Managers of Wealth Africa

Tymebank to roll out unsecured lending in 2020

For banks that are starting out, it’s the lowest hanging fruit to enter the lending market, because they can lend smaller amounts to many people.

Attijariwafa Bank Signs Partnership Agreement with National Bank of Canada

The partnership agreement aims to facilitate banking services for both Moroccans residing in Canada and newcomers.

Andersen Global Strengthens Presence in Nigeria with The New Practice

This is an opportunity for us to strengthen our service offerings and expand our global platform in a seamless manner that aligns with our firm’s values.”

Resolving Kenya’s pending bills calls for two policy moves

Second, given its staggering size, the government has an edge in collecting its debt versus paying the same.

Africa encourages its youth to become entrepreneurs

And the core message of the conference was, “If you are jobless, create your own business for a better future.”

Bank of Baroda to sell Caribbean subsidiary to ANSA bank

After due diligence, empaneled investment banker BOBCAPS Ltd had identified ANSA Merchant Bank Ltd as a potential buyer, Bank of Baroda said.

Government fulfils manifesto promise to clean up banking sector

The NPP has also failed to fulfil their promise to reduce corporate tax rate from 25 ? to 20 ?, achieve double digit GDP growth annually for the next four years and has also failed to facilitate the passage of consumer protection law.

African Development Bank gives Morocco USD270 million

The bank had funded 18 investment programs in the Moroccan energy sector with a full worth of over USD1.65 billion, as said in the statement.

Mbaru asks central bank to cut cash reserve ratio

The private sector considers the lending environment tough over the last three years when the loan rate was capped.

Speculation boosts dollar investment funds

The steady decline in the reserves, coupled with measures introduced by the apex bank in the last few months, which are deliberately aimed at attracting capital inflows, have heightened speculation that a devaluation of the naira is imminent.

South Africa to introduce crypto regulations

South Africa has limitations on how much money individuals and companies can send outside the country.

EU and African banks sign $120 million climate action facility

This is the second line of credit to be extended by EIB to TDB, the first one having been signed in 2014 for €80 million.

EOH shareholders vote against salary policies

EOH said on Friday that it has started reaching out to the shareholders who voted against the resolutions.

Nigerian Government Agrees $3 Billion Financing Pact for Women Entrepreneurs

According to the report, Both BoI and AfDB share a similar focus on promoting industrialization and economic growth by providing financial and funding support to entrepreneurs.

New Development Bank warns against scams

A typical ploy is to send an email or other communication that appears to come from a bank or other trustworthy source requesting personal information such as identity documents, driver’s licences, passports, payslips, addresses and contact details.

Moody’s Warns Nigeria Its Reliance on Hot Money Is Damaging Its Economy

Around a third are held by foreigners, it said, many of which are carry traders enticed by yields of about 13%.

AfreximBank Approves More Than US$ 52 Million For Commercial Banks In Liberia

The debt represents infrastructure loans from 10 years ago that should have been long repaid by the previous administration.

President Kenyatta signs Second Supplementary Appropriation Bill 2019

The Bill, which was presented to the President for signing by National Assembly Speaker Justin Muturi, was passed by Parliament yesterday.

Q3 2019 Cryptocurrency Anti-Money Laundering Report

It will no doubt have implications as regulators seek to have KYC information shared globally.

Seychelles' President will not sign public salary bill; pension fund acquisition on hold

Therefore the transaction between the Pension Fund and Cable and Wireless is on hold, whilst the law is passed and approved so that the legal process is done.

Regulation,Tax & Compliance