements to help develop strategies to mitigate business disruption.

Focus: How to work remotely

We respond to emails, reply to texts and take calls at any time to be at the top of our game, even outside of work hours.

Coronavirus Economic Planning: Hoping for the Best, Prepared for the Worst

This blog is part of a special series on the response to the coronavirus.

Nigerian tycoon Jim Ovia will earn $34.5mln of dividend as Zenith Bank CEO

The total shares held by Jim Ovia in his bank were valued at $180.1 million as of March 10, 2020, the deadline for receiving the dividends.

Dangote loses N240b in five hours to coronavirus

Benchmark equities indices indicated an average decline of 3.4 per cent on Weednesday, which is equivalent to net capital depreciation of N426 billion. The equities lost N985 billion between Monday and Tuesday.

Alcohol wipes and travel bans – how South Africa’s big banks are responding to the coronavirus

Standard Bank said it has a rigorous plan in place to ensure business continues in the event of a widespread outbreak in the country.

COVID-19: key questions for employers

Carla Benest (Partner, Jersey) and Rachel Guthrie (Senior Associate, Guernsey)

Coronavirus disease (COVID-19) advice for the public

Most people who become infected experience mild illness and recover, but it can be more severe for others.

7 Ways to Avoid Germs on a Plane

A face mask likely won't ward off coronavirus and flu germs—but hand sanitizer might.

Fiscal Policies to Protect People During the Coronavirus Outbreak

This blog is part of a special series on the response to the coronavirus.

Coronavirus and contracts: Understanding rights, obligations, and protections

While some contracts contain a simple boilerplate force majeure provision, others may be tailored to the specific needs and geographic issues of the parties and provide detailed consequences that follow from invoking the provision.

Shilling hit on CBK’s Sh40 billion dollar buy plan

The CBK announcement saw the shilling weaken by Sh1 a day or the biggest margin in a single session of trading against the dollar since August 2015.

BlockchainAfrica: Building an inclusive, transparent digital African economy

While blockchain might not be a one-size-fits-all solution, it does provide foundational technology that promotes trust, transparency and stability.

Tourism tops key sectors in bad debt rise

Trade sector remained the highest contributor of bad loans for the banking industry, with the sector holding Sh89.4 billion in such debt on recording a two percent growth in the period.

Women-led businesses in Kenya have bigger investment impact

The women businesses in Kenya also have an edge in innovation due to more engagements with customers to establish their special needs.

How PwC helped 'first daughter' dodge taxes, shift profits out of Angola

Her father’s government had already endorsed the venture by granting her company a 10-year income tax holiday.

Jersey’s Commitment to Africa Highlighted Through New Publication

Jersey’s evolving political, commercial and cultural ties with the African continent were highlighted through the launch of a new publication at an event in London this week.

Why prescribed assets could prove disastrous

A study conducted by the World Bank in 1994, titled Developing a Domestic Funding Strategy for South Africa’s Public Sector, covered the experience of several countries that instituted a policy prescribed assets when it was popular in the 1960s and

BEE through Sovereign Wealth Fund would be more equitable

From an outsider’s point of view the deal is very risky, given South Sudan’s history, but sources indicate that that the upside could be huge.

Comment, Analysis & Research