Managers of Wealth Africa

Shilling falls to new record low in scramble for dollar

The shilling stood at 106.66 against the dollar ahead of Mr Kenyatta’s announcement.

Paul Perrier: Fundkiss aims to democratise the SME financing landscape in Mauritius

The focus of banks in Mauritius over the past decade has been on global businesses and large corporates.

Plan to allow South African workers' pensions to back state assets raises concerns

The government is seeking access to capital to help fund state-owned enterprises and infrastructure projects

Uganda: Sale of Orient Bank Awaits Bou Approval

Business Daily on July 20 reported that I&M Bank is likely to spend more than Shs2b in acquiring Orient Bank Ltd.

African Development Bank agrees $400 million loan for Mozambique LNG

The project will consist of two LNG trains with a total capacity of around 13 million tons per year.

Standard Bank SA boss, Lungisa Fuzile, on leadership in South Africa right now

Everyone is beginning to grapple with the challenge we now face in the best possible way.”

African Fund Managers Look For Governance In New Markets

Asset managers in Nigeria and the francophone West African countries are the most optimistic about prospects for Africa’s economies.

Ghana: Fidelity Bank, Prudential Life Insurance Extend Bancassurance Deal

She further commented that "the extended partnership incorporates technological innovations that are in line with Fidelity's digital transformation agenda in order to provide added value and convenience to our customers".

South Africa’s banks buckle up for a bumpy ride

GDP growth in 2019 registered 0.2% compared with 0.8% in 2018, making last year the annus horribilis for the South African economy.

Kenya to regulate loan rates of digital lenders with proposed law change

Like other commercial banks, these platforms would need regulatory approval before any major change.

Zimbabwe Mobile Operator Denies Money-Laundering Charge

When it issued the warrant last week, police said they were investigating Econet Wireless for suspected money laundering.

European banking regulator to probe Luanda Leaks’ allegations

European lawmakers have demanded the regulator assess “whether there were breaches of either national or EU law, and to assess the actions taken by financial supervisors.”

A Fishy Business: Shifting Profits Out of Africa

An analysis of the leaked files by Finance Uncovered, as well as public documents and the company’s financial statements, suggest Samherji used various techniques to reduce taxes in Namibia by shifting money to low-tax destinations like Cyprus and M

Coronavirus: IEA proposes 7 economic policy initiatives for Ghana’s immediate, long-term growth

To facilitate Ghana’s immediate and long-term recovery, the IEA stated in a press release that detailed the seven economic policy proposals that the country’s revenue mobilization regime would need a facelift.

It's now easier for SA customers to take legal action against banks

Additionally, steps have been taken to remove restrictive clauses that could potentially have excluded smaller firms from the market.

Kenya records 50pc drop in value of Mergers & Acquisition

Twelve of the 15 deals in the first half of 2020 were cross border transactions.

Dubai authorities rejects the application of Nigerians applying for a tourist visa

Do you think the visa restrictions was due to the arrest of the Nigerian fraudster Hushpuppi?

Total secures Africa's biggest debt financing with LNG deal

French oil major raises $15bn from lenders to develop project in Mozambique

Making the COVID moment count

Most governments’ economic responses to COVID-19 have been aimed at preserving the status quo and facilitating a return to normal.

IFC backs NSIA with €25m

In February 2020, IFC invested in a XOF40bn ($67.5m) securitization program with NSIA.

Regulation,Tax & Compliance