Managers of Wealth Africa

Can AFCFTA Deliver On What It Promises?

While the AfCFTA agreement does not itself regulate the protection of investments

Zimbabwe stops stock exchange trading and mobile money transactions to stabilise currency

Inflation in the southern African nation is at 786% and its economy is forecast to shrink as much as 10% this year, according to the World Bank

Six financial ombuds offices are lost in limbo

The Financial Sector Regulation Act was introduced to the National Assembly way back in October 2015 and in part establishes a new ombud structure as a national public entity for the purposes of the Public Finance Management Act.

African Anti-graft Agencies Move to Halt Movement of Illicit Funds

“There is a lot of loot in Ghana. We are already talking with them and plans are in place to recover them. We will recover them”,

African countries making headway in tackling tax evasion and money laundering, 2020 Tax Transparency report says

The report provides comparable tax transparency statistics to aid decision makers to address illicit fund flows. The 2020 report covers 32 Global Forum member countries, and three non-members: Angola, Guinea Bissau and Malawi.

Nedbank, 702 and CapeTalk launch their 'Nedbank Business Ignite campaign'

The campaign will be on air again on 702 and CapeTalk on Mondy, 29 June with the focus on helping small businesses and entrepreneurs to transform their businesses after the COVID-19 pandemic.

Ghana bank governor fears ballooning deficit not sustainable

The bank's Monetary Policy Committee will meet in July and assess the impact of current measures.

Keep more of your money

Are you future ready? Considerations to maximise your after-tax income.

Standard Bank heading for another action-packed AGM

NGO shareholder activist Just Share has led the charge with a call to shareholders of the biggest bank in South Africa to vote against the re-election of five “climate-conflicted” directors.

African Bank warns over increase in defaults on loans amid Covid-19 pandemic

Excluding the Covid-19 specific adjustment, the bank said it recorded a net profit after tax of R85 million on a pre-Covid-19 adjustment basis

Equity Bank scraps ATMA acquisition plans due to Covid-19 uncertainty

“After careful consideration, EGH and ATMA have mutually agreed to discontinue discussions on the transaction for the foreseeable future.”

African Development Bank ranks 4th on global index of transparency

Publish What You Fund ranked the Bank ‘very good’ — The highest of the five categories used to assess organisations’ transparency

Africa’s Biggest Bank Faces Protest Over Pipeline Funding Plan

Uganda discovered commercially viable oil deposits in 2006 and plans to start production in 2023-24.

Kenya proposes CMA to regulate private equity firms

If the amendment is passed by Parliament, CMA will have the powers to scrutinise the books of firms that have attracted resources from public funds considering that pension schemes investments in PE firms has been on a growth trajectory in recent years.

Regulation,Tax & Compliance