Managers of Wealth Africa

Sudan agrees reforms with World Bank, IMF, AfDB – finance minister

Sudan’s new transitional government has been working to remove the country from the .S. sponsors of terrorism list, to potentially open the door for foreign investment.

African Development Bank Approves $165 Million for Angola

In approving the loan, Board members called for the monitoring of Angola’s high public debt levels, estimated at about 90% of GDP, and projected to ease to around 60% by the end of the program period.

President Kenyatta courts Arab investors to invest in Kenya

President Kenyatta urged Middle East investors not to be deterred by negative media stories that try to depict Africa in negative light while ignoring the growth and prosperity of the continent.

Africa is fertile ground for cybercrime

Mauritius and Kenya are the only countries with ‘high’ commitment levels.

Afreximbank adds to City woes by pulling its listing

Only this month Afreximbank announced plans to list global depositary receipts in London.

Kenyan parliamentary panel backs lifting cap on lending rates

“There is a sense that this will be good for lending growth and banks’ margins.”

Russia starts a new chapter in Africa

Any African government purchasing those weapons would of course no longer be directing them at colonial armies but more likely violent jihadi extremists in the Sahel, for example.

Kenya’s demonetisation: A step in the fight against corruption

All considered, the critical consideration was to balance the objective of addressing illicit financial flows and counterfeits while ensuring that the process was not disruptive to the public and the economy.

Ex-Banker Bids to Cash In on South African Takeover of Central Bank

Shareholders led by a former Goldman Sachs analyst are hoping to cash in on the plan to nationalize the publicly traded South African Reserve Bank

AfDB, New Development Bank to co-finance African projects

The African Development Bank (AfDB) and the New Development Bank have signed an agreement to promote new impact projects to improve the lives of millions of Africans.

Tunisia Plans to Repay its $4 Bn Debts in 2020

Chalgoum said the government expects funding through the current financing program with the International Monetary Fund, and the rest will be through the global financial market.

The African Continental Free Trade Area enters into force

These instruments are the key tools that will support the launch of the operational phase of the AfCFTA with start of trading scheduled for July 2020.

Jubilee, Credit Bank enter deal targeting SMEs

Credit Bank chief executive Betty Korir said the unified loan-cum-insurance products will be competitively priced to enable the lender disburse money for small to big-ticket deals.

Nedbank CIB concludes major deal in Ghana

One Airport Square, which is the asset under finance, is situated in the established commercial office node known as Airport City, which is situated on the doorstep of the Kotoka International Airport.

Top bank demands Sh1.4 billion from Tuju restaurant

Court documents showed that the restaurant entered into an agreement with the bank on April 10, 2015, under which it agreed to give Dari a $9.3 million (Sh962 million) loan.

Kenyan Govt. Seeks Regulation Of ‘Exploitative’ Mobile Lenders

The law would mean that the central bank would license and regulate the lenders, and also force them to have requirements for capital.

How Nigeria can stem illicit financial flows

The law that regulates company operations, the Companies and Allied Matters Act (CAMA) 2004, was amended by the last Senate but is yet to be signed into law.

SARS revives unit focusing on companies and wealthy South Africans – here’s what you need to know

Kieswetter said that the value proposition offered by the large business centre is to promote voluntary compliance at the lowest cost to the taxpayer and SARS.

Airtel And Ecobank Announce Partnership On Mobile Money

The partnership will also allow Ecobank corporate account holders to make bulk disbursements, such as payroll payments, directly into Airtel Money customer wallets.

CBK Governor Njoroge bags Sub-Saharan Africa award

The governor has dedicated his award to the youth of Africa.

Regulation,Tax & Compliance