Managers of Wealth Africa

Beware of sensational news around prescribed assets in South Africa

The biggest target for these attacks is retirement annuities

The long-anticipated relaxation of the South African Exchange Control Rules

The "loop" structure and investments restriction were lifted to promote inward investments into South Africa

DRC’s problems with Kenya’s Equity Bank and James Mwangi

At the end of December, the Kenyan financial services giant – which reported revenue of KSh76bn in 2019 – received the green light to merge its banking network with the newly acquired company, thereby increasing its stake in Equity BCDC to mor

Nigeria: IMF Foresees Improved Capital Spending in Nigeria

The average overall fiscal balance was estimated to be lower in 2020 by 1.7 percentage points of GDP, and the average public debt increased by 5.2 percentage points to 48.5 per cent of GDP at end-2020.

CBK backs banks to lift growth despite lending risks

CBK attributes the increase in NPLs to the subdued business environment, and banks continuing to make provisions – funds set aside to cover loans unlikely to be repaid, as COVID-19 impact borrowers’ income streams.

Treasury eyes Sh50 billion in new bond

It is this excess liquidity that the Treasury is hoping to tap in the new issuance.

EBRD signs €20 million risk-sharing facility with Bank Attijari Tunisia

Since the outbreak of the coronavirus pandemic, existing challenges to access funding and liquidity have become even more acute and further constraining the growth of many private businesses.

Beware of 'fake' PSG and Stanlib, authorities say

SA’s financial watchdog has warned investors not to use the services of a group that calls itself PSG Fund Investment.

Signature of a Memorandum of Understanding between BANK OF AFRICA BMCE Group and Islamic Corporation for the Insurance of Investment and Export Credit

This Memorandum of Understanding was signed by: Mr. Brahim BENJELLOUN TOUIMI, Administrator Managing Director of BANK OF AFRICA BMCE Group, and Mr. Mohammed AGOUMI, Managing Director, in charge of International Division of BANK OF AFRICA BMCE Group and Mr

New African Development Bank-Global Center on Adaptation (GCA) initiative will galvanize $25 billion to scale up African climate adaptation

The announcement came during the Climate Adaptation Summit (CAS) 2021, hosted by the government of the Netherlands and the Global Center on Adaptation

Signing of memorandum of understanding (MoU) Between Development of the Private Sector (ICD) and SQB Securities, Uzbekistan

Mr. Sejiny stressed the importance of the MoU in increasing capacity-building, promoting knowledge-sharing and supporting greater sustainable access to finance across ICD member countries

Bolt Home Mauritius: Road map to engaging and attracting Diaspora development

By bolstering the level of international experience and expertise on the island, Bolt Home Mauritius can play a key role in securing a prosperous future for the country through a digital marketplace and mobile app.

Credit demand seen rising as businesses recover from Covid hit

Analysts have projected that CBK is likely to approve the risk-based pricing model that would see the cost of loans jump by one to 1.5 percentage points.

Kenyans abroad set to get incentives for investment

The Bill seeks to amend the Kenya Citizenship and Immigration Act to require Foreign Affairs Cabinet Secretary, in consultation with the relevant Kenya mission to promote the establishment of voluntary savings scheme for Kenyans living abroad.

AU member states adopt digital Covid certificates

The AU has already notified all its members on the new applications for the simplified health-related immigration processing for travellers and port officials to ensure the continent continues to control the spread of Covid-19.

Loan rates to jump on loosening CBK controls

The rates were finally removed in 2019, but banks were required to develop loan pricing formulas to be approved by the CBK.

Kenya now eyes Sh69bn debt service suspension

The move comes days after a decision by the Paris Club of international decision to give Kenya a Sh32.9 billion loan repayment break to help ease the financial distresses linked to Covid-19.

Absa fires, lays criminal charges against data leak employee

The data that was shared does not include passwords or PIN codes.

Loan rates to jump on loosening CBK controls

This formed a rallying call for Members of Parliament to cap interest rates in 2016 at 4 basis points above CBR.

Kenya now eyes Sh69bn debt service suspension

He added that Nairobi is also engaging Beijing, which is Nairobi's largest bilateral creditor under the framework.

Regulation,Tax & Compliance