Managers of Wealth Africa

Welcoming New Year with a renewed sense of hope

The question of the day is, “are we mentally and spiritually resilient to enter 2021 despite the drawbacks of the year 2020?”

Treasury borrowing from banks up 440pc as tax target falls short

Banks have cited delays by the CBK, the regulator, in approving a risk-based loan pricing formula amid a coronavirus-induced slowdown in economic activities for increased lending to the Treasury at the expense of the private sector.

Only 11% of workforce is enrolled in the pension scheme – PenOp

She assured that contributors under the Contributory Pension Scheme (CPS) can be rest assured that the Pension Fund Administrators (PFAs) and Pension Fund Custodian (PFCs) together with the regulator PenCom will continue to ensure the safety of pension as

South Africa: McKinsey tries to mop up ‘shocking’ state capture mess

KPMG served as the long-standing auditors of the Guptas’ Oakbay Investments.

AfDB Partners GGKP

Nature-based solutions are emerging as essential climate-change mitigation and adaptation strategies in Africa

Workers withdrew N2.18bn pension savings in Q3 – PenCom

Voluntary contributions under these guidelines shall be non-obligatory contributions made by any employee in the formal sector through the employer.

Over 1 million people took loans from banks below 20% interest rate in 1 year- CBN

CBN said over one million banks’ customers took loans from their financial institutions in the last one year below 20% interest rate.

Fitch upgrades five SA banks

Debt ratings have also been upgraded by one notch.

UK imposes flight restrictions on South Africa

At least five other countries, including Germany and Turkey, have banned flights from here.

BBS Limited to re-submit banking licence application

In September 2018, BBS Limited listed its shares on the Botswana Stock Exchange Limited (BSEL) and was hoping to use the move as a springboard to become a fully-fledged commercial bank.

Safaricom cuts low value M-Pesa fees in CBK deal

Safaricom said yesterday the lower fees was in line with an agreement with the banking regulator

CBN debits 23 banks N349.72bn

The recent action by the CBN was sequel to a debit of N226bn recorded a month earlier.

Transparency Int’l asks UK to investigate Ghana gold royalties deal

The prosecutor’s report shared in November led to increased review of the gold royalties deal.

Zimbabwe Central bank to make cash injection to improve liquidity

Local investors have been piling into the stock market to hedge against inflation that climbed above 75% in April.

Highlights on the Settlement Framework issued by the Mauritius FSC

Service defines us, empowers you

How to transact safely online and avoid card fraud over the holidays

While banks take on measures to curtail the menace of cyber and monetary fraud, consumers ought to be more aware of the risks of card fraud and the ways in which they can protect themselves from falling victim.

JPMorgan Ousted as Mideast-Africa’s Top Dealmaker by U.S. Rivals

Citigroup, Morgan Stanley lead region’s IPO, M&A league tables

Nedbank appoints Publicis Groupe compan

A final presentation stage saw Publicis Groupe and two other shortlisted contenders competing in the context of the Nedbank Cup 2021 sponsorship property.

-1.1% GDP growth in line with Central Bank’s projections – BoG

It must be pointed out that this is consistent with the rebound view as the economy has recovered from a contraction of 3.1 percent to 1.1 percent during the quarter.

African Development Bank’s Board of Directors approves the Bank’s borrowing program for 2021

The Bank will continue to promote the development of African Capital markets with the issue of local currency denominated debt to facilitate the financing of its local currency operations

Regulation,Tax & Compliance