Managers of Wealth Africa

CBK holds base lending rate at 7 per cent

“This is supported by lower food prices, the impact of the reduction of VAT and muted demand pressures,” Njoroge said.

Be fraud smart, Access Bank urges customers

Over the last few months, the number of reported fraud cases has spiked considerably.

Business interruption claims to cost Old Mutual over R650m

Group makes ‘settlement’ offer in the wake of financial regulators reaching a landmark agreement with insurers to assist virus-hit small businesses

Zim bourse to resume trading - minus Old Mutual and PPC

Authorities said the investigations had failed to find direct evidence of involvement by the companies themselves in the trading of their shares, but that they would remain suspended.

NMS to settle small traders’ pending bills

Mr Badi said they will use the Professor PLO Lumumba-led committee’s audit report on pending bills to determine genuine claims and make payments with other large amounts left to the county government to settle.

Treasury goes back to highly liquid bonds market for Sh110bn

It is these funds that the government is now targeting in the new sales announced Tuesday, pointing to efforts to frontload on domestic debt early in the fiscal year, taking advantage of the high liquidity in the market and relatively low interest rates.

‘We are on our own’: Experts call for overhaul of African investment post-coronavirus

Many African nations are not borrowing as much as those in developed markets, but are charged at much higher rates for debt due to demand for higher risk premiums from international investors.

AIIB's membership in Africa grows

The bank has begun to finance projects on the African continent with AIIB's president and board of directors having approved up to 600 million U.S. dollars in financing for three projects in Egypt so far.

Why African countries are reluctant to take up COVID-19 debt relief

But private creditors that hold commercial debt have not been willing to participate in debt relief.

South Africa faces wealth deterioration crisis

What many people don’t realise is that a financial adviser is to a client what a coach is to an athlete.

Digital Lenders Oppose CBK’s Plans to Regulate Mobile Loan Interest Rates

Instead of regulating interest rates, the Digital Lenders Association (DLAK) is proposing the CBK to adopt risk-based loan pricing models.

Digital lenders oppose rate cap plan

Most banks froze unsecured loans to small- and micro-sized enterprises after introduction of controls on loan charges from September 2016 to November 2019 citing “high” risk of default, forcing a reversal of the law.

Kenya ranked third in Africa to gain from free trade deal

“Most of AfCFTA’s income gains are likely to come from measures that cut red tape and simplify customs procedures,” the World Bank`.

African Development Bank approves $27 million to boost African Union’s COVID-19 Response Initiative

The approval comes on the heels of a meeting of the extended Bureau of the AU Conference of Heads of State and Government with Africa’s private sector on 22 April 2020

Current account deficit narrows on higher inflows

The monetary regulator will shed further light on the inflows and outflows on Thursday when the governor is expected to hold a media briefing on the MPC meeting being held tomorrow.

FATCA and CRS in the South African context – four common misconceptions

All SA entities that have been classified as FIs under FATCA and CRS must perform due diligence procedures to identify reportable account holders.

World’s Best Sub-Custodian Banks 2020

Subcustodians make cross-border securities investing possible

Martin Currie CEO handed top EMEA role as Franklin/Legg deal nears close

Several senior positions are confirmed ahead of the formal creation of the $1.4tn asset management company.

Ghana’s Finance Minister Says Global Investors Are Unfair to Africa

Ofori-Atta has played a leading role in helping to negotiate a debt standstill for African countries.

Old Mutual to Move Zimbabwe Listing as Currency War Escalates

Another meeting is scheduled for next week to resolve administrative issues and discuss the finer details, the people said.

Regulation,Tax & Compliance