Managers of Wealth Africa

Doo Prime Gains Mauritius Regulator’s Discount Broker License

The brokerage is also licensed under the Vanuatu regulator.

UAP renegotiates Sh10 billion loans burden on losses

“By mutual agreement with the directors of Old Mutual Holdings Limited, the maturity date of the loans has been extended to 2021 as the directors make arrangements to settle the loan,” the insurer said in the report.

MPs want Kenya to renegotiate commercial loans

Majority Leader Aden Duale said the budget is being prepared at a time when the economy is stressed and it ought to respond to the challenges of a crisis whose timeline is unknown.

UAP renegotiates Sh10 billion loans burden on losses

Old Mutual is UAP’s controlling shareholder with a stake of 60.5 percent and which was acquired in 2015 at a cost of Sh20 billion from a consortium of investors including businessman Chris Kirubi.

Digital lenders name and shame rogue peers as CBK noose draws closer

The first ever condemnation of a peer by the digital lenders comes even as the Central Bank of Kenya (CBK) pursues regulations to tame the credit only start-ups following numerous complaints by Kenyans.

Banks Get Major Boost To Combat Money Laundering In Real Time…As CWG Links Up With Clari5

With 200 mn accounts at a single site, Clari5 has the world’s largest implementation of a fraud management solution.

Genghis Capital announces partnership with EGM Securities

The partnership allows Genghis Capital to offer its clients the ability to trade for themselves in the global space.

Absa's split from Barclays as good as complete

The process of separating from Barclays is now 99% complete

We need stricter regulations for private equity fund firms

Whilst Fairmont’s case comes against the background of a government-ordered shutdown of many economic activities, some cases are simply egregious.

African Development Bank approves $288.5 million for Nigeria COVID-19 Response Support Program

The loan is the Bank’s initial response to help mitigate the slump in oil prices and its impact on the national economy

Shinhan, Hana team up to participate in Africa syndicated loan

Shinhan was recognized for its overseas project financing experience involving wind energy and telecommunications

How Eurobond owners forced Kenya from G20 debt relief

The goal was to free up more than $20 billion (Sh2 trillion) that poor or struggling governments could use to buttress their health services.

African Development Bank approves new five-year strategy for Nigeria amidst COVID-19 concerns

The approval was made on 27 May 2020

Irene Charnley Must Vacate Her Seat on the PIC Board, Urges Holomisa

The United Democratic Movement would argue that there is enough evidence to warrant that Charnley must vacate her seat on the PIC board immediately.

Sanlam Uganda insurance company pays back its premium clients

As the global pandemic continues to wreak havoc across the world, it has not only claimed over 300,000 lives but also businesses says Lutakome.

African equity capital markets activity see downward turn, but increase in domestic investors

The Making Finance Work for Africa (MFW4A) partnership and PwC Nigeria co-hosted a webinar to explore the impact of COVID-19 on African capital markets last month

US demands probe of AfDB chief’s conduct

The US is AfDB’s second largest shareholder after Nigeria with a 6.5 per cent stake

Long awaited OTC Margin Rules are now final

The key piece of information the industry has been waiting for, the start date for the phasing in of the requirements to post IM and VM

African Development Bank Reduces Poverty After a Decade of Transformative Action

The replenishment represented a 35% increase in financing for low-income African countries at the end of the fifteenth replenishment of the African Development Fund, the concessional window of the Bank Group.

Payments push interbank rate to 7-month low

As a result of the payments, commercial banks were able to retain an excess of Sh35.2 billion at the CBK vaults relative to the minimum of 4.25 percent of their total deposits as required by the authority.

Regulation,Tax & Compliance