Managers of Wealth Africa

Absa gets banking licence after acquiring Barclays Bank

The company, which has been operating in Uganda for close 92 years, reiterated its commitment to the country’s growth and economic development under the Absa brand.

Bill to nationalize South Africa's central bank back in parliament

Unlike most central banks in the world, the South African Reserve Bank (SARB) is privately owned.

NBK Lost Ksh 9 Billion in Deposits in 3 Months After KCB Buyout

The two entities have different competencies and propositions. We will go bank to the regulator about the model. Closing the brand comes with downsides because it is not automatic all customers will remain

European Investment Bank Expands Trade & Investment Insurance Benefits to West Africa

Agreements for intended financing signed at African Investment Forum

List of Fund Managers remaining after SEC mass license revocation

Following the mass license revocation, SEC published a list of the outstanding fund management companies on its website.

The Russia-Africa Summit: The Next Stage in the Kremlin’s Africa Charm Offensive

Russia is no stranger to Africa.

East Africa debt load is pain for future generations

How they maneuverer to sustain growth while minimising fiscal risk will largely determine whether they all get home in one piece.

CBK regains control of monetary policy after Uhuru signs repeal of interest law

The inclusion of CBR in the formula for determining cost of loans, however, left CBK hamstrung, blunting its ability to alter cost of loans without hurting the wider economy through change in the price of credit.

Nigerian banks stepping up efforts to plug gender gap

Only one in three women in Africa’s most populous nation currently has an account, development body says

Capital demands African regulatory stability

Financial fundamentals and sustainability considerations will also be key to attracting the project financing required to develop recent discoveries

Cyril Ramaphosa: Investment Achievements Need To Be Celebrated

By the conclusion of the conference last Thursday, the total amount committed by corporates was R363 billion and excluded an additional R8 billion was still subject to regulatory or board approvals.

Kenya offers citizenship in investor push

Moses Ikiara, KenInvest managing director, said the agency held “positive discussions” with Interior Secretary Fred Matiang’i with a view to developing a framework to ensure the vetting is watertight and free from abuse.

Regulator clears Cobus Kellermann following multi-year probe

Kellerman denied allegations of wrongdoing at the time.

Reasons for entrepreneurs to consider setting up an offshore business

The motivation and benefit of using offshore structures is less about tax planning and more about operational efficiency and access to opportunities.

Some municipalities struggling to deliver services after VBS losses, AG warns

VBS was placed under curatorship by the South African Reserve Bank in March last year

African Development Bank’s Sustainable Energy Fund for Africa converts to concessional finance facility

First established in 2012, SEFA is anchored in a commitment of $121 million by the Governments of Denmark, United States, United Kingdom, Italy, Norway and Spain

ICASA publishes information memorandum on high-demand spectrum

The Information Memorandum further provides guidance to stakeholders and prospective applicants on the process and criteria to be applied by the Authority in the licensing of the spectrum.

Sustained DDoS Attack on South African Banks Accompanied by Ransom Notes

It is unclear if there is any relationship with recent hacking activity directed at South African ISPs, which have been hit by a wave of similar attacks in recent weeks.

Rand Firms as South Africa Wins Rating Reprieve From Moody’s

The nation is already rated below investment grade at S&P Global Ratings and Fitch Ratings, both of which shifted its status to junk in 2017.

JSE suspends IT company, threatens others

In mid-October, a South African unit of the company was placed in business rescue.

Regulation,Tax & Compliance