Managers of Wealth Africa

Kenya’s Safaricom ranks among 10 most valuable companies in Africa

Equity was ranked 82nd, EABL 90th, and KCB 92nd.

Access Bank shareholders reaping gains of post-merger

The Group delivered a 26 percent increase in gross earnings of N666.8billion from N528.7billion in 2018, comprising interest in-come growth of 41 percent from previous levels to N155.9billion despite declining interest rate environment.

Healing a Traumatised Economy

The central bank also unveiled a N100 billion health sector credit facility for operators in the sector.

Uganda's reserves will decline sharply without external help – IMF

“This would be below the adequate level of reserves for Uganda, and would leave the country in a vulnerable position,”

Nigeria can no longer afford presidential system of government –Aganga

Some told me point blank it was impossible and others argued that a section of the Constitution required all revenues to be paid into the federation account and distributed.

Kenya needs Sh223bn to plug shortfall

Exports, foreign direct investment as well as portfolio investments that support the shilling are expected to be constrained, also leading to a fall in the gross domestic product (GDP) growth to the lowest level in more than a decade.

The most complained-about banks in South Africa

Across all banking services, internet banking drew the most complaints, followed by credit cards, ATMs and current accounts.

Morocco’s GDP to shrink by 2 per cent in 2020

Jordan, Morocco and Tunisia are expected to contract this year, while Egypt is projected to report a small growth rate of 0.5 per cent.

Coronavirus is stifling South Africa's economy, but are businesses ready to reopen?

More recently, 46 people at factories owned by fishing company I&J tested positive for Covid-19, Netwerk24 reported.

South African Rand: 50% Unemployment Now Possible says Investec as they Slash GDP Forecasts for 2020, Citing Harsh Lockdown

Half of the population could be out of work by end-2020

A career redefined by African Bank’s collapse

Fund manager Sam Houlie has changed his approach to value investing.

African banks confident on growth of cashless payments

Banks in Africa and Middle East are the strongest believers in a cashless society, according to a global retail banking survey released by Temenos, a banking software company.

Stock market wipes out Kenyan pensioners’ $350m in just three months

Nobody knows how long this Covid-19 situation is going to last because it is an unusual situation.

BNP Paribas sees below-target SA inflation paving way for lower rates

The bank sees inflation breaching the lower bound of the Reserve Bank’s target range and potentially staying there until the second quarter of 2021

Coronavirus impact: Major crisis awaits banking sector – PwC

The report says the most vulnerable sectors will, hence, be trade and commerce, hospitality and leisure, construction, oil and gas, education, transport and storage, and financial and insurance activities.

The economic resilience of African countries offers a template for growth in a post-Covid-19 era

Over the past decade, Africa has been one of the fastest-growing regions in the world.

Managers see opportunity in emerging markets amid pandemic

Emerging markets are set to contract by 1% in 2020 before rebounding 6.6% next year, according to IMF projections published in April.

Financial relief: Make sure you understand all the pros and cons

It’s always safer to work through an accredited financial services provider.

Free self-care tips that can help you manage stress during the coronavirus pandemic

Connecting with others even online with a video chat or on the phone.

Business confidence plunges to all-time low as coronavirus upends economy

The index, compiled by the SA Chamber of Commerce and Industry's index, slumped to 77.8 in April from 89.9 in March.

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